Another Solar Company That President Obama Gave Billions In Taxpayer Dollars Is Declared Bankrupt

Bad Barack Investments

Obama: okay, so maybe they didn't work

Solar Trust for America has been declared bankrupt by the Obama Administration, after the president gave the company $2.1 billion dollars in taxpayer money. Solar Trust for America is another of President Obama's green Company projects that has gone belly up.

The Judiciary Report has consistently warned against such initiatives, as the nation is currently not on solid financial footing. Amazingly, President Obama is not off these green companies and giving them large amounts of taxpayer money, though several of them have hit bankruptcy.

This is very unwise. This taxpayer money could be better used to create jobs in industries that are proven winners and moneymakers. It is a grievous mistake to keep pumping taxpayer funds into entities that keep failing. It is the definition of financial insanity.

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STORY SOURCE

Solar company bankrupt despite 'win-win' Department Of Energy loan

The Small Business Association Lacks Money To Help Americans While Solar Companies Given Billions Then Fail

Barack Obama

A friend asked me to research grants online for her and I was amazed at what I found. As many of you know, a few of President Obama's top campaign donors were given tens of billions of dollars in taxpayer funds to start solar companies that went on to fail in a major way between 2009-2012.

Yet, now when you check the Small Business Association (SBA), which for many years gave grants and training to people in America to start their own businesses, all you'll see is a message that states, "How do I get a small business grant? At this time, Congress has not set aside any monies for grants to start and/or expand a small business..." (http://www.sba.gov/content/how-do-i-get-small-business-grant).

I remember during the Clinton Administration, if you took a six week course with the Small Business Association and formulated a decent business plan during said time, the SBA would give you $5,000 to start your own business, which helped a lot of people and created revenue streams via entrepreneurial endeavors in America. The $20,000,000,000 President Obama gave to a handful of companies such as Solyndra, which all went on to fail in the solar industry, could have gone much further in the economy as smaller grants and loans at the Small Business Association.

Obama's business plan helped a few campaign donors that blew billions, when it could have helped thousands of entrepreneurs with a greater probability of success in local communities all over America. I have only one question. Why?

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Obama Referred To Newly Bankrupt Solyndra As "A Good Bet"

President Obama Was Ready To Give Solyndra $500 Million More After Finding Out The Company Was Failing

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resident Obama Nixes Canadian Oil Pipeline To America That Would Have Created Jobs And Revenues

President Obama Nixes Canadian Oil Pipeline To America That Would Have Created Jobs And Revenues

It's amazing that President Obama gave away $18,500,000,000 in taxpayer money to his campaign donors in the green/solar industries, for companies that have since filed bankruptcy and failed, laying off thousands, yet he nixes the Canadian Oil Pipeline to Texas in America that would have created jobs and revenue. Oil is a proven revenue source. Solar, though it is useful, is not. What is wrong with this picture.

Barack Obama

President Obama scrapping the pipeline is another example of his poor business acumen and terrible choices in the area of economics. This is not good business strategy. America cannot take another term of such poor decision making. President Obama has a bias against oil and gas, as it does not fit with his costly, failure prone green vision for America and it is burning a lot of business people in the nation and abroad. He is not being practical and it is costing America plenty.

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The Obama Administration Lost Billions In Taxpayer Money On More Green Companies That Failed (Video)

The Obama Administration Lost Billions In Taxpayer Money On More Green Companies That Failed (Video)

Green Doesn't Often Mean Green, As In Money

Obama, who has been signing the money away for three years, is a bad investor

Many believed the solar company, Solyndra, whose failure cost the American taxpayer $500,000,000, was the only failure in the sector that President Obama gave the nation's money to, but there's more. A CBS News report indicates the Obama Administration spent many billions of dollars in taxpayer money on other green initiatives that have failed.

The report states 80% of the U.S. Department of Energy's $20,500,000,000 budget, comprised of taxpayer money, went to President Obama's donors, on companies that failed and are in bankruptcy or facing it right now. Going green is good, but the government handled it the wrong way and for political reasons, in deeds that have now cost the U.S. taxpayers a significant amount of money added to the national debt.

These companies were green in another way, as in unproven and risky. For years the Judiciary Report warned in articles that Obama should avoid untried and unnecessary spending and even named green and solar initiatives in that category, as it would be a hindrance in getting the nation out of the financial crisis.

And though over 20 divisions of the U.S. government have been reading this website for years, including the White House, they did it anyway and ran head on into this calamity they were warned by this website would happen. It's amazing how some heads of state sign away the people's money said leaders could not earn or repay in their lifetimes. It is careless, reckless and arrogant.

Side Bar: Jesus Himself could have come down from heaven in 2008 and told Obama do not spend the people's money on these green companies, as it will put the nation further in debt to no good results and the first thing out of Obama's mouth would have been, "But they are my campaign donors..."

These corrupt campaign donors and those in Hollywood did not put Obama in office, the American people did in big numbers, but these rich and famous folks using the President are going to get him thrown out of office with their foolishness the nation is witnessing unfold online.

STORY SOURCE

CBS News: Obama’s 11 More Solyndras

In the wake of Peter Schweizer’s explosive revelation that 80 percent of the Department of Energy’s $20.5 billion in green energy loans went to President Barack Obama’s fundraisers and donors, CBS News is now reporting that the Obama Administration spent billions of taxpayer dollars on 11 more Solyndra-style loans to so-called green energy companies that have since gone bankrupt or are facing serious financial difficulty...

http://biggovernment.com

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Government Gullibility: Played For Suckers Or Was Solyndra A Front For Something Else

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Obama Slammed Again Over Stimulus As $500,000,000 Went To Building Cars In Foreign Nation (Video)

U.S. President Barack Obama is in more trouble, due to stimulus funds he issued that did not benefit America. It has been revealed, Obama gave a new company called Fisker $529,000,000 in taxpayer funds, via the failed stimulus, for the unit to build electric cars in Finland, rather than America. This resulted in U.S. taxpayer funds creating jobs abroad, rather than in America.

Barack Obama

Add this to the billions more in stimulus funds that did not stimulate the U.S. economy, such as Obama personally giving solar company Solyndra $500,000,000 in U.S. taxpayer funds, only for the company to go bankrupt shortly after and it becomes evident the president is not good with money or astute at making wise financial investments. America needs a president that understands business and trade and how to generate jobs and revenues.

STORY SOURCE

Car Company Gets U.S. Loan, Builds Cars In Finland