Posts Tagged With: United States Department of Energy

Energy loans official leaves in wake of Solyndra

Reuters
By Ayesha Rascoe and Roberta Rampton
Thur.10 06 2011

WASHINGTON (Reuters) – The Obama administration said on Thursday its top energy loans official was stepping down, following a widening probe into the embarrassing collapse of a solar panel company that got $535 million in federal support.

Jonathan Silver, a venture capitalist who had also worked for the Clinton administration, was leaving because the loan program has allocated all its funding, Energy Secretary Steven Chu said.

Silver’s departure, however, Continue reading

Categories: America, Democrats, government, Jobs, Lives, money, people, politics, taxes, unemployed | Tags: , , , , , , , , , | Leave a comment

Green Businesses and Cut-Throat Economies

By Bob L.
09/15/11

Think Green and watch them go Bankrupt after you bail them out.

[“On Wednesday, the bankruptcy of a solar power company in California with political ties to the Obama Administration appeared]

It seems that this is a standard policy of this administration to hand out hard-earned Taxpayer money with no return or interest.

Related articles

=====================================================================

John HaywardBy John Hayward
09/15/2011

A report at the Atlantic Wire on the growing scandal surrounding Solyndra begins, to be a story about the difficulties of nurturing green businesses in a cutthroat economy.”

Can someone show me where the Constitution authorizes the federal government to “nurture green businesses in a cutthroat economy?” 

When is the free market not cut-throat?  That’s a feature, not a bug.  One of its advantages is that stupid business plans get their throats cut, and die.  By contrast, there seems to be no way to stop President Obama from throwing billions of taxpayer dollars into “green energy” rat holes.  Even as congressional hearings into the Solyndra disaster got under way, the Energy Department was announcing Continue reading

Categories: America, Corruption, Democrats, government, Jobs, Lives, money, people, politics, taxes, unemployed | Tags: , , , , , , , , | Leave a comment

Blog at WordPress.com.