
Yet another green energy company goes bankrupt. Does an Obama subsidy guarantee failure?
Yet another green energy company goes bankrupt.

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.
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.
Rene Kenerly, a former material and supply manager at Amonix, said the plant has been idle since May 1, when he was laid off.

Does an Obama subsidy guarantee failure?
Read More: http://www.lvrj.com/business/amonix-closes-north-l...
Top Opinion
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No 'green subsidies' are kick-backs to Obama donors+10The magic of 'hope and change' is that you don't need to succeed, it's the taxpayer's money and so you can funnel billions to your corporate donors all in the name of 'protecting the environment'.






















whoops, if you succedd, it is in spite of the business owner
if you fail,, it is all the owners fault..
obomma will send some more of our tax money to these boondoggle money pits.
Plus the fact that stupid Harry Reid kept going around running his mouth about how great it was going to be. FAIL!
The best moment of that election was when Harry stood in front of a Hispanic audience and said, I don't know how you could be Hispanic and be Republican, it makes no sense. (paraphrased) Meanwhile, Rory was getting his ass handed to him by Republican, Brian Sandoval who was running ads on Spanish language stations! ROFL!
I love the Planet Earth too, folks. But I know that major changes are simply not going to work by being jammed down people's throats before their concepts are even viable. Our planet is not in immediate danger, environmentally speaking. There is time to do this right. But we have to think about the United States as a whole, not splintered about willy-nilly. There must be a balance. The economy must be stabilized. Debt must be reduced. Spending has got to cease and desist as the money is just plain running out.
Right now we are stepping up recycling. People are becoming more and more accepting of this practice. And new products come on the market all the time which are environmentally safe, effective and priced similar to current products. The free market will determine what products eventually are going to prevail and all the things that go along with those decisions. Obama and his G...
I love the Planet Earth too, folks. But I know that major changes are simply not going to work by being jammed down people's throats before their concepts are even viable. Our planet is not in immediate danger, environmentally speaking. There is time to do this right. But we have to think about the United States as a whole, not splintered about willy-nilly. There must be a balance. The economy must be stabilized. Debt must be reduced. Spending has got to cease and desist as the money is just plain running out.
Right now we are stepping up recycling. People are becoming more and more accepting of this practice. And new products come on the market all the time which are environmentally safe, effective and priced similar to current products. The free market will determine what products eventually are going to prevail and all the things that go along with those decisions. Obama and his Green freaks are jumping on bandwagons based on fear-mongering, piss-poor research and outright deceptive lies and funding them with tax dollars that really shouldn't be touched in the first place. Meanwhile, to insure that their ideological misconceptions are followed by all of us, they pass rules and regulations and legislation which shoves the price of current products up so that we dummies won't notice how high-priced the new Green products actually are. Talk about insulting the intelligence of the people!
Obama promised in no uncertain terms to bankrupt the coal industry. And, by golly, he's done one helluva great job thus far. I'm sorry, I usually stand on the sidelines when the "birther" issues come out, but I've got to ask -- nay, demand -- that Obama produce his damned educational transcripts because I want to know precisely what his educational background is vis-a-vis the basic sciences underlying this big Green Dream of his that he's shoving down my throat when I cannot afford it. And while I'm at it, I'd like to see the depth of his education in economics. Among other things.
Environmental issues are important, I will say that. But implementation of unproven, expensive, experimental projects utilizing taxpayer monies so sorely needed to reduce the horrific debt we have gotten ourselves into, for example, is evidence that Barack Obama is not looking out for the interests of the United States of America and its citizens but is instead stoking his overgrown ego and gambling with our children's futures with absolutely no consideration for adverse consequences. He most definitely, in some instances, performed no due diligence. Hell, just write a check and toss it into the pot and hope we get lucky. Great leadership techniques. I can hardly wait until he shows us how he'll feed us all with that one fish and one loaf of bread. [Because I honestly think the guy believes he can do it!]
Using a state law that highlights natural disasters and other unforeseen circumstances, North Las Vegas city leaders, prohibited from declaring bankruptcy, unanimously decided last month to declare their own state of fiscal emergency. The unprecedented move has drawn mixed reviews from town residents and a lawsuit from police brass who claim the novel twist on what makes for an emergency is nothing more than an attempt by conservative activists to bust their union.
"We've balanced our budget, we've paid all of our bills [and] all of our bonds are paid," Mayor Shari Buck recently explained before addressing a community meeting to go over North Las Vegas' finances. "Our biggest issue is salaries and compensation and benefits. And they're very unsustainable. We can't continue to do what we've done in the past."
Beyond cutting staff at city hall and closing the jail, the emergency declaration allowed Buck and the council to save millions of dollars by freezing all scheduled salary hikes and overtime opportunities owed city workers under collective bargaining contracts. Eighty percent of the city's budget goes to paying its workers and ...
Using a state law that highlights natural disasters and other unforeseen circumstances, North Las Vegas city leaders, prohibited from declaring bankruptcy, unanimously decided last month to declare their own state of fiscal emergency. The unprecedented move has drawn mixed reviews from town residents and a lawsuit from police brass who claim the novel twist on what makes for an emergency is nothing more than an attempt by conservative activists to bust their union.
"We've balanced our budget, we've paid all of our bills [and] all of our bonds are paid," Mayor Shari Buck recently explained before addressing a community meeting to go over North Las Vegas' finances. "Our biggest issue is salaries and compensation and benefits. And they're very unsustainable. We can't continue to do what we've done in the past."
Beyond cutting staff at city hall and closing the jail, the emergency declaration allowed Buck and the council to save millions of dollars by freezing all scheduled salary hikes and overtime opportunities owed city workers under collective bargaining contracts. Eighty percent of the city's budget goes to paying its workers and rather than laying off police officers and firefighters, the city declared an emergency allowing for the suspension of union agreements.
Read more: http://www.foxnews.com/politi...