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Posts Tagged ‘DOE loan guarantees’


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Tesla Tags Taxpayers for $4.9 Billion


Wednesday November 25th, 2015   •   Posted by K. Lloyd Billingsley at 5:16am PST   •   0 Comments

Volkswagen grabbed headlines with its diesel fakery but the German auto giant is not the only car company that deserves attention these days. As Breitbart notes, Tesla Motors “issued a voluntary worldwide recall to inspect every one of the 90,000 Model S cars the company has ever built.” This is the vehicle that, as…
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Stimulus Ad Copy Surge


Monday January 5th, 2015   •   Posted by K. Lloyd Billingsley at 5:22am PST   •   0 Comments

“Program That Backed Solyndra Now Showing Successes,” proclaims a December 29 article by Henry C. Jackson of the Associated Press. He finds an example of success in Hugoton, Kansas, site of a new cellulosic ethanol refinery funded in part by a loan guarantee from the U.S. Department of Energy. The same program, Mr. Jackson…
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The Hazards of Government Waste


Monday November 11th, 2013   •   Posted by K. Lloyd Billingsley at 8:45am PST   •   0 Comments

The lies, waste, fraud and incompetence involved in Obamacare have been getting a lot of ink and deservedly so. But while Americans watch the health hokum unfold they should not forget fallout from the federal stimulus. Consider, for example, the fortunes of Abound Solar. In 2010 Barack Obama praised the company as an excellent…
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Tesla Loan Payoff No Boost for Stimulus


Friday May 24th, 2013   •   Posted by K. Lloyd Billingsley at 8:00am PDT   •   5 Comments

Tesla Motors Inc. is paying back its government loan of $465 million in full, and nine years early. This is being billed as “a huge boost for the Obama administration and clean energy firms.” Actually it isn’t. It is customary to pay back loans in full, so that is hardly a news item, and…
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Federal Fisker Fiasco: Biden Backs a Loser


Monday April 8th, 2013   •   Posted by K. Lloyd Billingsley at 9:13am PDT   •   5 Comments

Fisker Automotive has laid off most of its employees, a sign of impending doom for a company some called Solyndra on wheels, with good reason. Fisker got a federal Advanced Vehicle Technology Loan of $529 million, about the same amount Solyndra received before laying off its employees and going bankrupt. The $529 million came…
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Fed Energy Plan Good Car-ma for Tesla Boss


Monday January 7th, 2013   •   Posted by K. Lloyd Billingsley at 7:54am PST   •   10 Comments

Millions of Americans are bracing for fiscal cliff fallout, looking for jobs, postponing purchases and cutting back on spending. Not so Elon Musk, CEO of Tesla Motors. As the Los Angeles Times noted, Mr. Musk just plunked down $17 million for a 20,248-square-foot Bel-Air mansion with a gym, seven bedrooms, 10 bathrooms, tennis court,…
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Bipartisan Energy Bust


Wednesday October 31st, 2012   •   Posted by K. Lloyd Billingsley at 1:01pm PDT   •   2 Comments

In 2007, energy researchers at Colorado State University created AVA Solar, which became Abound Solar of Loveland, Colorado, with manufacturing facilities in Tipton, Indiana. The President of the United States, Barack Obama, touted Abound Solar as an example of the clean-energy future, claiming it would create 2,000 construction jobs and 1,500 permanent jobs. Members of…
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