President Obama’s Abysmal Record as an Investor Capitalist

The complete list of collapsing or bankrupt green-energy companies:

1. Evergreen Solar ($24 million)*

2. SpectraWatt ($500,000)*

3. Solyndra ($535 million)*

4. Beacon Power ($69 million)*

5. AES’s subsidiary Eastern Energy ($17.1 million)

6. Nevada Geothermal ($98.5 million)

7. SunPower ($1.5 billion)

8. First Solar ($1.46 billion)

9. Babcock and Brown ($178 million)

10. EnerDel’s subsidiary Ener1 ($118.5 million)*

11. Amonix ($5.9 million)

12. National Renewable Energy Lab ($200 million)

13. Fisker Automotive ($528 million)

14. Abound Solar ($374 million)*

15. A123 Systems ($279 million)*

16. Willard and Kelsey Solar Group ($6 million)

17. Johnson Controls ($299 million)

18. Schneider Electric ($86 million)

19. Brightsource ($1.6 billion)

20. ECOtality ($126.2 million)

21. Raser Technologies ($33 million)*

22. Energy Conversion Devices ($13.3 million)*

23. Mountain Plaza, Inc. ($2 million)*

24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*

25. Range Fuels ($80 million)*

26. Thompson River Power ($6.4 million)*

27. Stirling Energy Systems ($7 million)*

28. LSP Energy ($2.1 billion)*

29. UniSolar ($100 million)*

30. Azure Dynamics ($120 million)*

31. GreenVolts ($500,000)

32. Vestas ($50 million)

33. LG Chem’s subsidiary Compact Power ($150 million)

34. Nordic Windpower ($16 million)*

35. Navistar ($10 million)

36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy

Total Investment for 2 years $96,000,000,000 - That’s an average of $48 billion per year!

Federal subsidies to big oil average $2.5 billion per year – and are made to companies that do not fail.

Federal Tax Dollars lost to Obama’s investments in failed companies:

 = $10,205,900,000

 = 11% loss

Investments are supposed to be a gain - not a loss!

If Obama was the head of Bain Capital or Goldman Sachs – HE WOULD BE FIRED!

It’s time we fire our countries CEO in Chief!