It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG...
The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. [This comes] several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.
The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.
Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month... The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs.
Rep. Allen West asserted that President Obama is intentionally trying to destroy the economy.
I don't want to say 'told ya so', but on March 4, 2009 I posted "Mission Accomplished -- President Obama Nukes the Economy".
It wasn't a great feat, because anyone with a rudimentary understanding of economics, history and logic could have predicted the same damn thing. Which rules out Democrats.