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The Campaign Spot

Election-driven news and views . . . by Jim Geraghty.

Obama’s Favorite Companies Hitting Hard Times, Again and Again



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The RNC notices that another one of Obama’s favorite companies, solar-panel manufacturer Amonix, is hitting hard times. The company only officially “opened” its plant in North Las Vegas in May of 2011. The company got a $6 million tax credit to build the facility in 2009, and Obama touted the company in 2010. This week, 200 of the plant’s 300 employees got pink slips.

Oh, and in other news:

An Indiana-based energy-storage company that received a $118.5 million stimulus grant from the Energy Department filed for bankruptcy Thursday…

President Obama touted the program in his State of the Union address this year.

“In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries,” he said.

At the time, EnerDel said the grant would help the company double its production capacity and create 1,700 jobs. But the company has faced major financial problems in recent months.

This is all separate from Solyndra. And SunPower. And BrightSource. And Tonopah Solar Energy.

What’s the record for most presidential-touted companies going bankrupt in one term?

Lesson: Don’t let President Obama notice you!


Tags: Barack Obama , RNC , Solyndra


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