Three in one week! Another green energy stimulus recipient goes bankrupt

Obama and Green JobsBy Adam Bitely — Last week (I know this will be hard to believe) three green energy stimulus recipients either filed for bankruptcy or had to significantly reduce their labor force! Three! Talk about green energy job creation. Talk about the sector that according to Obama and Biden is the future of the country!

From last Friday:

Earlier this week, Stimulus beneficiary Evergreen Energy bit the dust. Then, Ener1, a manufacturer of batteries for electric vehicles and recipient of Stimulus largesse, filed for bankruptcy. And today, the Las Vegas Sun reports that Amonix, Inc., a manufacturer of solar panels that received $5.9 million from the Porkulus, will cut two-thirds of its workforce, about 200 employees, only seven months after opening a factory in Nevada.

If you missed the story last week on Ener1, and Biden referring to them as Enron1, then check it out:

Adam Bitely is the Editor-in-Chief of NetRightDaily.com. You can follow him on Twitter at @AdamBitely.

This article has 3 comments
  • John Lee 31.01.2012 5:58 PM

    I just can’t understand the supposed intelligent people in control of our purse strings can’t figure out if a company is substantial enough to loan it money. That is what banks are for. This also proves that the present executive branch of our government is composed of members that couldn’t operate a profitable business. They are just a bunch of WANTABES that have no business sense, but a lot of criminal knowledge.

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