Is Obama one of the worst investors as a President EVER?
☆ElenaDiamond☆
2012/07/13 14:13:25
|
|
|||||
|
12 votes
|
|
55% | |||
|
10 votes
|
|
45% | |||
Lets Examine Obama's 6.5 Billion SCREW UP at the tax payers expense.
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 Attkissontakes 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:
CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES’ subsidiary Eastern Energy and Solyndra.
6.5 Billion of Taxpayer money on Junk bonds hat are already going bankrupt?
GREAT JOB Mr. OWEBAMA.
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 Attkissontakes 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:
CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES’ subsidiary Eastern Energy and Solyndra.
6.5 Billion of Taxpayer money on Junk bonds hat are already going bankrupt?
GREAT JOB Mr. OWEBAMA.
Read More: http://hotair.com/archives/2012/01/13/cbs-obama-ad...
Top Opinion
-
lurx: the soda jerk 2012/07/13 14:22:36
so its not his fault exactly.....George W. Bush ran up $6.4 trillion in the national debt....
http://tpmdc.talkingpointsmem...
There is a difference between cleaning up our earth, and spending money on junk bonds that go bankrupt.
http://www.nytimes.com/2011/0...
...is all that wise an investment, even though it is still the most profitable industry known to man.