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 $2 billion in losses. With the number of green energy companies defaulting and operating at losses, this number is likely to go up over time.
Another government experiment gone horribly wrong is the administration’s creation of health insurance co-ops that accompanied Obamacare — more than half of which have already collapsed. To read a new report that shows that only four may be left in operation, continue reading on the next page:
Just another Ponzi scheme that we knew wouldn’t work!
Actually he needs lifelong care in Gitmo!
It Screwed me real good thanks obama
Well they got 7 months !!!!
This is what A
Merica looks like with Obama ! …another four yrs. With His sister ?…any takers? Get it!…get real….
Real shocker here!!!!
That’s the sad truth! The plan all along has been single payer, we have been screwed dry again. To those who support single payer socialist government… Go where they have it. Last time I looked you can still take your dependent$#%&!@*elsewhere!
Really? Obama is gone guys. All the excuses are gone too. Both Houses of Congress are now Republican(since November 2014), Supreme Court Republican control for last 8 years, next President Republican guaranteeing a super majority (7 out of 9 Supreme Court Justices, first time in history). No more liberals to blame. How are they going to explain to the American People why Roe vs Wade is not reversed, IRS is not closed, no passage of “flat” tax, & no repeal of Obama Care etc. It will be entertaining. The dog just caught the car.
Gee why
IT has failed most of us on medicare. TAKE care of the illegals, an the less fortunate. .