Obama's Green Energy Failures Continue

From Investors.com: "Another stimulus-backed solar panel maker, one the president touted in a weekly radio address, is filing for bankruptcy. The administration's green-energy efforts continue to grow a deeper shade of red.

After receiving some $70 million in federal loans (out of a 400 million LOC), Abound Solar, a Colorado-based firm that was developing thin-film solar panels, has announced it will follow an earlier Obama administration green energy failure, Solyndra, into bankruptcy."

Another $70 Million down the tubes

In a January report, Sheryl Attkisson of CBS News counted at least 12 clean-energy companies that were having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five had filed for bankruptcy: the junk bond-rated Beacon Power, Evergreen Solar, SpectraWatt, AES subsidiary Eastern Energy and the now-infamous Solyndra. Now we have a sixth — Abound Solar.

nochain wrote:From Investors.com: "Another stimulus-backed solar panel maker, one the president touted in a weekly radio address, is filing for bankruptcy. The administration's green-energy efforts continue to grow a deeper shade of red.

After receiving some $70 million in federal loans (out of a 40 million LOC), Abound Solar, a Colorado-based firm that was developing thin-film solar panels, has announced it will follow an earlier Obama administration green energy failure, Solyndra, into bankruptcy."

Another $70 Million down the tubes

In a January report, Sheryl Attkisson of CBS News counted at least 12 clean-energy companies that were having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five had filed for bankruptcy: the junk bond-rated Beacon Power, Evergreen Solar, SpectraWatt, AES subsidiary Eastern Energy and the now-infamous Solyndra. Now we have a sixth — Abound Solar.

SIX!....And yet the lame/mainstream media continues to be quiet about these and other failures like GM...The COWH is now on a bus tour touting his good record on the economy?..."The private sector is fine"...Just about daily on one of these forums there are COWH supporters that continue to complain about the big CEO's of companies getting a bonus and how upsetting that is and yet the same people seem to be satisfied with the government throwing money away on businesses...in some cases experts warned against such moves...In one of the latest it involved $10 million in bonus/stocks for a ceo that lead a failing company to even larger failures and again the same people complaining are ok with the COWH continuing to finance failing 'green' companies and now we are in the $6.5 BILLION figure!...

Solar may work. If the gubment stays out of it. Everything they stick their hands in becomes corrupt and rotton.

Let the best companies compete and win. Like it is meant to be.

Capitalism. It created new ideas, better solutions, jobs, revinue...............if only obama would step aside and let it work.

coal was working pretty well until Obama decided to PUNISH them....


Obama bankrupts COAL...