#greenfail: Another Green Subsidy Bankruptcy for the President.
01/26/2012 Leave a comment
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.