Remember when Obama distributed billions of dollars in green energy money, 80% of which went to his donors SOURCE while the corporations created to receive the money went bankrupt and the money vanished? SOURCE
Well, that same money laundering operation, which has already plundered $BILLIONS in tax dollars from the pockets of hard working American citizens, is back in operations. See:
JWK
"To lay with one hand the power of the government on the property of the citizen [a working person’s earned wage] and with the other to bestow upon favored individuals, to aid private enterprises and build up private fortunes___ Obama’s Green Energy SWINDLING DEALS, is none the less a robbery because it is done under forms of law and called taxation."_ Savings and Loan Assc. v.Topeka,(1875).
I blame the Republicans. Completely. Comer and Jordan have been sitting on the Biden Money laundering operation for weeks, months now years. Good Lord they move like snails. Dead snails. This Stooopid impeachment inquiry should have been done long before the debate. Why should we expect any different for Obama? These people are worthless.
Subsidies to build up the country’s industrial capacity to produce solar power generation to be able to out compete China… and I am supposed to be mad about it why?
No liberal believes they have anything. Could be that.
A quick question for you.
Do you want to know why the ENTIRE Biden Family was paid millions of dollars from foreign entities? Are you the least bit curious?
It is funny that there is guff about this but not when Trump met with 20 Petroleum executives to ask for $1 Billion to cover his legal expenses… I mean his campaign and he promised to cut taxes and regulations for them.
At least these subsidies are rebuilding American manufacturing and catching up to China in this sector.
The money is handed to donors, the corporations created to produce go bankrupt, and the money disappears.
Bankruptcies
Abound Solar: Spent $70 million of its $400 million DOE loan.
Beacon Power Corp: Received $43 million in federal loan guarantees in 2009 and also received $29 million in PA grants – Bankrupt in October 2011
Ener1 (parent company of EnerDel): Received $118.5 million in federal loan guarantees — Bankrupt in January 2012 – has since exited bankruptcy
Evergreen Solar: Received $58 million in MA loan guarantees (an undisclosed portion sourced from federal ARRA block grant) — Bankrupt in August 2011 with $485.6 million in debt
Solyndra: Received $535 million in federal loan guarantees in 2009 and $25.1 million in CA tax credit — Bankrupt in August 2011
SpectraWatt: Received $500,000 in federal loan guarantees in 2009 — Bankrupt in August 2011
Babcock and Brown: Received $178 million in federal grants in December 2009 (4 months after it went bust) – Bankrupt in early 2009
Mountain Plaza Inc.: Received $424,000 in federal grants through TN Department of Transportation in 2009 — Bankrupt in 2003 and again in June 2010
Solar Trust of America (parent company: Solar Millennium): Received $2.1 billion loan guarantee in April 2011 – Bankrupt in April 2012
Who told you that?