Americans are used to seeing their hard-earned tax dollars being wasted on failing enterprises. In 2009, the Obama administration began approving billions of dollars in loans to green energy companies. The most infamous of those companies was solar energy startup Solyndra. Obama approved a $535 million loan to Solyndra in 2009; Joe Biden and Energy Secretary Steven Chu even attended a groundbreaking ceremony for the company.
Two short years later Solyndra completely shut down, defaulting on their loan and leaving American taxpayers on the hook for the $535 million the government gave them. Though the most well-publicized, Solyndra is not the only beneficiary of green energy loans to default and leave taxpayers footing the bill.
Taxpayers have already had to cover the cost of roughly $1 billion in defaulted loans, with an expected total of over $2 billion in losses. With the number of green energy companies defaulting and operating at losses, this number is likely to go up over time.
Another government experiment gone horribly wrong is the administration’s creation of health insurance co-ops that accompanied Obamacare — more than half of which have already collapsed. To read a new report that shows that only four may be left in operation, continue reading on the next page:
THIS HAS BEEN COMING SINCE THE LAW WAS PASSED IN THE WEE HOURS OF THE MORNING…SHOVED THROUGH CONGRESS WITHOUT BEING READ BY OVER HALF OF THE PEOPLE IN BOTH CHAMBERS (DEMOCRAPS) CANT WAIT TILL IT IMPLODES COMPLETELY !!!!!
And what did you expect
perhaps that is in the long term plan, get rid of the insurance companies then switch to a one pay system with the gov being the payer so they can control health care and make sure only illegals and muslims get care any tax paying and working american will be kept from health care as a way to distribute wealth.
AND THERE GOES THE MONEY HE STOLE FROM SOCIAL SECURITY , $300,OOO,OOO,OOO.THATS BILLION
it is worthless,i know my wife deals with it every day,if everybody could talk to her they would never waiste a penny on it
That was the plan all along but only after they wasted Billions of Dollars first to Bankrupt America!!!!
Obama failure care,TRUMP 2016!
Need to get rid of Obamacare, go back to the way it was, my Insurance was $312.00 a month, now it is $659.00 a month. It should be caller Obama failure.
ThanksTruth And Action…My IQ score of 133, and u? join now…
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let’s like post: Par for Obama’s course……
no supprise to me.