Another Obama Green Energy Company Bites the Dust … Amonix Received $6 Million in Federal tax credits & a $15.6 Million Grant from the U.S. DOE

Forget Romney and Bain Capital, what about Barack Obama’s business track record with failed green energy companies and lost tax payer dollars all under the guise of creating jobs?

Add another “green” energy company to the failed Barack Obama trash pile of squandered US tax payer dollars. Amonix, a solar manufacturing plant in North Las Vegas that received $6 million in federal tax credits and a $15.6 million grant from the U.S. Department of Energy has closed its doors. Amonix is described on their web page as the leading designer and manufacturer of concentrated photovoltaic (CPV) commercial solar power systems. Oops, not so much. Add Amonix to the growing list of failed companies touted by the Obama Midas touch like Solyndra, Abound Solar, Beacon Power …

ANOTHER OBAMA FUNDED GREEN ENERGY COMPANY ONE BITES THE DUST

The Amonix solar manufacturing plant in North Las Vegas, heavily financed under an Obama administration energy initiative, has closed its 214,000-square-foot facility 14 months after it opened. [...]

A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits and a $15.6 million grant from the U.S. Department of Energy to build the plant in North Las Vegas.

Is it any wonder why, according to a recent Rasmussen poll, that 57% of Americans say that Venture Capital Firms are better job creators than government programs. Only a delusional 27% think the government does.

How’s Obama Doing Spending Your Tax Dollars?

As Yogi Berra would say, its deja vous all over again or in the case of Weasel Zippers, hmm stop me if this sounds familiar? Sadly this is all too familiar during the Obama regime. Obama has thrown away Americans hard earned tax dollars and failed, epically failed America. Add Amonix to the long list of Obama funded green energy companies.

• Solar Trust of America: FAIL – Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
• Bright Source: FAIL – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Canyou say, “This isnt working?”
• Solyndra: FAIL – Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses
• LSP Energy: FAIL – LSPEnergy LP  filed bankruptcy protection and a sale of its assets in Feb 2012
• Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
• Abound Solar: FAIL – Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
• SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling…
• Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
• Ecotality: FAIL – ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
• A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
• UniSolar: FAIL – Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business.
• Azure Dynamics: FAIL – Azure Dynamics files for bankruptcy in June ter millions in Obama “Stimulus”
• Evergreen Solar: FAIL  – Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
• Ener1: FAIL received more than $100 million in government funding from the Obama administration  filed for bankruptcy January 2012

More from The Heritage Foundation and the Harry Reid backed belly up  solar panel manufacturer. Let’s see Obama tout this fiasco and lost tax payer dollars as a positive in the 2012 Presidential election.

Are Obama’s Bain Negative Ads making Inroads Against Romney … Too Bad Fact Check.org Says “Obama’s Outsourcer Overreach” … Barack, What About Your GE Outsourcing Jobs Advisor Immelt?

Far be it from Barack Obama and his reelection minions to lets facts get in the way of a smear political ad.

The New York Times continues the story of Barack Obama’s negative attacks on Mitt Romney and Bain Capital stating that they are making inroads against Romney. However, too bad that they are false, but why would the truth ever get in the way of the Obama administration and especially his reelection team. FACT CHECK.ORG states that the “outsourcing” claims by Obama’s political ads a a stretch …”The president’s campaign fails to back up its claims that Romney ‘shipped jobs’ overseas.”  Does anyone really think that Obama and Democrats care much about presenting the truth when Obama just perpetrated the greatest hoax and “bait and switch” on the American people with Obamacare? Obama misrepresented his health care plan to the People as not a tax, then defended it to the Supreme court as a tax.

WAKE UP AMERICA, IT IS PRESIDENT OBAMA WHO HAS OUTSOURCED GREEN JOBS TO OTHER COUNTRIES WITH YOU TAX DOLLARS. Barack Obama is the real “Outsourcer” in Chief.

Pic: Politifake.org

Propelled by a torrent of blistering television advertisements, President Obama is successfully invoking Mitt Romney’s career at Bain Capital to raise questions about his commitment to the middle class, strategists in both parties say, as the candidates engage in a critical summer duel to set the terms for this fall.

Despite doubts among some Democrats about the wisdom of attacking Mr. Romney’s business career, Obama commercials painting him as a ruthless executive who pursued profits at the expense of jobs are starting to make an impact on some undecided voters, according to strategists from both sides, who differ on whether they are causing any substantial damage.

Legal Insurrection is 100% correct, the Obama- Bain attacks are poorly done and false. However, even when something is poorly states and a falsehood is said enough by the liberal MSM complex, it becomes its own truthful narrative.

More from FACT CHECK.ORG regarding Barack Obama’s false ads against Romney regarding Bain Capital.

Read more

Abound Solar Inc, Another DOE Company Awarded a $400 Million US Loan Guarantee Ceases Operations & Files Bankruptcy

Green energy solar company bankruptcies abound …

Add Abound Solar Inc, a Colorado based company, to the long list of so-called “green” company that made solar panels and had received Department of Energy loans has ceased operations and is filing bankruptcy. As President Barack Obama criticizes Mitt Romney for his work with Bain Capital, one might also want to ask Obama about his job creation skills with “belly up” companies like Abound Solar.

Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.

Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said today in a statement. It plans to file for bankruptcy protection in Wilmington, Delaware, next week.

The failure will follow that of Solyndra LLC, which shut down in August after receiving a $535 million loan guarantee from the same U.S. Energy Department program. Abound stopped production in February to focus on reducing costs after a global oversupply and increasing competition from China drove down the price of solar panels by half last year.

Great point made by the American Thinker with regards to these failed American solar panel companies.

I really wish these companies – and the government – would stop blaming China for their failures. China may be subsidizing their solar companies but in case you didn’t notice, so are we. The fact that we gave this loan guarantee to a sure fire loser of a company keeps proving the point about this idiotic energy department program; trying to pick winners in the alternative energy business is too risky for taxpayers to foot the bill if the bureaucrats are wrong.

Just more wasted tax payer money down the Obama “green” rabbit hole.

Barack Obama Green Jobs … Bus Driver of Hybrid Bus, Any School Bus Driver, Sweeper of Floor at Solar Plant, Bicycle Shop Clerks & Porta-Potty Cleaners Considered Green Jobs (VIDEO)

What a joke … under Barack Obama and his so-called “Green” job agenda,  the Labor Department “has jeopardized the integrity of employment data in some cases for clearly political reasons.” Bus drivers and bicycle shop clerks are considered “green” jobs. Far be it from the Obama administration to actually report green jobs appropriately. What, Obama inflate job numbers, say it isn’t so! As Bill Clinton would say, it all depends on what “green”, is.

The Obama administration on Wednesday acknowledged a wide-ranging definition of  “green jobs” that includes bus driver, bicycle-shop clerk and other unexpected lines of employment, which the chairman of the GOP-led House oversight committee said is being done for “clearly political purposes.”

GOP Rep. Darrell Issa, chairman of the House Committee on Oversight and Government Reform, made the assertion during a hearing on how the administration counts so-called green jobs and the Labor Department’s recent change to how reporters can access key unemployment reports and other information.

Rep Darrell Issa (R-CA ) Questions BLS Director John Galvin on “Green Jobs” Numbers Reporting

check out 3:15 where Issa asks what is an Obama green job

The Labor Department “has jeopardized the integrity of employment data in some cases for clearly political reasons,” he said.

Issa suggested the administration is reclassifying such jobs to prove that billions of taxpayer dollars, through the federal stimulus program, have created green, or environmentally-focused jobs – a major initiative for President Obama.

YUP … The most transparent Presidency, EVAH!!!

Happy Anniversary Barack Obama … Two Years Ago Today Obama Celebrates Solyndra … “The true engine of economic growth will always be companies like Solyndra.” … Too Bad It’s Bankrupt

HAPPY ANNIVERSARY TO BARRACK OBAMA AND SOLYNDRA …

Today is the two year anniversary of President Barack Obama traveling to Freemont, CA and touting the green energy company Solyndra as a “brighter and more prosperous future”. One has to look no further as to why the US economy and job growth is in the crapper than to listen to Obama’s words of praise regarding Solyndra, ”The true engine of economic growth will always be companies like Solyndra.” Really? Obama’s shining example of “green” energy and the future did not take long to go bankrupt.

But on this day in 2010, with Solyndra already facing serious obstacles, President Obama was filled with optimism. “The true engine of economic growth will always be companies like Solyndra,” the president said.  “Less than a year ago, we were standing on what was an empty lot.  But through the Recovery Act, this company received a loan to expand its operations.  This new factory is the result of those loans.”

“We’ve placed a big emphasis on clean energy,” Obama continued.  “It’s the right thing to do for our environment, it’s the right thing to do for our national security, but it’s also the right thing to do for our economy…When it’s completed in a few months, Solyndra expects to hire a thousand workers to manufacture solar panels and sell them across America and around the world.”

Hey Barack, how is that Solyndra-greeny thing working out for you today? We have no jobs, but we got solar panel toxic waste.

It is rather comical and disingenuous that Obama and his minions attack Mitt Romney for his days at Bain Capital and failures of Bain when Obama has a laundry list of failed green energy companies on his record. Does Barack Obama really want to compare his failed “public equity” financing record versus Mitt Romney’s private equity record?