(Newser) – Brace yourself for another round of political I-know-you-are-but-what-am-I: Mitt Romney has repeatedly hammered President Obama for the White House's role in Solyndra's meltdown, but now Konarka Technologies, another solar energy company in which Romney invested public funds as Massachusetts governor, has gone bankrupt, reports the Boston Herald. Romney sent $1.5 million to Konarka shortly after he became governor, along with $2.5 million to Evergreen Solar, which also filed for bankruptcy last year, and provided a $2.5 million loan to the biotech firm Spherics Inc., which closed three years later. The Romney campaign had no comment...........
Solar Company Used In Crossroads Anti-Obama Attack Ad Received Taxpayer Dollars From Governor Romney
Ads from Mitt Romney and American Crossroads earlier this week disparaged solar energy, leading up to Romney’s surprise visit to Solyndra today.
The Crossroads ad targets the Obama administration for green energy investments, but features a company that once received taxpayer support from Governor Romney’s administration. Washington Post‘s Greg Sargent points out that one company featured in Crossroads’ ad — Evergreen Solar — received $2.5 million during Romney’s term:
The Crossroads video, which is embedded below, cites the Massachusetts company Evergreen Solar as an example of a company that received taxpayer money before declaring bankruptcy or suffering “serious financial issues” — which the video derides as a “risky investment strategy.” Romney picked up that attack line today, appearing in front of a shuttered Solyndra outlet to bash Obama.
But three weeks into Governor Mitt Romney’s term, Evergreen Solar received $2.5 million from the Romney administration for a “major expansion and to cover operating losses as it tried to become profitable,” according to a February article in Politico. The investment was part of a broader program in which the Romney administration gave millions in subsidies to multiple other companies, Politico reported.......
GREEN SCAM: 80% of Green Energy Loans Went to Obama Donors ...
2 Jun 2012, de Jim Hoft
Evergreen Solar SpectraWatt. Solyndra (received $535 million) Beacon Power (received $43 million) AES' subsidiary Eastern Energy Nevada Geothermal (received $98.5 million) SunPower (received $1.5 billion) First Solar ...
Note that Mitt Romney's pals at Konarka Technologies such as Eitan Zeira are all Israelis and it was a fraud only to put more money stolen from Amereicans into the pockets and offshore accounts of criminals involved with and very connected to the Israeli government just like so many of the so-called Israeli 'security' firms such as ICTS International who allowed the Saudi terrorists to board flights 11 and 175 at Logan Airport Boston on 9/11/01 and to crash into Zionists Hank Greenberg's,Larry Silverstein's and Frank Lowy's WTC in NYC,accidentally causing them to win the insurance windfall of the 21st century at the cost of the lives only 3000 useless Americans and foreign nationals in the Twin Toers at the time plus untolf hundreds of thousands of innocent Middle East citizens since.
Barack Obama's biggest baxckers have been Goldman Sachs who his SEC Chair Mary Scapiro protects as well even though they even collude with ex Stassi and now Israeli money laundereres the Frin brothers David Abraham and Eugene originally of the Ukraine and crime partners of ex Stassi operative and Austrian Israeli billionaire Martin Schlaff.They bragged of having direct contact to the Obama Whikte House thanks to their Goldman Sachs contacts,etc..and most recently ran a solar algae stock fraud called PetroAlgae.Besides the Israeli connected Solyndra fraud and the Grin brothers' PetroAlgae,Obama has also gifted American tax money to BrightSource as well as native American lands that he and his Israeli solar henchman treat like Palestinians !All of the stock frauds in America and against Americans perpatraited by Israeli fascists and terrorists and corporate saboteurs gretly exceeds the 'official' tens of billions of dollars annually that the U.S.media and government acknowledge.What Romney and Obama collude with Israelis and the EU's and the UK's Rothschild crime family who also financed ICTS International's incorporation in the U.S. that allowed Israelis to control Logan Airport on 9/11 is ttreason against the American public and the fact that they are our only 'choices' in a U.S.Prersidential election is just more proof that the CIA and NATO controlled U.S. government itself is a lie and a fraud just like the Israeli cxompanies they alloiw to incorporate inb the U.S.with the express purpose of commiting fraud as well as terrorism and corporate sabotage against the American people.
Maurice “Hank” Greenberg on 9/11 « DoYouEverWonder about 9/11?
doyoueverwonderblog.wordpress.com/.../maurice-hank-greenberg-o...Apr 20, 2010 – Even though Larry Silverstein owned the WTC, it was Maurice Greenberg's companies who held the mortgage, issued the insurance policy and ...
Romney-Backed Solar Company Fails Days After He Faulted Solyndra
By Jim Snyder - Jun 4, 2012 10:01 PM GMT-0600
Republican Mitt Romney, who criticized President Barack Obama last week for backing failed Solyndra LLC, supported as governor of Massachusetts a different solar-power company that has gone out of business.
Konarka Technologies Inc. filed to liquidate on June 1 after getting state and U.S. aid, a development that may muddy his attempts to use Solyndra to try to show Obama’s broader economic failures, a professor said.
Romney, who on May 29 claimed enough delegates to win the Republican presidential nomination, has sought to use Solyndra to underscore his argument that he understands how business works and Obama doesn’t. Romney cites Solyndra’s collapse two years after winning a $535 million loan guarantee as a symbol of Obama’s failure to create jobs with government spending, and the risks of using taxpayer money to fund private companies.
Thomas Pyle, president of the Washington-based Institute for Energy Research, said in an interview that both examples appeared to be an effort to pick “winners and losers.”
“This is clearly not the way we should be doing business,” he said yesterday.
State FinancingRomney, a co-founder of Boston-based private-equity firm Bain Capital LLC, promoted state aid during a January 2003 press conference in Lowell, according to a statement from Ameresco Inc. (AMRC), a Framingham, Massachusetts-based company that also won state help. Romney took over as governor that month.
Romney gave Konarka of Lowell, Massachusetts, a $1.5 million loan, part of $9 million in state financing to clean- energy companies. Romney also announced that a restructured green fund would provide $15 million in support for renewable energy in the state.
Andrea Saul, a spokeswoman for the Romney’s campaign, said on in an e-mail yesterday that the subsidies were approved by a Massachusetts board before Romney became governor.
Asked to respond to the candidate’s backing for Konarka, Saul said Obama has “a lot of questions to answer about why he used taxpayer dollars to reward wealthy campaign donors for bad ideas like Solyndra.”
Kaiser’s FoundationA foundation run by George Kaiser, an Oklahoma billionaire and Obama fundraiser, was a leading investor in Solyndra. An investigation by Republicans in Congress hasn’t found evidence the administration gave Solyndra the loan to reward a political donor.
The administration has said the award was based on its merits and had been advanced during the Bush administration.
“Every day we see a new example of Mitt Romney’s hypocrisy,” said Lis Smith, a campaign spokeswoman. “Just one day after he pulled a political stunt outside Solyndra, we learned even more about his record of picking winners and losers in Massachusetts when one of the companies he gave a loan to went bankrupt.”
Supporters of clean-energy programs said Konarka’s collapse shows Romney is being hypocritical for criticizing Obama’s support for renewable-energy subsidies because some projects fail.
Similar Efforts“Romney and allies are attacking the president for efforts similar to his when he was governor,” Dan Weiss, senior fellow and director of climate strategy at the Center for American Progress Action Fund, which says it promotes progressive policies, said in an e-mail.
As president, Obama sought to make clean-energy support a central feature of the 2009 economic stimulus. The loan program through which Solyndra received its award provided about $16 billion in guarantees before ending last year.
In a May 2010 visit to Solyndra, Obama said the factory being built with taxpayer help was proof that “the promise of clean energy isn’t just an article of faith.”
Last week, Romney stood outside Solyndra’s shuttered facilities in Fremont, California, saying the company was a symbol of Obama’s failure to create jobs.
In 2003, then-governor Romney said the Massachusetts fund could become a “major economic springboard” by focusing on job growth in the renewable-energy industry.
One major difference between Solyndra and Konarka is the size of support. Solyndra filed for bankruptcy in September, about two years after it won its $535 million U.S. loan guarantee. The company also collected about $1 billion in private investment.
Private CapitalKonarka attracted $170 million in private capital and $20 million in government research grants, according to its website.
Howard Berke, chief executive officer of the company, said June 1 Konarka had been unable to obtain financing and was unable to continue operations.
The company, which said it would lay off its 85 workers, listed $100,000 to $500,000 in assets and $10 million to $50 million in debt in its Chapter 7 filing in U.S. Bankruptcy Court in Worcester, Massachusetts.
At least four other U.S. solar-panel manufacturers filed for bankruptcy in the past year as the price of the products fell 50 percent on an oversupply and expanded production in China.
Pyle said Romney’s past support for state subsidies to clean-energy companies shouldn’t deter him from criticizing Obama’s more generous aid.
“It’s a little bit of a stretch to say, ‘He did it too, so let’s call it a draw,’” Pyle said.
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Biography via lead411 wiki
|Eitan Zeira is part of the Konarka Technologies Inc, an organization which has its main offices in Lowell, MA. Eitan serves as the VP Printed Photovoltaics at Konarka Technologies Inc. Their CEO is Howard Berke. If you’re searching for Konarka Technologies Inc email addresses, you can also find those on their Lead411 profile with the domain @konarka.com along with Eitan Zeira's linkedin name, twitter tweets, and biography.The Konarka Technologies Inc's Lead411 profile is categorized under the Alternative industry.|
Description: Eitan Zeira is Konarka Technologies' VP Process/Product Development. With a Lead411 subscription, Konarka Technologies email addresses ( @konarka.com ) of the executives are viewable. Other information includes Eitan Zeira email, phone, biography and extension. We provide information from your LinkedIn network, see company profile, and soon we will be showing twitter, wiki, and facebook profiles as well. Lists are downloadble into your email marketing software or crm software. Typical management titles include VP, Chief, Vice President, Director, manager, & more. Similar names to Eitan Zeira can be found in our people directory. Keys: Eitan Zeira, Konarka Technologies, VP Process/Product Development, @konarka.com , email marketing, Konarka, Solar Power, BIPV, Power Plastic, Thin Film, Thin Film BIPV, Thin Film Solar
About Konarka Technologies
|Situated in the Lowell, MA area, Konarka Technologies Inc is a member of the Alternative industry. Their Lead411 profile provides quality data containing valuable information like cfo info, social data, linkedin urls, other contacts, and data points on Konarka Technologies Inc's CEO Howard Berke. If you need to send messages to Konarka Technologies Inc email addresses, you can find those addresses here attached to their domain of @konarka.com. At this time, there are 4 jobs up on their site, but those who are employed with them at this time have salaries within the range of $81660....more Konarka Technologies info|
Other Konarka Technologies People
|Ross Levinsohn - Partner, phone - 978-569-1400, updated on 10/20/2011 19:52:00|
Konarka Technologies Inc's Partner is Ross Levinsohn. On the other hand, the organization’s CEO is Howard Berke. They are based in Lowell, MA, and you can find their Lead411 profile filed under the Alternative industry. Ross Levinsohn's profile contains twitter, linkedin urls, and biography information, and you can also find other Konarka Technologies Inc email addresses on Lead411 with the @konarka.com domain.
Kenneth McCauley - SVP Sales/Marketing/Business Development
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Rick Hess - President and CEO, phone - 978-569-1400, updated on 08/13/2011 02:21:00
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Title/Organization: Konarka Technologies vp of printed PV
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Degrees: University of Haifa, University of Haifa, Technion Machon Technologi Le Israel, bosmat
Other Konarka Technologies Email Addresses
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