Last Updated:August 29 @ 11:37 am

Limbaugh: Hundreds of millions of taxpayer money lost to failed green energy

By David Limbaugh

President Obama's disgracefully corrupt policies on green energy alone should be enough to ensure his defeat in November -- even apart from his war on reliable energy sources, which is unspeakably outrageous.

Recently revealed emails show the extent of the abject corruption and reckless waste surrounding Obama's Solyndra project. The Heritage Foundation has compiled a list of the 10 most revealing emails referred to in the House Energy and Commerce Committee's investigative report, many of which I wrote about in my book "The Great Destroyer." A number of these will make your blood boil.

We know that taxpayers lost more than $600 million in the debacle, but how many knew that the administration never even intended the business to be wholly self-supporting? Obama's "you didn't build that" slander could certainly be applied to this government-created and -dependent monstrosity.

Indeed, Mitt Romney should grill Obama on these emails and his energy policies in the presidential debates. Maybe he should start with Obama's protest that his "you didn't build that" statement was taken out of context. Who needs to quibble over context when Obama has made so many other similar statements and when his administration has lived that philosophy?

A statement in one of the released emails -- from Aditya Kumar, a senior adviser to the vice president, to White House communications staffer Dan Pfeiffer -- underscored the point: "When government plays a part, it can bring the private sector along."

Similarly, in October 2009, Solyndra CEO Chris Gronet wrote in an email, "The Bank of Washington continues to help us!" On Aug. 10, 2010, Tom Baruch of CMEA Capital, an investor in Solyndra, wrote, "Getting business from Uncle Sam is a principal element of Solyndra's channel strategy."

The White House pressured the Department of Energy to move forward on the Solyndra loan guarantee. As disclosed in an Aug. 28, 2009, email, DOE official Steve Spinner, in charge of the agency's Solyndra activities, said, "The (office of the vice president) and (White House)" were "breathing down my neck" on the loan guarantee. As detailed in my book, this urgency was all a result of the White House's prescheduled presidential photo op with Solyndra. The White House Office of Management and Budget later admitted that it had hurried its analysis because of the White House pressure. The sheer corruption in these developments by itself would be enough to trigger an impeachment inquiry if it had occurred under a Republican administration.

In addition, the Office of Management and Budget warned that the Energy Department's restructuring of the Solyndra loan to subordinate taxpayer loans to those of private investors would result in enormously greater taxpayer losses, calling it a "bad idea." But it proceeded anyway, resulting in $168 million worth of additional losses to taxpayers. What's more is that the White House's hands were all over this one; there are no six degrees of separation here, not even one degree. White House chief of staff Bill Daley was explicitly made aware of Solyndra's grave financial problems before the restructuring decision.

At least a dozen more Solyndra-like Obama brainchildren have gone bankrupt, swallowing taxpayer dollars in their gluttonous paths to failure. In his encounters with Obama, Romney should slowly pronounce these names: Abound Solar, Beacon Power, Ener1, Energy Conversion Devices, Evergreen Solar Inc., Mountain Plaza Inc., Olsen's Crop Service and Olsen's Mills Acquisition Co., Range Fuels, Raser Technologies, SpectraWatt and Thompson River Power LLC. Romney should demand that Obama explain how cavalierly shuffling money from the private sector to these fantasy projects could have produced any net jobs in the first place. He should further demand that he be made to answer for the millions upon millions of taxpayer losses caused by their inevitable failures.

But do you think Obama is the least bit repentant about his waste of taxpayer money? Is he deterred from his maniacal insistence on pursuing other such projects?

In a word, "no." Just last month, Interior Secretary Ken Salazar -- the arrogant administration official who defied a federal court order lifting the administration's scandalous ban on deep-water drilling in the Gulf, by rewriting a new ban that would devastate the Gulf economy and cost thousands of jobs -- weighed in on Solyndra-gate, dismissing it as casually as he did the federal judge's order. He referred to these government-created financial disasters as "just minor (and expected) blips for the industry."

Without a hint of administration contrition, he said, "Anytime you're dealing with an emerging future on energy, you're always going to have successes and you're going to have setbacks." And get this: He added, "And President Obama and I remain very confident that we're moving in the right direction."

Please, Mr. Romney, press Obama to elaborate on how incurring hundreds of millions of dollars in forced taxpayer losses in pursuit of green energy windmills is "moving in the right direction." Please, make our day.

---

David Limbaugh is a writer, author and attorney. His latest book, "The Great Destroyer," has been on the New York Times best-seller list for nonfiction for six weeks. Follow him on Twitter @davidlimbaugh and his website at www.davidlimbaugh.com.

COPYRIGHT 2012 CREATORS.COM

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10 Comments

  1. noveldogComment by noveldog
    August 7, 2012 @ 9:04 am

    There is nothing wrong with green energy, but a lot wrong with the way it is being pursued! We should improve regulations on companies supplying our power. They should inturn be required to take under their wing a green energy or alternative energy company. They need to receive a tax credit for doing this. They should be encouraged to make that company profitable and worth using as an energy source.

    These large companies who manage a busines are better suited to develop these growing energy companies than anyone else, but have to be encouraged very strongly to do so. Eventually they will find several of these new alternative energy forms more profitable, and cleaner, than what they are now using. They will then switch over. Kapesh?

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    • siquijorislandComment by siquijorisland
      August 8, 2012 @ 4:14 am

      not more regulation less the free market will make winning ideas win.

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  2. nickster99Comment by nickster99
    August 7, 2012 @ 9:10 am

    I just don’t get it all these wind farms I see in the countryside. I have read a little about them and what I have read is not good. Apparently they are a huge danger to migrating birds and produce a lot of noise. I have never stood next to one though. I have also read that the entire United States would have to be covered from coast to coast to make them a viable energy source and still would not be enough to replace coal and gas powered plants. I am sure that is never going to happen. I am not against alternative energy sources but we have to be realistic about these things. I would opt to build many more nuclear power plants. It is the future and is the way to go. We have the Yucca Mountain storage facility to put the nuclear waste. But the liberals put the kabash on that! And the waste can be recycled to produce more fuel. The French do it all the time and have had no accidents or mishaps.

    It seems this country falls further and further behind when liberals and dumacrats are in power!

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    • inluminatuoComment by inluminatuo
      August 7, 2012 @ 9:43 am

      The problem is not in our government supporting alternative energy, namely with things like research and development. The problem always occurs when the government starts lending these social experimenters taxpayer money and then guaranteeing the loans with the full faith of the American people. At this point the due diligence of the company goes out the window and the blank check mentality takes over with no accountability. The companies soon become feather bed nests of Liberal wealth re-distribution of which much of the federal tax dollars get re-distributed back into the campaign coffers of the Democrat party in power that sustains this tax re-distribution Ponzi scheme which only serves Obama and his democrat minions. The more they can redistribute to the shell green-company, the more can be donated back by the company and their Liberal social experimenters to the democrat party. What care they how much is lost in inefficiency as the chump taxpayer and their children take the loss.

      Next time you drive by a wind farm count the number of wind turbines built and then count the percent number that are actually working,,,the percent working actually resembles the percent of liberals who actually have jobs and work,,,,usually between 10-40%

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    • siquijorislandComment by siquijorisland
      August 8, 2012 @ 4:16 am

      no government money for foolish projects.
      8% efficiency needing conventional backup no government money no wind power.

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  3. noveldogComment by noveldog
    August 7, 2012 @ 9:14 am

    David wrote a very informative article. He is right. Mitt should attack Obama for throwing away trillions of dollars since he has been in office. Obama can’t help it. He has always lived on someone else’s money.

    BHO went to school, college and so on using OP(other people’s) money. He now thinks he can continue using OP money and there is no end to it. It is not coming out of his pocket so he does not care. He just wants to be a dictator and run things his way. He thinks big government is the only way.

    If you do not want to be a Slave to Big Government then vote Republican and end forced slavery and break the chains of poverty. You don’t have to be poor. You can be rich like Romney, and he is willing to show you how, or at least give you that opportunity. So why not take it?

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    • nickster99Comment by nickster99
      August 7, 2012 @ 10:00 am

      Romney is starting to hit him hard on the solyndra scandle. I heard about it on WSJ news this morning. He needs to keep pounding him. obummer has nothing to counter with except his tax returns and I think the people are getting real tired of hearing about that. obummer does not have a leg to stand on except lies lies lies!

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  4. middlegroundComment by middleground
    August 7, 2012 @ 10:53 am

    David Limbaugh is absolutely right, the most visible aspect of this administration’s incompetence, ignorance and corruption is to be found in its energy policies and indirectly in its environmental protection policies. These policies benefit only China and OPEC, so who is pushing them?

    When I hear the president state, as he did last month, that we have only 3% of the World’s oil, but use 25%, and I see his attacks on the use of all forms of domestic fossil fuel so we can ship our energy resources to China, I have to doubt everything he and his appointees say. But when this statement is combined with the cancellation of the pipeline to move crude from the Baaken production area of North Dakota and Saskatchewan to one of the only areas where we still have domestic refineries, his administration’s reduction in fusion research funding at just the time it is beginning to show promise and his administration’s de facto moratorium on GoM permits, I have to wonder where he is getting his advice and who is writing his speeches when he claims in an Olympic moment that he is striving for “energy independence”. This is absolutely not true and anyone with an Internet connection can disprove it in a simple search of where fracking is producing on privately owned land and the billions being spend to acquire leases by major companies, both foreign and domestic.

    This country almost floats on energy from fossil fuels when the advances in drilling and extraction technology are considered, perhaps not the cheap oil of some areas, but enough to set a bottom price that we will pay for imported oil at about $55/barrel. Stabilizing domestic energy costs will encourage industry to invest. We have some of the World’s finest coal deposits, and the revolution in drilling and fracking technology opens vast areas to production of oil and natural gas. So where does this thought that we need to abandon cheap sources of energy to subsidize expensive sources originate? Four or five years ago an article in Physics Today discussed how expensive windmills, solar panels and making corn into alcohol are compared to coal-fired plants and hydroelectric power. As common sense would suggest any system that creates energy only when the wind blows or the sun shines can never be anything but a supplemental source. Moreover, as coal is plant material turned into a useable form that can be stored, where did the thought that we shouldn’t use coal originate?

    The media in this country is being manipulated into supporting scientifically and economically absurd positions. Certainly, burning fossil fuels releases carbon dioxide as does human’s breathing, but when it is released on the Earth’s surface this component of air is combined with water to make chemical energy from sunlight. It is called photosynthesis and is the foundation of all life on this planet.

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    • clarkentComment by clarkent
      August 7, 2012 @ 12:56 pm

      All the points in this comment are 100% on. Is it worth the cost to dump what we have now for a quick turnover to so called green energy? And yes, the MSM is just a follow the leader. What ever happened to the true reporters?

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  5. lanimom229Comment by lanimom229
    August 8, 2012 @ 10:53 am

    I am a conservative AMERICAN. My love and heart belong to this great country of ours. I have been privileged enough to visit all but two states in this union. That being an introduction to what I stand for, AMERICA, and where my loyalities lie. I have been posting for sometime now about Agenda 21. This is a U.N. agenda that is and will effect each and every one of us. I will be long gone from this earth to see and feel all the effects of this horror but my child and grandchild will have to live this nightmare, if through ignorance it is not stopped in it’s tracks. The Agenda looks good on the surface but you must get into the complete document (not an easy read nor interesting. I regardless have tried to muddle through. I recently found out about a book available on this subject BEHIND THE GREEN MASK: U.N. AGENDA 21, written by Rosa Koire. http://www.PostSustainabilityInstitute.org. I strongly urge all you devout Americans to get this book. What BHO and big Government is doing to this country will come more into focus. Although BHO has socialist desires for this country THIS BOOK WILL SHOW YOU THE CONTROL THE U.N.WANTS OF AMERICA AND THE WORLD and BHO is pushing forward (get it?) on this issue. We cannot give in to this horror. This is not a Dem nor Rep problem – it is an American problem.

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