GREEN SCAM: 80% of Green Energy Loans Went to Obama Donors – 19 Companies Went Bust (Video)

80% of Green Energy loans went to Obama donors.
The FOX News analyst says 70% in the video but actually 80% of DOE dollars went to Obama backers. 19 of these green energy companies went bust.

And, it’s expensive.
Solar power is 35¢ per kilowatt compared to coal, gas and oil that costs 5¢ per kilowatt.

Here’s a list of the green companies that have gone belly-up since receiving Obama dollars.
Heritage reported:

For those who only hear about these failing companies one by one, the following is a list of all the clean energy companies supported by President Obama’s stimulus that are now failing or have filed for bankruptcy. The liberal media hopes you’ve forgotten about all of them except Solyndra, but we haven’t.

Evergreen Solar
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 we know of so far). We also know that loans 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 President Obama’s campaign donors.

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  • Patty

    How President Obama’s Bureaucratic Investments Kill Jobs


    The Obama Department of Energy extended a $2.1 billion “investment” — a loan guarantee — to green-tech company, Solar Trust of America, which declared bankruptcy last month. He lost another $530 million on Solyndra, a start-up where executives were making lucrative salaries, plus bonuses.

    And for all the President’s promises of millions of “green jobs,” few have appeared. The White House claimed its “investment” in Solyndra would create 4,000 jobs, but at its height, the company employed just 585 people — and then it went bankrupt. The cost? Almost $1 million per temporary job.

    The $34 billion Obama has on his loan guarantee program for green energy startups exceed the GDPs of 104 of the world’s countries, but the sources he’s focusing on account for only a tiny fraction of America’s energy production, and they’re still not cost-competitive.

    His stimulus package, too, was an indiscriminate “investment” which added $800 billion to our debt — and a failure by any reasonable standard.

    If President Obama wants to make Mitt Romney’s experience as a private investor “what this election will be about,” it can only highlight this dysfunction of his bureaucratic model for job creation compared to private capital.

    Private investors risk their own money because they think an enterprise will succeed, earning them a positive return. That’s what the word “investment” means.

    And because they have their own resources on the line, private investors carefully pick companies that offer products and services other people actually want — things for which there is a demand. That’s how they hope to earn a profit.

    Enterprises for which there is genuine demand are able to grow and employ people. So in addition to creating something others find useful, they create jobs as well.

    Private investors do not, in general, purchase failing companies intending for them to go out of business. Since failing companies do not earn money, such a venture would work against their goals.

    And because their own money is at risk, private investors monitor closely how their company is being run and intervene if they feel their funds are bring used unwisely or in ways that don’t contribute to the business’s growth.

    Bureaucratic investment works on assumptions that are almost exactly the opposite.

    Bureaucratic investors use other people’s money, taken by force, and give it to companies with no expectation of a positive financial return. These “investments” are, to all appearances, indistinguishable from reckless spending.

    In fact, the bureaucrats are probably aware that their “investment” is highly risky and unlikely to be profitable, since if it weren’t, the venture would be able to attract private funding rather than needing a government handout.

    Indeed, it is bureaucrats who at times “invest” even when advised emphatically that a business is likely to fail (as those in the Obama administration were warned about Solyndra).

    Because they are using the taxpayers’ money, bureaucrats are not overly worried about whether the business they’re funding offers products or services that other people actually want to buy.

  • Robodog7

    No suprise there, this is the most corrupt administration in U.S. history. We have added $5 T in new debt to show for it.

  • Economan

    Once again we taxpayers are left holding the bag after more incompetence from Obama. Of course he doesn’t care if the money disappears, it’s not his. Only he benefits in the eyes of his stupid green base that he “did something” about the environment even though it didn’t amount to anything. To the left, throwing money at a “problem” is all that is needed to become a liberal “saint” in their eyes. The reality of the situation is that we’re in the hole for many billions and we are in worse shape than when he took office. My question is: where did that money go? My guess is that is was diverted to the left’s Socialist causes or Obama’s re-election.

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  • Redwine

    The regime’s Green scam is an enormous money laundering operation. It dwarfs Madoff’s pyramid thievery, especially since it has stolen, and continues to steal, taxpayer money – OUR money – for the regime’s special interests. The whole lot of them, from Comrade Barry to his czars, satraps and cronies. need to face prosecution and punishment under the law, once we get the criminal Holder arrested for his numerous crimes and clean out the (in-)Justice Dept.

  • dba…vagabond trader

    Went to his donors and magically reappeared in Husseins campaign chest.

  • USMC Thomas

    SØBama’s GreenGate

  • lizzy84

    oBama rewards big bundlers with jobs, commissions, stimulus money, government contracts, and more…

    Corrupt to the core..and the media continues to give their Messiah a pass.

  • jainphx

    Nothing new here, except that Obama is out in the open with his thievery, it’s the Chicago way. The Chicago way is to do what you damn well please, and dare anyone to stop them. How much are we out? A trillion, two trillion, aah but whose counting. I must ask, how did Obama become a millionaire? He never had a job, his books sold maybe 100 copies. I guess this is one of those things that make you say “what the hell happened”

  • Mark W

    One thing that needs to be said here is how misleading the 80% figure is. It certainly doesn’t mislead anyone as to the ratio of loans that went to Obama donors, but it leaves us with the impression that 20% of the loans went to McCain donors or Republican party officials. It is far more likely that the remaining 20% went to people/companies that did not donate at all. The story should be updated to reflect that NONE of the loans were made to Republican party operatives if that is the actual case. If some percentage of the loans were actually made to supporters of Obama’s opponents, we should be told whatever that figure actually is.

  • The way I see it the Green Scam is the newest delusional propaganda initiative. The last one was White Guilt, which immobilized many people from stopping practices (such “affordable housing”) that were obviously risky or detrimental. The Green Scam will coerce people to vote for or support practices that will eventually impoverish them and surrender their liberty, all in the name of what’s fair for everybody or good for the planet. Perfect example: consenting to paying 35 v. 5 cents per kilowatt.

    People make decisions based on their attitudes, which are based on their thoughts, which are based upon impressions in the mind (both conscious and subliminal) which may or may not be true, but if constant enough will do the trick. The liberal media complex in the US is unsurpassed in this kind of mind control and it takes conscious rejection and the will to resist to not be overcome by it. Otherwise it slips right in. / My 2 cents.

  • jainphx

    I still think ( you might want to call me a conspiracy nut ) that Obama had something on McCain. I mean how else do you explain the worst campaign in American history. It seemed at times that he was actually campaigning for Obama.

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  • just bob

    McLame was and still is a fool whose only smart thing he ever did was say i do.

  • Blacque Jacques Shellacque

    80% of Green Energy Loans Went to Obama Donors

    I believe that spells C-O-R-R-U-P-T…

  • StrangernFiction

    He’s not a bad guy, he’s just incompetent.

  • dt

    this Green Scam is a pure money laundering operation!

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  • sandy

    Perhaps The Justice Department should investigate this — oh yeah more chance of seeing pigs fly. Bet a lot of top Dems are frustrated with Obama and the left and want to take the party back to the center. The party reeks of corruption.

    Obama gave us pay for play Chicago style politics. He must be so proud.

  • Well, duuuuh! We already knew that ALL the money, not just the money he stole for the “clean energy” companies was for his supporters. That includes states that voted Democrat, he sent money to them to offset their budget shortfalls, districts, he sent money to them to pay back Democrats campaign debts, Democrat candidates who won or lost, he sent them money to pay back their campaign debts, expenditures, etc., unions, he sent them money to fund their pension funds that weren’t fully funded because of those mean Republican governor’s who wouldn’t support the sorry butt unions. And on, and on, and on. He has spent trillions of dollars paying back all the Democrats, people, states, anyone, everyone who was Socialist/Communist, Marxist, you name it he sent money to them.

    And the problem with that is, he used taxpayer money to do all of that. What, we owe money back that we’ve already paid into the system?? That doesn’t make any sense, and it’s criminal. He is not supposed to use taxpayer monies to pay back personal debts be they his personal debt, states, unions, companies, anyone, no one. It’s a crime….period! But, nobody is doing anything about it, so what can we do other than contact our representative and tell them not to let the money be paid out to who Obama wants that money spent on. NO ONE AND FOR NOTHING OTHER THAN WHAT THE CONSTITUTION SAYS HE SHOULD.

    As far as I am concerned the American people don’t owe a dime that is money spent outside the Constitution. That means all the money that the Constitution says we’re supposed to spend our money on, we don’t owe.

  • sandy

    This reminds me of the movie Brewsters Millions where the guy has one month to get rid of $10 million in order to inherit billions. Obama doesn’t care who he gives this money to as long as it disappears out of our treasury.

  • I didn’t mean to say that in the last sentence. I meant any money outside of what the Constitution, we don’t owe. I don’t give a damn what, all these years the Democrats have been spending money, if it’s not what the Constitution says we’re to spend money on we can’t owe because it’s illegally funded. Illegally would mean if it’s not for something that the people are supposed to take care of themselves and the Constitution is clear on what is to be spent, that’s it, we’re not supposed to spend any more for other reasons. I understand “appropriations” but if it’s for something the Constitution says “nix” on, and the Democrats take some money from somewhere, like they cut some authorized funding and take the money and spend it on something illegal, and then later on they come back and claim we owe the money, that’s a lie, we don’t owe the money because it’s outside of the Constitution. The only money we owe is a income tax and that is only if you signed the W-2 form at your place of work, and if you didn’t you have to be responsible for nothing but Social Security, but only if you have a business license. If you don’t, then you don’t owe a dime.

    See, the law that nobody talks about is the fact that, yes, we do have to pay a income tax but since it’s against the law to create a “income tax” outside what tax the Constitution says is a authorized tax, the lawmakers made the tax “voluntary”so the Supreme Court would pass it. That means if you elect NOT to sign the W-2 form when you have been hired by someplace, then you are NOT responsible for paying the income tax. Did any of you know that? But what Democrats did was they passed a law that said they have to collect all “applicable” taxes from EVERY employee they hire. If they allowed people to opt out of having the income tax taken from their paycheck like the law says they have the right to do, the government would take the tax out of that companies proceeds. In other words every company has to pay the income tax on every employee, so the company forces you to sign the W-2 form so the tax doesn’t come out of their pocket. That is forced taxation and it’s against the law because it takes the right to not have to sign the W-2 from them. Then the lawmakers added Social Security tax on top of that. So we’re paying tax we shouldn’t have to pay, but do because otherwise we couldn’t get a job.

    Catch 22 anyone?

  • #21 Sandy,

    Yeah, Sandy, I’ve seen that movie. And one way he thought of to get rid of a bunch of it was to run for political office as “None of the Above”. Wasn’t that what he called himself? Or something like that. That’s what I wish we could do and that is vote for “none of the above” and no one is elected President. Just make the Congress and Senate hash out all the laws and put them into law by a unanimous vote in favor, like a Parliment. But even a parliment has a Prime Minister, and in Russia they have both a Prime Minister and a President. That’s weird.

  • Sparky

    The companies were never meant to be profitable. This completely intentional by Obama. The only goal was to find a way to funnel money to reward his major campaign contributors and bundlers.

    Americans were asleep at the switch and the Chicago thug machine took the WH. The fallout will continue and will be huge!

  • Obama’s spending illegally our tax money when it is plainly against the law, is the reason why I say that Obama needs to be prosecuted for his crimes, like any other criminal. Except in his case he needs to be prosecuted for lying about being a “natural born” citizen. He should spend about twenty years in prison then when he gets out, he should be deported back to Kenya. In the meantime his wife who is a Socialist should have her citizenship revoked and deport her to the country of her husband, which is Kenya, not fricking Hawaii. Oh no, she doesn’t get to lay out on the beach waiting for Barack to get out of prison, oh no. Her butt goes to Kenya so that she can get herself employed to prepare a home for her husband when he gets out of serving time for his crimes. And he is not allowed to ever come back to this country ever again, nor will he have any business here in America for any reason or back door method either. Just cut him off completely.

  • Patty
  • Patty

    In other words, what these radical want they seem to get. Whether we like it or not. Is that the attitude in our nation today.

    Nothing gets done that is bi partisan or fair. Nothing gets done for this nations employment. Many will no longer have unemployment checks, then what, crime, homeless walking the streets is large groups, children dirty and home will be the norm. What is it with Obama and Holder, where is their true compassion.

    Crime, I fear will be on the rise. People can only take so much until the break.

  • Patty

    OT Sort of:

    Pathological Liars Disregard Integrity

    Among liberals, integrity and honesty seem to be little more than campaign slogans. Warren and Obama have no reservations about lying when it comes to their past or personal history. Ms Warren is once again caught up in her own lies and the MSM and the Liberal faithful seem to be unconcerned; actually, they are repeating the lies without fact checking, but the rest of America is wondering if they are willing to trust another pathological liar in a position of authority.

    The day after she announced her candidacy for U.S. Senate, Democrat Elizabeth Warren told the convocation at UMass-Boston: “My grandmother drove a wagon in the land rush to settle territory out west. It was 1889, she was 15 years old…She lived to be 94, to see her youngest grandchild, that’s me, graduate from college…”. Warren’s maternal grandmother died in 1969, the year before Warren graduated from college, and her paternal grandmother was only 2 years old in 1889.

    Obviously, Ms Warren didn’t major in math and figures the rest of us can’t do simple arithmetic, but perhaps the story of her grandmother is a composite of women, much like the story of Obama’s girl friends in his fanciful biography. {..}

    Pathological liars, most certainly this was written for Obama and Americans are sick of the cheat, liar and spender.

  • jainphx

    Does anyone know what happened to all those papers taken from Solyndra by the FBI in that raid. I said at the time they would just disappear. What if anything do we know.

  • BurmaShave

    #24 Sparky commented:

    “Americans were asleep at the switch and the Chicago thug machine took the WH. The fallout will continue and will be huge!”


    I pretty much agree with you; but I would add that there was also a very deliberate effort on the part of the media to hornswoggle America.

    I always point out the REAL VILLAIN is the DNC media, not Obama; he is merely their Frankenstein creature, and their agent.

  • Patty

    OT mo BARF ALERT…………..

    The Devil Wears Obama: Anna Wintour Offers Chance of Mingling With Rich and Fashionable

    Are you rich and famous and very fashionable? Probably not but good news! Anna Wintour, the editor of Vogue magazine, has invited a couple of you peons to experience a momentary thrill in your dull lives by hanging out with the glitterati at an exclusive New York fundraiser for Obama. Here is Wintour, on the heels of yet another terrible economic report, making her offering to briefly breath the same air as the liberal elite:

    Hi, I’m Anna Wintour. And I’m so lucky in my work that I’m able to meet some of the most incredible women in the world, women like Sarah Jessica Parker and Michelle Obama. These two wonderful women and I are hosting a dinner along with the president in New York City to benefit the Obama campaign on June the 14th.

    And here is Wintour, upon whom the character of Miranda Priestly in The Devil Wears Prada was based, opening up the possibility of mingling with the fashionistas:

    It will be a fantastic evening and you can join us. We’re saving the two best seats in the house for you but you have to enter to win. You can enter right now by going to

    Sarah Jessica and I both have our own reasons for supporting President Obama but we want to hear yours. So please join us but just don’t be late.

    That Wintour pitch, coming in the middle of tough economic times, seems to have the same feel as Marie Antoinette offering a couple of peasants a chance to hang out with King Louis XVI and the aristocrats just as the Bastille was being stormed.

    The most amazing thing about this Wintour video was it was actually released to the public by the Obama campaign itself. Perhaps they wanted to supply us with more comedy material.
    Share this

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  • BurmaShave

    The possible good news here that this major scam scandal just might significantly discredit the Green movement, which has been wrecking our country — for our own good, of course — for decades.

    Drill ANWAR!

  • Patty
  • Patty

    Soros holds all the Oil and Obama likes it that way. So, does Soros!! 🙁

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  • Little David Puddy

    Bernie Madoff got 150 years in prison, but compared to Obama, Madoff is a small time crook. However, Obama is not the problem. The real problem is an electorate so incredibly stupid and dependent on the the government that they elected Obama in the first place and may do so again. It’s no coincidence that as a nation, we are statisically dumber than we have been in decades yet Obama still appeals to half of the electorate.

  • kato

    That’s news to me that Johnson Controls and Schneider Electric are failing companies. The fact is, it’s completely false.

    Schneider, I believe, just got taken over at a very rich price by Eaton Corp.

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  • GP Fan

    #29 June 2, 2012 at 2:19 pm
    jainphx commented:

    “Does anyone know what happened to all those papers taken from Solyndra by the FBI in that raid. I said at the time they would just disappear. What if anything do we know.”

    I had forgotten about that. Which is exactly what they wanted to happen.

    #5 June 2, 2012 at 11:59 am
    Redwine commented:

    “The regime’s Green scam is an enormous money laundering operation. It dwarfs Madoff’s pyramid thievery, especially since it has stolen, and continues to steal, taxpayer money – OUR money – for the regime’s special interests. The whole lot of them, from Comrade Barry to his czars, satraps and cronies. need to face prosecution and punishment under the law, once we get the criminal Holder arrested for his numerous crimes and clean out the (in-)Justice Dept.”

    That’s what should happen. But, as the quote above implies, and as F&F and all the other illegal injustices of this shameful DOJ and this out of control dictator and illegal admin and the hundreds/thousands of unconstitutional/illegal things they all did/do, and because most of the rest are just self enrichment enablers, nothing will happen. There appears to be no justice to be found anywhere in our country anymore. Except maybe a baseball player, who isn’t allowed to lie to congress, but all those who really matter, can, and do. Blatantly. And that’s okay. What an absolute disgrace and embarrassment. This dictator should have been stopped before he ever got started. Campaign crimes, czars, it should have been immediately stopped, investigated, and prosecuted. I never thought I’d see our country as the complete Banana Republic it has been allowed to become. I pray. Write, and pray.

  • bg
  • bg



    ht wanumba

    June 2, 2012

    One Cherokee, One Vote … With Valid ID,
    Just like Post-Apartheid South Africa Requires

    [Perhaps Congress can invite former President Jimmy Carter to
    provide expert testimony to support states voter ID laws because
    it appears by their copious years of reporting, that it has been his
    Carter Center’s decades-long international experience that voters
    adequately identifying themselves to election officials provides
    “additional safeguards”, “a substantial degree of security and
    confidence in the electoral” system, no matter what country,
    what race, what color, what language.

    WHOA!! passing that around & around & around until the
    prog-dem-lib hypocrites get dizzy & they all fall down.. 😀

    quick, someone notify OBAMA’S TRUTH SQUAD asap!!


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  • Tim in Cali

    Soo…FREE sunlight cost me 35 cents an hour…huh,what?..In California ,we already pay for having nice weather (rent,mortgage,taxes,etc) ,I got to pay for FREE sun and FREE weather..great..That doesn’t sound very FREE to me..

    If I’m entitled to FREE contraception,surly..I’m entitled to FREE sun and weather…right?

    I got a front row seat to a show called insanity

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  • this is what socialism looks like. you work and then the politican spends what you worked forand not very wisely.

    #16… incompetent is the last thing obama is

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  • Limousine Barry

    I admit it was a scam and one of my best – I must say! Ha ha!

    That why it was so important to get democrat Al Gore to fly around in his private jet and wine and dine these cronies. Next he gave them the best bankruptcy advice that money can buy – take the money and run!

    Sunpower got about $1.5 billion for schmoozing and boozing it up with Al Gore. Then after enormous salaries to its officers bled it dry – it went into belly up and fired most of its work force… who got 19 month of unemployment from the stupid Taxpayer.

    That wonderful company First Solar did just about the same. And while we are in the S category my friends at Solyndra wasted $535 while enriching themselves and impoverishing the Taxpayer. High five bro!

    A big shout out to the already bankrupt General Motors’ Chevy volt division for wasting so much money we have not be able to tally the final figure! I couldn’t have swindled the Taxpayer better myself! That was a job well done!

    Let me be clear, the final amount of Taxpayer dollars that I poured into to my cronies is small compared to the Unemployment benefits, tax breaks, and social security money that will be wasted for the foreseeable future. Ha ha!

    No, Eric Holder, the IRS, the Election commission nor the SEC will be looking in my cronies finances. They are too busy arresting citizens who protest against me… not to mention the new “snitch” line which will cause more arrests.

    With gas prices at sky high levels this shows my “anti-energy exploration” polices are working. The Saudis put me through Harvard with a $20 million dollar investment. They are now getting repaid! America is totally dependent on foreign oil! Gad, I love it!

    My Limousine is guzzling gas and I have another fund raiser to attend. Sure my polices suck but when the stupid Taxpayer realizes he can’t by gas to get to his job things will really suck. Good day.

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  • Patty
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  • Is it me or did someone purposely scrambled the audio beginning at 1:27 ????

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    19 companies went Bust?
    This is blatant hackery by Hoft the Hack

    Many on the list of 19 are still operating and profiting.

  • KC614

    Really…you are rebutting with Media Matters. Priceless. LOL

  • Lou Hodges

    You missed Hodges v. Akeena Solar, aka Westinghouse Solar.