The definition of a failed administration–

Barack Obama told Wisconsin voters today:
“Some of the businesses we encourage will fail.”

Oh well, at least Obama’s donors got paid.
80% of DOE dollars went to Obama backers.

Over 19 of Obama’s green ventures went belly-up after receiving billions of 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
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 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 ($2.1 billion federal 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 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.

And, Obama hopes you’ll believe this is a success story.

 

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  1. OT

    Leaked Photo Of Obama Looking Especially Presidential While Touring Damage From Hurricane Sandy

    http://thelookingspoon.com/tlsimages/blog/2012/obama_hurricane_sandy_presidential.jpg

  2. And the ones that you don’t “encourage”, you will tax into failure.

  3. Why would anyone want the endorsement of a loser.

  4. Your track record sucks Obama stop encouraging them and get out of their way

  5. ‘legal’, political money laundering

  6. #1 Patty … HAHAHAHAHAHAHA!

  7. #1 November 1, 2012 at 12:30 pm
    Patty commented:

    Made me laugh.

  8. “Some Of The Businesses We Encourage Will Fail”

    How inspiring.

  9. #8 Valerie

    Great, we need to so much these days!!

  10. What has stopped these failed companies from pocketing millions for themselves? Where is the accountability?

  11. WHY OBAMA ARE THEY FAILING? could it be YOU?

    ~~~~~~~~~~~~~~~

    “We also fall into the category of “the rich” because our business profits pass-through to our personal income since we are a Chapter S small business corporation. President Obama’s proposal is going to negatively impact our ability to reinvest and grow our business. So few people outside of small business owners really understand how Chapter S Corporations are taxed and President Obama has done a masterful job of convincing the public that what we are taxed on is what we actually make. I don’t know why anyone would want to be an entrepeneur in this present business climate.”

    Cliff Laverty (Tulsa, OK) Total Radio, Inc.
    _________________________________________________________________________________________

    “As owner of a small business that just turned 5 years old and is a Subchapter S, we’ve grown from 3 employees to almost 50 in the last 5 years. The growth has kept our income low, as we’ve invested back into the company in the form of additional jobs and equipment. We have always had to tax plan at the year’s end because we’ve never seen a penny of what the company has made, with the exception of what we’ve had to pull out for taxes on the income we’ve not seen. Bottom line, raising our taxes means we’ll quit growing, lay off people and stay under the $250K level for income. We are not the problem.”

    Steve Piechota (San Jose, CA) Netronix Integration

    http://smallbusiness.house.gov/news/email/show.aspx?ID=TIQ6XAWZET5GDZOBLYDVVCCXXI

    Read further on site.

  12. Some of any businesses will fail. That is Business 101. Of every 300 restaurants that open today, just one will be in business a year from now and many less than that in five years.

    Some people have the education, the experience, the knowledge and the leadership to make an educated guess about which businesses will fail and which businesses won’t.

    If you want expert advice about a restaurant that is failing, talk to Robert Irvine or Gordon Ramsey. They have decades of training, education and experience in opening restaurants and turning around failing ones.

    Barack Obama has absolutely NO experience in business or economics. He has never held a real world job. He has never owned a business – large or small – or flipped burgers at McDonald’s. I suspect (we can’t know for sure since he has never released his transcripts) that he has never taken so much as a Community College business class – never mind Accounting 101. He has some wealth, but not all that much by modern standards – he’s worth around $11 million – and most of that he’s acquired since entering the White House. Financial management is not his field of expertise.

    Mitt Romney, on the other hand, has four decades of education, experience and real world leadership in the business community. He holds an MBA from Harvard, long one of the world’s top rated MBA programs, where he was a Baker Scholar, meaning that he was in the top 5% of his class. At the same time, he earned a Juris Doctor from Harvard Law, where he graduated cum laude. He was married with two young children at the time. Mitt Romney has had just about the finest business education that it is possible to acquire anywhere in the world and done exceedingly well.

    He has used that education to gather decades of experience specifically by investigating in companies that are in trouble and turning them around. Mitt has bet on all kinds of companies and all kinds of business models, from 7-11 to steel mills, Home Depot and Staples to Dunkin’ Donuts. Nope, he didn’t save all of them, but his success rate is just about 70%. (Compare that to Obama’s “green energy” track record.) After thirty years, Romney has a pretty good handle on what works and what doesn’t work.

    He knows how to get BIG jobs done. He rescued the failing 2002 Winter Olympics, brought it off without a hitch mere months after 911 and turned it into one of the most profitable winter games in Olympic history.

    Unlike Obama, who instead of trying to work with Republican members of Congress simply dismissed them with the statement “I Won”, Romney knows how to work the other side of the aisle. Massachusetts is a deep blue state and has been for at least the last 100 years.

    Yes, Mitt Romney is “rich” – but not all that rich by modern standards. Current estimates place Romney’s net worth at around $230 million. Had he not spent the last decade+ working for no salary, first for the Olympics, then as Governor of Mass those in the net worth estimating business figure you could add two billion dollars to that figure. So yes, Mitt knows how to handle money but acquiring it is not his first concern.

    If I have to bet my life savings and my future well beings on just one man, then that man will NOT be Barack Obama. Your average state college business major has more business education and a better understanding of how business works that he does. I’ll go with the guy with the proven track record as long as your arm.

  13. Isn’t that what Odumbo was hitting Romney over the head with? Romney saying some will fail..but most were successful!!! But since it’s the jug-earred man-child….a new spin!!!!! We can do this America!!! VOTE VOTE VOTE and take friends who can’t get to the polling place…we have got to get this slime-maggot out of office!!!!!

  14. #11 November 1, 2012 at 12:53 pm
    Joanne commented:

    What has stopped these failed companies from pocketing millions for themselves? Where is the accountability?

    I’ve had suspicions from day one that a lot of this business “encouraging” was nothing more than large scale money laundering and political payback for donors.

    But what do I know, it’s not like I’ve seen political shenanigans from LBJ onward.

  15. It sounds like a small crowd.

    According to the local paper it was ~ 2,600 – in WISCONSIN.

    This is Romney’s crowd in Ohio yesterday (~10,000) and the day before, (~12,000), even in CUYAHOGA COUNTY.:

    http://battlegroundwatch.com/2012/10/10/romney-crowd-in-sidney-ohio-is-obama-size-according-to-jeff-zeleny-of-the-new-york-times/

    Oddly,

    As of this morning Mr. Obama had been scheduled to crisscross the country to 8 states- many “blue”, in a seemingy frantic last minute attempt to “hold them”.

    Now he has NO events scheduled 11/2-11/7, nor does Mr. Biden.

    http://www.politico.com/2012-election/calendar/barack-obama/?date=2012-11-03

    Hum….

    I’d love to be assured our computer entered votes will not be “counted” in the south of Spain. Does anyone agree?

    Don’t forget to use PAPER ballots.

  16. In 2014, there will be about 1.9 million taxpayers with purely non-farm business gains of more than $250,000, according to the same CDA analysis. In other words, almost 2 million tax filers will have at least $250,000 of just business income—not counting any wages, capital gains, or rental income. This business income could be used to hire new employees or at least stay in business and keep them employed.

    If President Obama’s tax hikes are put in place, each of these taxpayers will have to hand over about $25,000 more of that business income to Uncle Sam instead. Small businesses already have to compete with corporations, which are favored by regulatory policy and the tax code and even propped up with stimulus money. Small businesses, which are the real engine of job growth in America, simply cannot afford yet another hit.

    http://blog.heritage.org/2012/07/13/obamas-small-business-tax-could-average-25000/

    So yes, businesses will fail and Obama is the reason why.

  17. #16 November 1, 2012 at 1:02 pm
    Sally commented:

    May so crazy, but here is the real poll. Americans!!

    Turning out to see the Next President.

    Thanks Sally

  18. OT

    Smugglers’ SUV gets stuck atop Calif. border fence

    VIEW THIS: http://media.bnd.com/smedia/2012/10/31/16/54/19-AhYUM.AuSt.55.jpeg

    Two smugglers on the Mexican side of the border were trying to free the Jeep when the agents approached, Tippets said. They ran further into Mexico and escaped.

    The Jeep was empty, but agents said it was probably filled with contraband like bales of marijuana before it got high-centered atop the fence.

    Read more here: http://www.bnd.com/2012/10/31/2379613/attempt-to-drive-over-fence-leaves.html#storylink=cpy

  19. Those green businesses that failed were not “encouraged” they were part of a giant kickback scheme of taxpayer funds laundered through these companies back to democrat campaign coffers.



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