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Solargate: A second Nevada green energy plant goes bankrupt after receiving stimulus money

July 18, 2012

  Back on July 5th of this year I wrote this post about a Nevada green energy plant, Nevada Geothermal Power, which will be filing for bankruptcy after receiving $100 million in stimulus loan guarantees. In that post I wrote that I felt as though I could just copy and paste previous posts on this issue and all I would have to do is change the name of the company in question because the rest of the story is the same, and that statement really rings true because the story of Amonix is the second example of Barack Obama’s failed green energy initiative to take place in the home state of Harry Reid.

  Much like Nevada Geothermal Power, Amonix is a green energy plant located in Nevada which received federal stimulus money under Barack Obama’s green energy initiative and 14 months after receiving $21 million in federal subsidies has announced it will be shutting its doors for good.

  The Obama regime likes to make the claim that Solyndra was one bad green energy investment while the rest of the portfolio remains strong, but in oder to make that claim the regime has to ignore its other failures: Solar Trust, SoloPower, Enir1, BrightSource, Abengoa, SunPower, LightSquared, Tesla, Fisker, and Beacon Power have all received federal stimulus money, they all have ties to Democrats, and they all have issues.

  Barack Obama has been attacking Mitt Romney for sending jobs overseas, yet that is precisely what Barack Obama did in the case of Fisker. Barack Obama has been attacking Mitt Romney for investing money in companies which eventually had to file for bankruptcy, but as we can see Barack Obama has now done that on several occasions, the big difference of course is the fact that Mitt Romney did this with private money while Barack Obama did it with OUR money. I ask you which is worse?

  And this is the second company in Harry Reid’s state which wasn’t on sound financial ground when Barack Obama decided it was a worthy investment, do you think the fact that Harry Reid is the Senate Majority leader, and a Democrat, played any role in Barack Obama’s decision in these two cases? It reeks of the very same type of crony capitalism that Barack Obama railed against when he was running for president if you ask me, and we are on the hook for this.

6 Comments leave one →
  1. July 18, 2012 8:23 pm

    Obama had better stick to community organizing because he has proven can’t make as President and he damn sure wouldn’t survive as a venture capitalist.


  2. July 18, 2012 8:24 pm

    I forgot, the one thing he has been successful at is writing fiction.


  3. bunkerville permalink
    July 18, 2012 10:08 pm

    Maybe this time around, all of this will be out in the open for the voters to see, Talk about vetting. People seem not to be interested in his Marxist past, but perhaps theu can relate to this kind of corruption. Hope spring eternals.


  4. LD Jackson permalink
    July 19, 2012 7:38 am

    Keep writing about these things, Steve. The rest of America needs to know and understand that President Obama is guilty of the same things, and worse, that he has been accusing Mitt Romney of. So much for transparency.



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