Green energy debacle
Since taking office, President Obama has invested billions of our tax dollars in private green energy businesses. The vast majority of those investments have turned out to be unmitigated failures, leaving in their wake layoffs, bankruptcies, over 100 criminal investigations and taxpayers on the hook for billions of dollars.
Here is just a partial list of president Obama’s green energy government backed businesses that have gone bankrupt: Solyndra, Ener 1, Beacon Power, Abound Solar, Amonix Solar, SpectraWatt, Evergreen Power, Range Fuels, Raser Technologies, and ECOtality.
Green company bankruptcies represent over $3 billion in tax dollars wasted by our government. And this is just the tip of the iceberg. Sun Power, First Solar and Solar Trust of America are all near bankruptcy.
Failure of these companies will cost we taxpayers an additional $5 billion. There is not one green company success story in President Obama’s green energy program, not one.
Making matters worse, well over 70 percent of these taxpayer dollars were given to Obama campaign contributors and friends that led these failed businesses.
Conversely, Romney’s private investment track record at Bain Capital is worlds apart better. According to the Wall Street Journal, Romney, while at Bain, had an 80 percent success rate in turning failing companies around by infusing capital and sound business strategy into them. Here is a partial list of Romney’s turnaround successes – Staples, Dominos Pizza, Sealy, Toys-R-Us, Sports Authority, Brookstone, AMC Entertainment, and the Salt Lake City Winter Olympics.
The media is largely ignoring this story because they don’t want to shed a big negative light on their favored candidate. As a result, most voters don’t get the facts.
So, which man do you really want managing our economy — one that has a track record of creating lots of jobs and business successes or one who is losing jobs and wasting our money?
The choice is clear, Mitt Romney.