Another one bites the dust! Sorry taxpayers!!!!!!
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Another one bites the dust! Sorry taxpayers!!!!!!

  1. #1
    Red Blooded American The Doctor's Avatar
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    Default Another one bites the dust! Sorry taxpayers!!!!!!

    Yet, another green company has filed for bankruptcy after receiving its handsome loan from the Kenyan's department of energy. Only real question is which campaign contributing buddy profited from all that money before they closed down their shell corporation.

    Second Energy Department-backed company goes bankrupt - The Hill's E2-Wire
    The best things in life aren't things!

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  3. #2
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    Yep, saw that this morning and yesterday I read where the Obama Administration is going to lauch a full blown Investigation into the loans made by the DOE.......Ya right baby......Get there 1st and shred the proof before Issa and the rest can use it.

    Karsten

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    Default Belly up...?

    Once again I'll say there has to be a way to salvage the taxpayers dime on these companies that keep going under. I'd really like to know just how "top heavy" these payrolls were, and could a different management team go into these failing companies and make them profitable??? From what I've seen there is an ungodly amount of machinery and equipment in these places, surely some of that specialized equipment can be put to use.... With thousands of people in those areas on welfare and unemployment it would stand to reason a sufficient workforce could be found at a much lower pay rate and something salvaged........To just say they are a total loss seems really stupid. Just reorganize them while trimming the fat off the top..... Prisoners are a possibility, as are those collecting welfare, hell, even disabled workers could do something???..... I know I would jump at a chance to earn a few extra "race bucks" as a part timer.....
    Ray
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  5. #4
    Red Blooded American The Doctor's Avatar
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    Government has guaranteed loans for good things for years. These don't apply. These organizations neither had a proven track record, not a sound business model to sustain themselves. These were simply wasted money from an inept administration that is paying back buddies for campaign contributions or throwing money at green rainbows. In most cases, it's both.
    The best things in life aren't things!

  6. #5
    Senior Member 500BBC's Avatar
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    There's your change, hope he doesn't do it again.
    "Pot had helped, and booze; maybe a little blow when you could afford it. Not smack, though" President Barack Obama.

    Liberals just chose to ignore relevant information about the world they live in, and then call themselves sophisticated for having chosen to be more stupid than God made them.

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