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Saving the planet one dollar at a time climate change crusader Al Gore profiting off investments in companies backed.
By your tax Payer dollars.
This -- an investigation heats up into the slew of other green companies that went bust.
A losing gamble -- government paid for by you and me now joining me now with the very latest Republican congressman Cory Gardner of Colorado.
Congressman thanks for joining me.
I wanna start with Al Gore because I think this is -- most outrageous thing.
So gore invested in fourteen green tech firms that got money from the stimulus program.
He was invested or these companies were directly benefiting or receive more than 2.5 billion in loans grants or other breaks from stimulus.
Now the same time more personal wealth went from two million in his vice presidential years -- -- hundred million.
So -- these companies fourteen of the more than a dozen gets money from the taxpayer.
Why is it gore getting gore who gave money to -- -- -- as a contributor.
Why is he getting all this money from taxpayers.
You know this really fits a pattern of what's happened the past four years of the President Obama administration.
At this administration has been defined by bailouts handouts and cop outs and Al Gore has been with the prime beneficiaries.
Of the president's handouts making him millions while the taxpayers are getting soaked.
-- -- It's just you know like it's OK so you believe in green energy but why -- the money to your friends why give them money -- donors what's going on here.
And from what we've seen -- reports that 80% of the applicants to some of these programs for the stimulus were denied.
And yet -- programs about a dozen were accepted and and benefited from his close relationship with the present.
Gonna get -- was ninety billion dollars that went to green energy -- we've discussed many times here on the show.
I want to it I -- you wanna talk about held back abound solar.
And what's gone on what -- company they've gotten some 400 million dollar loan guarantee they really haven't used all of that only a small portion of it but they're in big trouble what's going on.
We know abound solar is a company in my district -- that now has hundreds of people out of work.
At because of their bankruptcy this is a third company I believe that went bankrupt through this program.
About what -- what's alarming and what we're hearing from public group reports that whistle blowers who are saying that at their product worked fine now this is solar company.
Their product worked fine as long as you didn't take it into the sun.
And there are -- possible.
I'm needed well how we think right panel it's only the postal workweek -- -- That's exactly right and we're wondering now because we also have indications that there were engineering reports that were available for the Department of Energy.
2008 when the loan was approved in December and so a couple of years ago when the loan was approved.
We have seen reports that they knew with the department energy possibly new.
At that they had a a faulty product and yet went ahead and close the loan and made those that -- announced a faulty equipment.
You're investigating this -- I understand what are you finding out right now.
Well yesterday actually on Tuesday of this week we sent a letter to the Department of Energy asking for engineering reports technical reports marketing reports.
-- trying to find out what the Department of Energy knew when they found out about it.
And quite frankly what happened to the people on the ground in Colorado there now without a job and the investors who put millions of dollars into this company.
And the people who bought the product to our our victims of -- faulty product.
Now well -- I had to bring up cylinder but let's bring up some wonder right so this -- the company that it 500 billion of our taxpayer dollars.
And now they want to file bankrupt a bankruptcy petition that it will allow executives -- to actually save tax -- their own taxpayer money.
Is -- -- gonna stop stop this nonsense out there.
Well and again I think even the IRS is known that this is a bad deal for the American taxpayers they filed an objection.
Just yesterday against the bankruptcy plan that -- filed a because here again we have a one of the close investors -- the close friends of President Obama.
Who set up a shell corporation.
But through Solyndra to try to take advantage of tax credits right would receive through net operating losses and so once again this issue of crony capitalism.
-- -- -- there are.
And over and over again congressman Gardiner thank you for coming on tonight -- eliminating this topic we appreciate it thank you.
And we'll be right back.
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