Another of Obama's green energy companies about to go bust

[miles]

What's another $3B?

Everything The Fraud touches turns to shit.

We tried to warn you.

 

[SgtSpiderMan]

Obama owns companies?

 

[miles]

I have an idea...let's elect another liberal to fix things!

 

[phrodeau]

News, or a pathetic attempt to deflect attention from gun-toting maniacs?

 

[allateup]

You go, nipper!

 

[miles]

Spider and Frodough - Dumb and Dumber.

 

[SgtSpiderMan]

Spider and Frodough - Dumb and Dumber.

I pity you if you have to run & hide from my "dumb" posts. If the posts were so "dumb" you'd easily be able to refute them, unless you can't.

 

[miles]

Spidey, STFU and Google it.

Jesus Retarded Christ.

 

[SgtSpiderMan]

Spidey, STFU and Google it.

Jesus Retarded Christ.

What a surprise, you want me to do your work for you. You make the claim, you back it up.

 

[Sean Renaud]

So what does that bring the success rate down to?

 

[IrezumiKiss]

Spidey, STFU and Google it.

Jesus Retarded Christ.

As per forum rules, you can post the title, lead-in sentence and first-to-second paragraph of the article, followed by a link.

You could've done just that in the OP instead of being a Nellie Oleson about it, Miles.

BUT YOU DIDN'T.

because you

http://media.tumblr.com/3072c7c136b3c5fd58901c7775c4ccee/tumblr_inline_moorxhyESK1qz4rgp.gif

http://media.tumblr.com/tumblr_lxpj6grFIe1qcaomb.gif

STEWPID.

 

[miles]

What a surprise, you want me to do your work for you. You make the claim, you back it up.

Fuck off and die. You're willfully uninformed and voluntarily ignorant.

 

[Disgustipated]

miles -- drunk posting before Ishtard made it cool.

 

[Sean Renaud]

I just want to know what the total failure/success rate is in some kind of real terms. I actually googled it but it looks like nobody has updated it since 2012 and then it was 2.7 % or there abouts as far as actual failed companies. And some of the money spent was never really meant to come back in any real sense of the word. Fixing houses so they'd withstand the weather better was just an investment and many of the turbines and solar panels at least in theory were meant to pay out years down the road. So I want to know what we're looking at.

 

[phrodeau]

I just want to know what the total failure/success rate is in some kind of real terms. I actually googled it but it looks like nobody has updated it since 2012 and then it was 2.7 % or there abouts as far as actual failed companies. And some of the money spent was never really meant to come back in any real sense of the word. Fixing houses so they'd withstand the weather better was just an investment and many of the turbines and solar panels at least in theory were meant to pay out years down the road. So I want to know what we're looking at.

This is from last year: http://www.npr.org/2014/11/13/363572151/after-solyndra-loss-u-s-energy-loan-program-turning-a-profit

2.28% loss rate, recovered (and then some) by interest payments.

$10 billion was set aside by Congress to cover losses. Solyndra's loss was $535 million.

Getting back to Miles' question, what's another $3 billion?

I presume he's referring to the imminent failure of Abengoa, which is a Spanish company. They have two projects in the US - the Solana Generating Station in Arizona and the Mojave Solar Project in the Soda Mountains of California. Both projects are doing just fine. US investment in these projects is $2.7 billion.