Sunday, October 21, 2012

Venture capitalism...liberal style...

Venture capitalism...you have socked away some money to invest or, have a pool of investors that investigate up and coming businesses and literally bet your money on that business's future success and business model for a return on your investment...in which you could do well or, fail.

However the liberal version of venture capitalism that Obama utilizes is quite different.
His model is leftist agenda based, where he gambles taxpayer money toward investments owned by his donors who engage in lefty-idealist business schemes.
If the company does well, Obama takes credit and, in pours the donations.
If the company fails, Obama never loses a red cent...WE DO!
In either case, Obama wins.
He gets his donations regardless whether his choices of investments with the taxpayer's money strikes gold or, strikes out.

So far his choices of investments for the American people have been a string of bolos.
In the Obama world of sound financial investing, one does not need to investigate a company's spreadsheet, look at potential profitability or, even if the company's gadget even has a viable market.
No, you pick the "winners" based on how much they've sent in to your election fund...and reward them with taxpayer dollars in return for the favor...which in the grand scheme of things means that, Obama's kitty is packed full of redirected tax dollars.
Just ask the Obama-donor owners of Solyndra...$535 million in taxpayer money down the crapper before they closed up overnight and declared bankruptcy...you could ask them except they've plead their 5th amendment rights when asked to account for the money by the investigating committee!

Working out great for the taxpayer isn't it?

The amounts also do not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
The complete list of faltering or bankrupt green-energy companies:
  1. Evergreen Solar ($24 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($69 million)*
  5. AES’s subsidiary Eastern Energy ($17.1 million)
  6. Nevada Geothermal ($98.5 million)
  7. SunPower ($1.5 billion)
  8. First Solar ($1.46 billion)
  9. Babcock and Brown ($178 million)
  10. EnerDel’s subsidiary Ener1 ($118.5 million)*
  11. Amonix ($5.9 million)
  12. National Renewable Energy Lab ($200 million)
  13. Fisker Automotive ($528 million)
  14. Abound Solar ($374 million)*
  15. A123 Systems ($279 million)*
  16. Willard and Kelsey Solar Group ($6 million)
  17. Johnson Controls ($299 million)
  18. Schneider Electric ($86 million)
  19. Brightsource ($1.6 billion)
  20. ECOtality ($126.2 million)
  21. Raser Technologies ($33 million)*
  22. Energy Conversion Devices ($13.3 million)*
  23. Mountain Plaza, Inc. ($2 million)*
  24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  25. Range Fuels ($80 million)*
  26. Thompson River Power ($6.4 million)*
  27. Stirling Energy Systems ($7 million)*
  28. LSP Energy ($2.1 billion)*
  29. UniSolar ($100 million)*
  30. Azure Dynamics ($120 million)*
  31. GreenVolts ($500,000)
  32. Vestas ($50 million)
  33. LG Chem’s subsidiary Compact Power ($150 million)
  34. Nordic Windpower ($16 million)*
  35. Navistar ($10 million)
  36. Satcon ($3 million)*

2 comments:

J.O.B. said...

Damning evidence? I would say so.
Any liberal Commenters see this will have quite a bit of researching to do.

-Sepp said...

Hahahahaha!...you said a liberal would do research!

Liberal "research" pretty much equates to waiting for Ed Schultz, Chris Mathews, Rev Al or, Maddow to mention any of it.

Until that happens, they just whine that it's all a "lie".

Like our friend Alpha-bat who flat out denied fast and furious ever happened...until msnbc could no longer hide it.

They live in denial until reality has to smack them upside the head and announce it's arrival weeks ago while they were sleeping.

Good ol Jeffio ranted and raved until the smack of reality forced him to shut the fuck up and avoid looking completely retarded.