Leaves Trail Of Unpaid Bills And Broken Promises



How many millions has Barry wasted on these type companies? Do his fellow Dems hold him responsible? That's funny. Now just one more toxic waste dump created. I am sure the MSM will be all over this.

Quote: Four years have passed since President Obama visited Kansas City’s main airport, rolled up his shirt sleeves and admonished the skeptics who said Smith Electric Vehicles was unlikely to make good on its promises to build 510 experimental electric-powered trucks and buses suitable for commercial use.

“Come see what’s going on at Smith Electric,” the president said, inspecting a table full of bright green truck batteries in what was once a maintenance hangar for TWA. “I think they’re going to be hard-pressed to tell you that you’re not better off than you would be if we hadn’t made the investments in this plant.”

The skeptics turned out to be right.

Despite $32 million in federal stimulus funds and status as one of Obama’s favorite “green” companies, the firm has halted production, having built just 439 of the promised 510 vehicles.

It has also left a trail of broken promises and unpaid bills.

Smith created just a quarter of the jobs it initially promised the state of Missouri it would create in return for $1.4 million in tax credits. Meanwhile, it has also stiffed the Missouri University of Science and Technology, the state government, and a local electrical supply company, as well as its landlord, the Kansas City city government, for hundreds of thousands of dollars, according to interviews and reviews of public records by the Washington Examiner.

As of today, the company still owes $36,000 to Missouri S&T for work the university performed as a subcontractor on a U.S. Army project.

“If you’re not going to pay your [subcontractors] for satisfactory work that was performed, then it does wave a red flag whether the company was a responsible company and whether it should even be doing business with the federal government,” said Scott Amey, general counsel for the nonprofit Project on Government Oversight.

http://washingtonexaminer.com/smith-elec...le/2548035

Corruption

In Africa they have the decency to not lie about it.

Pfft. Remember when Solyndra went south, and tommy and others defended obama by claiming that was a low percentage of his "green investments"?

Haha, jokes on us. As usual, just given a little more time and things just get worse.

Damn..more wasted money.

(05-06-2014 11:41 AM)Fo Shizzle Wrote:  Damn..more wasted money.

But Barry's heart was in the right place. Unfortunately it is his mind that sucks.

Casinos would kill each other to get Obama at their tables.

(05-06-2014 09:45 PM)EagleRockCafe Wrote:  

(05-06-2014 11:41 AM)Fo Shizzle Wrote:  Damn..more wasted money.

But Barry's heart was in the right place. Unfortunately it is his mind that sucks.

I'm not willing to give him credit for the heart part.

(05-06-2014 10:03 PM)Owl 69/70/75 Wrote:  

(05-06-2014 09:45 PM)EagleRockCafe Wrote:  

(05-06-2014 11:41 AM)Fo Shizzle Wrote:  Damn..more wasted money.

But Barry's heart was in the right place. Unfortunately it is his mind that sucks.

I'm not willing to give him credit for the heart part.

Believe me, it was meant as sarcasm.

We need to look at the positive angle here.

Government's adventures into electric cars have failed. Even Government Motors has essentially failed.

Meanwhile, private industry has had some moderate success despite facing government as its competition.

The real take away here has little to do with green jobs. The real lesson is that capitalism can produce things when governments cannot.

(05-06-2014 11:43 PM)Claw Wrote:  We need to look at the positive angle here.

Government's adventures into electric cars have failed. Even Government Motors has essentially failed.

Meanwhile, private industry has had some moderate success despite facing government as its competition.

The real take away here has little to do with green jobs. The real lesson is that capitalism can produce things when governments cannot.

Until govt puts the clamps down on incentive to do these things...

(05-06-2014 11:38 PM)EagleRockCafe Wrote:  

(05-06-2014 10:03 PM)Owl 69/70/75 Wrote:  

(05-06-2014 09:45 PM)EagleRockCafe Wrote:  

(05-06-2014 11:41 AM)Fo Shizzle Wrote:  Damn..more wasted money.

But Barry's heart was in the right place. Unfortunately it is his mind that sucks.

I'm not willing to give him credit for the heart part.

Believe me, it was meant as sarcasm.

Believe me, I know, and I agree.

(09-27-2013 04:38 PM)Redwingtom Wrote:  

(09-27-2013 04:20 PM)GrayBeard Wrote:  Just like Solyndra. Barack needs a better investment advisor.

Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

(05-07-2014 12:46 PM)DrTorch Wrote:  

(09-27-2013 04:38 PM)Redwingtom Wrote:  

(09-27-2013 04:20 PM)GrayBeard Wrote:  Just like Solyndra. Barack needs a better investment advisor.

Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

Fail.

Smith Electric was not a part of the Green Loans program. Next.

http://energy.gov/lpo/projects

(05-07-2014 01:03 PM)Redwingtom Wrote:  

(05-07-2014 12:46 PM)DrTorch Wrote:  

(09-27-2013 04:38 PM)Redwingtom Wrote:  

(09-27-2013 04:20 PM)GrayBeard Wrote:  Just like Solyndra. Barack needs a better investment advisor.

Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

Fail.

Not at all. You just got caught cherry picking data, as well as being wrong.

(05-07-2014 01:06 PM)DrTorch Wrote:  

(05-07-2014 01:03 PM)Redwingtom Wrote:  

(05-07-2014 12:46 PM)DrTorch Wrote:  

(09-27-2013 04:38 PM)Redwingtom Wrote:  

(09-27-2013 04:20 PM)GrayBeard Wrote:  Just like Solyndra. Barack needs a better investment advisor.

Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

Fail.

Not at all. You just got caught cherry picking data, as well as being wrong.

Wrong. Smith Electric was not part of the same program that loaned money to Solyndra. They got their money granted directly from the stimulus. Those are called facts my friend.

Fail...own it. Of course you're incapable of admitting an error.

(05-07-2014 01:10 PM)Redwingtom Wrote:  

(05-07-2014 01:06 PM)DrTorch Wrote:  

(05-07-2014 01:03 PM)Redwingtom Wrote:  

(05-07-2014 12:46 PM)DrTorch Wrote:  

(09-27-2013 04:38 PM)Redwingtom Wrote:  Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

Fail.

Not at all. You just got caught cherry picking data, as well as being wrong.

Wrong. Smith Electric was not part of the same program that loaned money to Solyndra.

Duh. But only you are making that assertion. Oh, and you deleted part of the thread. Yeah that will work, as if it's not just a few posts above.

Quote: They got their money granted directly from the stimulus. Those are called facts my friend.

We're not friends. You're wrong twice.

Quote:Fail...own it. Of course you're incapable of admitting an error.

No, I'm incapable of owning your error.

It is delightful to see your illogic and desperation on display though. Caught in your own semantics and attempts to deceive.

(05-07-2014 01:03 PM)Redwingtom Wrote:  

(05-07-2014 12:46 PM)DrTorch Wrote:  

(09-27-2013 04:38 PM)Redwingtom Wrote:  

(09-27-2013 04:20 PM)GrayBeard Wrote:  Just like Solyndra. Barack needs a better investment advisor.

Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

Fail.

Smith Electric was not a part of the Green Loans program. Next.

http://energy.gov/lpo/projects

Here is your next....Did you even read the OP or are you just blind to anything true about your Messiah.

Quote:“Come see what’s going on at Smith Electric,” the president said, inspecting a table full of bright green truck batteries in what was once a maintenance hangar for TWA. “I think they’re going to be hard-pressed to tell you that you’re not better off than you would be if we hadn’t made the investments in this plant.”

The skeptics turned out to be right.

Despite $32 million in federal stimulus funds and status as one of Obama’s favorite “green” companies, the firm has halted production, having built just 439 of the promised 510 vehicles.

It has also left a trail of broken promises and unpaid bills.

Next

(05-07-2014 01:16 PM)EagleRockCafe Wrote:  

(05-07-2014 01:03 PM)Redwingtom Wrote:  

(05-07-2014 12:46 PM)DrTorch Wrote:  

(09-27-2013 04:38 PM)Redwingtom Wrote:  

(09-27-2013 04:20 PM)GrayBeard Wrote:  Just like Solyndra. Barack needs a better investment advisor.

Ahhh yes. Still using the Solyndra canard I see.

The green loan program (started in 2005 mind you) was 34.4 billion in total. Congress even planned for losses of 10%. To date, the total losses have totaled just over 2% of the total program.

Carry on with your delusions.

http://csnbbs.com/thread-644643-post-977...pid9776713

Fail.

Smith Electric was not a part of the Green Loans program. Next.

http://energy.gov/lpo/projects

Quote:“Come see what’s going on at Smith Electric,” the president said, inspecting a table full of bright green truck batteries in what was once a maintenance hangar for TWA. “I think they’re going to be hard-pressed to tell you that you’re not better off than you would be if we hadn’t made the investments in this plant.”

The skeptics turned out to be right.

Despite $32 million in federal stimulus funds and status as one of Obama’s favorite “green” companies, the firm has halted production, having built just 439 of the promised 510 vehicles.

It has also left a trail of broken promises and unpaid bills.

Next

The federal stimulus was different from the green loans program, so he's not wrong.

That said, he's still defending something that went under and cost taxpayers and private individuals money.

(05-07-2014 01:20 PM)Niner National Wrote:  The federal stimulus was different from the green loans program, so he's not wrong.

It's called a red herring. Look it up and other logical fallacies.

Quote:That said, he's still defending something that went under and cost taxpayers and private individuals money.

Yes. Why is that?

How did my quote get in this thread? My frickin phone is dinging like crazy...