Green Energy Bought and Paid For : Beginning to End

The key item here is the Obama administration buying the complete green industry from design to customers. This also a perfect way to launder tax dollars into campaign funds for the next election. Billions of tax dollars are given to people that are known to be totally invested in the president's agenda of eliminating fossil fuels now and for the future, even though our fossil fuel power generation for our country stands at nearly 45%.

Just how does our president believe we will be able to prosper without adequate electrical power? The answer is easy as he told us back in 2007 why he believes it's important to eliminate all fossil fuels is they are destroying the planet with carbon dioxide gas, i.e. climate warming, a total fraud. Remember his Cap and Trade scheme that utterly failed but was forced on the market?

I wonder who voted for this last November, a government picking winners and losers and this case as nearly all cases when government gets involved in the free market, the government picks the losers.

The difference with Mr Obama he has a agenda that does not have the best interests of this country at heart, he believes we are the problem in this world and is bound and determined to "fundamentally" change our country into a third world socialist nightmare of dependence and poverty.

The Domino Effect of Green Energy Failure
January 15, 2013
Source: Andrew Evans, "The Domino Effect of Green Energy Failure," The Free Beacon, December 20, 2012
The collapse of a government-subsidized battery manufacturer has caused the production of a government-subsidized electric car company to halt, raising questions about the government's decision to support the two companies, says The Free Beacon.

• Fisker Automotive received approval for a government loan totaling $529 million in 2010 to make an extended-range electric luxury car called the Karma.
• The Karma uses a battery pack made by A123, which received a grant from the Department of Energy in 2009.
• A123 filed for bankruptcy in October, leaving Fisker, at least temporarily, without a battery manufacturer.
• Fisker has suspended production of the Karma until A123's sale is complete.

Meanwhile, documents obtained by the Free Beacon indicate Fisker has its own financial issues. But the Department of Energy had reason to worry even before then. An internal email dated Feb. 26, 2010 --almost two months before the department announced Fisker's finalized loan -- says Fisker was "undercollateralized."

A123 added to Fisker's woes when it recalled many of their batteries, including the ones manufactured for the Karma. Fisker does not have a battery manufacturer now that A123 is bankrupt. It will restart manufacturing once A123's sale is finalized and it is able to renegotiate with A123's new owner, according to Yahoo! News.

A123's bankruptcy is not the first time that a government-subsidized company has collapsed and hurt another government-subsidized company.

• The company Prologis received a $1.4 billion partial loan guarantee for its Project Amp from the Department of Energy in September 2011.
• Solyndra's collapse delayed Project Amp, however, raising concerns among Republican lawmakers of favoritism within the Energy Department for Solyndra.

William Yeatman, an energy expert at the Competitive Enterprise Institute, described the Obama administration's funding of green energy companies as "vertical monopoly-type subsidy," where a company owns an entire industry's supply and production chain. He said that the government, under Obama, has subsidized the entire green industry, from suppliers of car parts, to manufacturers of the cars themselves, to buyers through tax credits for purchasing hybrids.