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Energy Department loses $42M on loan to van maker
ap ^ | 9/6/13 | MATTHEW DALY

Posted on 09/07/2013 12:57:47 PM PDT by ColdOne

WASHINGTON (AP) -- The Energy Department said Friday it will lose about $42 million on a loan to a now-shuttered Michigan company that made vans for the disabled.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: greenenergy
Who knew the Energy Dept had its own money to lose? /s
1 posted on 09/07/2013 12:57:47 PM PDT by ColdOne
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To: ColdOne

Boy, I’m glad it wasn’t my money.


2 posted on 09/07/2013 1:01:06 PM PDT by Rocky (Obama is pure evil.)
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To: ColdOne

How much in campaign contributions did Obama/Dems receive from them?


3 posted on 09/07/2013 1:01:45 PM PDT by kaehurowing
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To: kaehurowing

Probably about $40,000. Pretty good return on investment...


4 posted on 09/07/2013 1:09:50 PM PDT by 17th Miss Regt
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To: ColdOne

Basically a loan to make wheelchair accessible vans that run on natural gas. Why dd they fail?

The only CNG vehicles I’ve seen in my area are from the local phone or cable company. They must have their own fueling facility at their yard.


5 posted on 09/07/2013 1:15:30 PM PDT by matt04
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To: matt04

” They must have their own fueling facility at their yard.”

That seems to be the case here in the Cleveland area. Not available to the public.


6 posted on 09/07/2013 1:34:55 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: ColdOne

Who knew the Energy Dept had its own money to lose? /s

Yep, and if I was on twitter I’d tell that fool AP so called Reporter the same thing.


7 posted on 09/07/2013 1:50:36 PM PDT by DAC21
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To: Dr. Bogus Pachysandra

$42 Million stolen and no one is jail? Must have been a DIM or LIB or RINO.


8 posted on 09/07/2013 1:51:04 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: All

BIG GOVERNMENT IS CRONY SOCIALISM

He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.

DISMANTLE the EPA, DISMANTLE BIG GOVERNMENT

http://www.usa.gov/directory/federal/

Socialism Is Legal Plunder - “The Law” Bastiat

http://www.usdebtclock.org

—That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

live - free - republic

Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation. This will be no light task. - “The Law” Bastiat


9 posted on 09/07/2013 2:19:27 PM PDT by PGalt
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To: ColdOne

The usual. Democrats stealing our tax money. FUBO.


10 posted on 09/07/2013 2:19:37 PM PDT by peanu
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To: ColdOne

Come on people! Obama thought a wind turbine on the hood of a car was a good concept.

Remember keeping your tires inflated?


11 posted on 09/07/2013 2:32:09 PM PDT by hadaclueonce (dont worry about Mexico, put the fence around kalifornia.)
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To: matt04

They must have their own fueling facility at their yard.
********************************
Ditto that in Orlando ,, only refueling is at the local taxi company and only for their vehicles ...


12 posted on 09/07/2013 2:36:43 PM PDT by Neidermeyer (I used to be disgusted , now I try to be amused.)
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To: hal ogen
I don't watch television, but my wife does. About two months ago, I happened to walk by the tv while the POS Brian Williams was pontificating about military waste, and they spent five or ten minutes on this: "US Military spends 34 Million on facility which was never used."

The top of my head almost came off. Of all the things we are wasting money on, this 34 million was a drop in the damned bucket!

Now, today, I read this, but this will never see the light of day beyond the scrap of AP it was released on. If that.

13 posted on 09/07/2013 5:11:58 PM PDT by rlmorel (Silence: The New Hate Speech)
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To: ColdOne

I guess if NASA can be used as a Muzzie outreach entity, the Energy Department can be used as a fringe handicapped vans purveyor.


14 posted on 09/08/2013 3:35:33 AM PDT by trebb (Where in the the hell has my country gone?)
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