Abound Solar, who was approved a $400 million taxpayer-backed loan by Barack Obama, is the latest so-called “green” company to go into bankruptcy despite massive infusions of welfare cash.
“U.S. taxpayers may lose $40 million to $60 million on the loan after Abound’s assets are sold and the bankruptcy proceeding closes, said Energy Department spokesperson Damien LaVera. Abound was awarded $70 million of its $400 million loan by the time bankruptcy was declared.
“Abound was awarded the loan guarantee to build two factories to make thin-film panels using cadmium telluride. It completed one plant, in Longmont, Colorado, and never began construction on the second, which was planned for Tipton, Indiana. The company last received money from the Energy Department in August, before Solyndra’s collapse,” Bloomberg reports.
“The Energy Department has provided almost $35 billion in loans, loan guarantees and conditional commitments to renewable- energy companies. About 35 percent of that is for solar- generating projects…”
Abound joins Solyndra, Beacon Power, Ener1 and Fisker as some of the higher profile “green” companies to fail miserably and lose taxpayers hundreds of millions of dollars despite promises from Obama.
American Tradition Partnership’s grassroots supporters in Loudoun are telling you to vote against the proposed Dulles Metrorail project bailout in your July 3 business meeting.
Listen to them. ATP’s grassroots supporters are a force to be reckoned with.
In just this month sixteen of eighteen Republican incumbents and candidates who refused to listen to ATP’s grassroots supporters were handed upset losses in their primaries after ATP ran its voter information campaigns in their districts.
We also recently won a landmark U.S. Supreme Court decision this Monday, American Tradition Partnership v. Bullock, which expands to the state level the Court’s 2010 Citizens United v. FEC ruling allowing corporate spending in elections.
In that case, Montana’s Governor and Attorney General declared that defeating American Tradition Partnership was their top priority. The Attorney General argued the State’s case personally. They were handed a total loss in court.
In three years of legal advocacy ATP has never lost a court case when it has sued a city, municipality or state – winning at the state, federal and U.S. Supreme Court levels.
ATP has one purpose: To make sure there are consequences for politicians who want to use taxpayers, mom-and-pop business owners and employers as nothing more than punching bags and ATM machines. We can’t be shut up or shut down.
Voters will be reminded of your vote for the next three years, and in any other race you run in the future.
Do not make the mistake other have made. Listen to Loudoun.
Vote “no” on the Metrorail bailout.
The American Red Cross is providing critical help to thousands of people affected by the raging wildfires in the west and the massive flooding in Florida from Tropical Depression Debby.
Ten Red Cross shelters were open Tuesday night in Colorado, Utah and Montana where several wildfires are burning out of control. In Colorado, nearly 300 trained Red Cross disaster workers are supporting relief efforts where the fires are threatening as many as 20,000 homes.
Nearly 200 Red Cross disaster workers are helping in Florida, where 11 shelters were open overnight. Tropical Depression Debby has dumped as much as ten inches of rain on most of the state, with some areas getting up to 25 inches of rain. Truckloads of additional relief supplies are on the way to Florida and 20 response vehicles are ready to start distributing items to help as the clean-up begins there.
Red Cross workers have served more than 32,000 meals and snacks to people affected by the wildfires and flooding, have made almost 3,300 health and mental health contacts, and distributed more than 4,300 relief items.
“Thousands have been impacted by these disasters and the Red Cross is giving them a safe place to stay, food to eat and a shoulder to lean on,” said Charley Shimanski, senior vice president, Red Cross Disaster Services. “We are expanding our efforts to help the growing number of people affected by the fires in the west and are ready to distribute the tools and other resources people will need to begin the clean-up in Florida as the flood waters recede.”
HOW PEOPLE CAN HELP Those who want to help can make a donation to support American Red Cross Disaster Relief by visiting www.redcross.org or calling 1-800-RED-CROSS. People can also text REDCROSS to 90999 to make a $10 donation. Contributions may also be sent to local American Red Cross chapters or to the American Red Cross, P.O. Box 37243, Washington, DC 20013.
HOW TO FIND RED CROSS SHELTERS People who have been forced to evacuate can find out where Red Cross shelters are open by going to www.redcross.org or accessing the free Red Cross phone app. Both are refreshed with updated information every 30 minutes. Residents can also monitor local media—radio, newspaper and television—to find out where local shelters are located.
REGISTER ON SAFE AND WELL The Red Cross Safe and Well website is also available. People affected by the fires and flooding can access the site and let loved ones know where they are. There are several ways to register on Safe and Well, or search for a loved one. From a computer, visit redcross.org; from a smart phone, visit www.redcross.org/safeandwell or call 1-800-RED CROSS (1-800-733-2767) to be connected with one’s local Red Cross chapter.
Montana Governor Brian Schweitzer and Attorney General Steve Bullock have found a powerful ally in their opposition to the Constitution’s “supremacy clause” and the First Amendment’s guarantees of the rights of free speech and free association.
Russian President Vladimir Putin’s Kremlin-funded, Putin-controlled “Russia Today” TV network has come out in opposition to American Tradition Partnership and the U.S. Supreme Court’s Monday ruling in ATP v. Bullock.
“RT” aired a segment Tuesday with defeated former Congressman Alan Grayson (D-Fla.) harshly criticizing the concept Americans can question their government without hiring and attorney and first seeking permission through the formation of a PAC or other body.
The network, dedicated to spreading pro-Russian propaganda in the United States, has firmly sided with Schweitzer and Bullock. While foreign corporations are prohibited from spending money in American elections and all corporate spending must be disclosed, Schweitzer and Bullock refuse to criticize Putin for spending foreign money on their behalf.
So who do you stand with? The First Amendment, or Brian Schweitzer and Vladimir Putin?
From today’s Pittsburgh Tribune-Review:
The importance of the U.S. Supreme Court’s ruling in American Tradition Partnership Inc. v. Bullock cannot be understated.
On Monday, the high court voted 5-4 to strike down Montana’s 100-year-old ban on political expenditures by corporations. Citing its landmark 2010 Citizens United ruling, the court held that “political speech does not lose First Amendment protection simply because its source is a corporation.”
As Stephen M. Hoersting, president of the Institute for Individualism, notes (in National Review Online), not only has the court upheld the Supremacy Clause of the Constitution — “This Constitution … shall be the supreme Law of the Land; and the Judges in every State shall be bound hereby” — but “communications made independent of candidates and political party committees pose no threat of corruption as a matter of law, not case-by-case adjudication.”
The “progressive” contention of automatic “apparent corruption,” rejected in Citizens and affirmed in American Tradition, is not apparent at all.
Supposedly objective liberal reportage on the ruling mixed into the narrative such biased phrases as “torrent of spending,” “secret world” and “unforeseen consequences.” How sad and tragic that these “progressives” — regressives, really — have no concept of the victory for free speech that the Supreme Court’s ruling truly is.
In a statement Monday the White House harshly criticized the U.S. Supreme Court’s ruling earlier in the day in American Tradition Partnership v. Bullock, which upheld ATP’s claim states cannot deny citizens free speech in defiance of the Court’s ruling in Citizens United v. FEC. In the statement, President Obama referred to the Citizens United ruling as a “mistake”
ATP Executive Director Donald Ferguson offered this response to the President:
“Free speech and freedom of association are God-given rights protected by the First Amendment. Politicians cannot strip citizens of their right to speak freely because politicians do not like their speech or the manner in which they associate. A free country is one where citizens can speak however they choose without fear of prosecution, threats or intimidation.
“If Barack Obama feels a ‘fair’ election is one in which his opponents cannot speak he is free to run for office elsewhere. I understand Venezuela may have an opening soon.“
Join ATP, Stop Gang Green!
American Tradition Partnership (ATP) is a no-compromise grassroots organization dedicated to fighting the radical environmentalist agenda. We support responsible development of natural resources and rational land use and management policies. Only together can we protect access, private property rights, and affordable energy for all Americans!