These companies get a big chunk of tax-dollars, the companies are ran by Obama fundraising bundlers and/or contributors; they write a big check to Obama for President, pay themselves fat and go out of business.
Via Real Clear Politics:
CBS News’ Sharyl Attkisson takes a look at 11 more Solyndras that were part of Obama’s Energy program. Attkisson was one of the original reporters that uncovered the Solyndra scandal.
CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES’ subsidiary Eastern Energy and Solyndra.
According to CBS News, Beacon Power, a “green energy storage company,” received $43 million from the government. Standard and Poor’s had given the project a rating of “CCC-plus.”