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Marxist-in-Chief wasted Millions of Taxpayer money | by Moneypenny 008
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Marxist-in-Chief wasted Millions of Taxpayer money

 

Green Energy | D.O.E. Grant/ Loan |Bankrupt | Political Contributions

 

 

Solar Trust of America | $2.1 billion | Apr 2, 2012 | costing u.s. $0 | $890,000

 

 

Solyndra | $535 million | Sep 6, 2011 costing u.s. $385 million | $1,500 Obama

$1.42 million Lobbying

 

 

Abound Solar | $400 million | June 28, 2012 costing u.s. $40 to 60 million | $80,000 Lobbying

$172,800 Obama

 

 

 

Ener 1 | $118.5 million | Jan 26, 2012 costing u.s. $55 million | ?

 

 

Beacon Power | $43 million Loan $25 million Grant | Oct 30, 2011 costing u.s.$8.5 million | $500 Obama $55,400 Obama

 

 

AES Energy Storage LLC | $17.1 million | Dec 31, 2011 costing u.s. $17.1 million | ?

 

 

Amonix Solar | $15.6 million | Jul 18, 2012 costing u.s. $15.6 million | $7,100 PAC $700,000 Obama

 

 

SpectraWatt | $500,000 | Aug 19, 2011 |?

 

 

Totals | $3.25 billion | $532 million | $3.32 million + ?

___________________

 

 

In addition, three more Solar Scandals could be brewing from corporations who received Stimulus Subsidies from Obama's D.O.E.

 

After receiving a $3 billion loan guarantee, First Solar was "the biggest S&P 500 loser in 2011." First Solar furloughed half of the 240-person workforce at its Antelope Valley Solar Ranch One (AVSR1) power plant on May 30, 2012. First Solar was was an early investment of Goldman Sachs who gave more than $1 million dollars to Obama's 2008 campaign.

 

 

Brightsource received a $1.6 billion loan guarantee and posted a string of net losses totaling $177 million.

 

SunPower received a $1.23 billion loan guarantee and owes more than it was worth as of January 2012.

 

The Marxist philosophy of wealth redistribution has never worked.

 

According to Peter Schweizer, 80% of DOE Green Energy Loans Went to Obama Backers...

 

"$16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama's National Finance Committee, or large donors to the Democratic Party." - Peter Schweizer, 'Throw Them All Out

 

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." -- Winston Churchill

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Taken on October 11, 2012