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View Full Version : Another taxpayer funded green energy bust



luvmylabs23139
01-27-2012, 04:09 PM
More taxpayer money flushed down the green toilet bowl!

Battery maker Ener1 files for bankruptcy


EnerDel received $118 million from the U.S. Energy Department to make batteries for electric car

http://www.indystar.com/article/20120126/BUSINESS/201260480?odyssey=mod|mostcom

Gerry Clinchy
01-28-2012, 09:38 PM
http://www.foxnews.com/opinion/2012/01/27/president-obama-if-youll-take-on-insider-trading-will-also-deal-with-crony/




I must say, however, I was disappointed that you called for reforming Congress, but not your administration.
In my book I point out that crony capitalism is a problem in the executive branch, too. (Maybe you skimmed over this part of the book?) In the State of Union address you continued to push government programs for green energy.
But in Chapter 5 of "Throw Them All Out," I demonstrated in great detail how your Department of Energy sent most of this money to wealthy individuals who funded your campaign in 2008.
I found at least 10 members of your national finance committee and at least a dozen bundlers who got sweetheart deals (http://www.foxnews.com/opinion/2012/01/27/president-obama-if-youll-take-on-insider-trading-will-also-deal-with-crony/#). (You can find the names in my book on pages 88, 100-1. I’m sure these names will be familiar to you. They are the same people who are currently raising money for your reelection.)
Yes, it’s good that you took on congressional insider trading. Thank you for doing so. But why not also deal with crony capitalism in your administration? I hope you are not going to use this push for reform just to score political points.

Sincerely,
Peter Schweizer

caryalsobrook
01-29-2012, 04:46 AM
Haven't you heard? the POTUS has created 2.4 million of these fobe!:rolleyes: