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The Obama Green Energy Scam You May Have Missed

Home - by - December 28, 2012 - 23:00 America/New_York - 7 Comments

Townhall

WASHINGTON – Have you seen the latest development in President Obama’s waste-ridden, clean energy program that’s now under federal investigation at the U.S. Treasury Department?

Three of the country’s biggest residential solar panel installers — SolarCity, SunRun and Sungevity — have been subpoenaed by Treasury’s Office of Inspector General for their financial records to determine if they had inflated the market value of their costs when they applied for federal reimbursement.

The firms have reportedly received more than $500 million in federal grants and tax credits. Officials in two of them, Solar-City and SunRun, have been among some of Obama’s most generous campaign donors.

The money these companies tapped into flowed from a $13 billion investment fund in Treasury that came from the president’s economic stimulus program which has poured huge sums of money into clean energy programs across the country.

Obama has sunk billions of tax dollars into a scandal-ridden swamp of other energy deals that were crafted and promoted by administration business cronies who also were among his biggest fundraisers.

After an exhaustive analysis of thousands of memos, company records and internal e-mails about Obama’s green-technology spending program, the Washington Post concluded that it was “infused with politics” at every level of the decision-making process. Political considerations dominated the White House’s deal-making and all too often overruled warnings that billions of tax dollars would be lost on shaky energy projects that should never have been approved.

Take, for example, Sanjay Wagle, a venture capitalist and one of Obama’s fundraisers in 2008. He left his firm in California to work in Obama’s Energy Department on a $40 billion spending program to stimulate the economy by investing in clean technology companies.

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» 7 Comments

  1. What can we do?

    December 28th, 2012

    We all just sit and do nothing.

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  2. Left Coast Dan

    December 28th, 2012

    It’s pretty clear that these programs, like so many others, are designed to line the pockets of the executives until the company fails. Why we allow the government to subsidize anything is beyond me.

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  3. scribble

    December 29th, 2012

    Everything obama does is a scam.

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  4. Twellsy

    December 29th, 2012

    I didn’t miss it. I see everything these fart sniffers are doing. In a just world the firing squad should be at the “aim” part about now.

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  5. Irish

    December 29th, 2012

    This will go the Fast and Furious, Benghazi and other travesties of this useless administration. The MSM protects him and the vast majority if Americans are either too stupid to care or busy getting their free stuff.

    We are lost as a nation

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  6. Nutjob

    December 29th, 2012

    Let me hold my breath and wait for the liberal Goebbels to run an investigative story on this scam……….I’m getting lightheaded and can barely zzzzzzzzzzzzzzzzzzz.

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  7. Anonymous

    December 29th, 2012

    lots of scam going on via Agenda21 too – info & great videos here:

    http://www.democratsagainstunagenda21.com

    Thumb up +1