Obama as a venture capitalist

His record? Not so good..............

Last week, another subsidized company, Abound Solar, joined Solyndra in bankruptcy. Taxpayers lost $70 million.

Sterling Burnett, of the National Center for Policy Analysis, lists other companies you funded. 6 went bankrupt:

- Solyndra: (awarded $528 million)

- Beacon Power ($39 million)

- EnerDel ($118 million)

- Babcock & Brown ($178 million)

- Solar Trust of America ($2.1 billion)

- Abound Solar ($400 million)

Many more struggle:

- A123 ($300 million): One factory, financed by government money, made defective batteries.

- Fisker Auto ($529 million)'s electric cars shut down in their testing phase. Why? Because Fisker used A123's defective batteries.

Read more: http://www.foxbusiness.com/on-air/stossel/blog/2012/07/03/green-energy-myth#ixzz207suzEwQ