Just an unbelievable waste of taxpayer dollars yet this President complains about $4 billion in subsidies to oil companies that actually provide something. Read this:
In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama’s top administration officials declared bankruptcy today.
Solar Trust for America received $2.1 billion in conditional loan guarantees from the Department of Energy — “the largest amount ever offered to a solar project, “according to Energy Secretary Steven Chu – for a project near Blythe, Calif., but declared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.
SOURCE: http://campaign2012.washingtonexaminer.com
