Tag Archives: green companies

Obama wasn’t kidding: he wants high gas prices.

A while back, Obama’s Secretary of Energy openly admitted that the Obama Administration wants high gas prices in America to “provide an incentive for alternate energy technology.”

Now, the statistics are in: The average price of a gallon of gas has increased 96% since Obama’s first term started in 2009, according to figures from the Energy Information Agency (EIA).

Update: Gas prices in 2013 could hit record highs– “so far this year, prices are surging sooner and faster than ever before.”

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Another “green” bankruptcy

“A123 Systems Inc. (AONE), the electric car battery maker that received a $249.1 million federal grant, filed for bankruptcy.”  Obama’s spent billions of taxpayer dollars on “green” companies that he believes will support him politically– and the result has been the Solyndra scandal and bankruptcy after bankruptcy.

Romney put it best during the first presidential debate: “don’t forget, you put $90 billion – like 50 years worth of breaks – into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said, you don’t just pick the winners and losers; you pick the losers.”

Obama Administration openly admits that it wants high gas prices.

Obama’s Secretary of Energy Stephen Chu “regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.” Is this the kind of ‘environmentalism’ that you can believe in?

Solyndra Scandal

Obama spent $535 million of taxpayers’ money to fund a “green energy” company (Solyndra Inc.)– despite high-risk warnings from White House staffers– which went bankrupt 2 years later. Then, there was a cover-up of this scandal by the Obama Administration before the 2010 midterm election. It turns out that a big Obama donor played a pivotal role in securing federal financing for Solyndra, and that the same guy moved ahead of taxpayers in line for repayment when Solyndra defaulted.

Obama will intentionally bankrupt the coal industry.

Voters in Virginia, Ohio, Pennsylvania, Colorado, Indiana, and other states whose economies depend on the coal industry: hear this!