Business

As Another Gov’t-Funded Energy Co. Goes Under, Obama Admin Announces More Loans

“The company, Ener1, received a $118 million grant from DOE [Department of Energy] in 2010 as part of the president’s stimulus package,” writes the Heritage Foundation’s Lachlan Markay. “The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.”

Today, Ener1 announced it was filing for Chapter 11 bankruptcy.

Despite the generous federal support Ener1 received (Vice President Biden even visited Ener1, January 26, 2011, the day after the President pledged in his State of the Union address to put “one million advanced technology vehicles on the road by 2015” with the help of taxpayer funding), and like several other now-bankrupt energy companies, Ener1 was “racked by problems.”

See the Vice President mistakenly, but appropriately, refer to the bankrupt company as “Enron one”:

“In October, NASDAQ delisted the company due to non-compliance with Securities and Exchange Commission filing requirements. A month later, the company’s president, chief executive, and top financial officer were fired,” Markay writes.

Here‘s what the company had to say about Thursday’s news:

Ener1, Inc. (OTC: HEVV) (the “Company”) today announced that it has reached agreement with its primary investors and lenders on a restructuring plan that will significantly reduce its debt and provide up to $81 million to recapitalize the Company to support its long-term business objectives and strategic plan.

To implement this restructuring plan, the Company has voluntarily initiated a “pre-packaged” Chapter 11 case in U.S. Bankruptcy Court in the Southern District of New York, in which it is requesting that the Court confirm a pre-packaged Plan of Reorganization to implement the restructuring.  The Company filed a proposed Disclosure Statement and Plan of Reorganization with the Court and anticipates completing the restructuring process in approximately 45 days…

The pre-packaged restructuring plan, which has been unanimously accepted by all of Ener1′s impaired creditors, provides for a restructuring of the Company’s long-term debt and the infusion of up to $81 million of equity funding, which will support the continued operation of Ener1′s subsidiaries and help ensure that the restructuring will not adversely impact their employees, customers and suppliers.  Of this amount, a new debtor-in-possession (DIP) credit facility of up to $20 million will be available upon Court approval to support working capital needs during the restructuring.  The balance, for a total of up to $81 million, will be available over the four years following Court approval of the restructuring plan and subject to the satisfaction of certain terms and conditions.

As mentioned in the above, Ener1 is not the first government-funded “green energy” initiative to go bankrupt. In fact, Ener1 isn’t even the first government-sponsored energy storage technology company to go bankrupt.

Beacon Power beat them to the punch.

“Beacon Power, which manufactures flywheel energy storage technology, received a $43 million loan guarantee from the same stimulus program that funded Solyndra [emphasis added],” Markay writes. “Despite having used $3 million marked for loan repayment to continue funding its daily operations, Beacon filed for Chapter 11 in November.”

And as if this didn’t seem bad enough, on the very same day Ener1 files for Chapter 11, the Obama administration announces more “clean energy” loan guarantee.

“Agriculture Secretary Tom Vilsack today announced his second bio-fuels loan guarantee in a week, revealing that the Agriculture Department (USDA) is slated to loan an Oregon biorefinery $232.5 million for a project expected to create 65 jobs and support 38 others [emphasis added],” The Washington Examiner’s Joel Gehrke writes.

“This project and others like it will help to establish a domestic advanced biofuels industry that will create jobs here at home and open new markets in the Pacific Northwest and across America,” Vilsack said in a statement.

So, what’s the reasoning behind this loan guarantee?

“USDA offered the loan guarantee as an example of President Obama fighting global warming while increasing energy security and helping the rural economy,” Gehrke writes.

The agreement announced today is similar to a $25 million loan guarantee USDA approved last week for an Iowa project “expected” to create 38 jobs.

This is what Ener1 originally had in mind (via ):

(H/T: Weasel Zippers)

Comments (217)

1 2 3 ... 5
  • bernbart
    Posted on January 26, 2012 at 6:32pm

    Hey idiots, this funding was approved by congress, and both Democrats and Republican’s supported it.

    Report Post »  
    • let us prey
      Posted on January 26, 2012 at 6:37pm

      Bern
      You say that like it means something. More $ down the drain.

      Report Post » let us prey  
    • RightThinking1
      Posted on January 26, 2012 at 7:00pm

      @Bernbart:
      Uh…, the $118 million that went to Ener1 was part of the ‘Stimulus’ funding, from 2009. If you can call them ‘Republicans’, only Snowe, Collins, and Spector voted for it. Thus, for the ENTIRETY of the House & Senate, 530 votes total…, three, got that?… THREE so-called Republicans voted aye.
      For you to defend the Democrats and Obama (or attack the Republicans) on the basis of three rogue so-called Republicans is laughingly absurd.

      Report Post »  
    • Detroit paperboy
      Posted on January 26, 2012 at 7:01pm

      The Criminal Federal Government , is Losing the moral authority to tax the people….. They are out of control, and must be stopped… The threat to our freedom is our own government…. Not IRAN or some terrorist behind every tree…

      Report Post »  
    • hugo65hsv
      Posted on January 26, 2012 at 7:01pm

      It was Obama’s first stimulus package that funded this.. I believe when there was a Democratic Congress in session… The present Republican Congress has told him No to further stimulus packages..

      Report Post »  
    • islamhater
      Posted on January 26, 2012 at 7:03pm

      No one is report‘ing on Obama’s court case today in Georgia.

      Report Post »  
    • Salamander
      Posted on January 26, 2012 at 7:03pm

      Why is Congress, which knows NOTHING about energy, providing funds for such projects? Isn’t that the domain of the venture capital community? Government needs to get back to governing and the private sector needs to get out of government! We should not have private companies, or public ones for that matter, running to government for funding! Government is not competent to invest in such technologies and steals from the taxpayers to support their habit!

      Report Post »  
    • Psychosis
      Posted on January 26, 2012 at 7:06pm

      actually, congress has little to do with this funding. the funding comes from an administration office ( administration is run by the president ) and the funds come from the fed NO CONGRESSIONAL APPROVAL was ever sought or given, just like all the rest

      man your easily proven stupid ….next time please make me break a sweat at least

      Report Post » Psychosis  
    • Detroit paperboy
      Posted on January 26, 2012 at 7:11pm

      More Democrat economics… Who are the fundraisers behind this one ????

      Report Post »  
    • ronaldreaganthegreat
      Posted on January 26, 2012 at 7:16pm

      Wrong Bern and you are the idiot, congrats Ace:-)

      ronaldreaganthegreat  
    • Komponist-ZAH
      Posted on January 26, 2012 at 8:00pm

      So what?

      “Money with them [Congress] is nothing but trash when it is to come out of the people.”
      —Col. David Crockett

      Report Post »  
    • lmao@dems
      Posted on January 26, 2012 at 8:06pm

      This is how progressives explain there mistakes away (well Repubs voted for it also), and it happens on every decision they make. Hey Progressives if you think it sounds like a great idea, then don’t do it because it is a mistake.

      Report Post »  
    • Hopefulone
      Posted on January 26, 2012 at 8:19pm

      “$232.5 million for a project expected to create 65 jobs and support 38 others”? 100 jobs for 232 Million dollars? That company can’t be viable if the government is providing jobs at over a quarter million per head. That’s 232 million–from our childrens’ future to the politically-connected. …and “Bernbart” looks to blame …Republicans. Welcome to the third-world way of government. Decay.

      Report Post »  
    • beckyspatflaveredstew
      Posted on January 26, 2012 at 8:20pm

      Let Us Prey, and to that I say, Amen.

      Report Post »  
    • jzs
      Posted on January 26, 2012 at 9:28pm

      So many here were and remain against the bailout of the auto industry in the US. You say they should have been allowed to go under. Republicans say we should let the industry fail: the millions of jobs provided the US auto industry and their US vendors don’t matter. Who cares? they say. That‘s capitalism and we don’t care about jobs, only the deficit. Who cares if America no longer makes cars? Who cares the blue collar employees workers lose their jobs.

      But the auto industry was bailed out, saving millions of jobs. You think the stimulus didn‘t didn’t do anything except give you a tax break, but you’re wrong. As of now GM at least is very profitable, has paid back half it’s loan and is for now the largest automobile manufacturer in the world. Go Made in America!

      You don’t hear much about the success of GM on FOX do you?

      Report Post » jzs  
    • db321
      Posted on January 26, 2012 at 10:27pm

      Bernbart – I doubt you could even name the 3 levels of Government – Remember, the Democrats controlled the House, Senate and the Presidency – well let me tell you – I will never forget and come 2012 the Republican will be in control of all three branches of Govt. I predict you will never see Democratic control again in your lifetime. America can’t afford it.

      db321  
    • decendentof56
      Posted on January 26, 2012 at 11:48pm

      All of these posts are missing the point, and the point is that GM was mismanaged, and the government has no Constitutional authority to bail any business out.
      Meddling in energy by not letting us produce our own supplies, and thereby leaving us vulnerable to foreign suppliers, is another example of unconstitutional intrusion by a socialist president and his co-horts in Washington.
      If solar energy is so good, then it will win the battle in a free market.
      My fellow Americans are too willing to give their freedoms away.

      Report Post »  
    • MIBUGNU2
      Posted on January 27, 2012 at 12:31am

      Did I hear Joe Corruptocrat say we won’t be able to afford
      Gas soon ??? looks like it will be over $4.00 before the
      end of the Month..I remember $1.75 when W was in office..
      2012NOBAMA and reclaim the Senate, send Nancy and Harry
      Home..

      Report Post » MIBUGNU2  
    • USAMEDIC3008
      Posted on January 27, 2012 at 1:37am

      STOP
      clear your mind for an important NEWS flash

      ARE YOU READY

      It’s not Democrates or Republicans
      Most of the time cant tell them apart.
      Start thinking
      Progressives or AMERICAN
      Mitt and Newt Like two kids ME ME ME I I I I I I I (Crap)
      Rick A good man but need more time to grow a pair
      Ron is on the right track but would need a small army to get it done,
      So where does that leave us US.
      Did here some good news today Barney ***,, Sorry typeo..Frank is
      getting married soon
      Just makes me happier than a Dung beetle in a barnyard…
      I wonder if he is the suckee or the suckor
      And who gives a rats a$$ anyway

      Report Post » USAMEDIC3008  
    • nelbert
      Posted on January 27, 2012 at 2:12am

      Hey idiot, the loan was made back in 2009 when Democrats had majorities in both House and Senate.

      Report Post » nelbert  
    • 408 CheyTac
      Posted on January 27, 2012 at 2:13am

      So, tell me again, just who was it that was in majority in both houses?

      Getting drug along for the ride while the dems pass whatever they want is a bit like calling getting carjacked a sunday raide

      Report Post »  
    • AOL_REFUGEE
      Posted on January 27, 2012 at 2:21am

      Democrapic Solution: Put out the fire with gasoline.

      Report Post » AOL_REFUGEE  
    • CatB
      Posted on January 27, 2012 at 6:15am

      Does NOT mean it has to be spent … we are broke .. and Obama is doubling down on STUPID!

      Report Post »  
    • I_Hate_Libs
      Posted on January 27, 2012 at 7:05am

      This is what happens when you have a president who took communism 101 instead of econ 101. Remember democrats support this and so does Fidel Castro remember that when you vote in November.

      Anyone But Obama 2012!

      Report Post »  
    • Msgt Ret
      Posted on January 27, 2012 at 7:18am

      Didn’t the democrats control both houses in January 2011? Either way obama approved it…just another payoff to the unions!

      Report Post » Msgt Ret  
    • 1956
      Posted on January 27, 2012 at 8:18am

      Just like a liberal – tell a lie that has a tiny kernal of truth in it, and if no one is really paying attention, people believe what is said… at least if it conforms to their agenda.

      Thanks to Rightthinking1 for pointing out the FACTS – and not allowing you to distort the reality. Obama and his admin need to be fired (I’d prefer to have them arrested for treasonous and seditious acts). We’ll see if the American people are paying attention come this November.

      Report Post » 1956  
    • bandi9
      Posted on January 27, 2012 at 9:00am

      rightthinking totally shot your idiot comment to shreds. nice work.

      Report Post »  
    • smithclar3nc3
      Posted on January 27, 2012 at 9:15am

      BS the Obama stimulus was a 100% democratic backed program and one Republican Olympia Snowe from maine. That’s even less bipartisan than Obama care which got two republican votes.

      Report Post »  
    • smithclar3nc3
      Posted on January 27, 2012 at 9:20am

      Why is Congress, which knows NOTHING about energy, providing funds for such projects

      Actually the Democrats in Congress only approved the stimulus,Team Obama were the ones handing out the checks. And what a Godawful MESS the Obama Adminstration has made of it.

      Report Post »  
    • smithclar3nc3
      Posted on January 27, 2012 at 9:26am

      Let’s no forget SUN POWER 1.8 BILLION to built a plant in Mexico net AMERICAN jobs 0.
      Or Fesker getting 1.2 billion to build high end electric cars in……ready for this….FINLAND net AMERICAN jobs 0. That alone is 3 billion dollars for idelogy and zero dollars to help employ Americans.

      Report Post »  
    • Doin it for da Chilren
      Posted on January 27, 2012 at 9:48am

      @JZS
      When BIG BROTHER starts picking winners then there is no learning from mistakes. GM should have continued with the Vortec 350 instead of dumping money into R&D for all new engines, which could have kept their head afloat. Thats just one example. If they are the leading auto industry why havnt they fully repaid that loan, oh thats right they produced a satan ugly electric car that catches fire. Same with banks, they mostly loan to gov’t cause they know they will get paid back no risk all profit. Run to the hills, run for your lifes.

      Report Post »  
    • turkey13
      Posted on January 27, 2012 at 9:53am

      Maybe both houses voted for it but in 2009 & 2010 they were controled by the Democrats. These were the years when obama coulld do anything without being contested, that changed last November.
      I have to admit that the President is now on a roll. One of the Companys can make a car run on water. Only problem is that the country is running out of water. Texas is sueing Oklahoma over Okie water and what I read in the paper the other day it will go to the Supreme Court.

      Report Post »  
    • OneTermPresident
      Posted on January 27, 2012 at 10:17am

      @BERNBART,,, hey uniformed loudmouth… it was not approved by Congress. It was given to them by the DOE from their budget under the direction of the Obama administartion… read much?

      Report Post » OneTermPresident  
    • Truthbeliever2
      Posted on January 27, 2012 at 10:21am

      @JZS

      Wow. that was a very intelligent comment you made there good buddy. NOT!!! Everything you wrote about is UNSUSTAINABLE. Here let me write that again in case you didnt get it. Moron@JZS.com your moronic idea of printing money every time the economy or a major business starts to crash is: get ready for it dumbass its UNSUSTAINABLE. But I’m sure that means nothing to you. As long as your ass is the one that is saved from the bailouts while forgetting about the future generations who will have to live their lives around this generations selfish population. But hey SCREW THE FUTURE. Right JZS??? As long as you and yours are happy now that is all that matters. Your way will be the steady DECLINE of our countries prosperity, because the future doesn’t matter. Just the here and the now. You and yours are the selfish pieces of garbage that set up decline of a prosperous societies future. But hey; just as long as you get yours. Right??? ME! ME! ME! MINE!!!

      Report Post » Truthbeliever2  
    • GhostOfJefferson
      Posted on January 27, 2012 at 10:37am

      Hey Bernbart

      The persecution and destruction of Jews was approved by the Reichstag and signed into official law!

      Hey Bernbart,

      Slavery was approved by Parliament, and then in these united States, and was the law of the land in a fully legal way!

      Legalism does not equate necessarily to moral/good/correct/right. So much for your logical fallacy. You are dismissed to ponder the error you made and tasked to find reasoning that does not rely on faulty logic.

      Good day.

      Report Post » GhostOfJefferson  
    • MysteryGirl
      Posted on January 27, 2012 at 10:52am

      @ RIGHTTHINKING1 – in response to the “3” Republicans that supported this, if you recall, Arlen Specter defected over to the Kleptocrats. In reality, it was 2. BERNBART, nice choice of words – typical for your chosen party affiliation.

      Report Post » MysteryGirl  
    • VigilantGuardShark
      Posted on January 27, 2012 at 11:36am

      Obama and Company would rather give massive loans to questionable ‘green’ business ventures rather than making PEL grants and College loans available to unemployed middle-class men who need to update their tech knowledge so they can perhaps join in a higher technology work environment, or even create a small business with their skills. Men are falling behind in post-graduate education, women are receiving preferencial treatment in college funding and enrollment.

      Report Post »  
    • jado1981
      Posted on January 27, 2012 at 12:46pm

      Bernbart, what you fail to see is that most of us are not scratch-and-sniff voters. Just because their is an R after someone’s name, it doesn’t mean they get our stamp of approval. Maybe that’s what you do, and perhaps that’s why we have the idiots in office that we do, but really, just try thinking on your own, please.

      Report Post »  
    • AvengerK
      Posted on January 27, 2012 at 1:42pm

      The pattern is clear this point. Obama’s administration ignored all warnings and logic and attempted to create a “green” economy where there’s no demand for it and attempted it on the back of the tax payer…and during a down economy making it all the more vulgar. Solyndra wasn’t an isolated incident, it was only the tip of the iceberg.

      Report Post »  
    • AvengerK
      Posted on January 27, 2012 at 1:45pm

      JZS…SOLYNDRA…ENER1..and numerous others. Stay with the topic idiot. Don’t bleat about bailouts for the auto industry. Don‘t change the conversation as liberals like to do just deal with Obama’s ineptitude. Let me guess…you‘re going to try once again to tell us that Bush’s administration approved Solyndra loans right? LOL..

      Report Post »  
    • Yeah_Buddy
      Posted on January 27, 2012 at 3:31pm

      Enron 1…we have a problem…
      Biden should have started his speech with…”Welcome to fantasy island!…”.
      Reduce regulations, get the gubbermint outta da way and let the free market innovate.
      .

      Report Post »  
    • Scooder
      Posted on January 28, 2012 at 1:59pm

      I‘m glad I’m not Bernbart!!

      Report Post »  
  • Ghandi was a Republican
    Posted on January 26, 2012 at 6:30pm

    If these politicians want to make these “investments” with out money- The losses should be taken out of their personal wealth. All of it! They made the gamble – They should have to eat it.

    Report Post » Ghandi was a Republican  
    • bernbart
      Posted on January 26, 2012 at 6:33pm

      Of course this funding was approved by congress, is under the oversight of congress, as all funding is.

      Report Post »  
    • The_Almighty_Creestof
      Posted on January 26, 2012 at 6:39pm

      Should be a new format. You want backing? Well then that will come from private investors who believe in you. However, if you show results and a balanced set of books…the government may step in and pay some of your bills to keep you going. But no more of this producing a yo-yo and we cream our jeans and hand you 1/2 billion dollars.

      Report Post »  
    • doomytram
      Posted on January 26, 2012 at 7:43pm

      Bernbart. Congress approved the Keystone Pipeline.

      Report Post » doomytram  
    • MIBUGNU2
      Posted on January 27, 2012 at 12:20am

      The best way to create personal wealth today is to
      become a politician..check out Nancy and Harry !!

      Report Post » MIBUGNU2  
    • AOL_REFUGEE
      Posted on January 27, 2012 at 2:25am

      Hey BERNFART: Your point? You have no point. Much less a clue.

      Report Post » AOL_REFUGEE  
    • michael48
      Posted on January 27, 2012 at 9:59am

      bernbart…meaningless and willing to provide proof…daily…carry on comrade..serfdom suits you well..

      Report Post »  
  • LEE5155
    Posted on January 26, 2012 at 6:23pm

    Glenn and the Blaze has failed to report that a court hearing was held today to hear 3 different cases charging the Obama is not eligible under our Constitution to be President and Commander in Chief. There have been 40+ lawsuits filed across America on this subject and the charge that Obama that Obama has commited election fraud, forgery, Social Secuity Fraud, Identity Theft and other felonies, all punishable by imprisonment. Glenn, the Blaze, Fox News, and none of the other News Networks have reported on any of them, not one. They ignore multiple lawsuits against Obama as if it is not knews, but they report that the Governor of Arizona had a minor confrontation. How absurd is that.

    The hearings today resulted in a mountain of evidence and expert witnesses to the charges that have been made against Obama since before he was sworn in. That evidence and testimony was overwhelming and proves the charges. Now we wait for a ruling as to whether or not Obama will be allowed on the Ballot in Georgia. And there are chages being made in every state in the union challenging Obama’s place on a Ballot while being proven not to be eligible to run.

    The news media, including Fox News, has proven they are not trustwothy, honest, or capable of providing all the important news of the day to the American people, and they are capable of hiding news when it does not suit their cause. The media has become totally useless because of the dishonesty and incompetence, giving way to the INTE

    Report Post »  
    • thekuligs
      Posted on January 26, 2012 at 6:28pm

      Dude, they aren’t omniscient. See the HAVE A TIP imput box at the bottom of the page? If you have good info, give it to them.

      Report Post » thekuligs  
    • Miss Arkansas
      Posted on January 26, 2012 at 6:38pm

      ACTUALLY, ALL OF THE NEWS OUTLETS ARE WAY BEHIND ON A LOT OF INFO. ON FB, I HAVE UNCOVERED MANY, MANY STORIES LEADING TO WHO, WHY, WHEN, WHERE AND HOW. CHECK OUT MY LINK :)
      https://www.facebook.com/pages/Connecting-the-Dots-The-Green-Scams/161297167295373

      Report Post » Miss Arkansas  
    • Lamarr01
      Posted on January 26, 2012 at 6:56pm

      The News Media, AP and the New York Times bias the news by refusing cover certain stories. The News Media including Fox News refuse to give much time to Ron Paul. During the NBC debate in Florida, Ron Paul was allowed to speak for 89 seconds out of a 90-minute debate. The control of the media and the message would make Josef Goebbels proud.

      Report Post » Lamarr01  
    • Possum45
      Posted on January 26, 2012 at 7:05pm

      I just posted en update and it was removed!!

      This is all over the Internet, it the blaze missed, their researchers should
      be put in time out!!!

      And to the blaze, please quit removing my post!!!

      Report Post »  
    • Clorox
      Posted on January 26, 2012 at 7:46pm

      I put the link to the live stream from the Court House and the link to the live Blog in the “Have a Tip” section, and nothing happened. Very interesting proceedings.

      Report Post »  
    • Mtroom
      Posted on January 27, 2012 at 12:02pm

      Don’t care how many MSM outlets are behind on this…What will this solve?..I feel nothing, except more of my money wasted on nothing….Isn’t the government spending us into oblivion?..Everyday I hear people say stop spending…40+ lawsuits?…How much money do you think we will waste for what end result?..My God people, I don’t have the money for 40+ lawsuits, and no matter which way these go, we will pay for it..You sue happy people out there that think this helps are piss’n me off…Not only do I have to watch my government blow my money, now I have to listen to you blow my money too…That is probably why the MSM is behind, this will have no effect and will cost large sums of money…The courts have already ruled, We the people have made the verdict…Stop wasting my time and money, and vote….Try that one for once..

      Report Post » Mtroom  
  • Berbel73
    Posted on January 26, 2012 at 6:21pm

    This is progressivism and crony capitalism at its worst. This is Obama’s vision for America. He wants centralized power in the executive branch so that he can set up these unelected agencies run by “industry experts”, through which he can then pay off his buddies that have donated to his campaign without any congressional approval or oversight. If we don’t put an end to these progressive politicians both on the right and on the left our republic will be finished, the free market will be gone, and along with it our freedoms and liberties will be lost for generations to come, if not gone forever.

     
    • bernbart
      Posted on January 26, 2012 at 6:35pm

      You people are complete idiots. This funding was Not done with executive power. It was approved by Congress, as all funding and budget are, and was under congressional oversight. Besides both Democrats and Republicans supported it.

       
    • Berbel73
      Posted on January 26, 2012 at 7:23pm

      Wll bernbart apparently you didn’t watch his SOTU address the other night, or maybe it was just difficult for you to see and hear it with your head up your arse?

      Report Post »  
  • EqualJustice
    Posted on January 26, 2012 at 6:19pm

    Why is the media SO afraid to cover Obama’s trial in Atlanta? 6 witnesses testified to Obama’s use of a forged BS and a STOLEN SSN? I find that newsworthy….Instead we hear about the tax rate Romney paid?? Please

    Report Post » EqualJustice  
    • GO-FOR-LIBERTY
      Posted on January 26, 2012 at 6:31pm

      Why is there nothing about it in the Blaze other then in the comments section? This is a hugh story.

      Report Post »  
  • EqualJustice
    Posted on January 26, 2012 at 6:16pm

    WHEN can we start the IMPEACHMENT PROCEDINGS? We should have started right after he PUSHED Obamacare through!!!

    Report Post » EqualJustice  
    • dcraw21b
      Posted on January 26, 2012 at 10:13pm

      Yes!!! No one has any balls. This stuff makes me sick. A traitor and a liar can sit in the highest office in the land and when anyone brings anything against him, they are called racists. -”Grave be the fates of those that know yet do not tell.”

      Report Post » dcraw21b  
    • Doin it for da Chilren
      Posted on January 27, 2012 at 12:29pm

      We need to rally a million arm bearers and make a citizen arrest. They wont be able to kill all of us.

      Report Post »  
  • welovetheUSA
    Posted on January 26, 2012 at 6:15pm

    These idoits cannot continue o poor billions of dollars into a enery that will never work……they decided that in the 1950′s……..a bunch of greedy dumb asses are behind this solor..windmill junk scinece, period. Get Obama and all his creeps out of our wahite house, period.

    Report Post » welovetheUSA  
    • Lamarr01
      Posted on January 26, 2012 at 6:35pm

      Green Energy is a scam. None of these companies will ever show a profit. It’s not about energy, it’s about political contributions. Political contributors get grants to develop a technology that doesn’t work. The management uses the grant money to overpay themselves and a few employees so that they can make generous contributions to Obama’s re-election fund.

      Obama can expect 5% of the Green Energy grants to circle back to his re-elections fund. The taxpayer gets screwed for the other 95%. About 15% will by cycled to the Democratic Party and other criminal organizations.

      Report Post » Lamarr01  
    • pamela kay
      Posted on January 27, 2012 at 3:52am

      WELOVETHEUSA, I agree. Remember the old song……”Another One Bites the Dust?”……….How many more? AND why is he still giving them more money? To begin with BHO has made everything else so expensive for us no one could afford this crap . Can you afford to go green? It is out of my budget.

      Report Post » pamela kay  
  • ares338
    Posted on January 26, 2012 at 6:15pm

    Progressives never give up on the green agenda.

    Report Post » ares338  
  • momprayn
    Posted on January 26, 2012 at 6:08pm

    Hey – you guys might want to check out the story I haven’t seen anywhere else — that a judge in Georgia may very well rule that Obama is not eligible (not a natural born citizen I think) to be on the ballot !!!!!!!!!!!!!!!!!!! If this happens, “GAME ON” ???!!!!!!!!!!!

    http://theulstermanreport.com/2012/01/26/court-hearing-on-obama-eligibility-completed-now-what/

    Report Post »  
    • joe conservative
      Posted on January 26, 2012 at 6:17pm

      This guy has to go. Be it because the link you provided was true, or just for what he is doing to this great nation. Here is another example of the sheer coruption going on right now. This short video shows a great example of how the liberal media is in panic mode. These stories are coming out, and the people are more wide awakethan I can ever remember.
      http://www.youtube.com/watch?v=jds7JMG1Ii8

      Report Post » joe conservative  
    • Lamarr01
      Posted on January 26, 2012 at 6:24pm

      Obama has probably sent out his knee-breakers. Chicago-style politics usually involves bribes and intimidation. Arizona is also challenging Obama’s eligibility. Look for violent riots in Atlanta, Arizona and Los Angeles if there is a ruling against the First Black President.

      Report Post » Lamarr01  
  • fcbs46
    Posted on January 26, 2012 at 6:08pm

    These Bio plants are great in that they provide jobs and a disposal for bio waste for the most part. The trouble is the cost, they do not ever expect that they (The Bio Plants) will ever operate at a profit they like, almost all of the government plans for Green stuff, start and end with Tax Payer money.

    At millions per job how is it that we can afford these jobs. It would really be more cost effective to just give a bunch (lottery) of folks three or fours years wages without taxes. It would do more for the economy and cost less then this pie in the sky green crap.

    Report Post »  
  • floradaze
    Posted on January 26, 2012 at 6:05pm

    I would vote for Deputy Dawg to get this country’s credit card out of his hands.
    But let’s keep the primaries undecided as long as possible because that makes it harder for the other side to campaign effectively. If they only have one person to go after they can concentrate better on the one than on many.
    Keep em guessing!

    Report Post »  
    • tbl10
      Posted on January 26, 2012 at 6:19pm

      Hey Obama, If you give me 2 million in loans I guarantee I will hire 40 employees and promise I won’t go bankrupt. I mean you want to loan out 232.5 million to create a meager 65 jobs. 2 million for 40 jobs sounds like a bargain to me, it would only cost 50k per employee compared to 3.5 million per job. Lets get the deal done.

      Report Post »  
  • dlo
    Posted on January 26, 2012 at 6:03pm

    Why doesn’t anyone stop this guy. He is bankrupting our Country He needs to go and all of his socialist buddies with him

    Report Post »  
    • Sirfoldallot
      Posted on January 26, 2012 at 8:34pm

      He has lawyers in his pocket, judges ,& got his job because the ppl of the USA voted him in. This election may give us a chance to correct this wrong, maybe.

      Report Post » Sirfoldallot  
  • robinakilt
    Posted on January 26, 2012 at 6:02pm

    They give the money to these BS companies so they can give the money right back to barrack for his campaign. Stupid Americans! Funny how the private sector must be fair and blah blah blah from the Presidents SOTU but not when it comes to how he handles the 48% of taxpayers money. The rest of you don’t pay **** you just dig in my damn pocket and take from my kids but that is a topic for another day.

    Report Post » robinakilt  
  • mcFirst
    Posted on January 26, 2012 at 6:01pm

    http://obamaballotchallenge.com/earthquake-in-atlanta

    Where are you on this story Blaaazzzeeee

    Report Post » mcFirst  
  • MonkeyBeagle
    Posted on January 26, 2012 at 6:00pm

    Wow, Say what you will about Barry… They have got this Politial Theater down to a science.. This video almost made me forget who they were for a second. We are going to have a tough time dealing with these hollywood style produced spots by the Obama Campaign. Obama is good at one thing, and that is convincing people he is something he isnt.

    Report Post »  
    • mamawalker
      Posted on January 26, 2012 at 6:16pm

      Any the popup ads and sidebar ads for Obama are everywhere on the internet! You can’t go to a site without one blasting pro Obama ads – we are in big trouble regardless of who is the nominee! This man has too much power, corruption, and money behind him to lose.

      Report Post »  
  • Living In NYC
    Posted on January 26, 2012 at 5:57pm

    Obama and his fools could not make money with a lemonade stand if you gave them the supplies, govt payroll supplements, FDA fruit & sugar supplements, free cups and $30 million dollar govt grant.

    They would file chapter 11 within a quarter..much less a year!

    Living In NYC  
  • Ducky 1
    Posted on January 26, 2012 at 5:57pm

    Watching this ENER1 promotional video is kinda scary. They will make the availability of petroleum scarce and very expensive and force us to buy electric cars……that catch on fire…..ugh!!!! And 25 mill for how many jobs………….38. We have got to get these so and so’s out of office!!

    Report Post » Ducky 1  
  • nameswillneverhurtme
    Posted on January 26, 2012 at 5:53pm

    Let’s see Ener1 and Solyndra and Brightsource failed. Three times and you’re out right? Then there‘s LightSquared that was a threat to national security that the media doesn’t talk about any more. When will this insanity end?? We must remember to remind everyone of these failures.

    Report Post »  
    • turkey13
      Posted on January 26, 2012 at 6:02pm

      “Politicians are the same all over. They promise to build a bridge even where there is no water.” Nikita Khrushchev

      Report Post »  
  • Baddoggy
    Posted on January 26, 2012 at 5:51pm

    Who is John Gault?

    Report Post » Baddoggy  
    • doomytram
      Posted on January 26, 2012 at 6:33pm

      Where are the Green Jobs? Grant money, for Green Jobs.

      Report Post » doomytram  
  • LibertyGoddess
    Posted on January 26, 2012 at 5:48pm

    Obama is going down, he knows it, and he is giving these loans with a wink and a nod to have these companies donate to his campaign before they collapse within a year.

    Report Post » LibertyGoddess  
  • HKS
    Posted on January 26, 2012 at 5:48pm

    Some day they will figure it out, “there is no free lunch”.

    Report Post » HKS  
  • schroeder123
    Posted on January 26, 2012 at 5:46pm

    Was He On Drugs ??

    Report Post » schroeder123  
  • Lesbian Packing Hollow Points
    Posted on January 26, 2012 at 5:45pm

    And the snowball keeps rolling along.

    Report Post » Lesbian Packing Hollow Points  
  • AJAYW
    Posted on January 26, 2012 at 5:41pm

    If I had a company I would not allow biden of obama near it– everything they touch goes under – if they come to your town close all company’s down for a day, if you want to keep them running.

    Report Post »  
  • wordweaver
    Posted on January 26, 2012 at 5:39pm

    Isn’t this the definition of insanity? Continuing the same destructive behavior over and over and expecting different results?

    Report Post » wordweaver  
    • TexasHunter
      Posted on January 26, 2012 at 5:47pm

      It’s all a worm hole with OUR money!! The flood OUR money in to many so called companies & different sources and we never see a end result of where it is going and what they are doing with it!! IMPEACH this IMPOSTER NOW!!

      Report Post » TexasHunter  
    • copatriots
      Posted on January 26, 2012 at 6:08pm

      I’m convinced it is blatant, in-your-face, intentional destruction of America at this point. Those who are blind and deceived will continue to support him or those in our midst who actually want America’s destruction while the rest of us are keenly aware of who this impostor is. Obama is intentionally taunting us and flaunting the power he has knowing there is nothing we can do. Expect it to continue in increased measure as he continues to destroy this country.

      Report Post »  
    • Darmok and Jalad at Tanagra
      Posted on January 26, 2012 at 7:06pm

      This is nothing more than those who are on top now, need to move aside and allow someone else to take their place. I would bet you will see more “Left” people rise up on the forbes list. There will be established companies and corps. taken apart, and these faceless entities taking them over. The money is going somewhere, this is just another way to legally launder money. The people that are running these companies, if they are ever investigated, I bet wouldn’t be able to get a payday loan, let alone multimillion dollar grant. If you investigate these companies, I would bet you can trace their roots back to Chicaga, Unions, or most of them have Ivy league educations. This is a raid of the treasury and no one is doing anything about it.

      Report Post » Darmok and Jalad at Tanagra  
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