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AMONIX: ANOTHER OBAMA-SUBSIDIZED SOLAR COMPANY FAILS
Here we go again.
Yet another example of the Obama White House’s failed attempt to pick winners and losers and doing so by gambling with our our tax dollars, this time to the tune of $6 million in tax credits and $15.6 in grant money from the U.S. Department of Energy.
This company, Amonix, is only 14 months old.
How in the world did it qualify for that kind of tax dollar windfall without any kind of track record?
Oh:
Nevada Sen. Harry Reid, U.S. Rep. Shelley Berkley, D-Nev., and Gov. Brian Sandoval were among the political leaders who lauded the company when it announced it would start making solar cells in the Golden Triangle Industrial Park.
And naturally, Obama has his fingerprints all over it:
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.
Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week. The company today began selling equipment, from automated tooling systems to robotic welding cells.
Stirrin the B.S.
July 19th, 2012
Obumphuk’s creed:
“We will have green energy, even if I have to bankrupt this country to prove that I’m right!”
reddecaesari
July 19th, 2012
shell game. money to backers/bundlers/fellow travelers.
obama is a marxist/socialist/communist..whatever.
he wants chaos, envy, racial unrest.
i can’t wait till november. he will lose in a landslide.
Stache
July 19th, 2012
If I can persuade the gummint to give me 15.6M and/or 6M tomorrow, I may have to switch to their team. I do have an alternative energy plan, you know.
Initial research with my pocket magnify-glass indicates I can eliminate my furnace by replacing my windows.
Anybody want to go in on this? C’mon, I’ve had like almost minutes of research invested in this idea, what could go wrong?
Stirrin the B.S.
July 19th, 2012
Actually, I’ve changed my mind. It’s not about green energy at all. It’s all about cash flow – flowing from donors to Oblowme, and then back to the donors again – multiplied 100-fold.
His creed is:
“I will repay all of my “friends” with other people’s money, and disguise it as an “investment” in new technology.”
Cynic
July 19th, 2012
We need to start referring to Obama as “President Solyndra.”
Maudie N Mandeville
July 19th, 2012
Quote: “Now, the only problem we have is these credits were working so well, there aren’t enough tax credits to go around,” Obama said in a speech at the University of Nevada, Las Vegas in 2010 as he announced the Amonix boondoggle.
“When we announced the program last year, it was such a success we received 500 applications requesting over $8 billion in tax credits, but we only had $2.3 billion to invest. In other words, we had almost four times as many worthy requests as we had tax credits.”
Four times as many WORTHY requests. Obama’s worthy requests are piling up like a bad day at Nascar.
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.
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’sDepartment of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
UniSolar: FAI – 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
Twellsy
July 19th, 2012
This gasbag has been paying off his shitcago pals since he was elected. Probably before that when he was a senator, too. Just throwing it out there like so much birdseed. How can anyone think that this dunce deserves another 4 years? 4 years in Leavenworth, maybe.
grayscape
July 19th, 2012
The problem isn’t solar power….it’s filthy rich greedy crooked DEMOCRAT politicians.
Tim
July 19th, 2012
Can anyone spell C-O-R-R-U-P-T-I-O-N?
Where the Hell is Congress?
Where the Hell is the FBI?
Just let em skate like Clinton?
The Republicrats are sitting there wagging their tails and hoping some of the money drops in front of them. It’s enough to make you sick.
123321123321
July 19th, 2012
It’s just more FDR-like fraud!
Corona
July 19th, 2012
Wake up and smell the AMONIX.