Sunday, October 21, 2012

The "Greening" of America


I just found the "complete list of faltering or bankrupt green-energy companies." You know, the companies that get touted as "the next greatest job creator," or "the key to energy dependence," or some other such drivel, at their opening. The next time you hear about them is when the announcement's made about their bankruptcy. Or the amount of tax $$$ lost during the time between opening and closing. Or both.

"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."

(please note the "from both parties" phrase)

"So far, 36 companies that were offered federal support from taxpayers are faltering — 
either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes
only those companies that received federal money from the Obama Administration’s
Department of Energy and other agencies. 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."

And now, as Bill Engvall might say, Here's you list...

Read it and weep.


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