Wednesday, October 12, 2011

Another Solar Power Scandal Twice as Big!

Another FAILING Californiia Solar Power Company, who's main lobbyist was son of Democrat George Miller, has successfully received $1.2 BILLION taxpayer backed loans for an already failing, in the hole company, that Obama touted would create all these jobs! Total jobs in the US..15, or $80 million each! The rest of the jobs went to Mexico! Obama's Energy Dept granted the loan late on Sept 30, just before the deadline was expiring for these types of loans! And get this! In 2007, their stocks were over $100 per share. When the loan was given 2 weeks ago, the shares were $9.00, and the company was $870 MILLION in debt! That's almost the entirety of the loan amount! Talk about the fix being in for us taxpayers! This should be criminal!

Crooks! In Bed With The White House!
                                      

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