Friday, July 6, 2012

Magic Obama turns green RED

Friday Fail for the O administration. Both Rick Wagner and I have written about these guys before. Once again bloggers doing the job the newspapers and TV stations just won't do. (must not em\barass the regime with bad economic/corruption stories)

Think of how much good this federal energy money could have done developing proven resources.

Bankrupt Colo. solar firm sticks taxpayers for $68 million, doomed by poor quality
Despite glowing press clippings in which the CEO of Colorado-based Abound Solar claimed seven months ago that his company was the “anti-Solyndra,” the green-energy firm has filed for chapter 7 bankruptcy liquidation. It is terminating all 125 workers at its Loveland, Colo. headquarters, and is blaming China for its failure.
House investigating bankrupt solar company backed by Obama bundler and DOE loan
The House Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending invited the Abound Solar CEO and former CEO to testify, along with some Energy Department officials after the company announced it is filing for bankruptcy, despite drawing about $70 million of the $400 million available from the DOE loan guarantee.
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As in the case of Solyndra, which declared bankruptcy last year, a bundler for President Obama’s campaign has a financial stake in the solar company.
STRYKER ON THE STAND? Congress To Investigate Abound Solar Loan
As Todd Shepherd has exhaustively reported, Abound Solar had major problems before they got the loan, leading many to question how political connections helped the ailing company secure the loan.

If Congress is looking for a suggestion of people to subpoena, we might also suggest former one-term Governor Bill Ritter. According to The Denver Post, Ritter "hand delivered two letters of support" for Abound Solar directly to Obama's Secretary of Energy, Steven Chu. After Ritter left office, Stryker's Bohemian Companies helped fund a $300,000 salary for Ritter at a new renewable energy center at CSU

7 comments:

  1. "Think of how much good this federal energy money could have done developing proven resources."

    Think of how much good the "Keystone" project could do WITHOUT "federal energy money"! Think of how much good CAN be done if and when the gross uncertainties of the B.O. Administration are gone and REAL private investment money,is once again, at play!

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  2. BTW: Just what does Ritter know about "new renewable energy" or anything else, for that matter?

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  3. Now, check this out:

    "Obama Administration to Spend $20 Million on Green Energy Plan-for Africa"

    http://cnsnews.com/news/article/obama-administration-spend-20-million-green-energy-plan-africa

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  4. Patrick Henry said: “It is natural for man to indulge in the illusions of hope and pride. We are apt to shut our eyes against a painful truth, and listen to the song of that siren till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? Are we disposed to be the number of those who, having eyes, see not, and having ears, hear not, the things which so nearly concern their temporal salvation? For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst, and to provide for it.”

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  5. Think about how much better off we'd have been without Obama.

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  6. P.S.
    Remember -- Green is the new Red (debt-wise and Commie-wise.)

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  7. "Think about how much better off we'd have been without Obama."

    Sometimes I can think of little else!!!!!!!!!

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