Solar Panel Company That Obama Praised as “Success Story” Hits the Skids (Video)

In August 2010 President Barack Obama spoke about the economy at the University of Nevada Las Vegas. In his address, President Obama described Amonix as a “success story”.

This week Aminox hit the skids.
Global Warming Org reported:

Earlier this week, Stimulus beneficiary Evergreen Energy bit the dust. Then, Ener1, a manufacturer of batteries for electric vehicles and recipient of Stimulus largesse, filed for bankruptcy. And today, the Las Vegas Sun reports that Amonix, Inc., a manufacturer of solar panels that received $5.9 million from the Porkulus, will cut two-thirds of its workforce, about 200 employees, only seven months after opening a factory in Nevada.

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  • shibumi

    Prez for Life Hussein: Killing Business, One Company at a Time.

  • Sasja

    So what else is new?

    But don’t worry, he has a vision for America. As he so eloquently stated in Vegas, I believe at UPS:

    I, I want us to make stuff, and build stuff, and move stuff around.

  • Carbon Pootprint

    Would it be possible to get him to talk himself up some more? Dude has a real gift for backing losers.

  • saveus

    obummer was wrong again
    what else is new?

  • arnonerik

    After we boot Obama out of Washington he should get a job as an investment counselor. We could hire him and do the opposite of whatever he advises for a sure road to financial independence.

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  • dba…vagabond trader

    Either a reverse Midas touch or its deliberate. I’ll go for the latter until proven wrong.

  • burt

    Obama: No one has stolen more.

  • airedale

    It would be great to have alisting of “green” projects/companies funded by the Porkulus with the date and amount of funding. The next column would be the date if failed (bankruptcy/shut down/laid off workers/moved to China, etc.) Finally an identification of the ties to the Obama administration and the Democrats in Congress (specific congress critters please). As they all die the dates of the chart would be filled in. We need to know which ones are a success and which ones were a money pit.

  • USMC Thomas

    When, rather than just incompetence does it become impeachment? Or treason?

  • Militant Conservative

    His record of failed crony socialism is intact.

    Obama = Evil.

    Powder is dry

  • bg

    ++

    OT..

    email via rbo2

    Credit is due to Barry Levinson, the famed Academy Award winning
    director, screenwriter, and producer who created and first published
    this two months ago in the Huffington Post. Enjoy!

    COSTELLO: I want to talk about the unemployment rate in America.

    ABBOTT: Good Subject. Terrible Times. It’s 9%.

    COSTELLO: That many people are out of work?

    ABBOTT: No, that’s 16%.

    COSTELLO: You just said 9%.

    ABBOTT: 9% Unemployed.

    COSTELLO: Right 9% out of work.

    ABBOTT: No, that’s 16%.

    COSTELLO: Okay, so it’s 16% unemployed.

    ABBOTT: No, that’s 9%…

    COSTELLO: WAIT A MINUTE. Is it 9% or 16%?

    ABBOTT: 9% are unemployed. 16% are out of work.

    COSTELLO: IF you are out of work you are unemployed.

    ABBOTT: No, you can’t count the “Out of Work” as the
    unemployed. You have to look for work to be unemployed.

    COSTELLO: BUT THEY ARE OUT OF WORK!!!

    ABBOTT: No, you miss my point.

    COSTELLO: What point?

    ABBOTT: Someone who doesn’t look for work, can’t be
    counted with those who look for work. It wouldn’t be fair.

    COSTELLO: To who?

    ABBOTT: The unemployed.

    COSTELLO: But they are ALL out of work.

    ABBOTT: No, the unemployed are actively looking for work…
    Those who are out of work stopped looking. They gave up.
    And, if you give up, you are no longer in the ranks of the
    unemployed.

    COSTELLO: So if you’re off the unemployment
    roles, that would count as less unemployment?

    ABBOTT: Unemployment would go down. Absolutely!

    COSTELLO: The unemployment just goes
    down because you don’t look for work?

    ABBOTT: Absolutely it goes down. That’s how you get to 9%. Otherwise
    it would be 16%. You don’t want to read about 16% unemployment do
    ya?

    COSTELLO: That would be frightening.

    ABBOTT: Absolutely.

    COSTELLO: Wait, I got a question for you. That means
    they’re two ways to bring down the unemployment number?

    ABBOTT: Two ways is correct.

    COSTELLO: Unemployment can go down if someone gets a job?

    ABBOTT: Correct.

    COSTELLO: And unemployment can also
    go down if you stop looking for a job?

    ABBOTT: Bingo.

    COSTELLO: So there are two ways to bring unemployment
    down, and the easier of the two is to just stop looking for work.

    ABBOTT: Now you’re thinking like an economist.

    COSTELLO: I don’t even know what the hell I just said!

    Now you know why Obama’s unemployment figures are improving,
    and you should be able to understand the State of the Union.

    ==

  • Militant Conservative

    Proof that keysian economics does not work.

  • Molon Labe

    And these are the people who will run healthcare….just like Fannie Mae, Freddie Mac, the US Postal service, Amtrak, etc, etc..

  • Pingback: Solar Panel Company Amonix Hits the Skids – Obama Praised the Company in 2010 Speech as “Success Story” (Video) | www.kotilink.com()

  • Rose

    My neighbors will never know this has happened. They watch only MSM and it will never be mentioned all year long——and Obama will skate thru again. This so discouraging—-even Fox doesn’t talk about it. If there are only 2 or 3 debates, do you really think any of the moderators from the MSM will even mention it? We will all be socialists by 2012——ABO2012

  • donh
  • valerie

    The numbers of failed companies is running up. Were they designed to fail?

  • #1AMERICAN

    Everything zero touches turns to $hit…just like his entire term so far

  • donh

    Amo….a word meaning owner master ….Nix…..noun, plural nix·es.
    (in Germanic folklore) a water spirit that draws its victims into its underwater home.