Another Obama-backed green company stimulated by our tax dollars back in 2009 has gone belly-up. Ener1, a company that manufactures electric car batteries, filed for Chapter 11 bankruptcy protection yesterday after failing to repay stacking debt.
This list will get bigger but here is what we are looking at so far. Solyndra, a solar panel manufacturer out of California devoured $535 million of our money and filed for bankruptcy. Beacon Power, an energy storage firm out of Massachusetts filed for bankruptcy compromising $43 million of our money. And the latest entry, Ener1, ate $118 million of the dollars that you and I work hard for every day.
It is understandable that things like this happen far too often and it is not my intention to exploit these few incidents to completely characterize the performance of our president. Three green companies that Barack Obama endorsed with our tax dollars going bankrupt is only a thread from the fabric of reasons why he does not deserve a second term, but these companies going bankrupt while he passes up opportunities like not signing the Keystone pipeline, which would have created tens of thousands of jobs, tax revenue, and furthered energy independence---that is a slap in the face.
503.4 miles to go.
Here is what happened one year ago on Day151.
This list will get bigger but here is what we are looking at so far. Solyndra, a solar panel manufacturer out of California devoured $535 million of our money and filed for bankruptcy. Beacon Power, an energy storage firm out of Massachusetts filed for bankruptcy compromising $43 million of our money. And the latest entry, Ener1, ate $118 million of the dollars that you and I work hard for every day.
It is understandable that things like this happen far too often and it is not my intention to exploit these few incidents to completely characterize the performance of our president. Three green companies that Barack Obama endorsed with our tax dollars going bankrupt is only a thread from the fabric of reasons why he does not deserve a second term, but these companies going bankrupt while he passes up opportunities like not signing the Keystone pipeline, which would have created tens of thousands of jobs, tax revenue, and furthered energy independence---that is a slap in the face.
503.4 miles to go.
Here is what happened one year ago on Day151.
