In 2010 Obama Praised Success of Solar Giant Amonix… This Week It Went Bust (Video)

In July 2010 Barack Obama praised the success of Amonix solar manufacturing plant.
The Obama Administration dumped more than $20 million in federal tax credits and grants on the green energy giant.

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

This week it went bust.
The Las Vegas Journal Review reported:

The Amonix solar manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants has closed its 214,000-square-foot facility about a year after it opened.

Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week, but the company began selling equipment, from automated tooling systems to robotic welding cells, in an online auction Wednesday.

A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits for the North Las Vegas plant and a $15.6 million grant from the U.S. Department of Energy in 2007 for research and development.

Rene Kenerly, a former material and supply manager at Amonix, said the plant has been idle since May 1, when he was laid off. At its peak, the plant had about 700 employees working three shifts a day to produce solar panels for a utility in Amarosa, Colo., he said.

Just last week David G. Frantz, Acting Executive Director of the Loan Program Office for the U.S. Department of Energy, called the DOE Loan Guarantee program an “enormous success.” With the demise of Amonix there have now been 20 clean energy companies supported by President Obama’s stimulus that are failing or have filed for bankruptcy costing billions of dollars.
And you’re stuck with the bill.

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  • Earthmover

    Boy, all the billions of dollars the Dept of Energy has cost us taxpayers has
    sure paid off……

  • Earthmover

    I would really like to see a psychological evaluation of Obama. Something really
    amiss with that third world mongrel.

  • Granny

    Dare I ask how many more of these pre-ordained closings of “green energy” plants that appear to be nothing more than a systematic looting of the US Treasury we can plan on seeing?

  • Spider

    By forcing America to adopt the ‘green agenda’ at the detriment of all else has made our situation much worse.

    Any reasonable person would instinctively adopt the ‘all of the above’ strategy to energy.

    Yes, solar power and battery cars sound nice, but they are not currently feasible.

    Make all energy sources available, and affordable and let the free market determine the viability of alternate energies.

    Our country is now being run by the EPA and the global warming cultists.

  • xkaydet65

    Be careful here folks. Obama may have made a speech but W gave them 15million.

  • Adirondack Patriot

    If this clown backs you in business or the NCAA men’s basketball brackets. . . YOU’RE TOAST!

  • Patty

    Weekly Claims Post Rebound; Jobs Market Still in Doldrums

    Jobless rates surges. While Obama puts all his chickens in one basket with our money and once again another solar coming that he promotes bit the dust.

    Obama, you are fired. And I can’t wait when he loses this election for Trump to utter those words.

  • donh

    Amo spanish for ” I love ” Nix ..God of darkness and the night….Giving money to a solar company named ” I love darkness ” is proof this wasn’t a failed experiment in energy research. We were punked ! The American people treated as CHUMPS.

  • Patty

    Jobless claims surge…
    REPORT: Foreclosure crisis hits older blacks, Hispanics hardest…
    Home sales drop 5.4%, fewest since October…
    Grocery bills on rise as corn prices near record highs…

    Yet, keep building Solar Companies and watch them fail. THAT IS THE OBAMA WAY.

  • Patty

    USDA partnering with Mexico to boost food stamp participation

    Read more:

  • bigkahuna

    I think we should make Obama , Biden, Fat Algorythym and other Liberal loons pay for these companies…. pay to keep them open. Let them see how great it is losing their own money.

  • donh

    Instead of debating are you paying your fair share…..the question needs to be asked…Did you GET your fair share of 6 trillion that Obama wasted.

  • Patty


    New Polls Show Bain Attack Hurt… Obama

    Ya think! Oh, these polls. This one is great but I have no faith in the good or the bad. I do believe that Romney, though, will be Obama in a landslide. Poll that!!

  • Pingback: In August 2010 Obama Praised Success of Solar Giant Amonix… This Week It Went Bust (Video) | Born Conservative()

  • I’m not a racist; I don’t like Biden or Pelosi either

    Romney needs to make an ad that connects some dots, for eg.

    You want the rich to pay more for THIS?

  • Dr Dude

    I think a bigger point to all this is the fact that Obama wouldn’t recognize a successful business if it hit him in the face. in light of his recent anti business comments, I think this is more important than Bush. Bush didn’t give them anything. Congress did. Bush is not running for anything. Obama is running.

    I would rather have Romney look over my business than Obama. BO can’t even organize a meeting of his jobs committee.

  • Granny

    #16 – “Obama wouldn’t recognize a successful business if it hit him in the face”

    What else can you expect from a man who has lived more than a half-century and yet never once held a paying job as anything other than a “community organizer” or “adjunct lecturer.”

    Obama has never spent so much as a single hour flipping burgers to keep a roof over his head, never mind a day. He knows absolutely NOTHING about business, successful or not.

  • Earl P. Holt III

    Those “green” grants represent the largest criminal conspiracy in the history of the United States.

  • ponderon
  • anti-bho

    Give acceptable answers to these questions or STFU and go away.

    His silence on these matters should be enough for the average voter to send the bustard back to Chicago.