SOLYNDRA WAS A SUCCESS !!!
The Executive director of the Department of Energy Loan program declared the loan guarantee a "ENORMOUS SUCCESS"
So lets take a look at the money we tax payers have lost to Obamas buddies.
Sun Power.....1.2 billion
Beacon Power Corp........43 billion
Ener Del.....53 million so far and is allowed to draw down another 60 million. They started with 250 employees and now they have 30.
Evergreen Solar.....50 million from Massachusetts that came from the Stimulus
Solar Trust of America........recieved a 2.1 BILLION Loan guarantee ( bankrupt)
Bright Source...........1.6 billion Loan Guarante FAIL
NGP Energy........A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid — faces financial problems, and the company’s auditors have questioned whether it can stay in business.
Abound Solar.....70 million
Ecotallity.......115 Million and under investigation by the SEC
A123 Solar............ Received 123 MILLION from the loan plan. It told investors it has about 5 months of Funds available until it has to Close shop
Ener1......118 million (bankruptcy)
Yeppers this is hope and change. Millions of Americans suffering for a lack of an economy and Obama hands out billions that are now history.
He must believe in the Trickle down economy: the money filters down in America, I hope!! Yikes, that's alot of taxpayers money; take from us and give it to who knows who.