Another day, another Obama green company goes belly up

Posted: February 15, 2012 in Economy, Green technology

This is happening so much it would be laughable were it not for the billions, perhaps trillions of our tax money that have been funneled to these operations. What makes this latest one bad is even after getting taxpayer money AND moving to Mexico (what about jobs here?) they still couldn’t get this bullshit technology to be viable. The company’s name is Energy Conversion Devices. They received 13.3 million in tax credits last year. They moved from Michigan to Mexico. Democrats praised them just before they filed for bankruptcy. Is anyone keeping score on the number of companies and how much total has been thrown away on this garbage? How much more of this are we going to take?
And one more thing. Gas is at historic sustained highs. The prediction is it’ll be $4 a gallon by summer. Why isn’t there a constant media drumbeat blaming the president over gas prices now? Calls for releasing the strategic oil reserves? Not.a.peep.

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