After Blowing $6.5 Billion On Failing ‘Green Energy,’ Obama Guarantees More Taxpayer Loans

This week, Obama blocked a shovel-ready project that would have created thousands of jobs and made us more energy independent without costing the taxpayers a dime, because it was entirely funded by private money.

Instead, he prefers flushing more of your hard-earned tax money down the “green utopian fantasy” toilet, using the loans to reward his campaign supporters as an added “crony socialist” bonus.

Joel Gehrke reports at the Washington Examiner:

Pesident Obama’s Department of Agriculture (USDA) called for applicants to receive the $25.4 million in funding flagged for rural green energy loan guarantees and grants, even as Obama’s campaign released an ad defending the Solyndra loan.

“This funding will assist rural farmers, ranchers and business owners to build renewable energy projects, providing opportunities for new technologies, create green jobs and help America become more energy self-sufficient,” Agriculture Secretary Tom Vilsack said today in a statement.

The $25 million available today comes through the Rural Energy for America Program (REAP), and “will support at least $12.5 million in grant and approximately $48.5 million in guaranteed loan program level awards.”

Read more at the Washington Examiner

What’s that flushing sound?

H/T Weasel Zippers

Energy Dept. Dumped $6.5 Billion Taxpayer Dollars Into Failing ‘Green Energy’ Companies 

Solyndra: Politics infused Obama energy programs

Solyndra: Obama Administration Used Federal Loans to Reward Campaign Donors, Allies

Report: 80% of DOE Green Energy Loans Went to Obama Backers

[adrotate group=”50″]

If you enjoyed this post, make sure you subscribe to my RSS feed!

Leave a Reply

Your email address will not be published. Required fields are marked *