Obama Issuing Two New “Green” Energy Loans, “Creates” 103 Jobs At A Cost Of $257 Mill

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Obama Issuing Two New “Green” Energy Loans, “Creates” 103 Jobs At A Cost Of $257 Million…


DONT TRUST A NIGGER WITH MONEY

Insanity: Doing the same thing over and over again and expecting different results.

Via Beltway Confidential:


Agriculture Secretary Tom Vilsack today announced his second bio-fuels loan guarantee in a week, revealing that the Agriculture Department (USDA) is slated to loan an Oregon biorefinery $232.5 million for a project expected to create 65 jobs and support 38 others.

“This project and others like it will help to establish a domestic advanced biofuels industry that will create jobs here at home and open new markets in the Pacific Northwest and across America,” Vilsack said in a statement. [...]

Last week, USDA appoved a conditional $25 million loan guarantee for an Iowa project expected to create 38 jobs. Combined, the two projects create 103 new jobs at a cost of $257.5 million — or, $2.5 million per job.
 
Another Obama-Funded “Green” Energy Company Goes Belly Up, Ener1 Files For Chapter 11 Bankruptcy After Receiving $118 Million DOE Grant…




Via The Foundry:


The company, Ener1, received a $118 million grant from DOE in 2010 as part of the president’s stimulus package. The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.

But despite generous federal support for the company, Ener1 was racked by problems last year. In October, NASDAQ delisted the company due to non-compliance with Securities and Exchange Commission filing requirements. A month later, the company’s president, chief executive, and top financial officer were fired.

On Thursday, Ener1 announced it will initiate a pre-packaged Chapter 11 bankruptcy plan as part of an agreement to restructure the company’s debt obligations.
 
a billion here a trillion here

soon the NIGGER will use up all our money
 
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