Barack Obama and the Green Revolution Losers…

Marxism is predicated upon a concept known as Central Committee Command and Control Economics. This is exactly what Obama has been practicing, with the exact same level of success that the Marxist Economic Theory always produces.

Their is no nation on earth that has ever been able to get the Marxist Theory of Economics to work, and for damned good reason, it violates the basic realities of human nature. Marxism is economically speaking like the equation worked out by the brilliant Economist John Nash. In order for everybody to win, nobody can go against the the greatest possible outcome of the entire group.

What that means is sacrificing the best possible outcome for the individual for the best possible outcome for the group and that is a direct violation of the most basic primal directive of life itself. Self sacrifice is not an instinctual survival mechanism, it is a learned behavior that can only occur under certain very specific conditions. Unless those conditions are met, self preservation kicks in automatically as it is the highest order primal instinct in all living creatures.

Where the theory of self sacrifice for the greater good of the group utterly fails, and why ultimately Marxist Economic Theory fails is that the learned behavior of self sacrifice does not translate to non life threatening situations. In other words, you simply cannot get anyone to sacrifice their own life or financial prosperity when their is no real threat. Nobody will take a cut in pay when their is no justifiable reason for that cut in pay.

Marxism requires everyone to blindly accept two basic premisses, 1) that their is always some non-tangible Existential threat to society that constant self sacrifices must be made to prevent and 2) that no individual member of society will ever cheat and place their own personal interests ahead of that of the collective.

Just as every other attempt to engage in Marxist economic theory has met with utter and complete failure, so Barack Obama’s attempts to demonstrate the veracity of the Marxist Economic Theory have utterly failed. This Green Energy Revolution that Obama has been pushing is nothing less than “Professor” Obama attempting to elucidate to his recalcitrant students the inescapable nature of his academically approved but real world obliterated thesis.

Electric car battery maker A123 Systems, of Obama-stimulus fame, files for bankruptcy

Besides the government’s brazen disregard for free-market signals and taxpayer money, boss Emeritus Michelle Malkin has reported on the company’s sketchy crony-ish ties to Democrats — not that any of this will even faze the Obama administration’s “we do what we want”-attitude.

Like every Marxist before him, instead of accepting the indisputable evidence compiled by his experiments, Obama continues to double down on the viability of his Marxist Economic Theoretical model. The list grows daily of failed companies and the financial liabilities accrued by those companies.

List Of Failed Green Energy Jobs & Companies – By Obama

Update: 7/19/12: The Amonix Solar: FAIL! – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

Solar Trust of America: FAIL! – Filed Bankruptcy in Oakland, CA, April 3, 2012

Bright Source: FAIL! – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Bright Source lost billions of dollars but is getting more money to keep trying. Can you say, “This isn’t working Mr. President?”

Solyndra: FAIL! – Obama gave $500,000,000 (that’s a HALF BILLION!) in taxpayer money to Solyndra who shut its doors and laid off 1100 workers in August 2011 after billions in losses due to failure to make a solar product that works! Barack Obama was not vetted before being elected President and neither was Solyndra before Mr. Obama threw that taxpayer money down the drain of unproven technology.

LSP Energy: FAIL! – LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012

Energy Conversion Devices: FAIL! – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy

Abound Solar: FAIL! – Abound Solar received a $400 million loan guarantee from Barack Obama then announced in June, 2012 that it would file for bankruptcy. Many of these failed corporations, such as Abound, donated MILLIONS and continue to donate to Barack Obama’s campaign. Can you say, “Democrat Slush Fund”? Yes this is illegal. But Democrats are being protected from being prosecuted, for now.

SunPower: FAIL! – SunPower stopped producing solar cells in 2011 at near bankruptcy then restructured with the help of, get this, oil giant TOTAL, Inc. who owns 60% stake in SunPower. Irony? The company is still struggling.

Beacon Power: FAIL! – Beacon Power Corp filed for bankruptcy protection in October, 2011 just a year after Obama approved a $43 million Government loan guarantee. They remain barely in business, still struggling to make energy that makes sense or that works at all.

Ecotality: FAIL! – ECOtality, a San Francisco green-tech company that never earned any money and remains on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from President Obama, who wants to do some more of this kind of Democrat Slush Fund Guarantees after he is elected to a 2nd term.

A123 Solar: FAIL! – A123 Solar received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees even after the Solyndra bankruptcy and is getting another $500M from Obama after a loss of $400M.

UniSolar: FAIL! – Uni-Solar filed for Ch 11 bankruptcy in June 20, 2012 after laying off hundreds of workers. UniSolar received even more Obama money after showing now progress, no profits and is still failing… yet they still remain in business with Obama’s help.

Azure Dynamics: FAIL! – Azure Dynamics filed for bankruptcy in June , 2012 wasting millions in Obama “Stimulus” money and received abatement on taxes owed and and several tax credits. Azure Dynamics LLC filed for bankruptcy protection in Canada and the US. Azure laid off 120 of its 160 employees in Oak Park; Boston; Vancouver, British Columbia; and the UK.

Evergreen Solar: FAIL! – Evergreen Solar received $527 Million in Taxpayer money from Obama and filed bankruptcy in late 2011. Evergreen, which closed its taxpayer-supported Devens factory in March, 2011 cut more than 1800 jobs. Evergreen’s $450 million factory, turned out to be a colossal “waste” of taxpayer money.

Ener1: FAIL! Ener1 Inc. received a $118 million U.S. Energy Department grant from President Obama to make electric-car batteries but filed for bankruptcy protection January 2012 after defaulting on bond debt.

This is not just as some on the right have suggested a failure of Green Energy to be a viable industry, it is a clear and unmistakable refutation of the Obama Marxist Economic Theoretical Model. Put simply, Marxist Economic Theory has, never and cannot work, no matter who implements it, it is utterly doomed to failure.


4 thoughts on “Barack Obama and the Green Revolution Losers…

  1. The IRS filed to object to a specific part of the Solyndra bankruptcy. Apparently the bankruptcy law allows the Solyndra primaries to carry forward the company’s losses against future earnings, even though it wasn’t their money that they lost in the first place. So, what we see here is how this actually works. The administration guarantees the loan. The company goes bankrupt. In filing for bankruptcy the C’s, as principles, take a huge loss against future earnings. In this case, that’s $300 million of losses. These guys won’t pay taxes again for the rest of their lives. Now I get it.

    I always thought that the $1 – $2 million in salary and bonus wasn’t enough to justify the headache of all of this. It’s not. But $300 million in tax deductible losses going forward? That’s a whole new ballgame.

  2. Pingback: Save us Chuck Woolery - Saving American One Trillion Dollars at a Time.

  3. Going to save this link. Wish I had it a sometime ago when an Obama supporter was demanding that we provide “facts” on companies other than Solyndra to go belly up. I couldn’t remember the names of these other companies back then and, of course, the O fan declared us all liars and racists for saying Obama’s green subsidies were an epic failure. Next time, next time.

  4. We already know Marxism doesn’t work…. so why are you stating the obvious? Obama doesn’t agree…but some people are just brain dead. Time to destroy the dem party and all dead beats need to grow up and start to earn their way in this world.

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