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

    http://www.cnbc.com/id/48239619

    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…

    http://www.drudgereport.com/

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

  • Patty

    ot
    USDA partnering with Mexico to boost food stamp participation

    Read more: http://dailycaller.com/2012/07/19/usda-partnering-with-mexico-to-boost-food-stamp-participation/#ixzz2155ijBSV

  • 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

    OT

    New Polls Show Bain Attack Hurt… Obama

    http://www.breitbart.com/Big-Government/2012/07/19/Polls-Show-Bain-Attacks-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!!

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  • 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

    #5
    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.

  • http://biggovernment.com 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.

    http://johnmalcolmdotme.files.wordpress.com/2012/05/anybody-but-obama-2012.jpeg

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  • jay

    Word just came that assad was captured by e free syrian army

  • Pingback: Yet another Obama solar bet goes bust – Amonix | Quite Normal()

  • Doug Edelman

    Check out the Green Failure gear at http://www.cafepress.com/rightthunder!! Proclaim your support of common sense conservatism with humor, wit, snark and sarcasm!

  • Patty

    ‘Green’ Groundhog Day: Another government-backed solar plant closes its doors

    Harry Reid’s pet projects in 2010. Flashback:

    At the “flipping the switch” ceremony today in Henderson, Nevada Senator Harry Reid announced that 278 permanent green jobs will be coming to the Las Vegas valley at a new solar manufacturing plant, and construction will begin this year. Reid was joined by North Las Vegas Mayor Shari Buck and officials from the Southern Nevada Water Authority (SNWA), Amonix, Inc., TWC Construction, and the Environmental Protection Agency to celebrate the commercial operation of Amonix’s concentrated photovoltaic (CPV) solar system at the River Mountains Water Treatment Facility.

    “This project will put nearly 300 Nevadans back to work in permanent green manufacturing jobs as soon as this year,” Reid said. “Amonix is taking full advantage of a tax credit from the Recovery Act and is helping Nevada lead the way in producing clean energy. I’ve pushed hard to establish a clean energy industry in Nevada that will diversify our economy and protect us from future economic downturns. Today marks another major step in the right direction for our state.”

    Well done, Harry.

    http://michellemalkin.com/2012/07/19/green-groundhog-day/#comments

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

    OT – just read on another site that Drudge was forced to pull their story on the Sheriff Joe press conference on Tuesday. I can never find anything on Drudge, so I’m asking if anyone here knows anything about this?

  • snap boy

    And now the unions are up in arms in North Las Vegas, although they have only their own (democrats) to blame. North Las Vegas has declared a state of emergency due to a dramatic drop off in tax revenues – any bets whether Amonix bears a large part of the blame for the city’s financial woes?

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  • http://biggovernment.com ponderon
  • Jerry C

    Lies. Deception. Theft. Money laundering.

    The Federal Reserve and the U.S. Federal government are the biggest gangsters in the history of human civilization.

    Burn in Hell. All you crooks, burn in freaking Hell.

  • http://mychal-massie.com/premium/ bg

    ++

    “You didn’t build this. Somebody else built this.”

    “i didn’t build it all on my own”

    oh wait..

    “it didn’t go bust all on it’s own”

    ==

  • Blue Hen

    The facility was open for barely a year and it’s somehow a success? A fruit fly has a longer life.

  • MicahStone

    FYI: Another Obama-Funded “Green” Energy Company Bites The Dust: Amonix Solar Closes After Receiving $15.6 Million DOE Grant…

    Add one more to the massive “green” sinkhole of FAILED companies run into bankruptcy by OBOZO crony capitalists: Solyndra, Evergreen Energy, Beacon Power, Ener1, Amonix, Solar Trust, Abound Solar…..

    American taxpayers get shafted while OBOZO’s bundlers and cronies walk away with BILLIONS of our tax dollars (minus the share of the loot they kick-back to the OBOZO campaign.)

  • http://mychal-massie.com/premium/ bg

    ++

    let them go bust..

    i have TRILLIONS invested in fundamentally
    transforming AmeriKKKa into AmeriCPUSA!!

    ==

  • http://mychal-massie.com/premium/ bg

    ++

    more re: #34

    ==

  • mcc

    Here’s Maxine Waters Outing Socialist Agenda (w/ humorous angle):
    http://www.youtube.com/watch?v=sN01-Tj9ugw

    Now watch CommieJuice’s Fantastic Find linked on another thread:
    http://www.youtube.com/watch?v=wGzUJezAQy0

    Incompetence? I say that only on the days I feel charitable.

  • mcc

    Re #36 — that first video was supposed to tie Waters’ words to Oil Industry —

    here’s the right link, I hope…:

    http://www.youtube.com/watch?NR=1&v=OrA9zj94NuU&feature=endscreen

  • http://mychal-massie.com/premium/ bg
  • http://mychal-massie.com/premium/ bg

    ++

    Timeline To Global Governance

    [Means and Methods

    . Unelected boards, councils and commissions. Responsibilities of government are assigned to unelected people – accountable to nobody but the people who are funding them. These unelected bodies are equivalent to communist soviets. They take direction from unseen entities usually national and international bodies to implement the policies, rules and regulations to enable the globalist agenda. …

    . Regionalization. The implementation of regional, unelected government structures cannabalizes the powers of our traditional representative government structures within the legal jurisdictions we all understand. Regional structures are hidden in the sense that they are not recognized by the public and there is no accountability to the public. Here again, unelected regional commissions answer to hidden powers and they implement the agendas of those powers. The agenda is dissolution of our nation – our national sovereignty as the global governance system rises. The war in the Middle East is to create a regional governance structure MEFTA superimposed on existing governments. MEFTA will put the Middle East in the Global trading system under the WTO – which is an organization run by and for the multinational corporations. The WTO and ‘free trade’ agreements are what have been used to gut our economy. They established a rigged game in which American domestic businesses and in fact, any domestic businesses in virtually any country (except Communist China and Socialist India) can’t succeed. These agreements basically sell market share of domestic businesses to multinational corporations – who then flood the market with products (and human capital) at costs lower than the domestic businesses can attain. The domestic business goes out of business – and the multinational picks up the market share.

    . Loss of Private Property Rights – including water rights. Environmental front groups are in the lead on this. The government provides the regulation making it virtually impossible for land owners to keep their property. Environmental groups like Nature Conservancy then steps in to buy the property.

    . Official obliviousness to anarchists and foreigners on our soil demonstrating for rights for non-citizens. They make a pretense of protecting our borders while encouraging illegal aliens in every way possible.

    . They are flooding our labor markets with cheap foreign labor – taking jobs away from American citizens which impoverishes them. It’s difficult for poor people to organize and fight back in any way other than physical destruction. The Congress has become a corrupt government that is for sale to the highest bidders. Impoverished Americans have to pull with a Congress that is bought and paid for by corporate lobbyists.

    . They are selling off U.S. assets – the going out of business sale.]

    ==

  • Patty

    Belligerent MSNBC Host Bullies Romney Spokesman

    http://www.breitbart.com/Breitbart-TV/2012/07/19/Belligerent-MSNBC-Host-Bullies-Romney-Spokesman

    Video and who is this creep of a host?

  • Patty

    Let’s open the discussion of potential felonies Mr. President.

    Anyone Remember Obama’s Felony with
    Joe Sestak/Andrew Romanoff Job Bribes?

    So, Team Obama wants to slander Mitt Romney with false felony charge over Bain documents. I have a long list of laws Obama has broken with all his executive orders to not enforce the Defense of Marriage Act, No Child Left Behind Law, Immigration laws and Welfare Reform laws. But one that nobody seem to be pointing out is that Democrat Joe Sestak claimed Obama’s White House offered him a job if he didn’t run against Republican, turned Democrat, Arlen Spector. Spector’s switch gave Democrats a filibuster proof Senate.

    Spector’s payoff for switching parties was to run unopposed and to make this happen, the White House offered Sestak a job bribe. Sestak slipped up and revealed the felony bribe, so the White House went into spin mode until eventually Bill Clinton saved them by admitting he was the go between that offered Sestak the White House proposed job. Clinton must have received a bribe himself because he also admitted he wasn’t the go between. No matter what the story is, it’s still unconstitutional (Article 2, Section 4) and a felony (18 U.S.C.Section 201) even if it was an “indirect” bribe (18 U.S.C. Section 600).

    There was no investigation into the admitted job bribe due to the Democrat controlled House Judiciary Committee blocking it.

    Then we had the Andrew Romanoff job bribe. Team Obama, led by Obama puppeteer Jim Messina, offered Romanoff a job with USAID, if he didn’t run against Obama-supported Michael Bennett for the Senate seat.

    Read more: http://suckersonparade.blogspot.com/2012/07/lets-open-discussion-of-potential.html#ixzz216MBqnRl

    continue reading

  • http://mychal-massie.com/premium/ bg

    ++

    Patty #40 July 19, 2012 at 3:05 pm

    Mitts guy (Tim Miller) did a great job
    against that derriere mouthed (fitb)..

    via rbo2

    July 19, 2012

    Lying Liars: Soros-funded ‘campaign finance reform’
    organizations want names of Romney’s top fundraisers

    [Can there be any doubt of the “who” behind this push for
    “transparency”? Perhaps Romney should make a deal with
    the Obama campaign: You show me yours (i.e. 2008 foreign
    campaign contributors AND college transcripts) and I’ll show
    you mine.]

    ==

  • http://none tommy mc donnell

    they couldn’t do this to you if you didn’t let the politicans take your income in the first place.

    do you think anyone in the democratic party-media complex will ask where the money went?

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  • arnonerik

    I know that Comunists like those that infest the Obama Administration do not trust the “market” but what justification can they have to blow taxpayer money on companies that private investors like Bain Capital would not touch. This is just another expensive learning moment for us sheep showing that the Obama economic theory of crony capitalism with strong Socialist under currents is not anywhere near as accurate and efficient as the free market. In fact. it is either gross stupidity or an outright Obama sponsered swindle.

  • Pingback: Renewable energy … still failing badly | pindanpost()

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  • Limousine Barry

    Let me be clear, these executives from Seal Beach California did not succeed on their own. Someone else helped! That someone was me and my cronies handing out Taxpayer dollars. [Whisper… whisper]

    Umm… These people at Amonix did not fail on their own. Someone else helped! It was government red-tape and crony economic policies!

    And, these Seal Beach California executives did not build this scam on their own. Someone else helped. That would be me and my band of thieves!

    And, the Amonix people did not build the manufacturing equipment. Someone else did. That was Chinese makers and other offshore workers!

    Look, Amonix wasn’t a total Bust. My cronies cleaned out the coffers before liquidating the equipment. They pocketed a lot of money… some of which I hope to see in my campaign bank account!

    My campaign Bus is spewing fumes and David Axelrod has a new scam to inflict upon my Hollywood donors. This is the Roach Motel scam where the donor’s money checks in but never checks out. It goes into my pocket. Who cares if my Hollywood donors get screwed? They always vote for me! I cannot get into specifics at this time. Good day.

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  • vincent

    Now here is the Republicans attacking small Business. Your killing us Republicraps.