Monday, April 02, 2012

Another Obama solar bankruptcy: Taxpayers to lose $2 billion?

AP is reporting that Solar Trust of America filed for Chapter 11 bankruptcy protection after it was unable to make payments on a Department of Energy guaranteed loan.

Solar Trust's federally-guaranteed loans amount to $2.1 billion--which is nearly four times what the government will lose on the Solyndra green energy debacle.

Meanwhile, because of our president's anti-fossil fuel policies, gasoline is selling for $4.60 a gallon where I live.

Obama is hopeless--we need a change.


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