sunset from behind the wire

sunset from behind the wire

Saturday, June 22, 2013

ACORN and Green Energy Scandals

Before the:
  • IRS Scandal
  • The Black Panther Voter Intimidation Scandal
  • EPA Scandal
  • DOJ Scandal targeting reporters
  • NSA demolition of the Fourth Amendment Right to Privacy
There was the ACORN Scandal, that broke wide open thanks to Andrew Breitbart, James O'Keefe and Hanna Giles:


And ACORN supported Voter Fraud:


But is it any fun to be President if you can't fill the trough with money for your 'community activist buddies' on the far left?

My sense is that the President would say, "No." 

It's possibly cathartic for President Obama to support IRS and EPA actions that strangle conservative organizations in the cradle while pushing his pet partisan projects through the system. The Obama hobby has become underwriting the same failed dependency-inducing community organizing fronts while persecuting others based on ideology.

GREEN ENERGY SCANDAL

(Fox News) Here's a list of Obama-sponsored green energy projects that have failed completely during his first four years in office. No, don't weep for him. He didn't pay for them. You did, if you're part of the 50% of Americans who pay Federal Income Tax:

    Evergreen Solar ($25 million)*
    SpectraWatt ($500,000)*
    Solyndra ($535 million)*
    Beacon Power ($43 million)*
    Nevada Geothermal ($98.5 million)
    SunPower ($1.2 billion)
    First Solar ($1.46 billion)
    Babcock and Brown ($178 million)
    EnerDel’s subsidiary Ener1 ($118.5 million)*
    Amonix ($5.9 million)
    Fisker Automotive ($529 million)
    Abound Solar ($400 million)*
    A123 Systems ($279 million)*
    Willard and Kelsey Solar Group ($700,981)*
    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 ($6.5 million)*
    Stirling Energy Systems ($7 million)*
    Azure Dynamics ($5.4 million)*
    GreenVolts ($500,000)
    Vestas ($50 million)
    LG Chem’s subsidiary Compact Power ($151 million)
    Nordic Windpower ($16 million)*
    Navistar ($39 million)
    Satcon ($3 million)*
    Konarka Technologies Inc. ($20 million)*
    Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy. 
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.

Why does America stand for it? 

The Democratic Party wants to buy your vote with "somebody else's money".

13 comments:

  1. Those companies failed because we are racist and mean and don't want Obama to succeed. You see, it was our duty as Americans to not just bankroll the production of products we don't want, but also buy those products for ourselves and the other 50%.

    How else will Liberal economic theory ever take its place to shine in the sunlight of the brave new world?

    ReplyDelete
    Replies
    1. There is a radical difference between light bulbs pre Obama and now.

      Delete
  2. With the passing of Vince Flynn, I recall Term Limits, which started out (the first few chapters) as my favorite book of all time. There are no repercussions for the fleecing of the American Taxpayer. Congressman William Jefferson is in Federal Prison because he hid the money in his freezer...but Pelosi, Waters, etc. are still there, still doing what they do, because they put the money in their bank accounts.

    ReplyDelete
    Replies
    1. There are no limits that they set on their outrageous behavior. And the club (Congress) that they belong to wont censure them. The mainstream media has been neutered.

      Delete
  3. Voter ID is a step on the road to recovery. Americans' votes must COUNT.

    ReplyDelete
    Replies
    1. But it wouldn't favor the party that turns out the dead to vote... And since that party is in power...

      Delete
  4. Don't look for voter ID too soon. That might upset the criminals. The most corrupt are the liberals that scream loudest.

    ReplyDelete
  5. Is Charlie Rangle still in office? Yes...so I rest my case

    ReplyDelete
  6. No repercussions is right, because it's OUR money not his... And you're right, the 47% want their free cheese. Now it will get 'interesting' when that free cheese is no longer available, and the rioting starts...

    ReplyDelete
  7. How sad, even you have dropped Benghazi.

    ReplyDelete
    Replies
    1. Me? No, not by half. It's just that I can't blog on all of the scandals every day. This was only a trip down memory lane as a reminder that ACORN and Green Energy are still part of the Obama legacy.

      Delete
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