#greenfail: Another Green Subsidy Bankruptcy for the President.

Russ Steele

Mark Meckler has the story at Across the Fence.  Mark is becoming an active blogger and has some interesting posts.

Promoted directly by the President and by V.P. Biden, Ener1, which received a $118,000,000 subsidy, is now bankrupt.  This was another poster child for the President’s green energy initiative.  Now it’s another poster child for the failed policies of the Administration.  They’ve proved once again, the government isn’t very good at picking private sector winners and losers.  Though they did get $118,000,000 of our money.  So I guess to them, it’s a win!

The list of failed green companies who got Obama green subsides just keeps getting longer and longer.


About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

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