Democrat Stimulus Failures: Green Energy

In 2009-2012, the democrat administration has subsidized at least 10 "green" companies that have wasted taxpayer dollars and declared bankruptcy, guaranteeing a net loss (arguably theft) of taxpayer funds.  Solar panel maker Solyndra was the infamous company that received $535,000,000 in loan guarantee funds before filing for bankruptcy in August 2011.  Here are some other failures the democrat controlled media does not discuss:

• Raser Technologies of Utah (geothermal).  $33,000,000 taxpayer funds received, declared bankruptcy in April 2011.
• Abound Solar, panel manufacturer, took $70,000,000 of its loan guarantees from the DOE before filing for Chapter 7 in July 2012.
• Energy Conservation Devices, received $13,300,000 in taxpayer funds before filing bankruptcy in February 2012.
• Solar Trust, financials uncertain but declared bankruptcy in April 2012.
• Enerl (electric car batteries), received $118,500,000 in taxpayer grant money from the DOE (stimulus) in 2009 and filed for bankruptcy in January 2012.

Nationally syndicated columnist Deroy Murdock quipped: "President Obama should beg taxpayers' forgiveness for pouring their hard-earned cash down at least 10 green rat holes."  He points out these 10 failures and calculated a loss of $3,400,000,000 in taxpayer dollars and commitments combined.  This is yet another example of government interference proving again it does not work as efficiently and effectively as a free market environment.  $3.4 billion in reduced regulatory costs and reduced taxes (instead of this reckless spending and debt accumulation for our younger generation) could instead have achieved benefits in the private sector (i.e. growth and jobs).