Archive for the “Obama” Category

firedby Matthew Boyle

President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan.

According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.

Read the rest at the Daily Caller.

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nevada_geothermal_power_logoBy Eric Lipton and Clifford Krauss

In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil.

The company is Nevada Geothermal Power, which like Solyndra, the now-famous California solar company, is struggling with debt after encountering problems at its only operating plant.

After a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was “significant doubt about the company’s ability to continue as a going concern.”

It is a description that echoes the warning issued in 2010 by auditors hired by Solyndra, which benefited from the same Energy Department loan guarantee before its collapse in August caused the Obama administration great embarrassment.

Read the rest at the New York Times.

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corruptionBy Alexander Burns

President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.

Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4.

His investment firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri.

Republicans argue that it’s inappropriate for the Obama campaign to raise money from a donor who has benefited directly from the Recovery Act.

Missouri Republican Party executive director Lloyd Smith compared the situation to the Solyndra affair, in which the Obama administration reportedly rushed federal support to a green-energy firm that subsequently collapsed.

Read the rest at Politico.

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Obama's Gangsta Government

Those of us from Chicago know exactly what the Solyndra scandal smells like. And It doesn’t smell fresh and green.

By John Kass

The Solyndra scandal cost at least a half-billion public dollars. It is plaguing President Barack Obama. And it’s being billed as a Washington story.

But back in Obama’s political hometown, those of us familiar with the Chicago Way can see something else in Solyndra - something that the Washington crowd calls “optics.” In fact, it’s not just a Washington saga - it has all the elements of a Chicago City Hall story, except with more zeros.

The FBI is investigating what happened with Solyndra, a solar panel company that got a $535 million government-backed loan with the help of the Obama White House over the objections of federal budget analysts.

Obama and Vice President Joe Biden got a nice photo op. They got to make speeches about being “green.” But then Solyndra went bankrupt. Americans lost jobs. Taxpayers got stuck with the bill. And members of Congress are now in high dudgeon and making speeches.

Federal investigators want to know what role political fundraising played in the guarantee of the questionable loan. Washington bureaucrats warned the deal was lousy. And White House spokesmen flail desperately, like weakened victims in a cheesy vampire movie.

So forget optics. What about smell? It smells bad, and it’s going to smell worse.

Or, did you really believe it when the White House mouthpieces — who are also Chicago City Hall mouthpieces — promised they were bringing a new kind of politics to Washington?

This is not a new kind of politics. It’s the old kind. The Chicago kind.

Read the rest at the Chicago Times.

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china-lead-poinoningBy Erin Houst

As if the Solyndra and LightSquared controversies were not enough, another one of President Obama’s favorite companies pushing the green agenda is being investigated, this time in China.

Johnson Controls Inc., which is headquartered in Wisconsin and operates a battery manufacturing facility in Shanghai, has recently come under scrutiny by locals for excessive cases of lead poisoning in children living in the area. According to China Daily, 25 children in Kangqiao town are being treated for lead poisoning. The Johnson Controls plant, along with others in the area, has been shut down.

Read the rest at CDN.

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President Obama on Green Jobs at 2011 State of the Union Address

Obama Regime Steals Billions from Taxpayers – Blows it on Failed Green Projects

By Jim Hoft

The Obama Administration spent nearly half of the $38.6 billion ($17.2 billion) set aside for his green energy programs and was only able to create 3,545 permanent green jobs. This comes out to a staggering $4,853,000 per job.

Obama continued to push green energy initiatives in his 2011 State of the Union Address.

The Obama Administration has blown billions of taxpayer dollars on green energy and has only succeeded in producing a few thousand jobs.

Read the rest at the Gateway Pundit.

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solexelBy Amanda Carey

Despite Solyndra’s abrupt closing and bankruptcy announcement last month, the Department of Energy (DOE) is undeterred. Just this month, the agency made two more loan guarantees worth millions of dollars to alternative energy firms.And, as was the case with Solyndra, officials and investors with the two new companies have strong financial ties to President Barack Obama.

On September 7, the DOE announced its plan to guarantee 80 percent – or $275 million – of a $344 million private loan taken out by the firm SolarCity. The company installs rooftop solar systems that harvests electricity SolarCity then sells.

Read the rest at Daily Caller.

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