The October bankruptcy of solar company Satcon Technology Corp. puts the number of bankrupt or troubled green energy companies as high as 50, according to one estimate. During the first presidential debate, Republican candidate Mitt Romney said the Obama administration had doled out $90 billion to green energy companies, half of which he said had failed, which sparked a media-wide debate over the accuracy of the claim. (Snip) Of the 33 companies that received 1705 loan guarantees, only three have declared bankruptcy. However, when other subsidies, outside of the 1705 loan guarantees are factored in, the number of government-backed green
Comments: $80 or $90 billion given away and how much gone to companies that are gone or going under? If you can't count the failed companies because of the deliberate confusion somewhere someone must have accounted and signed for the money that went out and disappeared forever down some sewer. If it comes out being $8 billion dollars how is that acceptable?
Like Romney said, "0bama does not pick winners and losers, 0bama only picks the losers." 0bama is a dismal failure; he has ruined the American economy, his foreign policy is a wretched disaster, and all his policies are set up to KILL jobs in America. Time for change.
They say a blind squirrel finds a nut once in a while. Do you still think the pResident did these investments happenstance. This is a deliberate attempt to funnel money to his cronys. There's the hope and change he was looking for! Now start charging the management of these failed enterprises for fraud.
Obama whines and moans about needing to raise taxes on the rich. Yet he lost more taxpayer money to bankrupt green energy companies than he would get from increasing the tax rate for the top bracket. Tax cuts for the top bracket have always resulted in higher revenue for the government because they stimulate economic growth. Conversely, increasing the top tax rate always produces far less revenue than expected. In fact, because the government always spends the money before it comes in, the hole gets even deeper.
BrightSource Energy (accident-prone former Commerce Secretary John Bryson's baby which, after his lobbying Obama, received a $1.6 billion loan guaranty) is on both lists. The second list - that of the Senate Republican Policy Committee - lists it as "Distressed".
Darrell Issa and the House Oversight Committee were on its and Bryson's tail when Bryson had his double hit and run in Rosemead, CA, and retired. Since then Issa and his committee have been pretty busy with other issues like Benghazi.
Steve doody on Fox and Friens just commented that had all the money lost on green projects been spent on updating the electric grid and burying the lines we would be in a much better place as a country. And many of the victims of this storm and other storms would not be without electricity for such an extended period negatiively effecting our economy through productivity lost.
Great point #11. However, I am sure that suggestion was never made to Obama. However, it should be a priority in the future. This country needs real fiscal watchdogs to ensure that tax money is not wasted. Whatever we have in place is evidently not working. I know I would feel better knowing there were actually people in Washington who cared about wasteful spending.
All this 'green' stuff from the getgo has been a total SCAM, as in SoCiAlisM!
The only thing green about any of it is the money the Libs stole from America to pad their friends pockets and get kickbacks. Look at the way they run things, it's all about funneling money from the taxpayer to their friends pockets with the guarantee of kickbacks so they can get reelected. The loser part is guaranteed as there is no intention to build products, it's the fraud part of all of this. Then WHEN they go bankrupt it's because the scam has run it's course and people start to notice...time to start up another scam and keep the feeding frenzy going. All of these Libs need to be put in prison for Theft and Treason and left there until they rot!
It would be interesting to learn how many of those "50 Obama-backed green energy companies" were aided, run, or steered to free Obama money (ie taxpayer money) by Obama bundlers, donors, union goons or other liberal hanger-ons.
We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.
Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican
CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.
The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.
Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political
A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.
Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by
Mitt Romney and President Obama each racked up early and expected victories Tuesday night in relatively safe territory, while some of the biggest battlegrounds that will decide the election remained too close to call. All the big swing states where polls have closed -- Florida, New Hampshire, Pennsylvania, Ohio, Virginia and North Carolina -- were too close to call, Fox News projects. (Snip) Obama will also win three of Maine's four electoral votes, Fox News projects. It is unclear where the state's fourth electoral vote will fall. The latest batch of poll closings, and results, has allowed Obama to take
Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.
As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.
As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran
Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.
He thought he was a woman trapped in a man’s body — but it turns out he’s “just another boring straight guy.” ABC News editor Don Ennis strolled into the newsroom in May wearing a little black dress and an auburn wig and announced he was transgender and splitting from his wife. He wanted to be called Dawn. But now he says he suffered from a two-day bout of amnesia that has made him realize he wants to live his life again as Don. “I accused my wife of playing some kind of cruel joke, dressing
WASHINGTON — Former Massachusetts lawmaker Barney Frank revealed that he doesn’t believe in God. During Friday’s appearance on HBO’s “Real Time With Bill Maher,” Frank, who championed the decriminalization of pot while serving in the House of Representatives, admitted to smoking marijuana and being an atheist. “You were in a fairly safe district. You were not one of those congress people who would have to worry about every little thing,” Maher said to Frank. “You could come on this show and sit next to a pot-smoking atheist and it wouldn’t bother you.”
The truth about Benghazi, the Associated Press/James Rosen monitoring, the IRS corruption, the NSA octopus, and Fast and Furious is still not exactly known. Almost a year after the attacks on our Benghazi facilities, we are only now learning details of CIA gun-running, military stand-down orders, aliases of those involved who are still hard to locate, massaged talking points, and the weird jailing of Nakoula Basseley Nakoula. We still do not quite know why Eric Holder’s Justice Department went after the Associated Press or Fox News’s James Rosen — given that members of the administration were themselves illegally leaking
Washington--As hundreds of commuters emerged from Amtrak and commuter trains at Union Station on a recent morning, an armed squad of men and women dressed in bulletproof vests made their way through the crowds. The squad was not with the Washington police department or Amtrak’s police force, but was one of the Transportation Security Administration’s Visible Intermodal Prevention and Response squads — VIPR teams for short — assigned to perform random security sweeps to prevent terrorist attacks at transportation hubs across the United States.(Snip)With little fanfare, the agency best known for airport screenings has vastly expanded its reach
A poll released Friday by Public Policy Polling found that Alaska voters would pick former Secretary of State Hillary Clinton over the state´s former Republican governor, Sarah Palin, if the two women were to face off in the 2016 presidential election. Clinton led with 49 percent in the hypothetical match-up, with Palin at 40 percent, a nine-point gap. As of July 3, Republicans comprised 27 percent of the state´s registered voters and Democrats made up just 14 percent. The last time Alaskans opted for the Democrats´ presidential candidate was in 1964. Clinton trails five other hypothetical GOP candidates –
In an interview for The Guardian Weekend magazine, actor Matt Damon recently weighed in with his thoughts on how President Barack Obama has handled the scandals that have engulfed his administration since the spring. Damon, a vocal supporter of the president since his 2008 campaign for national office, said that Obama is overcompensating for his lack of military background with his tough response to controversies like how the government is responding to National Security Agency leaker Edward Snowden. The actor said that Obama is allowing himself to “get bullied” and is acting as though is “manhood”
Republican National Committee Chairman Reince Priebus threatened to pull the group’s partnership with NBC and CNN for 2016 GOP presidential primary debates if the networks moved ahead with plans to air films on Hillary Clinton. “If they have not agreed to pull this programming prior to the start of the RNC’s Summer Meeting on August 14, I will seek a binding vote stating that the RNC will neither partner with these networks in 2016 primary debates nor sanction primary debates they sponsor,” Preibus said in a statement. In individual letters to CNN President Jeff Zucker and NBC Chairman Robert Greenblatt,
The Pentagon has placed its elite cadre of special operations teams on full alert to launch preemptive attacks against suspected al Qaeda targets across the globe, according to reports. The American special forces teams have spent the past week waiting for U.S. military and intelligence officials to confirm the whereabouts of the terror cell plotting to attack U.S. diplomatic outposts in the Mideast and North Africa. Unnamed sources told CNN on Monday that the teams were poised to carry out the preemptive strikes, but declined to comment on where the U.S. forces were located or which potential
Oprah Winfrey on Monday said the killings of Trayvon Martin and Emmett Till are the "same thing." This transpired during an interview with The Grio that aired on NBC´s Today show. OPRAH WINFREY: It´s so easy during this time: Trayvon Martin, Trayvon Martin parallel to Emmett Till, let me just tell you. In my mind, same thing. But you can, you can get stuck in that and not allow yourself to move forward and to see how far we´ve come. Really? Martin and Till are the same thing?
In an exclusive interview for The Grio, NBCUniversal’s African-American news and opinion website, Oprah Winfrey weighed in with her unvarnished thoughts on the killing of Trayvon Martin and the acquittal of George Zimmerman. Winfrey said that, in her mind, Martin’s murder and that of Emmett Till in 1955 – whose killers were also acquitted – were the “same thing.” However, she added that it is important to keep in mind how much race relations in America have progressed over the last half-century. In a clip of the interview which aired on NBC’s Today, Oprah told The Grio’s Chris
Two Republican senators said Tuesday that they´ve personally urged the Egyptian government to release Muslim Brotherhood prisoners, after hosting meetings with top officials in Cairo as part of an Obama administration-sanctioned visit. Sen. John McCain, R-Ariz., who is in Cairo along with Sen. Lindsey Graham, R-.S.C., made clear that the two U.S. lawmakers are representing the views of Congress and "do not speak for the White House." Still, they are among the most prominent U.S. representatives in the country this week, as a wave of international mediators tries to nudge the country´s military-backed government to resolve the standoff
NEW YORK — Why doesn´t Anthony Weiner just quit? It´s a question angry voters, pundits and fellow politicians have been asking almost nonstop in the nearly two weeks since the New York City mayoral candidate´s latest sexting bombshell, which has sent his poll numbers plummeting and turned his campaign into a chaotic sideshow. Weiner insists he´s staying in the race no matter what. And experts say that beyond the former congressman´s well-known ego and combativeness, his stance may just be rooted in political calculation. A leading theory: Weiner takes his hits on the campaign trail, gives the media a chance