Posted on 01/13/2012 9:34:59 AM PST by Nachum
We already know that the Obama administration’s stimulus-funded subsidies of green-energy firms have been rather poor investments. Solyndra, after all, collapsed while taking over half a billion dollars in taxpayer money with it, after the Department of Energy illegally subordinated taxpayer risk for later investors — mainly an Obama bundler from 2008, George Kaiser. CBS News’ Sharyl Attkisson takes a break from reporting on Operation Fast and Furious to give a closer look at the performance of Barack Obama’s bets in the green-tech sector — and says that Obama bet more than $6.5 billion of taxpayer money in junk bonds:
(Excerpt) Read more at hotair.com ...
The list, Ping
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The “green tech ventures” were simply money laundering scams to enrich his cronies and put more cash in democRat re-election coffers.
Why did the Republican House appropriate money for these giveaways in 2012? Mr. Boehner seems unwilling to provide the fiscal leadership the House of Representatives is empowered by the Constitution to exert. Obama cannot spend a penny without it being appropriated by the House. The Republicans have only themselves to blame this year.
Obama proposes to save less than half in org consolidation.
But he can lay off more people,it’s helps his socialism cause.
Over 100 Criminal Probes Related to Stimulus Funding in the Department of Energy Alone
http://www.weeklystandard.com/blogs/energy-department-ig-has-launched-over-100-crinimal-probes-related-stimulus-funding_607675.html
Obama Energy Department Is Going Back and Changing Solar Energy Loan Press Releases
The Obama Administration spent nearly half of the $38.6 billion ($17.2 billion) set aside for his green energy programs and was only able to create 3,545 permanent green jobs. This comes out to a staggering $4,853,000 per job.
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