Another Favored Obama Green Business Goes Bankrupt
It seems that the surest way to go bankrupt is to have President Barack Obama use your business as some sort of example of the wonders of his administration and we have yet one more example of that in Evergreen Solar, Inc., the heavily taxpayer funded business that has now closed its doors.
In April of 2009 Barack Obama’s White House Communications Dept. sent out a missive to the State of Massachusetts happily touting all the great new “green jobs” that his stimulus spending was creating.
“Evergreen Solar,the Marlborough-based maker of solar panels,” the White House letter said, “also is hoping to hire 90 to 100 people at a manufacturing plant in Devens, said Gary Pollard, vice president of human resources.
Obama’s close friend, the disastrous Deval Patrick, Governor of Massachusetts, pumped millions of stimulus dollars into solar energy company Evergreen assuming that giant fistsfulls of cash — $58 million in state aid — would prove a magic elixir that could stave off the need for good business practices and those silly things called customers.
Turns out, not so much.
The company that Obama and Patrick touted as a great example of stimulus well spent has already, back in March, fired 800 workers and now must fire even more workers. Worse, it has filed for bankruptcy listing $485.6 million in debt.
Once again we see that government cannot make jobs, government does not make products, government cannot create business out of thin air merely by throwing piles of cash at it.
Additionally, we see that the idea of so-called green jobs is a chimerical, fantastic venture. You’d sooner find a flying dragon than a sustainable green job.
When liberals look at the poor, first and foremost, they see people who will vote for them in exchange for goodies. This gives liberals a perverse incentive to keep as...Read More
Warner Todd Huston
Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.
Personally, I had thought he would not resign as long as the left leaning media ignored the story about his
Amusing note of the day: Well known Democratic advisor Joe Trippi called President Jimmy Carter’s a “failed presidency” on CNN
I’m guessing by now you already know that Van Jones, President Obama’s “Green Jobs Czar” tendered his resignation in the