Obama-Solyndra-02

“You don’t pick winners and losers. You pick losers.”
–Mitt Romney to President Obama at the first presidential debate
*****

But as far as his political cronies are concerned, he picks winners.

Both here and at Michelle’s place we talk a lot about the “green jobs” sham. The Heritage Foundation has compiled a list of all the taxpayer backed companies that have declared bankruptcy or probably will soon, along with the amount of money taxpayers could be on the hook for:

So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.

The complete list of faltering or bankrupt green-energy companies:

1.Evergreen Solar ($24 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($69 million)*
5.AES’s subsidiary Eastern Energy ($17.1 million)
6.Nevada Geothermal ($98.5 million)
7.SunPower ($1.5 billion)
8.First Solar ($1.46 billion)
9.Babcock and Brown ($178 million)
10.EnerDel’s subsidiary Ener1 ($118.5 million)*
11.Amonix ($5.9 million)
12.National Renewable Energy Lab ($200 million)
13.Fisker Automotive ($528 million)
14.Abound Solar ($374 million)*
15.A123 Systems ($279 million)*
16.Willard and Kelsey Solar Group ($6 million)
17.Johnson Controls ($299 million)
18.Schneider Electric ($86 million)
19.Brightsource ($1.6 billion)
20.ECOtality ($126.2 million)
21.Raser Technologies ($33 million)*
22.Energy Conversion Devices ($13.3 million)*
23.Mountain Plaza, Inc. ($2 million)*
24.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25.Range Fuels ($80 million)*
26.Thompson River Power ($6.4 million)*
27.Stirling Energy Systems ($7 million)*
28.LSP Energy ($2.1 billion)*
29.UniSolar ($100 million)*
30.Azure Dynamics ($120 million)*
31.GreenVolts ($500,000)
32.Vestas ($50 million)
33.LG Chem’s subsidiary Compact Power ($150 million)
34.Nordic Windpower ($16 million)*
35.Navistar ($10 million)
36.Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.

Al Gore least hardest hit by this insanity.

It’s an ingenius scheme: Invent “climate crisis”; propose government fund “clean energy” companies to save the planet; government spends billions of taxpayer dollars starting “green” projects; Al Gore and others invest some personal cash; if the company crashes, Gore et al recover their investments while taxpayers take a bath; government applauds the few government-backed companies that are successful (for a while anyway) while Al Gore & friends reap dividends from that investment while taxpayers… you guessed it… still see nothing.

Romney’s wrong in a sense: Obama does pick some winners — it’s just that you have to be an administration crony to qualify. And he certainly chooses losers, not the least of which are taxpayers.

Comments

15 Responses to “List of Obama’s ‘Green Energy’ Failures and Amount of Taxpayer Dollars Gone MIA”

  1. sizemorew on October 19th, 2012 12:39 pm

    The taxpayer is screwed over while climate change bullies like Al Gore make a mint. Why am I not surprised?

  2. backwoodsconsr on October 19th, 2012 12:57 pm

    MIA:

    1. "Green" energy stimulus money
    2. Joe Biden's brain.

  3. jeffythequick on October 19th, 2012 12:58 pm

    I like the reset idea.

    Reset to zero all spending outside of Article I, Section 8 of the US Constitution.

    The $1,030,000,000,000 saved in transfer payments will do a lot to clear up the deficit, and the increased tax revenue can help take care of the debt.

  4. jeffythequick on October 19th, 2012 12:59 pm

    hear! hear!

  5. jeffythequick on October 19th, 2012 1:01 pm

    I disagree with point #2…

    …what action did Joey's brain ever see?

  6. backwoodsconsr on October 19th, 2012 1:26 pm

    And has its existence ever been proven?

  7. SignPainterGuy on October 19th, 2012 1:27 pm

    For starters, it`s been used as a square peg to knock corners into the round hole !

  8. Marshall_Will on October 19th, 2012 4:45 pm

    Jeff,

    Truesoldier had the most viable option going forward. Simply reduce the DOE's budget by a min. of 20% EVERY year until these sums are recovered to the taxpayer's satisfaction. We'll never get the $$$ 'back' but this assures future generations don't get stuck w/ the bill.

  9. Marshall_Will on October 19th, 2012 4:46 pm

    "30.Azure Dynamics ($120 million)*" ( * Denotes company in Bankruptcy )

    Has ME feeling blue? Azure, whatever…

  10. Marshall_Will on October 19th, 2012 4:50 pm

    They only get 'away' with it if we LET them!

    The DOJ sent up "trial balloons" earlier this summer saying "They just couldn't find any infractions that point directly to MF Global's founder Jon Corzine, so..?"

    Yeah, tough t!tties. If YOU can't find a way, we WILL. Eco-scam, FINANCIAL-scam. You just keep floating those TB's and we'll keep shooting them DOWN.

  11. SignPainterGuy on October 19th, 2012 8:09 pm

    Hm hmm; Reach for the sky ! ;-)

  12. ChapBix on October 21st, 2012 10:54 am

    “You don’t pick winners and losers. You pick losers.”

    That applies beyond the green energy policies. We also find it in his foreign policy.

  13. ChapBix on October 21st, 2012 10:57 am

    Of those companies that were offered more than a billion buckaroonies by Obama's Energy Dept., how many of those had Obama donor bundlers employed there in executive positions? Just wonderin'.

  14. SignPainterGuy on October 21st, 2012 2:57 pm

    There`s bound to be a bundle of `em !

  15. 4_Constitution on October 29th, 2012 9:27 pm

    Al Gore has made millions of that junk science.

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