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

FanOreilly 2012/07/18 22:58:14
Yes Obama has the 'Midas touch' of failure
No 'green subsidies' are kick-backs to Obama donors
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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...

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  • FanOreilly 2012/07/18 22:59:33
    No 'green subsidies' are kick-backs to Obama donors
    FanOreilly
    +10
    The 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'.

    Reid green corruption

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  • Patsy 2012/07/31 18:57:30
    Yes Obama has the 'Midas touch' of failure
    Patsy
    +1
    All of the above! Yes failure and yes kick-backs.
  • Captain-Morgan 2012/07/22 02:42:45
    No 'green subsidies' are kick-backs to Obama donors
    Captain-Morgan
    +1
    Risk little and gain nothing... Who me! Why would we worry it's only the tax payers money.
  • us 2012/07/21 04:43:13
    Yes Obama has the 'Midas touch' of failure
    us
    +2
    Green Energy should have been privated investor, not the government expecting taxpayers to pay. I believe it time it will work but not the way they are pushing it through and taxing us . If solandra falls, taxpayer should not be responsible for.
  • mikeyavelli 2012/07/20 17:07:12
    Yes Obama has the 'Midas touch' of failure
    mikeyavelli
    +2
    and the most enjoyable part is how history will record the global warming/ green efforts of america's first black president who was considered very smart at the time.
  • jmc07806-PWCM-JLA 2012/07/20 11:18:22
    Yes Obama has the 'Midas touch' of failure
    jmc07806-PWCM-JLA
    +2
    They are campaign donators pay backs but that also guarantees failure.
  • Swampdog 2012/07/20 02:02:47
    No 'green subsidies' are kick-backs to Obama donors
    Swampdog
    +2
    Some one is making money some where in these fiascoes. OPEC?
  • Saye Saye 2012/07/20 01:23:11
    Yes Obama has the 'Midas touch' of failure
    Saye Saye
    +3
    History does not lie
  • Walter Harris 2012/07/20 01:21:56
    Yes Obama has the 'Midas touch' of failure
    Walter Harris
    +4
    yet more well spent money
  • Patric 2012/07/20 00:35:53
    Yes Obama has the 'Midas touch' of failure
    Patric
    +3
    and all these business had help, they had nothing to do with there success..

    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.
  • firelooker 2012/07/19 23:55:07
    No 'green subsidies' are kick-backs to Obama donors
    firelooker
    +4
    It's all about paying back people who put money up for Obie.
  • OnlyAPilgrim 2012/07/19 22:13:45
    Yes Obama has the 'Midas touch' of failure
    OnlyAPilgrim
    +4
    He touched America and it is going down the tubes also!
  • Sweet-N-Sour 2012/07/19 20:43:01
    Yes Obama has the 'Midas touch' of failure
    Sweet-N-Sour
    +3
    Amonix Solar is/was right down the street from me. I knew the moment I heard it was going in that it would fail because Obama was involved. Just kept looking at my watch...lol!
    Plus the fact that stupid Harry Reid kept going around running his mouth about how great it was going to be. FAIL!
  • firelooker Sweet-N... 2012/07/19 23:56:34
    firelooker
    +3
    For the life of me I can't understand why Harry keeps getting reelected.
  • Swampdog firelooker 2012/07/20 02:04:38
    Swampdog
    +1
    Look at his constituents.
  • Sweet-N... firelooker 2012/07/20 02:28:12
    Sweet-N-Sour
    +1
    I contend that he isn't. Did you know that his son, Rory, who was running for governor of NV, was in charge of the early voting machines and procedures? Yeah, there was early voting fraud right out of the gate. I don't remember all the details but I remember it being hushed up. Also, Las Vegas being the most populous city in NV is run by Union, of which Harry's lips are firmly planted on their collective sphincter, and we all know there is no depth that they will not sink.
    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!
  • firelooker Sweet-N... 2012/07/20 17:36:33
    firelooker
    +1
    I had heard there was possibly some fraud there since the SEIU was maintanining the voting machines. The libs keep sqawking that the conservatives in Congress are blocking Obama's plans but it's really the Dems and Reid who block most of everything in the Senate.
  • frank 2012/07/19 17:57:17
    No 'green subsidies' are kick-backs to Obama donors
    frank
    +3
    It is looking that way.
  • TruBluTopaz 2012/07/19 15:35:01
    No 'green subsidies' are kick-backs to Obama donors
    TruBluTopaz
    +3
    And when I say that it is because I believe these companies were set up to absorb and launder stimulus money back into the Obama campaign machine.
  • Space Invader 2012/07/19 14:55:40
    Yes Obama has the 'Midas touch' of failure
    Space Invader
    +4
    And they're kickbacks.....Sonny Beach; they are sucking the wad on this one!!
  • Seonag 2012/07/19 14:41:23
    No 'green subsidies' are kick-backs to Obama donors
    Seonag
    +1
    What do you expect! The guy has no business sense or experience. Learning on the job as President is just not working!
  • Sweet-N... Seonag 2012/07/19 20:45:11
    Sweet-N-Sour
    That's not fair! He did sell some drugs in his youth...
  • Seonag Sweet-N... 2012/07/20 11:56:39
    Seonag
    Guess that was his 'working off the books' as a youth ...
  • Jean 2012/07/19 13:45:45
    No 'green subsidies' are kick-backs to Obama donors
    Jean
    +1
    Obama's subsidies all go to industries and businesses that no sane investor would touch - not even Bain Capital would venture into a Solyndra or equivalent enterprise, because from the get-go there was no upside potential. These businesses fail because they were shells to begin with.
  • Silvershadows 2012/07/19 13:05:59
    Yes Obama has the 'Midas touch' of failure
    Silvershadows
    +3
    Tough choice!! Not only a failure (except he's doing exactly what he planned!) but kickbacks for sure. Kicking Romney for Bain?? How many lost their jobs from Obama's failed green energy programs?? AND, all the other areas he sent money to?? How much of the taxpayer's money was sent to overseas companies? He's outsourcing in spades. Everyone who swallowed his "Hope and Change" are getting exactly what they deserve. Future poverty for themselves, their children and grandchildren. Yeah, and how much has he received from overseas donors?? His own personal wealth is immense. HOW did he come into it-----legally???? He's into Big Government and Marxist control.
  • firelooker Silvers... 2012/07/19 23:57:32
    firelooker
    EXACTLY
  • jimmy d 2012/07/19 12:14:21
  • Don 2012/07/19 11:35:22
    No 'green subsidies' are kick-backs to Obama donors
    Don
    +1
    It's a proven kickback to his cronnies.
  • paul 2012/07/19 08:31:55
    Yes Obama has the 'Midas touch' of failure
    paul
    +1
    and the wind turbine companies are following right behind.
  • Bob DiN 2012/07/19 08:31:00
    No 'green subsidies' are kick-backs to Obama donors
    Bob DiN
    +1
    Obama is corrupt and gives kickbacks to his big campiagn contributors. The whole fraud is a insider money making scheme.
  • Andrew 2012/07/19 07:39:39 (edited)
    No 'green subsidies' are kick-backs to Obama donors
    Andrew
    +4
    Obama and ALL Progressives (Regressives) who advocate that our government subsidize ANT energy company should be voted OUT! It is NOT the job of government to pick winners and losers in the energy world or in any industry for that matter. The free market does the best job of picking winners and losers and all government subsidies do is give us "push me, pull you's"! Push me  Pull you
  • ruthannhausman 2012/07/19 07:01:50
    Yes Obama has the 'Midas touch' of failure
    ruthannhausman
    +3
    Pretty much so because Obama, as well as other Green "pushers" think they are doing the entire world a huge favor with these projects but they've given almost no thought to the practicality and expense attached thereto. Meanwhile, they demonize non-Green industries unmercifully and pass taxes and regulation designed to bankrupt those companies. And with great success, I must add.

    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...



    Pretty much so because Obama, as well as other Green "pushers" think they are doing the entire world a huge favor with these projects but they've given almost no thought to the practicality and expense attached thereto. Meanwhile, they demonize non-Green industries unmercifully and pass taxes and regulation designed to bankrupt those companies. And with great success, I must add.

    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!]
    (more)
  • firelooker ruthann... 2012/07/20 17:41:03
    firelooker
    Nope can't have that, the gov't must be in control of everything. Don't you realize the libs/ progressives are smarter than us and under them all these socialist programs that have failed everytime they've been tried in the past will succeed cause they're so smart.
  • ruthann... firelooker 2012/07/22 14:21:47
    ruthannhausman
    You know, I wish I was as dumb as those idiots who follow Obama around and hang on his every word as though he's The One, because then maybe I'd be able to sleep at nights. Alas, I cannot sleep at nights seeing and hearing about all the things that man is doing -- and getting away with -- to my country. Yes, indeed, having brains is definitely a minus in the current political environment.
  • 3kidsandamom 2012/07/19 05:51:45
    No 'green subsidies' are kick-backs to Obama donors
    3kidsandamom
    +2
    This along with the fact that his lack of business sense doesn't seem to understand that if a product doesn't have a lot of demand it will fail regardless of the amount of taxpayer money he throws at it. Common sense just doesn't appear to exist in DC!
  • firelooker 3kidsan... 2012/07/20 17:42:59
    firelooker
    +2
    Common sense in Washington is an endangered species. Politicians lose it the minute they get elected aqnd get their first bribe.
  • lark 2012/07/19 04:22:08
    No 'green subsidies' are kick-backs to Obama donors
    lark
    +2
    Why do you think so much of his $ comes from outside the country
  • Irish little 2012/07/19 03:51:08
    No 'green subsidies' are kick-backs to Obama donors
    Irish little
    +2
    Who ever pays the most WILL get the most in return.
  • LibertyCaroline 2012/07/19 03:26:52
    Yes Obama has the 'Midas touch' of failure
    LibertyCaroline
    +2
    It seems as though everything the Government touches fails.
  • Obama Failed Soda Head Chie... 2012/07/19 03:18:37
    Yes Obama has the 'Midas touch' of failure
    Obama Failed Soda Head Chief Opi
    +2
    the list of the nation's summer disasters including floods, fires, and drought you can add a $30 million budget hole in North Las Vegas, Nevada.

    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 ...



    the list of the nation's summer disasters including floods, fires, and drought you can add a $30 million budget hole in North Las Vegas, Nevada.

    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...
    (more)
  • mac9 2012/07/19 03:14:32
    Yes Obama has the 'Midas touch' of failure
    mac9
    +3
    Obama is a failure. That explains why everything he touches turns to sh-i-

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