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Another Obama Green-Subsidy Recipient Under Criminal Investigation


Green Lifestyle  (tags: politics, Green Lifestyle, society, environment, business, green )

Cam
- 561 days ago - hotair.com
Will Abound Solar be the next Solyndra? The Obama administration gave the Colorado solar panel manufacturer $68 million in subsidies -- a down payment on almost $370 million approved by the Department of Energy -



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Comments

Paula M. (39)
Monday October 8, 2012, 12:11 pm
It is not enough, as President Obama seems to think, to support green energy by throwing money at it (usually so that it lands in the laps of his political supporters). The President's misuse of our public money shows the danger of this attempt at central planning.
 

Carol Dreeszen (368)
Monday October 8, 2012, 10:57 pm
Where is the justice system for these crimes this man has committed on the American people!? Pathetic! He is all about paybacks for supporting his campaign!!
 

Mary S. (1)
Tuesday October 9, 2012, 5:21 am
Good Heavens, you people who think the President sits in his office and has nothing better to do than push thru individual projects he cares about. Before complaining, learn abit about US govenment. The House of Representatives (Republian control) sets the money bills, not the President.
 

Seda A. (4)
Tuesday October 9, 2012, 8:18 am
noted
 

monka blanke (74)
Tuesday October 9, 2012, 1:21 pm
As Mary says: " The House of Representatives (Republian control) sets the money bills, NOT the President."
 

Deborah W. (6)
Tuesday October 9, 2012, 1:31 pm
Like attracts like .... 'nuf said!
 

Karin B. (31)
Tuesday October 9, 2012, 1:53 pm
May I point out that those countries that have heavily subsidized green energy (i.e., solar and wind), are by now dealing with very successful providers of green energy. In Germany, for example, 45% of all energy is produced by green providers (http://www.n-tv.de/politik/Regierung-baut-vor-article7228046.html). They are so successful that the German government has stopped all subsidies. The cost of producing green energy is--by now--much lower than that of providing energy from coal- and gas-fired power plants. By so much, as a matter of fact, that providers of coal- and gas-fired power plants want to get off the German grid because providing energy to Germany is not profitable for them anymore. Even though the supply of green energy has increased tremendously during the last couple of years, the German government worries about a shortfall during the winter months when people use more energy and are now stepping in to prevent providers of traditional energy from exiting the market.

And all you hear from energy providers in the U.S. is that it is too expensive to get into green energy, it is not profitable to provide green energy, we can't afford it. Since we allow these companies to refuse to join the rest of the world in the 21st century our future competitiveness is at stake. We are going to be the dinosaur who is too lazy and stupid to change with the times. Energy companies in the U.S. are among the biggest polluters AND they hold us back. In my book that is extremely UNPATRIOTIC. And most of their supporters are Republicans, which tells me a lot about hypocrisy. I am not saying that the Democrats are basking in glory, but they are slightly better than the Republican in this aspect.
 

Past Member (0)
Tuesday October 9, 2012, 2:43 pm
This has been one long give-away of tax dollars to cronies since at least the Reagan and Wackenhut days.
 

Amy Stotler (9)
Tuesday October 9, 2012, 5:41 pm
It is terrible that a company would defraud our government of money in the name of such a necessary cause as the implementation of solar energy. It is a deplorable act and I sincerely hope these claims are unfounded. I realize there are people who would do this intentionally, but it does not mean that every one asking for money for similar circumstances is as heinous. Cleaner energy sources are necessary and solar panels are an excellent source of alternative energy. There are legitimate companies who are producing these solar panels with good intentions and are not fraudulent. My biggest fear is that the mistakes of few will cost all of us the benefits of what several better people could have accomplished. Thank you for sharing this.
 

Ann Breeden (65)
Tuesday October 9, 2012, 6:05 pm
Thank you Mary S.. for pointing out that the Congress sets the money bills and that it is currently being held captive by said Republicans. They've voted against every bill that makes any sense, put forth by Obama. We need a Democratic Congress that has the interests of the American people, who, if they haven't forgotten, are there by and for the people.
 

Pamela D. (16)
Tuesday October 9, 2012, 9:21 pm
Wherere the examples where this was a success. How many companies received these subsidies? It almost seems like sabatoge by outside influences...like big oil? I agree an investigation is warranted.
 

Lloyd H. (46)
Tuesday October 9, 2012, 10:48 pm
Wow, an article written by Ed Morrissey the favorite blogger of National Republican Senatorial Committee, on HotAir.com that Grand Nut Case Michelle Malkin founded and was CEO of until she sold it to Salem Communications a reich-wing Christian Broadcast company that aside from HotAir.com, also has GodTube.com, LightSource. com, CrossDaily.com, others and a host of Political Christian Radio Stations.
You know I just love the "Solyndra" example which the Repug/Tea Bagged never mention was vetted and already OKed for the loans by the BUSH Administration before Obama was even elected.
It is also not much of a surprise that Morrissey, HotAir, and the Repug/Tea Bagged fail to mention that the reason for About Solar declaring bankruptcy was that Chinese companies were selling their panels in the US below cost, which they could do due to the Chinese government not only subsidizing the company but manipulating Chinese currency. And if the US house wants to recover $70 Million all they have to do is cut the funding for One Hour of the Defense budget and they will be ahead about $6 Million.
Once again Cam re-spewinging reich-wing talking points back across the Canadian border.
 

Cam V. (417)
Wednesday October 10, 2012, 3:37 am
Actually this demonstrates how little you know LLoyd. The Bush administration DID indeed consider Solyndra but in the end TURNED IT DOWN BECAUSE THEY CONSIDERED IT TO BE A BAD RISK. The Obama administration took it up again and approved it - later we were to find out there was more to this - In fact a lot of money had exchaged hands during the election. Partisan? Yep.
 
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