Aggregator • Hyscience • ID=78259 |
Taking a quick look at what has actually happened since Obama took office ...
om/2012/04/obamas_epic_green_fail.html">this is just a partial list, there's no way to think of Obama's green job agenda as anything but an epic fail.
- SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.
- First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.
- Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.
- Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.
- Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.
- SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.
- Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.
- Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.
- Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.
- Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.
- A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.
- Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.
- Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.
In a nutshell, if America is depending on "alternative-energy" to replace fossil fuels for its energy needs anytime in the near future ... we're in deep doo-doo. And that doesn't even begin to describe what Obama's wasting of taxpayer dollars is doing to our deficit.
There are very good reasons why , Spain, the model for Obama's clean-energy policies, announced on April 7, 2012 that they would halt all new renewable energy and co-generation projects (an examination of Europe's experience reveals these policies to be terribly economically counterproductive).
Too bad (for America) that Obama resides so far out on his ideological green planet of non-reality that he's incapable of learning from the same lessons Spain did.



