Wednesday, July 18, 2012

What Did Obama Do With Our Stimulus Money?



This is the list of all the clean energy companies supported by Obama’s stimulus that are now failing or have filed for bankruptcy.
  • Evergreen Solar
  • SpectraWatt
  • Solyndra (received $535 million)
  • Beacon Power (received $43 million)
  • AES’ subsidiary Eastern Energy
  • Nevada Geothermal (received $98.5 million)
  • SunPower (received $1.5 billion)
  • First Solar (received $1.46 billion)
  •  Babcock & Brown (an Australian company which received $178 million)
  • Ener1 (subsidiary EnerDel received $118.5 million)
  • Amonix (received 5.9 million)
  • The National Renewable Energy Lab
  • Fisker Automotive
  • Abound Solar (received $400 million)
  • Chevy Volt (taxpayers basically own GM)
  • Solar Trust of America
  • A123 Systems (received $279 million)
  • Willard & Kelsey Solar Group (received $6 million)
  • Johnson Controls (received $299 million)
  • Schneider Electric (received $86 million)


That’s 19 (that are known so far). Lloans went to foreign clean energy companies (Fisker sent money to their overseas plant to develop an electric car), and that 80% of these loans went to Obama’s campaign donors.

I do not see NRG on Heritage's list, but NRG Energy, loan guarantee of $1.237 billion, reported a loss of $109 million compared with a year-earlier loss of $15 million. (Source- MarketWatch)

Total 20, with 80 percent of the loans going to Obama campaign donors.