- Posts: 1688
- Thank you received: 0
Topic Author
Please Log in or Create an account to join the conversation.
Tax dollars backing some "risky" energy projects
(CBS News) WASHINGTON - Solar panel maker Solyndra received a $528 million Energy Department loan in 2009 - and went bankrupt last year. The government's risky investment strategy didn't stop there, as a CBS News investigation has uncovered a pattern of cases of the government pouring your tax dollars into clean energy.
CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra.
Others are also struggling with potential problems. Nevada Geothermal -- a home state project personally endorsed by Senate Majority Leader Harry Reid -- warns of multiple potential defaults in new SEC filings reviewed by CBS News. It was already having trouble paying the bills when it received $98.5 million in Energy Department loan guarantees.
http://www.cbsnews.com/8301-505263_162- ... -projects/
Please Log in or Create an account to join the conversation.
Drop in the bucket, but I still heard it go ping.
Please Log in or Create an account to join the conversation.
LadyJazzer wrote:
Drop in the bucket, but I still heard it go ping.
:thumbsup:
Well said...
Please Log in or Create an account to join the conversation.
Topic Author
Please Log in or Create an account to join the conversation.
Topic Author
The Liberals GOP Twin wrote:
LadyJazzer wrote:
Drop in the bucket, but I still heard it go ping.
:thumbsup:
Well said...
Yea... ping like flushing taxpayers money down the toilet.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Popcorn Eater wrote: I think every time I bring this up in a thread with conservatives they just stop posting ...even if they posted earlier because they felt like they had no one to talk to. I promise to not even respond, if someone would just give me some detail on how this jives with the conservative philosophy, I thought you just don't take other people's property or wealth against their will, especially in such large numbers.
Please Log in or Create an account to join the conversation.
Popcorn Eater wrote:
[snip]
I figure after putting close to a quarter million into other people's kids eduation "for the future of the country", I fell just ever so slightly ok with some investment.
[snip]
Please Log in or Create an account to join the conversation.
LadyJazzer wrote:
Popcorn Eater wrote: I think every time I bring this up in a thread with conservatives they just stop posting ...even if they posted earlier because they felt like they had no one to talk to. I promise to not even respond, if someone would just give me some detail on how this jives with the conservative philosophy, I thought you just don't take other people's property or wealth against their will, especially in such large numbers.
[crickets chirping]....
Wow, you're right...
Please Log in or Create an account to join the conversation.