Another solar company failure

  • Thread starter Thread starter Guns Guns Guns
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The [Romney] campaign also noted that unlike Solyndra’s ties to the president, nobody from Konarka had given to the Romney campaign and the company had paid back the loan distributed during Romney’s tenure. Williams also noted that the decision to loan Konarka money was made before Romney became governor…


The list of Obama's failures.....

For those who only hear about these failing companies one by one, the following is a list of all the clean energy companies supported by President Obama’s stimulus that are now failing or have filed for bankruptcy. The liberal media hopes you’ve forgotten about all of them except Solyndra, but we haven’t.

  • Evergreen Solar
  • SpectraWatt
  • Solyndra (received $535 million)
  • Beacon Power (received $43 million)
  • AES’ subsidiary Eastern Energy
  • Nevada Geothermal (received $98.5 million)
  • SunPower (received $1.5 billion)
  • First Solar (received $1.46 billion)
  • Babcock & Brown (an Australian company which received $178 million)
  • Ener1 (subsidiary EnerDel received $118.5 million)
  • Amonix (received 5.9 million)
  • The National Renewable Energy Lab
  • Fisker Automotive
  • Abound Solar (received $400 million)
  • Chevy Volt (taxpayers basically own GM)
  • Solar Trust of America
  • A123 Systems (received $279 million)
  • Willard & Kelsey Solar Group (received $6 million)
  • Johnson Controls (received $299 million)
  • Schneider Electric (received $86 million)
That’s 19 (that we know of so far). 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 his first official 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.
 
Romney and allies are attacking the president for efforts similar to his when he was governor.

An investigation by Republicans in Congress hasn’t found evidence the administration gave Solyndra the loan to reward a political donor.

Romney, a co-founder of Boston-based private-equity firm Bain Capital LLC, promoted state aid during a January 2003 press conference in Lowell, according to a statement from Ameresco Inc., a Framingham-based company that also won state help. Romney took over as governor that month.

Romney also announced that a restructured green fund would provide $15 million in support for renewable energy in the state.

In 2003, then-governor Romney said the Massachusetts fund could become a “major economic springboard” by focusing on job growth in the renewable-energy industry.


http://www.boston.com/businessupdat...ed-solyndra/294xSWvPxid9LyUq3Tm7NM/story.html
 
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