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".