Wednesday, August 31, 2011

Waiting for the sun (UPDATE)

When observing today’s latest jobs destruction report from the DOJ’s suit filed against the AT&T/T-Mobile merger, costing 5000 pledged jobs, we’re inclined to look at all the other aspects of Big Government’s hand in the free market cookie jar. And one such crumbling area is Green Jobs, particularly the unemployment they're raking in. Check out this glowing track record:

EPV Solar Inc. – New Jersey – “A cloud has passed over the local renewable energy industry as a township-based solar manufacturing concern, once trumpeted as a leader in green technology, has been forced to file for Chapter 11 bankruptcy protection.” – 3/13/10
Evergreen Solar Inc. – Massachusetts – “The Chapter 11 filing by a company once seen at the forefront of U.S. renewable energy technology came after a two-year struggle to stave off competition from Asia. The increasingly crowded market forced Evergreen to close its much-touted but short-lived Massachusetts factory and relocate manufacturing to China, and resulted in the virtual disappearance of its once-lofty stock market value.” – 8/15/11
SpectraWatt – New York – “Solar-manufacturing hopeful SpectraWatt has filed for bankruptcy protection, blaming operational problems and difficult market conditions. It's the second U.S.-based solar company to file for bankruptcy this month.” – 8/24/11
Solyndra – California – “Solyndra, a renewable energy firm that became the darling of the Obama Administration, shut the doors to its California headquarters today, raising fresh questions from the administration's critics about political favoritism in the federal loan program.” – 8/31/11

$535 million of taxpayer revenue wasted and 1,000 full-time jobs lost in that last failure. While this administration is still funding their eco-experiments, they continue to lose jobs, waste exorbitant amounts of money and simultaneously obstruct our proven energy sources through moratoriums and regulatory red tape (thus losing even more jobs).

UPDATE: FBI raids Solyndra on the morning of Sept. 8th...oops!  I don't recall hearing about that stimulating company in Obama's jobs speech...

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