Tuesday, October 30, 2012

Obama interview on Libya and Green Subsidies

I just want to highlight some quotes from one of the rare interviews Obama gives where he is asked some pertinent questions….

Kyle Clark, asked if it's fair for Americans to be told to wait until after the election to...learn what truly happened in Libya.

Obama, "The election has nothing to do with four brave Americans getting killed and us wanting to find out exactly what happened,"

I am sure Obama would like for the American people to think his failed foreign policy and reaction to the attacks are not used as a deciding point and that he can hide the truth until after the election.

The President was also asked about the loss of tens of millions of taxpayer dollars in the failure of Abound Solar, a Fort Collins company connected to one of the President's billionaire fundraisers.
"These loans that are given out by the Department of Energy for clean energy have created jobs all across the country," President Obama said. "Some of them have failed but the vast majority of them are pushing us forward into a clean energy direction. These are decisions, by the way, that are made by the Department of Energy. They have nothing to do with POLITICS,"

The facts:

80% of these loans went to President Obama’s campaign donors. That means POLITICS in my book. I looked and it appears all the failures are well documented yet a Google Search of “Obama green energy success” failed to list a single company which has been a success story, at least of the first two pages of results. I would like for someone to point to the successful selection of using our tax dollars to pick green companies to support, corporate welfare, if there are any.

Complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($25 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($43 million)*
5. Nevada Geothermal ($98.5 million)
6. SunPower ($1.2 billion)
7. First Solar ($1.46 billion)
8. Babcock and Brown ($178 million)
9. EnerDel’s subsidiary Ener1 ($118.5 million)*
10. Amonix ($5.9 million)
11. Fisker Automotive ($529 million)
12. Abound Solar ($400 million)*
13. A123 Systems ($279 million)*
14. Willard and Kelsey Solar Group ($700,981)*
15. Johnson Controls ($299 million)
16. Schneider Electric ($86 million)
17. Brightsource ($1.6 billion)
18. ECOtality ($126.2 million)
19. Raser Technologies ($33 million)*
20. Energy Conversion Devices ($13.3 million)*
21. Mountain Plaza, Inc. ($2 million)*
22. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
23. Range Fuels ($80 million)*
24. Thompson River Power ($6.5 million)*
25. Stirling Energy Systems ($7 million)*
26. Azure Dynamics ($5.4 million)*
27. GreenVolts ($500,000)
28. Vestas ($50 million)
29. LG Chem’s subsidiary Compact Power ($151 million)
30. Nordic Windpower ($16 million)*
31. Navistar ($39 million)
32. Satcon ($3 million)*
33. Konarka Technologies Inc. ($20 million)*
34. Mascoma Corp. ($100 million)
*Denotes companies that have filed for bankruptcy.

We also know that loans went to foreign clean energy companies (Fisker sent money to their overseas plant to develop an electric car), and that 80% of these loans went to President Obama’s campaign donors.
The President is trying to claim in an early campaign ad that he’s created 2.7 million clean energy jobs. When you look at all the companies going bankrupt, some of those jobs might have been paid for by the stimulus, but they are gone now. You can’t claim we’re up 2.7 million jobs if so many of those jobs have been subsequently lost.

It appears Romney was wrong in the debate when he stated half of all companies Obama picked were going broke. Seems it is actually well over half.


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