ANOTHER OBAMA GREEN ENERGY COMPANY GOES BANKRUPT.... TAXPAYERS LOSE $249 MILLION GRANT!

by Old Salt Posted 2012/10/16 17:26:47

Related Topics: Obama, Stimulus, Bankruptcy, Vice President, Romney, Clean, Electric, Companies, Plant, Green Energy, Solyndra, private business, Government

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	JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!	95 votes	85%
	HOW IS THIS THE PRESIDENTS FAULT?	11 votes	10%
	Undecided	6 votes	5%

The very LAST thing the President needed going into tonight's debate, was the news that ANOTHER one of his PREMIERE Green Energy Companies is going "belly up!" But that is the case!

The U.S. Department of Energy allotted about $90 billion for various clean-energy programs through the administration's stimulus package. Of that, at least $813 million went to energy companies that eventually filed for bankruptcy, including A123, Solyndra, Beacon, Abound Solar and EnerDel.

The President and Vice President BOTH made statements in regards to A123, that promised to create 38,000 U.S. jobs, including 5,900 at its own plants, in return for the government funding under the 2009 American Recovery and Reinvestment Act's Electric Drive Vehicle Battery and Component Manufacturing Initiative.

Johnson Controls, which supplies lithium-ion batteries to a number of vehicle manufacturers, also received a $299 million grant under the same program.

http://www.huffingtonpost.com/2012/10/16/a123-systems-bankrup...

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Barefooted Nana ∞ijm♥∞AFCL 2012/10/16 17:36:50

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+13
OMG....I love it! Could the timing be more perfect!!!! More ammo for Mitt!
Thanks for posting this OS!

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AL 2012/10/19 07:32:06

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+1
I don't know why Romney didn't bring this up in the last debate!

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dispatcher 2012/10/17 19:42:48

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+1
Just another losing pick of ODUMBO..Wonder how much money they donated to his campaign

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jerry to dispatcher 2012/10/17 22:27:53

+1
He's done an excellent job...now if we just do the OPPOSITE of what he wants to do it will be like hitting the lottery

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dispatcher to jerry 2012/10/18 13:37:32

+2
just imagine how many of those companies made donations to his campaign with taxpayers money....

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jerry to dispatcher 2012/10/18 15:08:02

+1
yes...solyndra scandal is deepening........purely corrupt!

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Flamingolady 2012/10/17 18:13:58

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+2
Another example of the amateur's take on business.

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Old Timer 2012/10/17 16:54:04

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+2
Has he given our money away to any of these Campaign Donor Comapnies that has made it?

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JustTheFacts 2012/10/17 16:20:31

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+2
This proves yet again the Liar In Chief holds up to his true name when he says, "everyone should play by the same rules". This is a PRIME example of obama thinking HE should be the one to pick winners and losers and NOT the free market.

With the second debate now behind us, failed "green" companies and the over $100 billion of borrowed money wasted is one of many areas Mitt is not attacking as much as he should be. Mitt is not attacking thoroughly enough....leaving too much red meat on the table with this horrible presidents horrible policies.

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mac9 2012/10/17 16:08:47

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+4
Now the Chevy Volt has no battery replacement. GM and 123 and gone.....both a waste of taxpayer money

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Lanikai to mac9 2012/10/17 18:29:32

+1
Not to mention the Fiskars, Finnish vehicle needed these, especially AFTER we invested about a 100 billion in finnish Fiksars cars. NOT even an American company.

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Wayne 2012/10/17 16:00:45

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+3
Obama does not pick winners and losers, he only picks losers.

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Tuna 2012/10/17 15:33:30

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+3
DOMINOES ANYONE?? Not only did A123 go broke, they make the batteries for electric car maker, Tessler, who Obama subsidizes; all those companies making electric cars need batteries don't they?

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jerry to Tuna 2012/10/17 22:25:17

+2
It's more of a "concept" thing.....not so much a "business" thing.....just like jobs, you don't actually have to create them, you just need to pretend you care.

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bluelady 2012/10/17 13:15:50

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+4
another example on why we need a businessman in the White House

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Franklin 2012/10/17 13:05:32

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+5
to democrats this is not a loss ...after all most of the $$$ did wind up in Obama's pocket , that is how the GREEN JOBS scam works ...you give tax payers $$$ to your "buds" and they contribute to your campaign

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JustThe... to Franklin 2012/10/17 16:23:02 (edited)

+2
Absolutely, positively 100% correct.

But, if some of this smoke and mirrors (green companies) should somehow be successful, the government already regulates and controls it because it owns it.

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Franklin to JustThe... 2012/10/18 12:14:32

+2
I loved when Obama said in the debate the high price of gas is a sign that his economy is recovering - what a tool he is !

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AL to Franklin 2012/10/19 07:40:06 (edited)

+1
Yes sir,I'm sure feeling great about that $20.00 raise I got in my Social Securiy checks as well! Since we haven't had one in the last three years!Now maybe I can fill my gas tank at least once a month!

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Lanikai to Franklin 2012/10/17 18:30:04

+1
Or to your retirement home in Hawaii for 35 MILLION dollars fund.

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Franklin to Lanikai 2012/10/18 12:15:35

+2
Obama said "The private sector is fine!" ...he only worries and works for BIG GOVERNMENT ...people are an after thought and mean less than nothing to him.

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Wahvlvke 2012/10/17 12:52:45

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+3
Like Romney's friend said ... obie doesn't pick winners and loosers, he just picks loosers. Using taxpayer money to fund your screwed up agenda is not a valid function of government.

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us 2012/10/17 04:04:50

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+3
Green Energy is destroying America, let do all energy, and if private people want to invest in green energy instread using taxpayers money. I'm tired we are wasting billion of dollars, now another $249 million dollars, it is so sad. Let do all energy!

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lcky9 2012/10/17 03:38:49

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+4
Romney is right OBAMA can pick LOSERS..

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Marek 2012/10/17 02:24:01

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+6
The green enery is not about electricity but about green bucks powering up obama reelection steam engine. Not compatible but nevertheless attempt is being made.

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Marek to Marek 2012/10/17 02:32:48

+6
The puffington compost must be deepressed by all these obama failures and bad news. They write in their article that a chinese company refused to bail out the A123 green company. I dont blame the chinese, they are not stupid to invest in a company that takes about quarter of billion dollars and year later has nothing to show for it and needs another half a billion diollars.

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mach-1 BL-106 2012/10/17 02:14:17

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+7
"Obama " Everything he touches is bad!

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Azrael-In GOD we trust 2012/10/17 02:12:16

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+3
http://www.youtube.com/watch?...

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PC Gamer Name "Angry Assassin" 2012/10/17 02:10:25 (edited)

HOW IS THIS THE PRESIDENTS FAULT?

+3
Just throwing Money around to "Green Companies" & hoping to score some Political points isn't working for the Obama Administration. Another Company that received a Grant form the U.S. Department of Energy that goes "belly up." Add "A123 Systems, Inc." (Waltham, Massachusetts) to the list of other Companies, such as: "Abound Solar" (Loveland, Colorado), manufacturer of thin film photovoltaic modules. "Beacon Power" (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation. "Ener1" (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars. "Energy Conversion Devices" (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products. "Evergreen Solar, Inc." (Marlborough, Massachusetts), manufactured and installed solar panels. "Mountain Plaza, Inc." (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology. "Olsen’s Crop Service and Olsens Mills Acquisition Co." (Berlin, Wisconsin), a private company producing ethanol. "Range Fuels" (Soperton, Georgia), tried to develop a technology that c...

Just throwing Money around to "Green Companies" & hoping to score some Political points isn't working for the Obama Administration. Another Company that received a Grant form the U.S. Department of Energy that goes "belly up." Add "A123 Systems, Inc." (Waltham, Massachusetts) to the list of other Companies, such as: "Abound Solar" (Loveland, Colorado), manufacturer of thin film photovoltaic modules. "Beacon Power" (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation. "Ener1" (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars. "Energy Conversion Devices" (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products. "Evergreen Solar, Inc." (Marlborough, Massachusetts), manufactured and installed solar panels. "Mountain Plaza, Inc." (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology. "Olsen’s Crop Service and Olsens Mills Acquisition Co." (Berlin, Wisconsin), a private company producing ethanol. "Range Fuels" (Soperton, Georgia), tried to develop a technology that converted biomass into ethanol without the use of enzymes. "Raser Technologies" (Provo, Utah), geothermal power plants and technology licensing. "Solyndra" (Fremont, California), manufacturer of cylindrical panels of thin-film solar cells. "Spectrawatt" (Hopewell, New York), solar cell manufacturer. "Thompson River Power LLC" (Wayzata, Minnesota), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation. Thank You, Mr.President for really knowing how to pick winners that in the end up go Bankrupt. If I ever need Anyone that knows how to invest, I know NOT to call You!
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lcky9 to PC Game... 2012/10/17 03:40:46

+4
IF Obama wants to invest in these types of things that's GREAT ... DO it with his OWN money not MINE..my guess is his portfolio has OIL in it..not GREEN stuff..

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us to lcky9 2012/10/17 04:08:29

+4
I agree, this why we have free markets, so if private investor want to build, invest and create jobs. Let do all energy!

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PC Game... to lcky9 2012/10/17 06:49:30

+2
I deliberately chose that answer because I wanted Liberals to think that I was on their side & to give them some "food for thought." Not that they can think. Maybe they'll take the hint.

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Lisa 2012/10/17 01:53:15

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+5
Rhetoric and lies that is what Obama is good at

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jere.chievres 2012/10/17 00:13:18

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+7
Time for the dumbass to quit!

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AL to jere.ch... 2012/10/19 07:45:44 (edited)

+2
I know Obama hates wealthy job creators, The problem is, I just can't find any poor person to give me a job yet

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Tombo 2012/10/17 00:08:40

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+6
It's socialism and it doesn't work! "Beware the greedy hand of government thrusting itself into every crevice and corner of industry" -Thomas Paine.

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joe keeney 2012/10/17 00:08:39

JUST ANOTHER REASON TO VOTE ROMNEY AND GET GOVT OUT OF PRIVATE BUSINESS!

+2
Huff Po said that I'm barred for life at that lib pit.

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PC Game... to joe keeney 2012/10/17 03:05:12

+2
Well, Joe. In "my book," you'll always be "Welcome Here!"

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joe keeney to PC Game... 2012/10/17 16:42:16

+4
Thanks I was all Alone over there. Those are some sick liberals.

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PC Game... to joe keeney 2012/10/17 23:05:08 (edited)

+2
Yes. Some of them are really, really bitter! I know how You feel. They go on the "Attack Mode" on me all the time.

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joe keeney to PC Game... 2012/10/17 23:28:40

+2
It the one try to put you down for your education or say that your stupid. They got no answer to question you ask. Because They got no clue to what there selling.

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