During a recent fundraising speech at the Biltmore Hotel in Coral Gables, Florida, President Obama told his audience that he planned to “double down” on his failed green energy subsidies – even without Congress approving such subsidies.
Obama is a typical liberal: If a project costing millions fails, just spend more on the same foolish projects.
So far, every one of his green scams has failed. Solyndra has gone belly up, the Chevy Volt is a failure with batteries that catch on fire, and numerous other “green” companies that have received millions of taxpayer dollars have either gone bankrupt or are going to soon.
Of the 12 “green” companies that have been bankrolled by Obama, six have filed for bankruptcy: Solyndra, Beacon Power, Evergreen Solar, SpectraWatt, AEA and Ener1.
This consistent failure doesn’t bother Obama. He’s just going to spend more of our hard-earned tax dollars on foolish green projects that have no market and no future.
According to Obama, “With or without this Congress, I’ll continue to do whatever I can to develop every source of American energy, so that our future isn’t controlled by events on the other side of the world.”
Read more on Obama’s green foolishness at CNSNews.