Video at link below*

Obama's Green Energy Scam

President Obama spent $535 million of taxpayer stimulus money to prop up Solyndra, a solar panel company run by his political campaign contributors. Even though Department of Energy and White House staffers warned that the company's business model would never work, the loan was rushed out the door anyway. Now that Solyndra has gone belly up, taxpayers are left holding the bill.

When government steps in to pick winners and losers based on politics it opens the door to even more crony capitalism. As we've already seen with Solyndra, government betting taxpayer dollars on unproven technologies is a very bad deal. A restrained federal government that doesn't have taxpayer cash to spread around is essential to stopping the crony capitalism that's ruining our markets.

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This list is only the beginning of the scandal

Americans for Prosperity

Obama’s Green Energy Stimulus Scam
- How taxpayers are left holding the bill when political favors go wrong -

The nearly $1 trillion stimulus bill that President Obama pushed after taking office was supposedto revive the economy, but it was really all about installing the Left’s vision to transformAmerica. A major part of the transformation is an attempt to defy the laws of economics andhave politically-connected campaign donors and Washington central planners decide what kindof energy the country should use. The stimulus was packed with giveaways that allowed dozensof so-called “green