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Obama's "green" jobs initiative (view source)
Revision as of 18:30, April 9, 2019
, 18:30, April 9, 2019→top: HTTP --> HTTPS #3, replaced: http://www.npr.org → https://www.npr.org
The [[Heritage Foundation]] released a report<ref>http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/</ref> documenting the failures of Obama's foray into these green jobs. Taxpayer money was handed out to companies based largely on cronyism; corruption was rampant, and the end result for most of the thirty-six companies on this list was bankruptcy, billions of taxpayer dollars lost, and more than 1,900 criminal investigations pending.
The [[Heritage Foundation]] released a report<ref>http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/</ref> documenting the failures of Obama's foray into these green jobs. Taxpayer money was handed out to companies based largely on cronyism; corruption was rampant, and the end result for most of the thirty-six companies on this list was bankruptcy, billions of taxpayer dollars lost, and more than 1,900 criminal investigations pending.
Despite the well-publicized bankruptcies of numerous loans guaranteed by the Department of Energy Loans Program office,the program was reported in November 2014 to be in the black by $30 million.<ref>http://www.npr.org/2014/11/13/363572151/after-solyndra-loss-u-s-energy-loan-program-turning-a-profit</ref> Though it was never designed to be a money maker, as of 2014, the program collected $810 million in interest that more than offset the amount of defaulted loans. As of 2017, the program is still active.<ref>https://energy.gov/lpo/portfolio/portfolio-projects</ref><ref>http://www.washingtonguardian.com/stimulating-investigation</ref>
Despite the well-publicized bankruptcies of numerous loans guaranteed by the Department of Energy Loans Program office,the program was reported in November 2014 to be in the black by $30 million.<ref>https://www.npr.org/2014/11/13/363572151/after-solyndra-loss-u-s-energy-loan-program-turning-a-profit</ref> Though it was never designed to be a money maker, as of 2014, the program collected $810 million in interest that more than offset the amount of defaulted loans. As of 2017, the program is still active.<ref>https://energy.gov/lpo/portfolio/portfolio-projects</ref><ref>http://www.washingtonguardian.com/stimulating-investigation</ref>
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