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Jul 26 2012

The Green Graveyard

Obama’s crony capitalist Solyndra debacle — which cost taxpayers a staggering $535 million — is only the tip of the iceberg. Green energy is a license to indulge in graft, allowing massive amounts of our money to be laundered through absurd boondoggles before passing into the pockets of Obama donors, or simply to be flushed away as offerings to the deranged gods of liberal ideology. Behold the Green Graveyard:

• Abound Solar (Loveland, Colorado), manufacturer of thin film photovoltaic modules.
• Beacon Power (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.
• Ener1 (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars.
• Energy Conversion Devices (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products.
• Evergreen Solar, Inc. (Marlborough, Massachusetts), manufactured and installed solar panels.
• Mountain Plaza, Inc. (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology.
• Olsen’s Crop Service and Olsens Mills Acquisition Co. (Berlin, Wisconsin), a private company producing ethanol.
• Range Fuels (Soperton, Georgia), tried to develop a technology that converted biomass into ethanol without the use of enzymes.
• Raser Technologies (Provo, Utah), geothermal power plants and technology licensing.
• Solyndra (Fremont, California), manufacturer of cylindrical panels of thin-film solar cells.
• Spectrawatt (Hopewell, New York), solar cell manufacturer.
• Thompson River Power LLC (Wayzata, Minnesota), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.

Each has been handed money stolen from taxpayers; each has filed for bankruptcy.

How many times does this have to happen before some enterprising prosecutor files racketeering charges against the Wealth Redistributor in Chief?

Obama’s economic legacy.

On a tip from TheWrightWing.

17 Responses to “The Green Graveyard”

  1. justme says:

    The interesting thing is all of this alternative power generation was spiked in 2000. Companies like Plug Power and Ballard Power Systems among others were “ushering in” the next wave of energy production and automotive power.

    The stock market loved those companies around March of 2000, spiking their stock prices into the mid $100 range. By September they were $10 stocks. Today they are penny stocks, with no impact on society at all even after nearly 13 years of development and patents.

    If “real” companies couldn’t make a go of green power, did anyone really believe billions in government subsidies to phantom companies and figments of Al Whore’s imagination were going to result in anything?

  2. Sinister66 says:

    Not that it means anything but the “Solyndra debacle” started in 2007. and it wasnt all tax payer money.One of the earliest and largest investors, Madrone Capital Partners, is funded by the family that started Wal-Mart, the Waltons.

  3. A. Levy says:

    When you rule a nation of weak, gullible sheep, you need not worry about asking their permission to spend their money.

    Imagine sitting in the Oval Office and having the power to simply pick-up a pen and override (see: ignore) the will of the people and of congress? I wonder what the Founding Fathers would think of that? I wonder what the Founding Fathers would think of us, as a people. I dare say that looking at the American people in 2012 would make them cry.

  4. Why do I have this recurring nightmare that Obama will resign on January 19th, and then Slow Joe will give him a presidential pardon, along with one for Holder, Napolitano, Geithner, Bernanke and the rest?

  5. wasabi says:

    You can probably soon add First Solar to that list.

  6. IslandLifer says:

    F A I L !!!!!!!

  7. dan says:

    i’d whistle past the graveyard,
    but I’m way past pucker

  8. cmon people says:

    … and as always, it falls to me to point out the stupidity inherent in this little nest of ignorance.

    So… How many of you think that investing in the future/green tech like Solyndra is a boondoggle? How many of you think it has no future, and it won’t ever make a profit?

    OK… everyone who just put their hand up is a total fucking moron.

    For the first five months of this year, the total value of Chinese solar cell & solar panel imports reached $1.21 billion, up from $993.2 million for the same period of 2011, an increase of 21.8 percent. See also Malaysia ($135.5 million, up 950 percent from the year-ago period), Taiwan ($47.2 million, up 615 percent), and the Philippines ($41.5 million, up 47.3 percent).

    Add those number up for me, retards. Is it more than Solyndra lost? Don’t you find yourself wising that people with foresight had insisted on continuing to subsidize the US SOLAR INDUSTRY instead, so that those jobs and dollars were here, instead of there?

    I despise people who are so hopelessly inured to their political ideology that even really obvious good ideas get treated with disdain.

    You are pimples on society’s ass, and aren’t even bright enough to be ashamed about it.

  9. justme says:

    re cmon people…I’ll bet your lil garden gnome burns bright after dark!

  10. cmon people says:

    wow… justme is a prefect example of the ‘societal ass-pimple’ subset.

    Scary that you fuckers get to vote. Want to throw in anything substantive about the relative economic values, or just want to talk about garden gnomes?

    (This is why I call you stupid, for the record… your incredible stupidity).

  11. KHarn says:

    “cmon people says:July 26, 2012 at 11:47 am”

    So you think we should have kept shovling OUR money into these failures untill they show a profit? Should the money stop then, or should OUR money keep pouring into those companies for all eternity?

    By the way, all those other countrys don’t have a WELFARE STATE like we do. China is discovering the value of FREE MARKETS. Taiwan and the Philipines don’t sthrow billions at other countries like we do.

    And communism still sucks.

  12. Cameraman says:

    Com On Commie! Dipshits like you will never understand the FREE Market Principal! If the Free Market endorses a New Green Energy, and it is PROFITABLE It will Succeed and all is Well, if its a LOSER like You, it will Fail, and The TaxPayers should not take the Hit!
    GTFU !

  13. cmon people says:

    … i suppose pointing out that if we HELP our nascent industries, they are likely to succeed… faster

    yeah. that has only worked many, many, many times in history. from the railroads to the burgeoning space tourism industry. generation after generation. glad that you fucktards are so smart, and know that solar power et al just ain’t worth it. despite it already being profitable for others.

    Ever get tired of proving how little you know about the history of your own country, or its economics, or … everything, really?

    Damnitall. And you fuckers still get to vote.

  14. DB says:

    Bottom line is solar power et al cannot supply the total energy volume we currently expend with hydrocarbons. All of the current green technologies together operating optimally, (no matter who vends the required hardware), fall FAR short of need. One of the biggest problems is power storage, particularly portable power.

    Many of the firms listed above were working on building the Better Battery. They got gobs of public money but didn’t make it. Fact is, solar power et al is not commercially viable at this time. Not even with massive, unsustainable direct subsidies from our Govt.

    Of course no firm dependent on government sustenance can be described as “profitable”, except by those who know a lot more about economics and history and everything, really.

    Now I’m off to research the direct public cash “investments” we made in the nascent automotive, aeronautic, computer, shipbuilding, petrochemicals, pharmaceuticals, bicycle, buggy whips (et al) industries. Shouldn’t take long, for a Fucktard.

  15. Don’t forget Navy paying $425 a gal for biofuel and now the Army is getting into the green graveyard – funding solar panels on bases.

  16. Momster says:

    Quote from Ayn Rand:

    Ecoonomic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value;

    political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction.

    The businessman’s tool is values; the bureaucrat’s tool is fear.

    (See green energy and Obamacare)

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