Thursday, July 05, 2012

Business Acumen Not Obozo's Strong Suit

Well, then, it's only another $98 million or so...

A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid — faces financial problems, and the company’s auditors have questioned whether it can stay in business.

 Hope Harry Reid got his vig before it all went down the tubes, eh?

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