January 26, 2012
— Ace Venture Socialism and Trickle Down Government-- catch the fever.
An Indiana-based energy-storage company, whose subsidiary received a $118.5 million stimulus grant from the Energy Department, filed for bankruptcy Thursday.Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the companyÂ’s debt and infuse $81 million in equity funding.
....
“While it’s unfortunate that Ener1, the parent company, has entered a restructuring process, the new infusion of $80 million in private capital demonstrates that the technology has merit,” Energy Department spokeswoman Jen Stutsman said in a statement.
Sure does! Why, that new infusion of $75 million (or whatever) into Solyndra, curiously timed to get the company past the 2010 elections, sure worked magic there, too!
And lookie here! We have another election coming up!
Via Iowahawk.
Posted by: Ace at
10:56 AM
| Comments (91)
Post contains 150 words, total size 1 kb.
Posted by: PJ at January 26, 2012 10:58 AM (DQHjw)
Posted by: The kids from South Park at January 26, 2012 10:58 AM (piMMO)
Posted by: Lord Monochromicorn at January 26, 2012 11:00 AM (qlNb3)
Posted by: mpfs at January 26, 2012 11:00 AM (+8ySy)
Posted by: Julie at January 26, 2012 11:00 AM (O/fK8)
Posted by: Serious Cat at January 26, 2012 11:00 AM (2YIVk)
Posted by: Tim at January 26, 2012 11:01 AM (xq7pr)
also...
Newer rule: If a company is given taxpayer cash by the JEF, it will go bankrupt!
/yeah, I'm looking at you GM!
Posted by: shibumi, a Luddite at January 26, 2012 11:01 AM (z63Tr)
Posted by: TheQuietMan at January 26, 2012 11:01 AM (1Jaio)
Van Irion and Mark Hatfield made their arguments, and left. Taitz then presented her argument, calling several witnesses, until the judge asked her to make her closing statement. As her closing statement began, the judge asked if she was testifying, and, in an unconventional move, Taitz took the witness stand to testify. The judge finally asked her just to make her closing statement, which she did.
We believe that the default judgment automatically translates into the judge's recommendation to the Sec. Of State being that Obama should not appear on the ballot in Georgia.
Posted by: Bob Novak at January 26, 2012 11:02 AM (e8kgV)
Posted by: EC at January 26, 2012 11:02 AM (GQ8sn)
Posted by: Serious Cat at January 26, 2012 11:02 AM (2YIVk)
Posted by: NukemHill at January 26, 2012 11:03 AM (7WLzC)
Posted by: Willard Mitt Romney at January 26, 2012 11:05 AM (ggRof)
"Barely seven months ago, in June, Solar Trust broke ground on the Blythe plant, heralded as the largest solar plant in the world, with U.S. Secretary of the Interior Ken Salazar and California Gov. Jerry Brown both on hand.
With a $2.1 billion federal loan guarantee, the company had promised that the project, originally designed as a solar thermal plant, would create hundreds of jobs and pour millions of dollars into the local economy."
Posted by: soothsayer at January 26, 2012 11:05 AM (sqkOB)
Posted by: NukemHill at January 26, 2012 11:05 AM (7WLzC)
Posted by: dudeonbreak at January 26, 2012 11:05 AM (BRa9r)
I am staring an investment service. Find out who is getting funds from the federal government and short them.
1 Invest in my fund
2 <this line intentionaly left blank>
3 Profit
Posted by: AndrewsDad at January 26, 2012 11:06 AM (C2//T)
Posted by: Acey Two Times at January 26, 2012 11:06 AM (HN/S8)
Posted by: Truman North at January 26, 2012 11:06 AM (I2LwF)
Posted by: Newton Leroy Gingrich at January 26, 2012 11:06 AM (ggRof)
Posted by: Circa (Insert Year Here) at January 26, 2012 11:06 AM (B+qrE)
Posted by: Newt Gingrich at January 26, 2012 11:07 AM (SY2Kh)
Prez: It's great to be back in Vegas!
People (subdued, probably remembering Prez telling people not to go to Vegas): Yaaaay.
Prez: I love you back!
Posted by: Sterling Archer at January 26, 2012 11:08 AM (1H47k)
Range Fuels belongs on the list. Cellulosic ethanol in Georgia. $150m I think. Place closed down after making one batch of product.
Posted by: scottst at January 26, 2012 11:09 AM (/xxMK)
Posted by: alexthechick - Happy Fun ahoy! at January 26, 2012 02:58 PM (VtjlW)
What services do you provide?
Posted by: Deathknyte at January 26, 2012 11:10 AM (6l5Kr)
Local talk radio cut off Limbaugh at 2:00 for Paterno's memorial service. So I checked a local TV station and they, too, are running it live.
Strangely enough, watching it on TV, I find it a very proper and uplifting memorial service.
Our ultra-liberal local talk show host and vociferous critic of Paterno is being preempted by the memorial.
I'll bet his brain cell is boiling. I hope the service lasts as long as the blowhard's radio program. If he has any air time left after the memorial he (Steve Corbett) is gonna get a raft of shit from his callers.
Posted by: Ed Anger - Certified Kos Kid at January 26, 2012 11:10 AM (7+pP9)
Posted by: King Barky at January 26, 2012 11:10 AM (X3lox)
The next stupid green venture expected to fail is Geneis Solar.
$852M in loan guarantees last August 2011.
They ain't doing so hot.
Posted by: soothsayer at January 26, 2012 11:11 AM (sqkOB)
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 11:11 AM (8y9MW)
Posted by: Dr Spank at January 26, 2012 11:11 AM (lVGED)
Posted by: ambrosia at January 26, 2012 11:12 AM (oZfic)
Posted by: Serious Cat at January 26, 2012 11:12 AM (2YIVk)
Posted by: Chi-Town Jerry at January 26, 2012 11:12 AM (f9c2L)
Posted by: Jeffrey Quick at January 26, 2012 11:12 AM (g9neE)
Just who are the private dupes pumping 81M into a failed Obama show & tell? Surely not campaign contributors because that would be unseemly?
Posted by: Doctor Fish at January 26, 2012 11:14 AM (TkGkA)
Posted by: AndrewsDad at January 26, 2012 03:06 PM (C2//T)
Hell, I'm in! Beats the Casino's, and almost anything else you can think of...
Posted by: HH at January 26, 2012 11:14 AM (KB0hv)
Posted by: wheatie at January 26, 2012 11:14 AM (ALwK/)
Posted by: Acey Two Times at January 26, 2012 03:06 PM (HN/S
Heh. Blogfellas was on last night.
Posted by: real joe at January 26, 2012 11:14 AM (979FD)
judge's recommendation to the Sec. Of State being that Obama should not
appear on the ballot in Georgia.
Wait, what?
Did SCOGA just say that Barky won't be on the GA Ballot?
Is there even time for that to get to SCOTUS?
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 11:15 AM (8y9MW)
“The restructuring is not expected to impact EnerDel’s operations and the company has made clear that they do not expect to reduce employment at the site.”
Well...this bullshit will become inoperative in less than six months!
Posted by: Doctor Fish at January 26, 2012 11:15 AM (TkGkA)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at January 26, 2012 11:15 AM (XQeEX)
And some more good news brought to you by the Obama Department of Expensive Energy:
FirstEnergy closing 6 coal-fired power plants
FirstEnergy Corp. says it will shut six older, coal-fired power plants in Ohio, Pennsylvania and Maryland, affecting about 530 employees.
The Akron, Ohio-based utility said Thursday that the move is related to new environmental rules. The U.S. Environmental Protection agency in late December announced new national standards designed to reduce toxic pollution from coal- and oil-fired power plants.
http://tinyurl.com/78grbc3
Posted by: Ed Anger - Certified Kos Kid at January 26, 2012 11:15 AM (7+pP9)
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 11:17 AM (8y9MW)
Sure does! Why, that new infusion of $75 million (or whatever) into Solyndra, curiously timed to get the company past the 2010 elections, sure worked magic there, too!
And lookie here! We have another election coming up!
The solution is obvious: schedule more elections.
That, and ... wait for it ...
HIGH. SPEED. RAIL.
Posted by: Jay Guevara at January 26, 2012 11:18 AM (CkP6X)
definition of insanity?
Posted by: phoenixgirl at work at January 26, 2012 03:18 PM (mfbqu)
Voting liberal...
Posted by: Doctor Fish at January 26, 2012 11:19 AM (TkGkA)
But not too high speed, 'cause that would just be crazy.
Maybe sort-of-high-speed-rail. Like 45mph or something.
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 11:19 AM (8y9MW)
Posted by: Julie at January 26, 2012 03:00 PM (O/fK
Not to be a dick, but the hamster actually stays in place while the wheel rotates around them.
Posted by: Max Power at January 26, 2012 11:19 AM (q177U)
"The more you pay for it, the more it's worth ..."
"... to you."
Posted by: really ... at January 26, 2012 11:19 AM (X3lox)
“The restructuring is not expected to impact EnerDel’s operations and the company has made clear that they do not expect to reduce employment at the site.”
Sure, at least not until Wednesday, November 7, 2012, when there'll be firing everybody's ass.
Posted by: Jay Guevara at January 26, 2012 11:20 AM (CkP6X)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at January 26, 2012 11:20 AM (XQeEX)
Sure does! Why, that new infusion of $75 million (or whatever) into Solyndra, curiously timed to get the company past the 2010 elections, sure worked magic there, too!
And lookie here! We have another election coming up!<<<
See, it's that kind of cynicism that I truly feel is starting to poison society.
Posted by: Empire of Jeff at January 26, 2012 11:20 AM (/tzTG)
Actually, I liked her statement.
It indicates the hamster wants to get off, but the wheel refuses to stop.
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 11:20 AM (8y9MW)
Posted by: Ener1 at January 26, 2012 03:19 PM (ALwK/)
.
Hey, I was 'ener too.
Posted by: Ener2 at January 26, 2012 11:21 AM (ALwK/)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at January 26, 2012 11:22 AM (XQeEX)
It indicates the hamster wants to get off, but the wheel refuses to stop.
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 03:20 PM (8y9MW)
I think she was talking about the mules and oxen walking around in circles, tied to the wheel, to power those old grain crushers and water pumps.
Posted by: really ... at January 26, 2012 11:23 AM (X3lox)
Because it *can't* work the way they say it does.
Physics is a bitch that way.
Repeal the Second Law of Thermodynamics! Entropy only strives to increase because it grew up in a capitalist society; when we build socialism, New Socialist Entropy will pitch in and do its part to build Heaven on Earth. Re-educated Entropy will see the error of its ways and spontaneously decrease.
Woot!
Posted by: Jay Guevara at January 26, 2012 11:25 AM (CkP6X)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at January 26, 2012 11:25 AM (XQeEX)
Anybody have a full list of these companies?
Posted by: Serious Cat at January 26, 2012 03:02 PM (2YIVk)
A couple of days ago I posted a list of 11companies identified by an alphabet network that were on the verge of going tits ups.
Too lazy to look it up, but I stole it from Lawryn's Linx at Director Blue.
Posted by: Ed Anger - Certified Kos Kid at January 26, 2012 11:25 AM (7+pP9)
Posted by: Julie at January 26, 2012 11:25 AM (O/fK8)
A woman from Los Angeles, who was a tree hugger, a liberal Democrat, and an anti-hunter, purchased a piece of timberland near Colville, WA.
There was a large tree on one of the highest points in the tract. She wanted a good view of the natural splendor of her land so she started to climb the big tree. As she neared the top she encountered a spotted owl that attacked her.
In her haste to escape, the woman slid down the tree to the ground and got many splinters in her crotch. In considerable pain, she hurried to a local ER to see a doctor. She told him she was an environmentalist, a democrat, and an anti-hunter and how she came to get all the splinters.
The doctor listened to her story with great patience and then told her to go wait in the examining room and he would see if he could help her.
She sat and waited three hours before the doctor reappeared.
The angry woman demanded, "What took you so long?"
He smiled and then told her, "Well, I had to get permits from the Environmental Protection Agency, the Forest Service, and the Bureau of Land Management before I could remove old-growth timber from a "recreational area" so close to a waste treatment facility. I'm sorry, but due to Obama-Care they turned you down!"
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 11:25 AM (8y9MW)
Posted by: Buzzsaw at January 26, 2012 11:26 AM (tf9Ne)
Great, Ed. You killed the thread.
Posted by: AllenG (Dedicated Tenther) Team Meteor. Now with Cheesecake at January 26, 2012 03:17 PM (8y9MW)
----------
With which post? Post #54?
Posted by: Ed Anger - Certified Kos Kid at January 26, 2012 11:31 AM (7+pP9)
How hard is it to make a battery, wind turbine, or solar panel that works the way they say it does?
The unreliability of wind and solar energy is a huge problem, so let's put a big-ass fan in front of the wind turbine, and shine a bank of powerful lights on the solar panels.
We liberals aren't dumb, like you conservatives.
Posted by: Jay Guevara at January 26, 2012 11:32 AM (CkP6X)
Just wondering. Even if we got the very best, ideal conservative as president, and a filibuster-proof senate, and an overwhelming majority in the house, how long does anyone think it would take to undo the damage and chaos that the SCOAMT and his regime have created.
I get this strange feeling that our country has been permanently screwed by what has been going on the last three years from the things we know that this regime has done and, worsed of all, the things we don't know.
Posted by: Soona at January 26, 2012 11:34 AM (ZVvIA)
Posted by: Jay Guevara at January 26, 2012 03:32 PM (CkP6X)
Fool! Zombies on treadmills. THAT is the answer...
Posted by: HH at January 26, 2012 11:35 AM (KB0hv)
All right let the engineer check the tech.
LION Batteries for cars and such huh? Cause electric cars are the thing right?
So I take it Ener1 is having a hard time selling batteries to folks having a hard time selling automobiles with those batteries to other folks.
Ok we all know the Volt is a POS so let's look at the Leaf roller-skate instead. It retails for 35K and has a 7K government kickback to make it sort of kind of affordable at 27K for a new subcompact. Compare with the Ford Fiesta that retails for 13K and gets 40mpg. So are you willing to more than double the price of your car so that instead of buying gasoline for it, you can buy electricity for it? Let's put it to the test. Total cost of ownership for five years $39,945 for the Leaf, $28,298 for the Fiesta. So who here is actively seeking a comparable car with 10K additional cost of ownership , all of which must be payed up front in additional sticker price?
Posted by: MikeTheMoose Camellia Sinensis Operative at January 26, 2012 11:37 AM (0q2P7)
Posted by: HH at January 26, 2012 03:35 PM (KB0hv)
Would those be ...
HIGH. SPEED. TREADMILLS?
Posted by: Jay Guevara at January 26, 2012 11:40 AM (CkP6X)
Here's a perfect example - tell your liberal friends to call you the first time they get on a 747 using electric engines to fly somewhere.
Fossil fuels approach 99% efficiency in modern internal-combustion engines. It will be several (many) generations before any kind of green energy will approach this efficiency level. Fossil Fuels are a gift from God people.
Posted by: Not an Artist at January 26, 2012 11:40 AM (fOPv7)
Posted by: HH at January 26, 2012 11:50 AM (KB0hv)
Posted by: JASmius at January 26, 2012 12:30 PM (qF+mo)
Let's not get stupid on this side of the aisle. The only way you get 99% is if you count the spilled and evaporated as the 1%.
Posted by: DaveA at January 26, 2012 12:36 PM (XFxB5)
So basically, the way that I should be playing the stock market right now is:
1. Find a company with a reference to "energy," "solar," and/or "green" in the name.
2. Buy whatever stock option it is that you buy when you want to make money on the companys' demise
3. PROFIT.
4. Laughter. Rinse. Repeat with earnings.
Posted by: reason at January 26, 2012 12:37 PM (V40IZ)
Not to be a dick, but the hamster actually stays in place while the wheel rotates around them.
I beg to differ.
Posted by: a hamster that stopped suddenly after running full-throttle at January 26, 2012 12:41 PM (V40IZ)
Posted by: baseballguy at January 27, 2012 01:56 AM (MKu/d)
Posted by: Every Lifetime movie except Men Don't Tell at January 29, 2012 02:35 PM (GULKT)
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Tell me that the Happy Fun business plan isn't looking better by the second.
Posted by: alexthechick - Happy Fun ahoy! at January 26, 2012 10:58 AM (VtjlW)