Obama Continues to Flush Taxpayers Money on Boondoogles

Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan

Posted by Jim Hoft on Wednesday, September 28, 2011, 12:14 PM

It’s as if Solyndra never happened.  The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve.  PCG is an investment partner with SolarReserve.  Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.


Obama admires solar panels during a trip to Florida. (Yahoor)

Team Obama is spending $737 million to create 45 permanent jobs.
The Hill reported, via Free Republic:

The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.

The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.

Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month.

The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs.

It looks like Rep. Allen West was right.
Obama IS trying to destroy the economy.

That equals $1.1 million per job IF you count the construction jobs and $16.4 million per job if you only count the permanent jobs. How much investigating is it going to take before we end this crony socialism and stop letting this criminal flush OUR money down the toilet. There is no way we will ever recoup the cost of this and the Solyndra boondoggle, between the two that is $1.2 billion up in smoke .  I’ve said once and I’ll say it again, IMPEACH THIS BASTARD NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Tom in NC

9 responses to “Obama Continues to Flush Taxpayers Money on Boondoogles

  1. “IMPEACH THIS BASTARD NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!”

    I have been screaming that for over two years now.

    And once again I have to ask:

    Where the Hell are the republicans?

    -Dave

    • I don’t know Dave, it seems that Issa is about the only one willing to take on this administration, the rest are AWOL.

      • Tom,

        I can’t decide who I have the most contempt for.

        Is it Obama, or the repubs who sit on the sidelines and do almost nothing while he runs America into the ground?

        -Dave

        • Maybe it is really time to found another party… I don’t think the republicans are really that concerned with what is going on. If they were, the situation would be other, and someone would be doing a serious investigation over the mysterious birth certificate. If the republicans were serious, he would have been impeached a long time ago. Perhaps it is time for a new party, clean and unstained with all this that is going on over there!!!
          But what amazes me is: does this people in the govern have a clue of how much is the money valued? Shouldn’t we perhaps give them real jobs and force them to really earn their money to understand the concept???

  2. Good grief….

    Cain has another talking point now!

  3. I’m in. I’ve been screaming impeachment since he took office.

    Better do some digging into Cain’s background. He is not what he seems.
    If you are a director of a large federal reserve bank in Kansas, YOU ARE NOT AN GOVERNMENT OUTSIDER. Has links to the Pilsbury family, which are firmly entrenched in politics, ala Skull and Bones, etc.

    The guy’s another Obama. You have to watch this election VERY CAREFULLY.

  4. accountability why isn’t this fraud held to any sort of accountability early in his term its bush its bush now its the repubs or the tea party meanwhile he gives away money to his cronies with impunity the media is firmly stuck up his ass not a disparaging word is heard obama must be held accountable for his crimes impeach and prison the bastard now. i for one would prefer much harsher measures to be administered to the fraud in chief impale him and his spendthrift wife side by side as a lesson for future residents of the white house that this kind of crap ain’t going to happen no more

  5. Obama needs to be relocated from 1600 Pennsylvania to the Super Max prison in Colorado. Imprisonment is the answer, not impeachment.

  6. imprisonment is too good for this evil hell spawn. for the “Biggest Crime Ever ,In The World” ?????

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