Barack Obama - Tax-payer Investments in Green Energy

36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy.

This list includes only those companies that received federal money from the Barack Obama Administration’s Department of Energy.

1. Evergreen Solar ($24 million - Filed for Bankruptcy)
2. SpectraWatt ($500,000 - Filed for Bankruptcy)
3. Solyndra ($535 million - Filed for Bankruptcy)
4. Beacon Power ($69 million - Filed for Bankruptcy)
5. AES’s subsidiary Eastern Energy ($17.1 million)
6. Nevada Geothermal ($98.5 million)
7. SunPower ($1.5 billion)
8. First Solar ($1.46 billion)
9. Babcock and Brown ($178 million)
10. EnerDel’s subsidiary Ener1 ($118.5 million - Filed for Bankruptcy)
11. Amonix ($5.9 million)
12. National Renewable Energy Lab ($200 million)
13. Fisker Automotive ($528 million)
14. Abound Solar ($374 million - Filed for Bankruptcy)
15. A123 Systems ($279 million - Filed for Bankruptcy)
16. Willard and Kelsey Solar Group ($6 million)
17. Johnson Controls ($299 million)
18. Schneider Electric ($86 million)
19. Brightsource ($1.6 billion)
20. ECOtality ($126.2 million)
21. Raser Technologies ($33 million - Filed for Bankruptcy)
22. Energy Conversion Devices ($13.3 million - Filed for Bankruptcy)
23. Mountain Plaza, Inc. ($2 million - Filed for Bankruptcy)
24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million - Filed for Bankruptcy)
25. Range Fuels ($80 million - Filed for Bankruptcy)
26. Thompson River Power ($6.4 million - Filed for Bankruptcy)
27. Stirling Energy Systems ($7 million - Filed for Bankruptcy)
28. LSP Energy ($2.1 billion - Filed for Bankruptcy)
29. UniSolar ($100 million - Filed for Bankruptcy)
30. Azure Dynamics ($120 million - Filed for Bankruptcy)
31. GreenVolts ($500,000)
32. Vestas ($50 million)
33. LG Chem’s subsidiary Compact Power ($150 million)
34. Nordic Windpower ($16 million - Filed for Bankruptcy)
35. Navistar ($10 million)
36. Satcon ($3 million - Filed for Bankruptcy)

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

American Crossroads - Public Equity

President Obama is playing Wall Street games with our money.

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

Lurita Doan - Obama is the World’s Worst Investor

Barack Obama recently campaigned in Ohio about the importance of his policies, solar energy efforts. Solyndra, endorsed enthusiastically by Department of Energy and the president, declared bankruptcy less than 12 months after receiving Obama’s “investment” of $534 million dollars. Unfortunately, Solyndra was not Obama’s only poorly performing solar energy investment. Obama has, so far, lost over 2 billion dollars in poorly performing solar companies that, soon after huge infusions of taxpayer dollars, filed for bankruptcy protection.

Consider Obama’s investment in “green jobs”. After three and a half years and almost one hundred billion dollars of “investments”, Obama’s programs have been able to create only a few thousand jobs, certainly not the 5 million “green jobs” originally promised by the president. And, many of those few thousand jobs created are actually existing government jobs that have been re-categorized by Team Obama.

Consider Obama’s investment in “shovel ready” projects, which he promised would reduce unemployment dramatically and revitalize the engine of our economy. The only problem was that Team Obama didn’t understand their own government regulations, and they allowed themselves to be “snookered” into allocating Stimulus infrastructure funds for pet projects such as the San Francisco Harvest Marsh Mouse research. Two years later, the president admitted that perhaps he did not understand what it took to make a project shovel ready. Obama seemed to think it was a joke, but it turned out to be yet another bad investment for the American taxpayer. Unfortunately, the president’s $787 million dollar “investment” was lost—and the American taxpayer was, once again, left holding the empty bag.

Investment advisors in the private sector also are evaluated on the investments they passed on. For example, some of the investments that Obama decided to pass on were investments in the Keystone pipeline and additional nuclear energy plants, denying our nation energy independence and preventing hundreds of thousands of new jobs from being created.

Any way that Americans look at it, Obama’s record as an investor is appalling. He has blown through trillions of dollars of taxpayer money, added another 5 trillion dollars of debt and has little to show for all the spending. Time and again, his touted investments have gone bust, and never has he been able to achieve the returns he has promised. Curiously, despite these poor returns, the president continues to campaign on the promise of making even more “investments” for the American people.

In the private sector, when an investment advisor performs as poorly as Obama has, investors take their money and go elsewhere. Perhaps, in November, American voters need to follow that same example.

Let’s remember, too, that most investment prospectuses post a warning: “past performance does not guarantee future results”, but in Obama’s case, maybe it does.

Lurita Doan

Lurita Alexis Doan is an African American conservative commentator who writes about issues affecting the federal government.

Lurita has been involved in the business community through participation in many trade associations, membership in business organizations including the Young Entrepreneurs' Organization (now Entrepreneurs' Organization) and Young Presidents' Organization, and involvement on charitable community activities.

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

Michelle Malkin - White House Bullying Business?

"Spin, baby, spin. Throughout his frenetic jobs tour across the West this week, President Obama tried to seize the narrative. Republicans, he told champagne-sipping, tea party-trashing Hollywood moguls and tech titans, are intolerant bigots, know-nothings and thugs. They've made his hair "grayer" and left him "all dinged up."
But who's battering whom? Since Day One, Obama has been the Chicago bully in victim's clothing. The mask is wearing thin."
Michelle Malkin

September 28, 2011

---

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

---

President Still Touting Jobs Plan

Barack Obama's Economic Record.
1) First U.S. Debt Downgrade in American History.
2) Highest Level of Federal Spending since WWII (25% of GDP).
3) Highest Budget Deficit since WWII (10% of GDP).
4) Lowest level of Employment since 1983 (58.1% of Adults Working).

5) Highest Long Term Unemployment Rates since the 1930's (45.9% of Total Unemployed for Six Months or Longer).
6) Median Income Is At Its Lowest Level Since 1997.
7) Number Of People (over 16) Who Didn’t Work At All Last Year Increased To 86.7 Million.
8) Number Of Americans Living In Poverty (46.2 Million) the Highest Level On Record.
9) Child poverty rose from 20.7 percent in 2009 to 22 percent last year.
10) Economy added no jobs in August the first time since February, 1945.

Sep 17, 2011

---

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

---

Solar Company Touted By Obama Goes Bust

A California solar panel manufacturer which President Obama had made the poster child of his effort to expand the green economy and grow jobs has filed for bankruptcy, the company announced today.

Solyndra said “global economic and solar industry market conditions” forced it to abruptly shutter its Fremont, Calif., factory and immediately layoff more than 1,100 employees.

“Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion,” Solyndra president and CEO Brian Harrison said in a statement. “Raising incremental capital in this environment was not possible. This was an unexpected outcome and is most unfortunate.”

September 3, 2011

---

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

---