The great “Green Energy” initiative launched by Obama and the DOE just keeps racking up failures and bankruptcies. Two additional Crony companies bit the dust this week. A wind power company is in the process of laying off a vast chunk of its’ US workforce, and is complaining that if the expiring “production tax credit” is not renewed, it will be forced into bankruptcy. And, A123, the battery maker did declare bankruptcy today. Red State has an article that details these, and lays out a good summary of ALL of the troubled crony companies, which you can read here.
And this does not include the bankruptcy move by Solyndra, that is trying to keep $360M in tax benefits, for future use by yet another Obama bundler. No shame, and no end. At least until November 6.