RESPONSE TO: ' Heritage Foundation Publishes Complete List Of Obama's 'Green' Flops '
While the article (reproduced below) is a good start to the full story of the Obama administration "Green company" payouts, there are some obvious unanswered questions due the American people. On the face of it, this amounts to political favoritism. Political favoritism is nothing more or less than an unholy alliance between government and business, called Fascism. Fascism has no place in the U.S. Constitutional government which ours is supposed to be. This only shows that our government has become too big, arrogant, out of control and is ignoring our nations founding principles.
But was there something more criminal afoot? I am especially suspicious of the 17 companies that failed and/or declared bankruptcy so soon after receiving all that taxpayer funded money as every other concerned American citizen should be. Therefore, I believe it is best for the state of our country that every concerned citizen demand further investigation on the Obama administration and the 17 failed companies with emphasis on the following:
1. Of the 17 failed/bankrupted companies, how much money did each company actually receive from the Obama administration?
2. Of the Owners, Presidents, CEOs, and Board of Directors of the 17 failed/bankrupted companies, who were major 2008 Obama Campaign supporters?
3. Of these 17 companies, where did all that money go? Who benefited from these enormous money payouts?
4. Were these 17 companies set up expressly for the purpose of receiving kick-backs by the Obama administration for supporting Senator Obama's bid for the Presidency?
5. Were these government payouts, followed by 17 "business failures", a huge criminal money scam on the part of the Obama administration and the owners of a few so-called "Green companies"? If so, this would amount to grand larceny and the Obama administration and the recipient companies should be tried to the full letter of the law and be made to make restitution if found guilty.
6. How is it that the Federal Government can give away taxpayer funded money to a few favored companies without the consent of the American people (through an act of Congress) in the first place?
Referenced article: Heritage Foundation Publishes Complete List Of Obama's 'Green' Flops
Referenced article reproduced below.
Heritage Foundation Publishes Complete List Of Obama's 'Green' Flops
Bryan Preston / October 18, 2012
President has repeatedly promised to continue investing taxpayer dollars in “green” tech companies if he is elected to a second term. If the past is any guide, America would be in for a whole lot of taxpayer-funded failures and bankruptcies. In four years, Obama’s investments have racked up 36 flops. As Mitt Romney quipped in the first debate, Obama doesn’t just use the government pick winners and losers — he just picks losers.
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:
- Evergreen Solar ($24 million)*
- SpectraWatt ($500,000)*
- Solyndra ($535 million)*
- Beacon Power ($69 million)*
- AES’s subsidiary Eastern Energy ($17.1 million)
- Nevada Geothermal ($98.5 million)
- SunPower ($1.5 billion)
- First Solar ($1.46 billion)
- Babcock and Brown ($178 million)
- EnerDel’s subsidiary Ener1 ($118.5 million)*
- Amonix ($5.9 million)
- National Renewable Energy Lab ($200 million)
- Fisker Automotive ($528 million)
- Abound Solar ($374 million)*
- A123 Systems ($279 million)*
- Willard and Kelsey Solar Group ($6 million)
- Johnson Controls ($299 million)
- Schneider Electric ($86 million)
- Brightsource ($1.6 billion)
- ECOtality ($126.2 million)
- Raser Technologies ($33 million)*
- Energy Conversion Devices ($13.3 million)*
- Mountain Plaza, Inc. ($2 million)*
- Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
- Range Fuels ($80 million)*
- Thompson River Power ($6.4 million)*
- Stirling Energy Systems ($7 million)*
- LSP Energy ($2.1 billion)*
- UniSolar ($100 million)*
- Azure Dynamics ($120 million)*
- GreenVolts ($500,000)
- Vestas ($50 million)
- LG Chem’s subsidiary Chemical Power ($150 million)
- Nordic Windpower ($16 million)*
- Navistar ($10 million)
- Satcon ($3 million)*
*Denotes companies that have filed for bankruptcy.