The Only Thing Renewable About Solar Energy is Failure

by: the Common Constitutionalist

We all remember Solyndra, the solar panel manufacturer that in May 2010 Obama heralded as “leading the way toward a brighter and more prosperous future.” It was the poster child of his new “Green Energy” movement in America. As part of his slush fund dressed up as a stimulus package, he granted Solyndra over $500 million in loan guarantees, which they gobbled up and in return handed the taxpayer a crap sandwich.

A little over a year later, on August 31, 2011, Solyndra filed for bankruptcy, costing us taxpayers a mere $535 million. The problem though is much worse and much more widespread than just the well-publicized Solyndra debacle.

Only 3-1/2 years into Obama’s presidency, some 34 solar companies had already gone broke, laid off their workforces or were on the verge of bankruptcy. All took government – I mean our money and in all cases we lost virtually every dollar. Companies went belly up owing from hundreds of thousands of dollars to hundreds of millions. Do not take investment advice from Obama!

By the end of December 2014, between the U.S. and Europe, the number totaled 112. But despite all the federal, state and local subsidies tax credits and mandates, domestic manufacturers still could not make it. So that same year the “Solar Lobby,” as if they need one, got Obama to slap hefty tariffs on Chinese solar equipment manufacturers of anywhere between 26 and 42%. This obviously made the more expensive American equipment instantly more attractive. read more

Mich. Judge Rules Detroit Bankruptcy Unconstitutional

Claims It Fails to ‘Honor’ President Obama

A Michigan judge ruled Friday that Republican Gov. Rick Snyder’s Detroit bankruptcy filing is a violation of the state’s constitution and that it fails to “honor” President Barack Obama who “took (Detroit’s auto companies) out of bankruptcy.”

County Circuit Judge Rosemary Aquilina said she hopes Gov. Snyder “reads certain sections of the (Michigan) constitution and reconsiders his actions.”

(Related: Melissa Harris-Perry’s ‘Delusional’ Analysis of Bankrupt Detroit May Stun You)

“I have some very serious concerns because there was this rush to bankruptcy court that didn’t have to occur and shouldn’t have occurred,” Aquilina said.

“Plaintiffs shouldn’t have been blindsided,” and “this process shouldn’t have been ignored.”

County Circuit Judge Rosemary Aquilina Rules Against Bankruptcy Filing, Claims it Fails to Honor President Obama

Kevyn Orr, Detroit’s state-appointed emergency manager, filed for Chapter 9 protection on Thursday after two municipal pension funds moved to sue him in an attempt to protect retiree benefits.

Currently, both pension funds have claims to roughly “$9.2 billion in unfunded pension and retiree health care liabilities,” the Free Press reports.

The city’s debt and liabilities, Orr notes, could be as much as $20 billion.

State law protects pension benefits from being “diminished,” but filing in federal bankruptcy court takes away those protections.

After both funds moved to sue the emergency manager so at to protect retiree benefits, Orr had no choice but to file for Chapter 9.

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