Another $33 Mil Down The Federal Rat Hole
The costly failures of Obama's alternative energy policy continue to mount.
Here's the front page from the Friday Morning, June 29, 2012 issue of the Albuquerque Journal.
The Obamacare Survives headline shares the space above the fold with the announcement of the closure of Schott Solar PV Inc.'s solar photovoltaic panel production plant in south Albuquerque, New Mexico. The company will lay off 250 employees by the end of the summer.
According to the article,
"The world market for solar panel makers has been particularly volatile since last year...A sharp drop in silicon prices, coupled with low production costs in Asia, has led to a surge in imports of inexpensive solar panels from China. That, combined with depressed demand in European markets, has pressured U.S.-based solar panel makers.
{snip}
Schott's Albuquerque plant received a $33 million tax credit, also from stimulus money, from the federal government in January 2010...Schott Solar PV is a subsidiary of Germany's Schott Solar AG, a global company with production and distribution facilities in North America, Europe Asia and Latin America."
Nationwide, this story was smothered by the SCOTUS ruling on Obamacare. But so what? It's only just another $33,000,000.00 flushed down the federal rat hole as a consequence of the Obama administration's promotion of what is, to date, a losing proposition.

Ad Free / Commenting Login
FOLLOW US ON
Recent Articles
- A Taste of the Swamp
- Do We Have 677 Unelected Presidents?
- Global Relations beyond the Prime Directive
- The Democrat Party: The Enemy Within?
- Tariffs and the Moral High Ground
- ‘Mahmoud Khalil, Who Are You?’
- The Slush Fund Nobody Voted For
- Hacktivism and the Possibility of WW III
- Illegals Working for Congress?
- Should FBI Agents Learn Martial Arts?
Blog Posts
- The Biden White House mixed it up with not one but two autopens
- The Shakespeare National Trust determines that Shakespeare is ‘not to be’
- Carville tells Democrats to quit making asses of themselves
- About that Texas congressman who called the transgender member of Congress 'Mister' ...
- A federal district court judge erases Trump’s ability to rid the country of enemy aliens
- In the UK, rape gangs are OK, pictures of women sans hijabs not so much
- Bacha Bazi still being practiced in Afghanistan; young boys sexually abused
- UN judge convicted of forcing a woman into indentured servitude
- What are capital gains, really?
- Trump begins restoring law and order
- Purge the poison: End Middle East Studies
- The Godfather: 53 and getting better all the time
- Why aren't Johnny and Suzie reading?
- ActBlue smurfs its way to oblivion
- Hunter Biden hotfoots it to a luxury vacation in South Africa, seemingly to avoid a deposition on his claimed poverty