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Obama's Legacy: A Long List of Unsuccessful Green initiatives

<p>From the beginning of his presidency&comma; Obama has warned the public about the detrimental effect of climate change&period; He has constantly preached that the nation has to take action to leave less of a carbon footprint on the planet&period;<&sol;p>&NewLine;<p>As the president&rsquo&semi;s time in office comes to an end&comma; what has he done to improve the environment&quest;<&sol;p>&NewLine;<p>Well&comma; it&rsquo&semi;s safe to say that he has wasted millions of taxpayers dollars by funding solar and wind energy focused companies that have gone bankrupt&period;&nbsp&semi;<&sol;p>&NewLine;<&sol;p>&NewLine;<p><center><img src&equals;"https&colon;&sol;&sol;punchingbagpost&period;com&sol;images&sol;windmill-clintonscleanenergypng&period;png" alt&equals;"" width&equals;"450" &sol;><&sol;center><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>For example&comma; Abound Solar received over &dollar;400 million&comma; but had to laid off almost half of its company in 2012 before going bankrupt&period; Solyndra was also one of the many eco-friendly companies given millions&comma; specifically &dollar;535 million before the company filed for bankruptcy in 2011&period;<&sol;p>&NewLine;<p>In December of last year&comma; the Department of Energy &lpar;DOE&rpar; was caught red-handed in a cover up&period; The Daily Caller News Foundation requested records citing the Freedom of Information Act&nbsp&semi;of the biofuels company&comma; Abengoa&period;&nbsp&semi;<&sol;p>&NewLine;<p>This was following the speculation that the company was experiencing major financial issues&comma; even though it received a &dollar;137 million loan and &dollar;97 million grant from the federal government&period; But earlier in 2015&comma; operations had halted after only a year&period; The company was &dollar;2&period;3 billion in debt and taxpayers were left to recover the debt&period;<&sol;p>&NewLine;<p>&ldquo&semi;To put this in perspective&comma; the Abengoa bankruptcy exposes taxpayers to losses four times greater than Solyndra&comma; making it the largest failure of the DOE green loan program to date&comma;&rsquo&semi; said Mike Pompeo&comma; Kansas republican representative in a letter to the DOE&period;&nbsp&semi;<&sol;p>&NewLine;<p>The DOE claimed that they redacted the documents to protect personal information in the letters&comma; but some pages were never made available&period; This just proved that the government was trying to hide something&period;<&sol;p>&NewLine;<p>Even more recently&comma; the &ldquo&semi;green&rdquo&semi; president wasted &dollar;2&period;2 billion of the nation&rsquo&semi;s money with another solar power initiative&period; The Ivanpah Solar Electric Generating System announced in March that it was not producing enough electricity for PG&amp&semi;E Corp and that it &ldquo&semi;may be forced to shut down if it doesn&rsquo&semi;t receive a considerable break this month from state regulators&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p>Then in late May&comma; the solar energy plant caught on fire after the mirrors used to reflect sunlight were somehow directed to the plant&rsquo&semi;s boiler towers&period; Following the fire&comma; the plant is only able to generate electricity from one of its three towers&period;&nbsp&semi;<&sol;p>&NewLine;<p>Although&comma; this company&rsquo&semi;s mission is to provide a clean energy source that has a &ldquo&semi;low environmental impact design&comma;&rdquo&semi; the project has actually caused an uproar with environmentalists for killing thousands of local birds&comma; while not even producing the amount of energy promised&period;&nbsp&semi;<&sol;p>&NewLine;<p>These funding mistakes by Obama&rsquo&semi;s DOE has cost the country billions&comma; even more than the disastrous&comma; and unbelievably expensive Obamacare system&period;&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><center><img src&equals;"https&colon;&sol;&sol;punchingbagpost&period;com&sol;images&sol;Listgreencompanies&period;png" alt&equals;"" width&equals;"450" &sol;><&sol;center><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>And it&rsquo&semi;s only going to get worse for taxpayers if Clinton gets elected&period; The Democratic candidate plans to increase solar capacity by 700&percnt;&comma; which means hundreds of billions of taxpayers money will be robbed to do so&period; The problem with solar technologies is that they are extremely expensive to install&comma; so major funds will be needed up front&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Assuming solar remains at &dollar;114&period;3 &dollar;&sol;MWh and the subsidies continue&comma; the cost of a 140 GW goal could reach &dollar;246 billion&period; On an annual basis&comma; this is approximately &dollar;67 billion&comma;&rdquo&semi; cites the American Action Forum in a recent report&period;&nbsp&semi;<&sol;p>&NewLine;<p>According to these figures&comma; Clinton&rsquo&semi;s solar plan will rack up &dollar;250 billion by 2020&period;&nbsp&semi;<&sol;p>&NewLine;

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