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:
Shitty plan from the start. Waste of money for the nation. Insurance companies are richer than ever
Just think how much tax payers money was wasted setting up all the failed co-ops but thats ok, liberals think money can just be printed as needed.
Does anyone think that Pelosi and any of the idiots who voted for this bill have read it yet?
My wife does also. You are so correct.
President Osama ben Lying ruined the US Auto Manufacturers and he is now ruining the US Insurance companies. The Village Idiot has been an Utter Failure and George Soros is doing his encore of destroying the USA.
The sad part is that they will raise our taxes to pay the medical bills the insurance will no longer cover though The Exchange.
TRUMP is not a Johnny-Come-Lately! He is a Seasoned, Time Tried and Brilliant Negoiator, Arbitrator and Center of Influence throughout the WORLD! He knows on a First Name Basis most Foreign Leaders and they Respect his Abilites..So who do you do you want for the next President? Another Golfer, A Pathological Liar and Killer, A Brain Dead Socialist that wants to give away the Country, or Maybe, Just Maybe we can Elect a True Leader this TIME!
obama NOT an idiot. This is all a well thought out plan to destroy America. AND so far it is working .
Having them all fail is the plan. Then thee g’ment will have “no choice” but to step in and save us all with single payer.
Truth. But he’sstill an idiot.