More Eco-Scam Failures on the Horizon: Obama Rushes to Close More Loan Guarantees

The braindead socialist empty suit just doesn’t get it.

The Obama administration is in a race against the clock to close by month’s end more than a dozen renewable-energy loan guarantees totaling $9 billion. Of that, just over $3 billion would come from the federal government’s coffers.

It now has to do that amid an escalating political battle over a federally backed solar company spiraling into bankruptcy and facing an FBI probe. President Obama once praised the company, California-based Solyndra, as “the true engine of economic growth.”

At a House hearing Wednesday, there was bipartisan concern about risking more taxpayers’ dollars on renewable energy projects that ultimately fail. While Republicans’ rhetoric was more heated, Democrats agree it is a critical issue.

Solyndra, the latest Obama eco scam to go tits up, paid $187,000 to lobbyists and cost  taxpayers $535 million.

Four other companies; Evergreen Solar Inc, SpectraWatt, Mountain Plaza Inc, and Olsen’s Mills Acquisition Co, also went bankrupt after Obama gave them millions as part of his craptastic “stimulus”. 

Another name has popped up in the scandal: Goldman Sachs.  The firm has quite a bit of influence in the Obama regime. Greg Craig, Obama’s first White House counsel joined the company, and Rahm Emanuel, his former Chief of Staff, was a paid consultant.

Last year, Goldman was sued  by the Securities and Exchange Commission  for defrauding investors, when it covered up financial problems with subprime mortgages as the U.S. housing market collapsed. 

Sound familiar?

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