Beam me to Planet Gore !
Posted on 09/15/2011 2:31:12 PM PDT by Lmo56
Solyndra, the solar panel company whose highly publicized failure and consequent investigation by federal authorities has flashed across headlines recently, isn't the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009.
At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.
(Excerpt) Read more at foxnews.com ...
Wonder about the ethanol entrepeneurs, too. A farmer kinda gave the impression that most of them also took the money and ran.
GM --> bailout while building factories in India and China.
Evergreen 5.3 million from Massachusetts can't compete unless they move their business to China
list goes on...
'Green Energy' is a chimera and definitely not economically feasible. Solar, wind, tidal, and cold fusion are all nonstarters for various technical reasons and are not competitive with carbon based energy sources absent massive government subsidies that go well past 'start up costs'. Good intentions and wishing will not change that picture.
Regards,
GtG
Can we start using the moniker SOLARGATE ?
I can’t take credit for first usage, but certainly its more than appropriate as this scandal has legs. And much worse than travelgate and filegate given the amounts of money and ties to political contributors.
For a compendium of “-gate” scandals see http://en.wikipedia.org/wiki/List_of_scandals_with_%22-gate%22_suffix
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