Page 37 - Sun Power News Today

♪ ♪ ♪ ♪ >> andrea: welcome back to "the five." it may be halloween but it feels like groundhog day as a report comes out about a second green energy company going bankrupt after getting a government loan guarantee. the power corporation that develops energy system got a $43 million guarantee from the energy department last year. now that money is gone. yes, thats taxpayer money is gone. first, eric, we have solyndra and then sun power, then fisker and the list goes on and on and on. this...

♪ >> andrea: all right. pass this on list of energy moons that taxpayers should ask serious questions about. $730 million loan given to a russian company run by a multibillionaire. first, there was solyndra. and then there was sun power. now there is severstal. >> greg: sevverstal. >> andrea: i like that. they had manufacturerring plants in the united states. it closed three of the mills in march and got approved for loan in july. so should the money have been going out to a company that the e...

Level of danger and recklessness because we know that these h unions have been prone to violence not just in the past nt but in the recent past. >> sean: i dont understand why rank-and-file arent more angrye that their hard-earned money, their dues literally go toey unions and then that money isth often spent, you know, on politicians, on campaigns, on parties that they dont support, you know. why isnt there more anger towards union leadership? why isnt there more anger in the case of washington...

♪ >> andrea: all right. pass this on list of energy moons that taxpayers should ask serious questions about. $730 million loan given to a russian company run by a multibillionaire. first, there was solyndra. and then there was sun power. now there is severstal. >> greg: sevverstal. >> andrea: i like that. they had manufacturerring plants in the united states. it closed three of the mills in march and got approved for loan in july. so should the money have been going out to a company that the e...

Air -- >> you know, if you guys -- now that you have let the chinese and everybody else get in front of us because of your excuses for the great, free capital system which has never been free, its been stacked virtually against everybody who tries to compete with it, and in oregon they advertised for american workers. and they -- >> no. >> that is absolutely wrong. >> excuse me. they advertised in local obscure muchs and there was a federal investigation and the feds said that local workers prob...

We continue with the great american panel. i dont think theres been enough attention paid to the wasted stimulus money. 1.$2 billion sun power. $535 million solyndra down the tubes. you have four oregon companies located in the medford area that got $7 million in stimulus and who did they hire? about 250 foreign workers. they arent even hiring american workers. i think a total of 7 were hired. and im thinking, you know, why isnt obama had to explain where all that money went? >> you know, i thin...

>> on an unrelated note, hulk hogan will be on the show a little bit later. the governments green jobs machine failing to create jobs again. its this time, though, it happened in california where another whopping loan to a green energy company is under fire. >> apparently, the department of energy doled out $1.2 billion to sun power on the very last day the energy program was in existence but there is a back story to the governments loan. stuart varney joins us live. good morning to you, stuart....

Republic party cronies. i have to tell everybody, im amazed, if this is true, im just amazed at whats happening in washington. so lets run it right down. what is sun power? where is that? >> they are in california. they make solar panels. >> bill: just like solyndra. they were in competition with solyndra? >> essentially, yes. >> bill: solyndra got 537 million in loans. all right? these guys get 1.2 billion in guaranteed loans. they are still in business. they didnt go bankrupt yet, right? >> th...

Republic party cronies. i have to tell everybody, im amazed, if this is true, im just amazed at whats happening in washington. so lets run it right down. what is sun power? where is that? >> they are in california. they make solar panels. >> bill: just like solyndra. they were in competition with solyndra? >> essentially, yes. >> bill: solyndra got 537 million in loans. all right? these guys get 1.2 billion in guaranteed loans. they are still in business. they didnt go bankrupt yet, right? >> th...

We can get away from fossil fuels. thats what it looks to me. these stories run reported by the press. when we report them we get accused of being anti-obama. taking taxpayer money and flushing it down the drain. >> it is. rat holes. thats where the media focus should be. thats where the journalists should be doing the reporting. again, abuse of the taxpayers abuse. >> bill: sun power, where is this in california? >> they are basically in southern -- operating southern california. >> bill: keep ...