Posts Tagged ‘Scams’
The radical, Marxist Environmentalist agenda has always been about destroying capitalism and industry. It has nothing to do with “saving the planet.” Since the “science” facade of Global Warming is quickly falling apart, their goal is to impose their agenda by force as quickly as possible before the game is up.
So much for the denials. An administration that throughout its 2012 election campaign denied it was waging a War on Coal has now come out and publicly declared its intention to shut down coal-fired power plants – putting hundreds of thousands of Americans out of work and sending electricity prices skyrocketing.
This is not what the American people voted for.
[...] Obama made clear in his speech that he intends to impose regulations on existing coal plants that can only be met through carbon capture and storage (technology that doesn’t exist on a commercial scale), switching to natural gas, or shutting down completely.
Coal still produces 37 percent of U.S. electricity. A Heritage Foundation analysis found that implementing Obama’s proposed regulation on existing coal plants would destroy more than 500,000 jobs, slash the income of a typical family of four more than $1,400 a year, and increase electricity prices at least 20 percent. Price spikes could be much higher in states that depend heavily on coal-fired power plants, especially in the Midwest. President Obama once famously explained that he intended to make electricity prices “necessarily skyrocket.”
Of course, Obama’s plan is to go around the constitution’s separation of powers and impose his agenda by executive diktat:
Under pressure from environmentalists, President Barack Obama’s new plan to tackle global warming relies on executive power to corral power plants.
The president calls for the Environmental Protection Agency to “expeditiously” set limits on carbon dioxide emissions for new and existing power plants, a move that will be hailed by environmentalists and decried as debilitating by the struggling coal industry.
“To accomplish these goals, President Obama is issuing a Presidential Memorandum directing the Environmental Protection Agency to work expeditiously to complete carbon pollution standards for both new and existing power plants,” states the Obama plan.
[...] Obama’s announcement comes at a time when cracks are starting to show in the science surrounding global warming, as global temperatures stopped rising about 15 years ago.
Boomtown 2: The Business Of Food Stamps
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For the Left, this is all part of the Cloward-Piven strategy to overwhelm the system with impossible demands, bringing about an inevitable collapse that will set the stage for a Communist revolution.
For corporations vying for their turn at the taxpayer trough, this is a dance with the devil…and they don’t even realize it.
“Boomtown 1: Washington, The Imperial City” exposed the cronyism and luxurious lifestyle of Washington, DC’s power elite. On Friday “Boomtown 2: The Business of Food Stamps” Government Accountability Institute (GAI) President Peter Schweizer and Breitbart News Executive Chairman Stephen K. Bannon exposed how politicians and corporations have used the country’s food stamps program to profit on the backs of tax payers.
Though the food stamps program was always meant to be a “safety net” to provide temporary assistance, Schweizer pointed out that it has “become an insider game of power and profit” for corporations who are attempting to get a slice of the $75 billiion provided by the taxpayers.
[...] The GAI president points out that the food stamps program was intended to provide basic foods, but has grown to include all types of things including soft drinks and fast food. We have also pointed out that the food stamps program has been used to purchase guns, drugs and pay for strippers and massage parlors, not to mention that the USDA has targeted illegal aliens for the program.
The fraud of the food stamps program has grown since EBT cards were issued in 2002, which gave no reason for either government or corporations to look to reform the system or limit the fraud.
The Obama administration is proudly shattering welfare records with an astonishing number of people collecting public benefits long term, especially food stamps.
In fact, as I discussed in a special to be aired on Hannity tonight, Obama and his friends have actually found a way to meld corporate cronyism with food stamp abuse to line their pockets while undermining our election systems at the same time.
Under Obama, the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, has exploded with a record number of people – 46 million and growing – getting free groceries from the American taxpayer. Adding insult to injury, a federal audit revealed last year that many who don’t qualify for food stamps now receive them under a new “broad-based” eligibility program that disregards income and asset requirements.
Obama says the food stamp extension is part of his intention to eradicate “food insecure households.” However, it’s really part of a massive redistribution of wealth. Last year, taxpayers were forced to pay more than $80 billion, including an estimated $750 million a year in outright fraud.
[...] According to the study, the current food stamp Electronic Benefit Transfer (EBT) card industry is dominated by three main players: J.P. Morgan Electronic Financial Services, Affiliated Computer Services, and eFunds. Together they collect money from 49 states and three territories. In fact, since 2004, 18 of 24 states that contract with J.P. Morgan have paid more than $560 million to the financial monolith.
There is little wonder then that those three companies appear to be perfectly content with the exploding food stamp rolls – and wholly unconcerned about rampant fraud and abuse. As the GAI study observed, “The more persons enrolled in the program, the more money the EBT industry makes.” That may also help explain why, when the state of Florida initiated an eight-month program to detect and prevent fraud among its three million EBT card users, J.P. Morgan saw fit to assign just one employee to the program.
And then there is this: During the 2008 election, Barack Obama received more than $800,000 from J.P. Morgan alone. After his election, the American Recovery and Reinvestment Act, initiated by Obama and passed by a compliant Congress, made two major changes to existing food stamp policies. First, it increased benefits by 13.6 percent. Second, it actively encouraged states to add more recipients to their food stamp rolls.
And the corporate cronyism and political payoffs don’t end there. The House and Senate Agricultural Committees have jurisdiction over all food assistance and distribution programs, including the food stamp program. So, just as one might expect, analysis by the GAI uncovered a clear trend of increasing contributions to Agriculture Committee members of both the House and Senate on the part of J.P. Morgan that clearly coincides with their entry into the lucrative EBT card, food stamp market.
Between 1998 and 2002, JP Morgan’s total contributions per election cycle averaged $82,897. After the bank entered the EBT services market until the 2010 election cycle, their average donation per cycle more than doubled to $215,120. And the Agriculture Committees, in turn, have broadly expanded the number of food stamp recipients.
Of course, the more recipients that are added to the food stamp rolls, the more voters Obama can count on at election time. And the offshoots of Obama’s former client and campaign partner ACORN not only assure that those voters are registered but also that they know to whom they are beholden for their government handouts.
ObamaCare provides millions of dollars in grants to hire community activists and others as “navigators” to assist individuals enroll in health insurance provided by state or federal exchanges and, according to recent reports, register people to vote. In a new rule proposed Wednesday, HHS lays out numerous guidelines for these “navigators”, including paying them up to $48/hour for their work. The rule, guidelines and voter registration effort are a potential vehicle to resurrect ACORN or an ACORN-like entity.
[...] Requirements for “navigators” is that they have no existing insurance licenses or certifications, conflicting with several recently enacted state laws. They also must be attuned to racial, ethnic and cultural sensitivities, understand “underserved communities” and provide translation services for virtually every language. AARP, NAACP and SEIU are prominent members of Enroll America’s advisory board.
One health expert with close ties to HHS told Breitbart News, ”The navigator program, as evidenced by the leadership of Enroll America and yesterday’s rule from CMS, will be a jobs program for unemployable Obama For America campaign volunteers and ACORN remnants.”
[...] October 1st is the first day individuals can enroll for a program through the exchanges. The government, as a result, will have to hire and train tens of thousands of workers on the complex subject of health insurance over the next few months. Think of it as an enormous census program with less training for a more complex subject.
The rules allow navigators to come from the ranks of unions, health providers and community action groups such as ACORN and Planned Parenthood. They are required to provide unbiased advice.
Yeah, right. Good luck enforcing that!
Sorry, peasants. If you’re just an average citizen wanting a tour of the “People’s House” for your duly elected public servants, you’re out of luck.
If you’re a big donor to Obama’s revamped campaign arm, “Organizing For Action,” however, we’ll be happy to grant you a front row seat to the King Obama.
Once, only nobles were granted an audience with the King.
In America, we’ve prided ourselves on abandoning those privileges of class some 237 years ago, following that little uprising in the 13 colonies.
And we again congratulated ourselves at 12:01 pm Eastern Time on January 20, 2009, just moments after Barack Obama was sworn in as the 44th president of the United States and as he committed to making his administration the most transparent and open in history.
But more than four years later it is time to ask questions. The most transparent administration ever? The most transparently political, yes. The most open government? If you have the money to buy access, yes.
Since last weekend, Mr and Mrs Regular Citizen have been denied the access people used to be granted to tour the White House, purportedly because of the clampdown on federal spending since the “sequester” that imposed cuts across the board.
These tours, most recently guided by volunteers though monitored by paid Secret Service staff, have been an American tradition since John and Abigail Adams, the first White House residents, personally hosted receptions for the public.
And their cancellation is an austerity measure that saves a pittance, while more frivolous taxpayer funding for items like the White House dog walker continues.
Meanwhile, noble Americans can buy time with the president for a suggested donation of $500,000 to his new campaign group, Organising for Action.
Yes, the announcement offering access to the president for cold, hard cash was made openly and with total transparency. But it was also made without shame.
It’s the third version of Obama’s original monster campaign machine, Obama for America, which then morphed into a re-election campaign machine, Organising for America, on the third day of his first term.
It has now re-launched again as Organising for Action (OFA) – a non-profit, tax-exempt group headed by his former campaign advisers. Apparently no longer “for America”, the group might just as well be called Organising for Obama’s Agenda.
Its mission: to support the president in his attempt to achieve enactment of gun control, environmental policies and immigration reform.
Obama Supporters Accused Of Voter Fraud Testify In Ohio Hearing
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The surprise here isn’t that there was fraud. It’s that they actually being investigated at all. As long as this continues unchecked, with a slap on the wrist for those who get caught, a pat on the back for those who don’t, and accusations of “racist!” against anyone who dares to suggest voter ID, the Republicans will never win another significant election. Democrats will fix the outcome long before the votes are tallied.
“Yes, I voted twice,” Richardson told WCPO-TV. “I, after registering thousands of people, certainly wanted my vote to count, so I voted. I voted at the polls.”
Authorities also are investigating if she voted in the names of four other people, too, for a total of six votes in the 2012 presidential election.
“I’ll fight it for Mr. Obama and for Mr. Obama’s right to sit as president of the United States,” Richardson vowed when asked about the voter fraud investigation that is now under way.
Richardson is one of 19 people suspected of illegal voting by the Hamilton County Board of Elections in the last election.
“I’m outraged, and every voter, regardless of their political affiliation, should be outraged,” said Hamilton County Board of Elections member Alex Triantafilou, who is also chairman of the county Republican Party. “It causes folks to have real doubts about the fabric of our very democratic process, and it’s dangerous. It is disconcerting that someone would be so bold as to admit their conduct in such a fashion … We fully intend to prosecute these cases.”
On election day, there were poll watcher volunteers who were trained to spot this kind of fraud and report it before it got out of hand.
But the Obama campaign, intent on stealing the election, actually made lists of individual citizens to target specifically because they were there to help prevent voter fraud:
In an exclusive interview with Breitbart News, True the Vote shared emails between Obama staffers discussing targeting specific individuals they believed were associated with True the Vote in Hamilton County, Ohio. Official records obtained by True the Vote indicated that the private citizens on the Obama target list were poll clerks hired by the county–not observers placed by candidates.
The email’s author, current Consumer Financial Protection Bureau employee Scott Pluta, stated with certitude that these people were affiliated with True the Vote locally.
“There are a number of elements to this finding that are concerning,” True the Vote President Catherine Engelbrecht said. “The idea that an incumbent presidential campaign would build target lists on citizens that are specifically trained to detect fraudulent behavior in the polls is truly unnerving. You would think that kind of story would be told in developing nations, not the United States.”
That is downright chilling!
Liberal conspiracy theorists unite! Rolling Stone, Al Gore and others have already donned their tinfoil hats!
Hans Bader at Open Market calls it “Shades of McCarthyism“:
A government-funded study — paid for by the National Cancer Institute! — says (ridiculously) that Big Tobacco and Koch brothers created the Tea Party. The study is now being parroted by Al Gore. The study is based on strange reasoning, such as the fact that one group funded in small part by tobacco companies used the word “Tea Party” in passing in 2002, a group largely unrelated to the groups that later came into being and used it in 2009. (Because, obviously, no one had ever used the words “Tea Party” before the 21st century.) Never mind that much of America’s non-profits get money from tobacco companies, which fund countless causes, such as arts funding, domestic violence shelters, and non-profits across the political spectrum — the family behind Lorillard Tobacco is famously liberal and donates to liberal politicians. But Al Gore trumpets the study, relying on its taxpayer-funded status to buttress its credibility…
[...] As the Huffington Post notes, this “study” was “funded by the National Cancer Institute of the National Institute of Health.” The federal government has become so politicized that it can even use money intended for cancer research to demonize the administration’s critics.
The study was funded by federal taxpayer grants through the National Institutes of Health and its subsidiary the National Cancer Institute, both federal agencies. It’s difficult to tell how much grant money specifically went toward this study, but federal records show researchers at the university have received $7 million since 2007 to study tobacco issues.
Of course the Tea Party principles of limited government, fiscal responsibility and free enterprise must be a “tobacco issue,” right? That’s why they can redirect money that was intended for cancer research into opposition research and spinning conspiracy theories (who needs cancer cures when the REAL threat is those “right wing extremists”?).
The theory was developed because a study funded by the National Cancer Institute found that the Tobacco industry and Koch brothers advocated and organized for limited government, and even used the term Tea Party. Because, as we all know, before the Tobacco industry and Koch brothers advocated for limited government and used the term Tea Party, no one had ever done that in the entire history of the United States.
It is so stupid, and such an abuse of taxpayer funding, that one would have hoped it would die in the laboratory, but it was just the sort of crackpot theory to which the left-blogosphere inevitably would be drawn. And it has.
Would you expect anything less?
Tucked into the “fiscal cliff” tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles.
In all, more than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion. Congress routinely renews the tax package, attracting intense lobbying _ and campaign donations _ from businesses and trade groups that say the tax breaks help them prosper and create jobs.
[...] Sen. John McCain, R-Ariz., said the package is filled with “special-interest handouts” that make it difficult for him to justify his vote in favor of it.
“It’s hard to think of anything that could feed the cynicism of the American people more than larding up must-pass emergency legislation with giveaways to special interests and campaign contributors,” McCain said.
These missiles were capable of reaching Tel Aviv and Jerusalem. Iran hopes to use Gaza to distract Israel and tie up its resources as they work on the final stretch towards acquiring a nuclear weapon to obliterate Israel entirely.
Hundreds of Iranian-made, long-range missiles already smuggled into Gaza provided a secret sense of urgency behind Israel’s recent campaign against Hamas, and the the Jewish state acted with the Obama administration’s full knowledge, intelligence experts told FoxNews.com.
Jonathan Schanzer, a former counter-terrorism analyst at the U.S. Department of the Treasury, said the real agenda behind Israel’s assault last month on Hamas’ munitions stockpiles and smuggling tunnels was not simply to end the daily barrage of relatively primitive rockets that have become part of daily life in Israel. The real mission was to eliminate as many as 100 Iranian-built Fajr5 missiles – with the power to reach Tel Aviv – that had been sneaked into Gaza through Egypt. The Obama administration knew in advance of the operation and agreed that the missiles, built in a Sudanese factory, had to be neutralized to protect millions of Israeli citizens who were now within range of the deadly Iranian weapons, according to Schanzer.
“The U.S. was fully aware of what was going to come in Gaza,” Schanzer, now vice president of research at the Foundation for the Defense of Democracies, told FoxNews.com. “They said nothing for the first few days of the operation; there was dead silence from [Obama].”
Israel essentially achieved its main aims within the first few days, said Schanzer, noting that Michael Oren, Israel’s ambassador to the U.S., said as much when he remarked on Day Three of the campaign: “We have run out of good targets.”
Rocket attacks from Gaza were commonplace in Israel prior to the campaign, dubbed “Operation Pillar of Defense,” with at least 750 projectiles falling on the area close to the border since January. The attacks were ratcheted up in early November, which seemed to prompt Israel’s move and the deployment of its vaunted “Iron Dome” defense system. But behind the scenes, the Israel Defense Force (IDF) had a more pressing need to launch their intense bombardment on Hamas’ weapons stores.
Trying to negotiate a “cease fire” with Hamas is like trying to negotiate one with Al Qaeda. If they agree to it, it’s only to give themselves time to get stronger and more lethal.
It’s unreasonable to expect Israel to try and negotiate with terrorists who think it’s Allah’s will that all Jews be exterminated and wiped from the face of the earth.
The ceasefire began the way that the war did; with a flight of rockets falling from the sky over Israel’s battered south where working class families wait to learn if they will have to spend the night in safe rooms and shelters.
There is no ceasefire, despite declarations from the international community to the contrary, just as there has been no peace for the past twenty years despite peace accords being signed.
In the language of diplomacy, ceasefire does not mean that the rockets will stop falling and peace does not mean an end to the violence. They mean only that Israel is not allowed to fight back when the rockets fall and the bombs go off. Peace does not mean an absence of killing; what it means is that the terrorists are the only ones allowed to kill.
The ceasefire means that diplomacy has succeeded and the goal of diplomacy in the Middle East is not to make it possible for Israeli children to sleep safely at night, but to pull back Israel from finishing a war.
Diplomacy salvaged Cairo and Damascus after their Arab Socialist regimes began and lost two wars. It saved Arafat in Lebanon and plenty of times afterward. Diplomacy has protected Hamas nearly as many times as it saved the greasy thug of Ramallah. And that same onslaught of diplomacy has made Israel’s existence perilous and unstable, as its armed forces gather to reply to an attack only to be pulled back when there is any danger of them actually winning.
[...] What Israel wants is not to be shot at. What the terrorists want is to shoot at Israel. And the peace negotiations always conclude with the terrorists getting what they want, while the Israelis get bullet holes in their cars, stab wounds in their necks and blast debris in their ceilings.
Israelis accepted Oslo because it was supposed to mean an end to the violence. Instead the violence became permanent. And now peace isn’t even on the table anymore, only temporary ceasefires that mean the enemy has taken enough damage that it would like an opportunity to rearm and regroup. After giving up its security, Israel has traded in the promise of permanent peace for the offer of a temporary ceasefire that does not even pretend to do anything except benefit the enemies who are determined to destroy it.
Any ceasefire with Hamas, even in the best of all possible worlds, is only a temporary affair, a lull in the fighting, not an ideal to strive for, and even the lull part will be missing here. Ceasefires do not bring peace; they only unnecessarily prolong the war. Israel has signed on to peace accords to show that it wants peace. Now it signs on to ceasefires in order to show that it would rather not fight.
Of course, it was the Obama White House that pressured Israelto accept a “cease fire” agreement with their terrorist neighbors who are dedicated to their annihilation even though he himself admits that the deal is “tenuous” at best.
Israeli soldiers are so frustrated by this capitulation that some took a pic of themselves spelling out the words “Bibi loser” in Hebrew:
As Wednesday night’s cease-fire went into effect–amidst continuing rocket fire from Hamas–many Israeli reservists returned home disappointed that the government had not launched the ground attack for which they had been called up. One soldier, quoted by Ynetnews, said that “as a resident of Beersheba [which was hit by several rocket attacks] there is a sense of disappointment. (The violence) will repeat itself and we’ll find ourselves back here again and again. They (government) should have let us complete the mission.”
Much of the Israeli public agrees that a ground war would have been preferable to no war at all, given the continued threat of attacks from Gaza–and given that Hamas is declaring victory. A new poll suggests that support for Israeli prime minister Benjamin Netanyahu has fallen sharply, by as much as 25 percent, since he accepted the cease-fire, likely after intense pressure from the Obama administration. A poll prior to the cease-fire indicated that 70% of Israelis opposed it, and wanted to fight to remove Hamas from Gaza altogether.
Hamas is declaring victory, bragging that “the occupation and its army were forced to accept our conditions for a cease-fire.” They’re demanding a Palestinian state that includes all the land the Arabs lost in the 1967 war, and a “right of return” for terrorists. Iran is celebrating what it sees as evidence of Israel’s weakness.
Still, William Jacobson points out that it wasn’t a total loss for Israel:
There is no way to spin this as an Israeli victory. But that doesn’t make it a loss. Think big picture.
Israel probably destroyed 80% of Hamas’ capabilities, and thereby destroyed 80% of Iran’s southern base to launch attacks against Israel in the even of a war over Iran’s nuclear program. To achieve the remaining 20% would have required efforts which may have damaged Israel’s ability to deal with Iran.
The fact is that Israel never has a free hand. When the President of the United States calls up and explicitly or implicitly says Stop, an Israeli Prime Minister needs to think through the consequences of saying No.
There may be times when No is the answer, but yesterday was not one of those times, when there are more existential threats to be dealt with in the coming year.
Is he TRYING to start World War III?
Against GOP objections, Secretary of State Hillary Clinton has announced that the Obama administration is sending $147 million in funding to the West Bank and Hamas-run Gaza.
Despite a “hold by House Foreign Affairs Committee Chairwoman Ileana Ros-Lehtinen, R-Fla.,” the administration is arguing the money needs to be sent on humanitarian grounds. They did not, however, explain how they plan to force Hamas to use the money for humanitarian purposes.
That’s our taxpayer money at work, folks, funding the terrorists who attack our allies and use their own children as human shields.
Obama has also warned Israel not to “ramp up” their defense efforts against Hamas, claiming that it would threaten the non-existent “peace process” with the terrorists who want to wipe them off the face of the map.
No polite comment possible.
You think the current power grabs are bad? Just wait and see what happens if he’s re-elected and no longer accountable to the voters.
First President Obama said “the private sector is doing fine.” Then he lectured business owners, “you didn’t build that.” Now he wants to extend the government’s auto-industry takeover across the board. Mr. Obama simply cannot understand how the economy can function without government’s firm guiding hand.
At a campaign stop in Pueblo, Colo., on Wednesday, Mr. Obama touted the alleged success of his government-backed takeover of two-thirds of the domestic car business. “The American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”
The Obama administration ritually flaunts the General Motors bailout as its model of success, but “government motors” is actually a cautionary tale. The bailout cost taxpayers around $100 billion, which means the government coughed up around $780,000 for every American GM job that Mr. Obama claims he “saved.” The feds hold 500 million shares ofGM stock, which has plummeted almost 45 percent since its initial public offering.
Believing in GM’s resurgence is only possible through creative accounting. GM counts a car as “sold” when it arrives at a dealership, not when it is in the hands of a consumer. The increased “sales” the administration brags about are surplus cars sitting in dealer lots, a practice known as “channel stuffing.” In a healthy economy, dealers have approximately a two-month inventory on hand; GM now has over double that. So long as GM pumps out cars that are “bought” by dealers, Mr. Obama can continue to claim things are looking up. Of cars that are actually driven off the lot, many are being bought by the majority stockholder: the government. In June, government purchases of GMcars went up 79 percent. This is a Ponzi scheme, not an economy.
Project Veritas goes undercover to reveal where all our ‘stimulus’ tax money went to:
The Romney camp needs to shout these points from the rooftops. The average American who is too busy working and raising a family to pay close attention to politics is likely unaware of the depth of Obama’s scandalous cronyism, and they deserve to know!
President Obama’s record of rewarding political donors with taxpayer dollars and plum administration posts is facing a new round of scrutiny thanks to GOP challenger Mitt Romney’s effort to make it a central issue of the campaign.
“[President Obama] thinks it’s his right to give taxpayer money to those who have supported him financially,” former Gov. John Sununu (R., N.H.) said Tuesday on a conference call hosted by the Romney campaign. “It’s insulting to hard-working entrepreneurs who really do create jobs.”
The most publicized instance of so-called “crony capitalism”—investing taxpayer dollars in firms tied to political donors—is the failed solar panel company Solyndra. The Fremont, Calif., firm was the first to receive a taxpayer-backed loan guarantee from the Department of Energy (DOE) in September 2009, worth more than $530 million. The funding for the loan was allocated in the controversial stimulus package passed earlier that year.
Obama bundler George Kaiser was a major stakeholder in Solyndra through his Kaiser Family Foundation, and made several trips to the White House in March 2009 to meet with senior administration officials. In July 2009, Kaiser bragged about securing face time with “all the key players in the West Wing of the White House,” as well as his “almost unique advantage” when it came to steering taxpayer funds toward his pet causes.
“There’s never been more money shoved out of the government’s door in world history, and probably never will be again, than in the last few months and in the next 18 months,” Kaiser told members of the Tulsa Rotary Club. “And our selfish parochial goal is to get as much as it for Tulsa and Oklahoma as we possibly can.”
Although things did not pan out for Solyndra—the company filed for bankruptcy in September 2011—Kaiser can expect to see a better return on his investment than American taxpayers. As part of an agreement to restructure Solyndra’s loan agreement in 2010, Obama’s DOE granted priority status to private investors like Kaiser with respect to the first $75 million recovered in the event of the firm’s bankruptcy, a move that many suspect violated federal law.
Taxpayers, meanwhile, are unlikely to recover much of the money invested on their behalf.
H/T Weasel Zippers
What does the Left care how much taxpayer money he loses on these “investments”? They’re gambling with other people’s money!
Another stimulus-backed solar panel maker, one the president touted in a weekly radio address, is filing for bankruptcy. The administration’s green-energy efforts continue to grow a deeper shade of red.
After receiving some $70 million in federal loans, Abound Solar, a Colorado-based firm that was developing thin-film solar panels, has announced it will follow an earlier Obama administration green energy failure, Solyndra, into bankruptcy.
Like Solyndra, Abound’s bankruptcy is a bitter echo of the hype generated by President Obama in his weekly radio address exactly two years ago when he touted his push for a clean energy economy. Abound Solar, he said, would manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs at plants in Indiana and Colorado.
Abound apparently wasn’t even helped by last July’s $9.2 million Export-Import Bank loan to support exports of thin-film solar photovoltaic modules to Punj Lloyd Solar Power Ltd., a company in India building a 5-megawatt solar project located on a 62.5-acre site near the village of Bap.
Three years ago, when Obama’s Department of Energy started approving roughly $16 billion in federal loan guarantees for solar energy companies, the DOE agreed to put taxpayers’ money behind startups that were working on ways to make solar panels cheaper. Two, Solyndra and Abound, have now gone belly-up.
The other two solar manufacturing companies with loan guarantees, SoloPower and 1366 Rechnologies, have not actually borrowed any taxpayer money so far. This is probably a good thing as solar energy’s promise is eclipsed by a real energy boom in oil and natural gas from shale. It is also fortunate for taxpayers that Abound drew only $70 million out of a $400 million line of credit.
In a January report, Sheryl Attkisson of CBS News counted at least 12 clean-energy companies that were having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five had filed for bankruptcy: the junk bond-rated Beacon Power, Evergreen Solar, SpectraWatt, AES subsidiary Eastern Energy and the now-infamous Solyndra. Now we have a sixth — Abound Solar.
Resisting the Green Dragon of Environmentalism
View at American Vision
Environmentalism is a religion. ”Mother Earth” is their goddess, one’s sin is quantified by a “carbon footprint,” global warming/the coming ice age/climate change is Armageddon, and “going green” is the path to salvation. The high priests of “settled science” will tolerate no dissent from the established orthodoxy, and are intent using laws, taxes, regulations and public school indoctrination to force all of society to follow their ideological agenda.
“Resisting the Green Dragon” is an education resource designed to equip Christians with the scientific and Biblical knowledge to resist the agenda of this rehashed Animistic Paganism.
Leftist pundits are freaking out about this book and DVD series, intent on discrediting it as “right wing” and “flat earther” propaganda. Whenever something pushes their buttons that much, you KNOW it’s good!
While environmentalists focus on Earth Day celebrations and public policy debates and initiatives, the Cornwall Alliance for the Stewardship of Creation is announcing a new initiative, “Resisting the Green Dragon,” that will sound the alarm about dangerous environmental extremism and bring a Biblical viewpoint on environmental issues and creation stewardship to evangelical churches, ministries, and schools.
The Cornwall Alliance asserts that one of the greatest threats to society and the church today is the multifaceted environmentalist movement. There isn’t an aspect of life that it doesn’t seek to force into its own mold.
“Environmentalism has become a new religion,” says Cornwall Alliance National Spokesman Dr. E. Calvin Beisner. “Its policies are devastating to the world’s poor. It threatens the sanctity of human life. It targets our youth. And its vision is global.”
“Today’s environmentalism isn’t just the conservationist belief that every generation should use the Earth wisely so that it benefits not only itself but also future generations,” Dr. Beisner said. “Environmentalism isn’t a neutral set of ideas that can be tacked onto the Christian faith without theological compromise. Instead, environmentalism promotes its own world view and its own doctrines of God, creation, humanity, sin, and salvation. And those doctrines aren’t Biblical.”
The Resisting the Green Dragon initiative includes a book by South African evangelical physicist Dr. James Wanliss; a 12-part DVD series with an impressive array of speakers who have expertise in science, theology, economics, and the environment and are respected by the evangelical community; and discussion guides, practical suggestions for small group projects, and other printed and broadcast resources.
The initiative takes its cue from James 4:7, “Submit therefore to God. Resist the devil and he will flee from you.” Resisting the Green Dragon is a major, innovative education initiative that helps churches, schools, and other ministries to understand the difference between a Biblical definition of creation stewardship and both the secular environmental movement and its pagan religious counterpart. Both are making inroads into the evangelical community.
“It’s important that churches ‘test all things, hold fast what is good,’ as the Apostle Paul put it,” says Dr. Beisner. “Some of what goes under the name of ‘creation care,’ even in evangelical circles, is infected by the false world view and theology of secular and pagan religious environmentalism.”
Even when evangelical “creation care” is not theologically at fault, it often uncritically accepts claims of crisis that aren’t well supported by science, or offers solutions that out to be more harmful than beneficial.