Tuesday, March 06, 2012

Lame-stream ABC notices Obama'a many Solyndras

Obama's Solynrda formula. Get $40 to $400 million or more tax money from Obama's Steve Chu, pay your executive 6-figure bonuses, go bankrupt, lay off all employees. Then Repeat for Beacon Power, repeat for Joe Biden's EnerDel, repeat for Nancy Pelosi's pet, repeat until Obama gets reelected.

Now even the lame-strem media can no longer pretend that this is just one rotten company. It is one rotten administration.

ABC News
President Obama's Department of Energy helped finance several green energy companies that later fell into bankruptcy -- but not before the firms doled out six-figure bonuses and payouts to top executives, a Center for Public Integrity and ABC News investigation found. Take, for instance, Beacon Power Corp., the second recipient of an Energy Department loan guarantee in 2009. In March 2010, the Massachusetts energy storage company paid cash bonuses of $259,285 to three executives in part due to progress made on the $43 million energy loan, Securities and Exchange Commission records show.

No comments: