Thursday, July 12

"An enormous success..."

As I keep saying: This just keeps getting better and better.

Latest example: An official in Obama's Dept of Energy appeared before a House committee today to testify about the infamous loan program that gave literally Billions of taxpayer dollars to companies that quickly failed--and were never good bets to begin with from a business standpoint.

And how did this official describe the results of this program?

He said it was "an enormous success."

Gateway Pundit noted that Frantz may have omitted some...uh...relevant details:
Frantz forgot to list the green companies that went belly-up since receiving Obama dollars. Heritage reported:

For those who only hear about these failing companies one by one, here's a list of all the "clean energy" companies supported by President Obama’s grants and loan guarantees that are now failing or have filed for bankruptcy. The liberal media hopes you’ve forgotten them, but we haven’t.

Evergreen Solar
SpectraWatt
Solyndra (received $535 million – now bankrupt)
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 that got $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 ($2.1 billion fed loan guarantee – now bankrupt)
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 we know of so far). We also know that loans went to foreign "green" companies (Fisker sent money to their overseas plant to develop an electric car), and that 80% of these loans went to companies founded or headed by President Obama’s campaign donors.

The Obama Administration calls this a success.

In fact, "An enormous success"....

And freedom is slavery, war is peace and Obama will give free health care to everyone.

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