Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
“The company, Ener1, received a $118 million grant from DOE [Department of Energy] in 2010 as part of the president’s stimulus package,” writes the Heritage Foundation’s Lachlan Markay. “The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.”
"Today, Ener1 announced it was filing for Chapter 11 bankruptcy."
"Despite the generous federal support Ener1 received (Vice President Biden even visited Ener1, January 26, 2011, the day after the President pledged in his State of the Union address to put “one million advanced technology vehicles on the road by 2015” with the help of taxpayer funding), and like several other now-bankrupt energy companies, Ener1 was “racked by problems.”
As usual, there’s always a set of immunity charms for the privileged friends and family of the ruling class. When it comes to all the Green Robber Barons who’ve reaped an obscenely unfair share of billions of tax dollars from the Obama administration, the envy trumpeteers will be quieter than a nest of mute church mice.
Obama’s State of the Union address defiantly pitched a new round of clean energy spending orgies to help the “middle class.” But how have the serial bankruptcies and near-bankruptcies of several federally subsidized solar companies — all under Obama’s watch — helped anyone but an upper-crust elite of eco-crats and their lobbyists and consultants
Quote:
Originally Posted by HappyTexan
That's 2 down..how many more to go ?
Didn't we just give more money to a few new companies as well ?............
“The company, Ener1, received a $118 million grant from DOE [Department of Energy] in 2010 as part of the president’s stimulus package,” writes the Heritage Foundation’s Lachlan Markay. “The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.”
"Today, Ener1 announced it was filing for Chapter 11 bankruptcy."
"Despite the generous federal support Ener1 received (Vice President Biden even visited Ener1, January 26, 2011, the day after the President pledged in his State of the Union address to put “one million advanced technology vehicles on the road by 2015” with the help of taxpayer funding), and like several other now-bankrupt energy companies, Ener1 was “racked by problems.”
How much of that taxpayer money, $118 m, will be coming back. I see that they made deals with their stockholders but the US was just a bank for them and there is just as much coming back to us as Solyndra paid back. Poor old Barack must be laughing his hindend off thinking about how he screwed we the people.
So what's that $2 billion in cumulative losses to USA taxpayers?
Hey, its just money. Just taxpayer money. Not like we don't have more than we need, right?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Obama's Green Robber Barons
