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Another Obama Green-Tech Subsidy Recipient Begins Furloughs for Workers


Green Lifestyle  (tags: Green Energy Boondoggle, Barack Obama, Bad Investment of Public Funds, Obama, Broken Promises, Mismanagement, Waste of Taxpayer Money, Green Joblessness, Green Job Illusion, Outsourcing, Picking Losers, Failure of Central Planning, Compact Power )

Paula
- 806 days ago - hotair.com
27 months and $150 million later, and the Compact Power plant has begun furloughing workers for which Obama claimed credit. Not only that, but all of those batteries stamped "Made in America" turned out not to here ... but in South Korea.



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Comments

Paula M. (39)
Tuesday October 9, 2012, 12:15 pm
From the article:






It’s difficult to know what to say at this point that hasn’t already been said. If this was a good investment, then investors would have provided the funding for it. That’s what Mitt Romney meant during the debate when he hammered Obama on the green-tech subsidy program that spent $90 billion on flyers like Compact Power, Abound Solar, and Solyndra, all of which flopped — and many more besides, like Ener1. Government doesn’t pick winners and losers — it picks losers, because winners don’t need the government to subsidize them in the first place.

This is yet another example of the same dynamic. The electric-vehicle push has been a bust, the solar-panel push has been a bust, and taxpayers end up holding the bag … again.
 

Roger Garin-michaud (114)
Tuesday October 9, 2012, 12:22 pm
noted, thanks !
 

Danuta Watola (1217)
Wednesday October 10, 2012, 2:30 am
Noted
 

Frans Badenhorst (560)
Thursday October 11, 2012, 2:10 am
noted........
 

Wim Zunnebeld (144)
Thursday October 11, 2012, 10:39 am
noted
 
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