UNREAL … YOUR HARD EARNED TAX DOLLARS HANDED OVER TO SO-CALLED GREEN ENERGY AND NO ACCOUNTABILITY.
The Daily Caller is reporting that the IRS has handed out billions of dollars to support Barack Obama’s green energy projects. You know, those one’s like those unsuccessful and bankrupt companies like Solyndra. And it gets worse, if possible. The IRS is not tracking the money to see how it was being spent. ARE YOU KIDDING, WHEN WILL THIS ALL STOP!!! The IRS, the organization who makes people’s lives miserable for not properly tracking their income, does not have to do the same with tax payer dollars? Talk about the ultimate in hypocrisy. Honestly, the IRS really does need to be abolished and converted into an entity that just counts the tax revenue sent in by Americans from a flat or fair tax and no longer allowed to harass or divvy out monies at the bequest of a president.
A new government watchdog report found that the Internal Revenue service has handed out billions of dollars to support green energy projects, and then failed to mention how the money was spent on building new power generation.
The Government Accountability Office (GAO) reports that IRS tax subsidies to green energy operators “accounted for an estimated $13.7 billion in forgone revenue to the federal government for renewable projects and $1.4 billion for traditional projects” between 2004 and 2013.
That’s a lot of money, but the IRS can’t (or won’t) tell government auditors how much green energy generating capacity their tax subsidies are supporting. The GAO says the IRS “is not required to collect project level data from all taxpayers” who claim an Investment Tax Credit (ITC) or Production Tax Credit (PTC).
“IRS officials stated that IRS is unlikely to collect additional data on these tax credits unless it is directed to do so,” the GAO reported. “Since 1994, GAO has encouraged greater scrutiny of tax expenditures, including data collection. Without project-level data on the ITC and PTC, Congress cannot evaluate their effectiveness as it considers whether to reauthorize or extend them.”
It’s settled science … bio-fuels made from corn worse than gas in emitting greenhouse gases …
What say you Barack Obama, Al Gore and the rest? According to a federal government paid for study, bio-fuels made from leftovers of harvested corn plants release 7% more greenhouse gases as compared to conventional, evil gasoline. Let me repeat that, this was a paid for federal government study. So not only are we creating a fuel that is more harmful, as they say, to the environment, they are taking the food source away from human and animal usage.
Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration’s conclusions that they are a much cleaner oil alternative and will help combat climate change.
A $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal Nature Climate Change concludes that biofuels made with corn residue release 7 percent more greenhouse gases in the early years compared with conventional gasoline.
While biofuels are better in the long run, the study says they won’t meet a standard set in a 2007 energy law to qualify as renewable fuel.
build subsidies it, it will fail …
Hate it when that happens, eh environmental wackos? Here comes the priceless part, the LEFT and Obama admin officials is criticizing the study as flawed. HAHAHA!!! What’s the matter, don’t like it when the results that you paid for don’t fit your liberal agenda? These are the people that demonize those that do not believe that man is responsible for global warming, oh sorry what do they call it these days, climate change.
The conclusions deal a blow to what are known as cellulosic biofuels, which have received more than a billion dollars in federal support but have struggled to meet volume targets mandated by law. About half of the initial market in cellulosics is expected to be derived from corn residue.
The biofuel industry and administration officials immediately criticized the research as flawed. They said it was too simplistic in its analysis of carbon loss from soil, which can vary over a single field, and vastly overestimated how much residue farmers actually would remove once the market gets underway.
OK, can we please stop pretending biofuel made from corn is helping the planet and the environment? With huge subsidies for ethanol in gasoline, with all States now selling gasoline having some ethanol blend, and a general misconception that these biofuels are green, corn ethanol has taken on a $30 billion/yr life of its own.
The United Nations Intergovernmental Panel on Climate Change released two of its Working Group reports at the end of last month (WGI and WGIII), and their short discussion of biofuels has ignited a fierce debate as to whether they’re of any environmental benefit at all.
President Barack Obama’s presidency in a nutshell … his greatest failure is his signature piece of legislation, Obamacare.
According to a recent Gallup poll, Barack Obama greatest failure of his presidency to date by an overwhelming number of 36% has been Obamacare, followed by not getting along with Congress and working with Republicans (9%), lack of communication (5%), lack of leadership (4%) and so on. When it comes to Obama’s failures, there is so many to chose from. You could have answered the questions of Obama’s failures, the jobless job recovery, the economy, real unemployment, record number of Americans on food stamps, record $17 trillion debt, wasteful spending, investments in green energy, the scandals (IRS-gate, Fast & Furious, Benghazi-gate, AP-gate, Fox/Rosen-gate, NSA spy-gate), Middle East Arab Spring, Libya, Egypt, etc.
On the other hand, Republicans (50%) and Democrats (25%) alike are most likely to mention Obamacare as the president’s biggest failure, although Republicans are twice as likely to do so. This suggests that even Democrats recognize the negative issues associated with the new healthcare law and its implementation. Republicans also cite Obama’s lack of communication and lack of leadership as a failure, while Democrats mention his inability to get along with Congress and Republicans, his lack of communication, lack of immigration reform, lack of leadership, and his inability to bring all troops home.
Hey America, did I tell you that you can keep your healthcare if you like it?
I am not quite sure what some of these media outlets like CNN and … are reporting that Obamacare in Barack Obama’s greatest achievement and failure. Take a look at the poll below, “Nothing/None” at 23% is #1 as Obama’s greatest achievement to date, the ACA/Obamacare is second. Honestly, one would have to be hard pressed to name anything that this president has accomplished that would be considered an achievement and benfit for the United States of America.
Obama Administration: It’s Ok for “Green Energy” Wind Turbines to Kill or Injure Bald or Golden Eagles without Penalty Because We’re Trying to Save the Environment
THE HYPOCRISY AND DOUBLE STANDARD OF THE LIBERAL ENVIRONMENTALISTS … DEATH PANELS FOR EAGLES.
So not only does Obama pick winners and losers with regard to energy companies, he also picks who can kill and who can’t. The shameful new rule enacted by Obama’s Interior Department makes it possible for green energy companies to slaughter Bald and Golden eagles without penalty for 30 years. UNREAL. Big Oil harms some water fowl and these people lose their minds and talk about the evils of oil. However, Big Green Wind kills eagles and other birds and that is perfectly acceptable. What a fraud these liberal groups are that claim to protect the Earth and the Eco-system. As long as so-called “green” energy kills the symbol of the United States, that bis perfectly ok, but of coal, oil, gas injures a worm … then that is a national tragedy. This president will do anything to pander to his liberal base and make it all political. I would ask Mr. President, how is this fair to the Eagles?
The Obama administration said Friday it will allow some companies to kill or injure bald and golden eagles for up to 30 years without penalty, an effort to spur development and investment in green energy.
The change, requested by the wind energy industry, will provide legal protection for the lifespan of wind farms and other projects for which companies obtain a permit and make efforts to avoid killing the birds.
An investigation by The Associated Press earlier this year documented the illegal killing of eagles around wind farms, the Obama administration’s reluctance to prosecute such cases and its willingness to help keep the scope of the eagle deaths secret. The White House has championed wind power, a pollution-free energy intended to ease global warming, as a cornerstone of President Barack Obama’s energy plan.
According to the Washington Times, wind energy facilities have killed at least 67 golden and bald eagles in the last five years, but the figure could be much higher, according to a new scientific study by government biologists. Hmm, so why doesn’t Obama and his liberal environmentalists put the same type of restrictions of “killer” wind turbines that they do to the coal, gas and oil industry? How come wind farm companies do not have to build protective cages around the turbines like a common fan has to protect birds from flying into the blades? This administration certainly has no issue with costly expenses when it comes to regulating other forms of energy.
Just curious, why aren’t wind farm companies regulated to put protective covers over their blades like a common fan?
More from Breitbart.com, It’s okay to kill Eagles because Obama said so.
Wildlife conservationists are livid at the Obama administration’s approval of a new rule that extends wind farms leases up to 30 years. On Friday, wildlife protection groups decried the new regulation as a “stunningly bad move” that gives wind power companies the ability to kill eagles and other birds for the next 30 years.
The Wildlife Society Bulletin approximates that 573,000 birds and 888,000 bats are killed by flying into wind turbines every year. National Audubon Society President David Yarnold expressed his anger over the Obama administration’s new rule: “It’s outrageous that the government is sanctioning the killing of America’s symbol, the bald eagle.”
UPDATE I: The only one who has stepped to the plate is the Audubon Society. Interior Dept. Rule Greenlights Eagle Slaughter at Wind Farms, Says Audubon CEO … New Rule Will Authorize 30-Year Permits for Killing America’s National Bird.
Instead of balancing the need for conservation and renewable energy, Interior wrote the wind industry a blank check. It’s outrageous that the government is sanctioning the killing of America’s symbol, the Bald Eagle. Audubon will continue to look for reasonable, thoughtful partners to wean America off fossil fuels because that should be everyone’s highest priority. We have no choice but to challenge this decision, and all options are on the table.” (Statement from Audubon President and CEO David Yarnold)
UPDATE II: From Right Wing News … All this carnage just to provide a pittance, a miniscule amount of energy. But because it is deemed “green” it is okay to make Eagles blood red.
All to provide miniscule power while putting a blight on the landscape. Average delivered power is roughly 30-40% with very low power density (megawatts per square mile), since you need huge tracks of land/sea for the farm. Compare that to natural gas, which has an average delivered power in the upper 80?s, with an extremely high power density.
From page 193 of The Mad, Mad, Mad World Of Climatism via Right Wing News
Obama’s Failed Green Energy Policies: American Taxpayers Lose $139 Million on Fisker Automotive Loan
The Obama administration fumbles the ball again in picking Fisker Automotive and giving them our hard earned money …
What else could we expect from Barack Obama, but yet another failed policy costing the American tax payers millions in wasted money. This time it is Obama’s failed so-called green energy policies like Fisker Automotive and a $139 million loss. Great, now we are selling off $192 million defaulted loans to the Chinese for $25 million. Thanks Barack Obama.
Happy Thanksgiving from the Obama administration. The Energy Department has sold off its $192 million loan guarantee to Fisker Automotive to Chinese billionaire Richard Li for $25 million — the biggest taxpayer loss on a green loan since the failure of Solyndra.
The Energy Department will announce the “selling of the promissory note” to Hybrid Tech, which is owned by Chinese billionaire Richard Li, according to sources familiar with the sale. The DOE sold the loan to Li for $25 million after lending the financially troubled green automaker a total of $192 million since 2009.
“Once again, American taxpayers are losing out to foreign investors due to the Obama administration’s failed green energy policies. Time after time this administration has fumbled the ball with their attempts to pick winners and losers when it comes to American energy,” House Energy and Commerce Committee vice chairman Marsha Blackburn, a Tennessee Republican, said in a statement to The Daily Caller News Foundation.
“As a result of President Obama’s misguided policies, the Department of Energy Loan Guarantee program is quickly becoming a highly utilized stimulus program for foreign investors,” she added.
Including the $25 million loan sale, the DOE has recovered only $53 million of the original $192 million disbursed — netting taxpayers a $139 million loss.
Fisker was awarded a $529 million loan guarantee by the Obama administration in 2009 to produce a luxury hybrid car, the Karma, which sold for a $103,000 per unit. However, failure to meet Energy Department benchmarks to receive funding resulted in the company losing its loan guarantee in 2011
Posted November 23, 2013 by Scared Monkeys
Bankruptcy, Barack Obama, Campaigner in Chief, Chicago-Style Politics, China, Community Agitator, cronyism, Democrats, Energy, Epic Fail, Government, Green Energy, Green Jobs, Misleader, Obamanation, Obamanomics, Outsourcing Jobs, Socialist in Chief, Wasteful Spending, WTF | 2 comments
Senator Joe Manchin (D-WV) Loses in Mind on Barack Obama Over Obama’s War on Coal … “This Is Ridiculous … I Am Batting My Own President and My Own Government!”
THE DIVIDER IN CHIEF IS EVEN DIVIDING HIS OWN PARTY … BARACK OBAMA’S WAR ON COAL SENDS DEMOCRAT WEST VA SENATOR OVER THE TOP AGAINST PRESIDENT BARACK OBAMA …
Obama to Manchin, support me in 2012 for president Joe, I was just kidding about killing coal.
This morning on FOX News ‘Fox & Friends’ US Senator Joe Manchin lost his mind and blew his cool in reaction to President Obama’s speech yesterday regarding “climate change” and his war on coal. Manchin’s state of West Virginia would lose countless jobs due to Obama’s war on coal. In essence Obama has declared a war on coal, a war on jobs and a war on West Virginia. Joe Manchin described wgat Obama was doing as a ‘War on America’. WOW, Manchin is a DEM. This is a must see video below as a Democrat openly attacks Obama for his misguided liberal energy policy. After all, it was Obama who basically called Manchin, a member of his own political party, a flat earther. Manchin angrily went on to say, “It’s just ridiculous that I, as a U.S. senator, am battling my own president and my own government. … I’m willing to reach out but I don’t need adversaries here. I need a partner!” Of course I am not sure what politicians from coal states like West Virginia and Ohio thought Obama was going to do? He promised to kill coal during the campaign. And just a heads up to the foolish Sen. Sherrod Brown, liberal Democrat from coal-rich Ohio, you can’t do what Obama is talking about, kill coal and create jobs. What planet do you live on?
President Obama has angered lawmakers on both sides of the aisle by calling for new regulations on coal-fired power plants. One of them is Democratic Senator Joe Manchin from coal-industry driven West Virginia. Manchin argues that Obama’s proposed regulations will kill jobs and when asked by Fox & Friends host Steve Doocy today how angry he was by the president’s proposal, he replied, “I don’t think you have a scale . … It’s just ridiculous. It’s just ridiculous that I, as a U.S. senator, am battling my own president and my own government. … I’m willing to reach out but I don’t need adversaries here. I need a partner!”
Another Obama “green” energy company fails miserably … Another One Bites the Dust.
According to the WSJ, electric car maker Coda has filed for chapter 11 bankruptcy. The company’s lone passenger car, the CODA sedan debut in March 2012 went poorly; less than 100 units were sold. 100!!! Or what we like to call Obamanomics in action. The company blamed the car’s flop on a variety of factors, including stunted demand for electric vehicles, adverse macroeconomic conditions and insufficient capital to effectively market the car. The fact of the matter is no one is going to pay $38,000 for am electric car. There is no demand for them and if there were the price would have to be cut in half and that does not men by getting a federal government rebate.
Electric car maker Coda Holdings Inc. filed for Chapter 11 protection from creditors after pronouncing its $38,000 sedan “a commercial disappointment” and failing to sell its assets outside of bankruptcy.
The company’s lone passenger car, the CODA sedan, was plagued by delays. Its eventual market debut in March 2012 went poorly; less than 100 units were sold, “falling well short of the company’s expectations,” according to the Los Angeles company’s bankruptcy filings.
A group of lenders led by an affiliate of Fortress Investment Group FIG 0.00%is offering about $25 million for the assets and may use debt to cover that price, according to documents filed in a Wilmington, Del., bankruptcy court. The group also is providing the company with a $5 million loan intended to keep Coda afloat as it navigates Chapter 11
Yet just another example of more poor Obama investments in so-called “Green” energy companies …
Add Fisker Automotive to the long list of Obama’s green energy investment failures. As reported at Bloomberg, Fisker Automotive is firing as much as 75% of workforce. President Barack Obama and the Department of Energy should be forced to explain to the “We the People” why they pissed away the American tax payers hard earned money and continue to do so with these wasteful investments in to so-called green energy. When will the MSM ever do their job and hold Obama accountable? When will the American people ever wake up and do the same?
Fisker Automotive Inc.’s mass firings after receiving federal loans to build luxury plug-in cars is adding to the political debate over the U.S. government’s funding of clean-energy programs.
Most of the assets of Fisker’s battery supplier that received a $249.1 million federal grant, the former A123 Systems Inc. (AONEQ), were acquired last year by a Chinese company. Now Fisker, awarded $529 million in U.S. loans, is firing 75 percent of its workforce after failing to secure a deal with an automotive partner to fund operations.
The debacle is reviving questions over whether the government should be funding makers of alternative energy ventures. Fisker and A123, whose bankruptcy halted Fisker’s output, have drawn Republican criticism of President Barack Obama’s support of green-energy programs intended to spur more fuel-efficient cars.
How long will it be until Fisker Automotive declares bankruptcy? Its already on the list of Obama’s green energy investment failures. Obama’s green energy investments have been a joke, now they are officially a complete joke.
- Evergreen Solar ($25 million)*
- SpectraWatt ($500,000)*
- Solyndra ($535 million)*
- Beacon Power ($43 million)*
- Nevada Geothermal ($98.5 million)
- SunPower ($1.2 billion)
- First Solar ($1.46 billion)
- Babcock and Brown ($178 million)
- EnerDel’s subsidiary Ener1 ($118.5 million)*
- Amonix ($5.9 million)
- Fisker Automotive ($529 million)
- Abound Solar ($400 million)*
- A123 Systems ($279 million)*
- Willard and Kelsey Solar Group ($700,981)*
- Johnson Controls ($299 million)
- Schneider Electric ($86 million)
- Brightsource ($1.6 billion)
- ECOtality ($126.2 million)
- Raser Technologies ($33 million)*
- Energy Conversion Devices ($13.3 million)*
- Mountain Plaza, Inc. ($2 million)*
- Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
- Range Fuels ($80 million)*
- Thompson River Power ($6.5 million)*
- Stirling Energy Systems ($7 million)*
- Azure Dynamics ($5.4 million)*
- GreenVolts ($500,000)
- Vestas ($50 million)
- LG Chem’s subsidiary Compact Power ($151 million)
- Nordic Windpower ($16 million)*
- Navistar ($39 million)
- Satcon ($3 million)*
- Konarka Technologies Inc. ($20 million)*
- Mascoma Corp. ($100 million)
Barack Obama Unveils $500 Million Gun Violence Package Including Putting 1,000 Police Officers in Schools … I Thought the LEFT Scoffed at Police in Schools Suggested by the NRA?
TALK ABOUT LOST IN SMALLNESS … OBAMA UNVEILS $500 Million GUN VIOLENCE PACKAGE AND PLANS TO PUT 1000 POLICE OFFICERS IN SCHOOLS.
Today President Barack Obama unveiled a $500 million gun violence plan that included plans to put 1000 police officers in schools. Ok, three things come to mind here that are quite telling and somewhat interesting with regards to Obama’s anti-2nd Amendment agenda in the wake of the Sandy Hook Elementary school shootings. He also proposed his 23 executive orders that in retrospect looked rather weak and lame.
500 million dollars!!!
One, $500 million, that’s it? Barack Obama throws billions around like its water. Obama gave failed green energy companies Solyndra $535 million, Fisker Automotive $529 million, Abound Solar $400 million, Willard and Kelsey Solar Group $700,981, let alone the rest of the green energy boondoggle failures. Yet, when it comes to the safety of the children Obama can only muster a measly $500 million. WOW, how big of him. The above referenced failed companies were provided over $2 billion of tax payer dollars, yet he comes up with $500 million for the children’s safety. NICE!
Two, 1000 police officers? That’s it? How small can this president be? As of 2010, from the National Center for Educational Statistics there were a reported approximate 98,000 schools in the United States of which 67,000 were elementary schools. To put this in its proper perspective, 1000 police officers represents 1% of all schools and 1.5% of elementary schools. Really Mr. President, that’s your plan to keep the children safe from gun violence like what occurred at Sandy Hook, placing police in 1% of schools in America? “We the People” can you understand now why I say that Obama is not serious at all?
Three, how is it that Obama is putting any police officers in schools after NBC’s David Gregory and the collective LEFT mocked the NRA’s Wayne LaPierre for proposing that armed guards be at every school in America. The LEFT lost their collective minds when this was suggested, yet Obama considered it, well kinda. So instead Obama split the difference and suggested putting police officers in 1% of the schools. Meanwhile his children are well protected by armed men with guns. No one is saying that Obama’s children should not be protected, of course they should. However, they are no more important than other American parents children. How is it that “We the People’s” children are not deemed worthy of protection as well?
Braced for a fight, President Barack Obama on Wednesday unveiled the most sweeping proposals for curbing gun violence in two decades, pressing a reluctant Congress to pass universal background checks and bans on military-style assault weapons and high-capacity ammunition magazines like the ones used in the Newtown, Conn., school shooting.
But the president, speaking at White House ceremony, focused his attention on the divided Congress, saying only lawmakers could enact the most effective measures for preventing more mass shootings.
“To make a real and lasting difference, Congress must act,” Obama said. “And Congress must act soon.”
The president vowed to use “whatever weight this office holds” to press lawmakers into action on his $500 million plan. He is also calling for improvements in school safety, including putting 1,000 police officers in schools and bolstering mental health care by training more health professionals to deal with young people who may be at risk.
Even supportive lawmakers say the president’s gun control proposals – most of which are opposed by the powerful National Rifle Association – face long odds on Capitol Hill.
Posted January 16, 2013 by Scared Monkeys
2nd Amendment, America - United States, Barack Obama, Child Welfare, Community Agitator, Crime, Double Standard, Education, Elementary School, Facebook, Green Energy, Green Jobs, Gun Control, Liberals, NRA, Solyndra, Solyndra, The Dodger in Chief, US Constitution, We the People, WTF | 6 comments
Another One bites the dust …
Add A123 Systems to Barack Obama’s list of failed green energy companies. A123 received a $249.1 million federal grant in 2009 to build a U.S. factory. I then needed a financial lifeline after struggling with costs from a recall of batteries supplied to Fisker Automotive. Now the company is in debt default. Now according to A123, “The company may not have sufficient cash to fund operations and may need to seek the protections provided under the U.S. Bankruptcy Code.”
VIDEO Hat Tip: The Gateway Pundit
A123 Systems Inc. (AONE), the maker of lithium-ion batteries for electric cars, said it may run out of cash to fund operations and may need to seek bankruptcy protection.
A123 expects to be in default under material debt agreements today, the Waltham, Massachusetts-based company said yesterday in a regulatory filing. A123 didn’t expect to be on time with an interest payment due yesterday on $143.8 million of notes expiring in 2016, or to make a payment due yesterday on $2.76 million in outstanding 6 percent notes, according to the filing.
UPDATE I: From Weasel Zippers … President Barack Obama praised the company as a success in 2010. Barack Obama certainly knows how to “not” pick them. Just yet another Obama “green” failure at the expense of the US tax payer.