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Old 10-08-2012, 12:33 PM
 
5,787 posts, read 3,981,060 times
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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 before the company suddenly closed its doors and went bankrupt.

The district attorney in Weld County has now opened a criminal investigation into Abound, as its business practices and its products look more and more suspicious.
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Old 10-08-2012, 12:36 PM
 
Location: Austin
29,563 posts, read 16,543,451 times
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Quote:
Originally Posted by jt800 View Post
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 before the company suddenly closed its doors and went bankrupt.

The district attorney in Weld County has now opened a criminal investigation into Abound, as its business practices and its products look more and more suspicious.
Crony Capitalism at it's finest.

We should end ALL government welfare including corporate welfare. We don't need government picking winners and losers.
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Old 10-08-2012, 12:39 PM
 
Location: The #1 sunshine state, Arizona.
12,172 posts, read 15,483,900 times
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Quote:
Originally Posted by jt800 View Post
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 before the company suddenly closed its doors and went bankrupt.

The district attorney in Weld County has now opened a criminal investigation into Abound, as its business practices and its products look more and more suspicious.
Our tax dollars at work.
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Old 10-08-2012, 12:39 PM
 
Location: Here
10,898 posts, read 11,963,269 times
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This Administration is a J-O-K-E.
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Old 10-08-2012, 01:50 PM
 
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As Mitt Romney told Obama: You gave like 50 years worth of financial aid to green companies in comparison to what oil companies get in subsidies.
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Old 10-08-2012, 01:59 PM
 
Location: Los Angeles
14,375 posts, read 7,990,878 times
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Quote:
Originally Posted by jt800 View Post
As Mitt Romney told Obama: You gave like 50 years worth of financial aid to green companies in comparison to what oil companies get in subsidies.
And Obama had nothing to say about it. He got Mitt slapped with the truth.
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Old 10-08-2012, 02:19 PM
 
Location: NJ
16,995 posts, read 11,869,207 times
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clear case of money laundering by Obama...
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Old 10-08-2012, 02:20 PM
 
17,028 posts, read 9,582,610 times
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Originally Posted by Roadking2003 View Post
Crony Capitalism at it's finest.

We should end ALL government welfare including corporate welfare. We don't need government picking winners and losers.



Well just the losers for now.
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Old 10-08-2012, 02:22 PM
 
5,787 posts, read 3,981,060 times
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Originally Posted by bluesjuke View Post
Well just the losers for now.




That was one of Mitt's best lines against Obama....you only pick the losers!!!
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Old 10-08-2012, 02:26 PM
 
8,097 posts, read 4,437,530 times
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Kracer is right. When is a donation, not a donation? Why, when the donation comes back dressed up as a pretty subsidy package. Oil company subsidies, tax credits kind of pale in comparison.

The real perversion is that Al "Jabba the Hut" Gore and Barack "The Street Hustle" Obama both won Nobel Prizes. Something is wrong with this world, and it is not global warming.
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