Sunday, January 15, 2012

Solyndra Just The Tip Of The Iceberg



Solyndra is just the tip of the iceberg. According to a report from left-wing CBS News, the Obama Department of Energy handed over at least 6.5 billion in our hard-earned tax dollars to so-called "clean energy" companies that have already filed for bankruptcy or are in the process of going down the tubes.

Five have already filed for bankruptcy: Beacon Power, Evergreen Solar, Spectra Watt, AES, AES, and Solyndra.

Several others are not far behind; Nevada Geo Thermo (NGP), personally endorsed by Harry Reid, was the recipient of 98.5 million in loan guarantees. Sun Power received 1.5 billion after a French oil company took it over, and now owes more than it is worth. First Solar receive 3 billion in loans even though the CEO was forced out.

Watch the video for more details. Hat tip to ironicsurrealism.com.
Posted By: Chris Carmouche