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:
obama is one stupid asshole
and those idiots who voted for obama want more of the same with hillery or bernie.
I AM WONDERING WHY WE NEED 800 FEMA PRISON CAMPS & WHY OBAMA HAS ISSUED GAG ORDERS ON SO MANY PENTAGON GENERALS ? CHECK ON GOOGLE .
I am so glad I did not bite into this wreck. Bought my own insurance with a very good company and it was cheaper and pays more. It has not gone up and still pays everything. Obama has ruined this country by enabling people that do not want to work.
Tax dollars at work..$$$$$$$$$$$$$$$$$$$$$$….2016
The FOOLS…2016
and we are rid of the$#%&!@*that started it
We have to pass it to find out what’s in it. I knew what was in it without ever seeing it, A LOAD OF$#%&!@* In fact everyone knew it except the people who were suppose to know. They all need to go, every single one of them.
No surprise.
And guess who gets to cover their losses?