Any Green Industries that HAVEN'T failed?

[Wneglia]

Another one bites the dust

At least Obama's Energy Department is consistent. (Picking Losers)

[Supsalemgr]

There goes another $784M of our money that the Obama administration has wasted. Of that, $249M was a grant. Just a total ouright gift to an unworthy company. This is just another in a series of bad choices by Obama's crowd. Do we really need a Department of Energy?

[Apache]

I have a friend who owns a business on Main Street. Her pet peeve, she has never recd. any grants or help with her store, yet she knows of 3 businesses who recd. over 10,000.00 start up money and all 3 are now closed. Look local and you will see failed business practices on many corners.

[Crock Hunter]

(Picking Losers)

I gather you're the local head of Liars for Rmoney. .. . .

Of the 28 funded projects -- involving 23 companies -- listed in a 2012 congressional report, only four involve businesses that were either sold or are no longer in operation.

[Wneglia]

(Picking Losers)

I gather you're the local head of Liars for Rmoney. .. . .

Of the 28 funded projects -- involving 23 companies -- listed in a 2012 congressional report, only four involve businesses that were either sold or are no longer in operation.

This list only goes through August. Others have been added since then.

I especially despise Raser Technologies, as I personally lost $5K when it went bankrupt.

[O Really]

That can't be true! For months, we've heard nothing from ad after ad about how business people - met payrolls, yada - are wonderful and should be given the keys to the kingdom. How can it be they can manage poorly?

[Stinger]

This list only goes through August. Others have been added since then.

Okay, 5 of 28.

Are you guys actually cheering because an American company went under? Are you happy because the only American company making car batteries went under?

Don't celebrate too hastily. It was bought by Johnson Controls.

[Tertius]

No we are lamenting the loss of good money by an ignorant President.

[Crock Hunter]

No we are lamenting the loss of good money by an ignorant President.

Bush has been out of office for nearly 4 years. ... Do keep up ..

[Reality]

You get what he means CH. How's the visibility under the sand?

[neoplacebo]

That can't be true! For months, we've heard nothing from ad after ad about how business people - met payrolls, yada - are wonderful and should be given the keys to the kingdom. How can it be they can manage poorly?

I see on tv every night the mighty Mark Meadows bleating about how if only we "repeal Obamacare (of course), eliminate regulations, and cut taxes" how everything will be ok and "our families will prosper." Mark Meadows "understands what Barack Obama does not." Ridiculous. Mark Meadows is so full of shit I myself can hardly believe it. I can't wait to see how things will not change once he is handed his Congressional seat. He was probably talking about how his family will prosper once he gets his little taste of power.

[neoplacebo]

No we are lamenting the loss of good money by an ignorant President.

The current president could piss away several billion a day from now until election day and not come close to the waste in money, lives, and prestige committed by the galactically stupid George Bush. Turdybus, you just can't see the forest for the trees. But you've always got solace at hand with your trusty bible.

[Reality]

PBO, are you ever going to shake the Bush cobwebs out of your head?

[Supsalemgr]

You get what he means CH. How's the visibility under the sand?

Hopefully "Crock Of" has a good shampoo brand.

[O Really]

Whether it's 5 out of 28 or whatever, would anyone like to compare the percentage of "failures" in this group compared to the overall average of start-up "failures"? Try putting your Obamaphobia in context: ..,. http://www.statisticbrain.com/startup-f ... -industry/

[Tertius]

Green Giant still makes greenbeans. Those are green jobs right?

[neoplacebo]

PBO, are you ever going to shake the Bush cobwebs out of your head?

I manage pretty well; he's mostly a source of tragicomedy than anything else..... it's just that like a car wreck, some events tend to linger in your psyche long after the actual event. That's the sort of legacy he holds for me; a terrible automobile accident in broad daylight on a straight road. Bam!

[Wneglia]

A123 crony capitalism

[Howard Gap]

It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.

The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market.

So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.

The complete list of faltering or bankrupt green-energy companies:

Evergreen Solar ($24 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($69 million)*
AES’s subsidiary Eastern Energy ($17.1 million)
Nevada Geothermal ($98.5 million)
SunPower ($1.5 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
National Renewable Energy Lab ($200 million)
Fisker Automotive ($528 million)
Abound Solar ($374 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($6 million)
Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.4 million)*
Stirling Energy Systems ($7 million)*
LSP Energy ($2.1 billion)*
UniSolar ($100 million)*
Azure Dynamics ($120 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($150 million)
Nordic Windpower ($16 million)*
Navistar ($10 million)
Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.

http://blog.heritage.org/2012/10/18/pre ... -failures/

[Wneglia]

180 solar manufacturers to bite the dust before 2015

I wonder how many Obama helped fund?