Filed under: Economy, Environment, Energy, Democrat Corruption, Junk Science, Election 2012 | Tags: More Green Energy Failure, Eliminate the Department of Energy, Free Taxpayer Money
As long as we’re talking about government expertise in fostering jobs, trade, a better economy and all good things, we have another example.
Amonix, 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 a plant in North Las Vegas. Amonix has closed its 214,000 square foot facility 14 months after it opened.
Rene Kenerly, a former material and supply manager at Amonix, said the plant has been idle since May 1, when he was laid off. At its peak, the plant had ramped up to about 700 employees working three shifts a day to produce solar panels for a utility customer in Amarosa, Colorado.
“I don’t think they had a lot of training,” Kenerly said. There were a lot of quality issues. A lot of stuff was coming back because it had some functionality issues. $20 million of taxpayer money to a green energy company that made poor product because of poor training.
Just another in a long line of people going for free government money. Except it’s taxpayers’ hard-earned money, and it’s not free.
Filed under: Capitalism, Economy, Election 2012, Freedom, Humor, News, Progressivism | Tags: 2012, Mitt Romney, Obama, You didn't build that


I always try to be helpful, so, I thought I’d help Obama get his message out…
Filed under: Capitalism, Democrat Corruption, Economy, Election 2008, Politics, Taxes | Tags: Billions Wasted, Taxpayers' Money, Waste and Fraud
Filed under: Capitalism, Economy, Election 2012, Politics, Progressivism | Tags: Bain Capital, Mitt Romney's Success, Private Equity
James Freeman, at the Wall Street Journal, points out the ironies of Mr. Obama’s attack on Bain Capital. It is clear that the Obama team doesn’t understand what it is that Bain Capital or Mr. Romney did, for they have confused the private equity firm with “corporate raiders,” and Wall Street tycoons. “Bain Capital,” Freeman says, “is the investment firm that has spent much of its 28 years enriching Mr. Obama’s voters. Bain clients tend to be government-employee pension funds, foundations, trusts and elite universities. According to Dow Jones LP Source, investors in Bain funds have included both Mr. Obama’s alma mater, Columbia, as well as Michelle Obama’s Princeton.”
Harvard has also invested with Bain. Bain Partners have also included pension funds for government workers in Illinois, Iowa, Maryland and elsewhere. Teachers’ retirement funds in California, Indiana and Ohio have also been limited partners in Bain funds.
If Mr. Obama truly believes that Bain made its money by firing people and destroying businesses, should the universities and public-school teachers give back their Bain money?
Mr. Obama is in an unenviable position. The economy in his term has only gotten worse. He blamed his predecessor for a longer period than could be supported, then he has attempted to blame Republican intransigence, but that doesn’t seem to be working either. Then the Democrats hauled out Ann Romney’s horse. Ann Romney has survived breast cancer, multiple sclerosis, and five sons and dressage is therapeutic for her. So they somehow have to portray Mitt Romney’s success with Bain Capital as a negative. Good luck with that. I guess you could try something like “if you’ve got a business, you didn’t build that. Somebody else made that happen.” Oh wait…

























