Obama Admin. Approves Another $1 Billion Green Energy Loans…at $20 Million per Job and Despite Solyndra Scandal
Posted by FactReal on September 29, 2011
|OBAMA ERA: Ideology Truncates Reason|
|Investor’s Business Daily reported:|
|The Energy Department on Wednesday approved federal loan guarantees for two green energy projects totaling more than $1 billion. It approved $337 million for a Mesquite Solar project in Arizona and $737 million for a Solar Reserve project in Nevada. The projects would create a total of 52-55 permanent jobs, according to earlier DOE figures and company statements. That’s about $20 million per permanent job.|
|Obama doesn’t care about the Solyndra scandal:
Solyndra, the solar-panel manufacturer that Obama touted as a gleaming example of green technology, filed for bankruptcy a few weeks ago despite receiving $535 million loan guarantee from the Obama administration in 2009. Solyndra is currently under numerous criminal and congressional investigations.
Obama marches on with green agenda – even if that destroys America.