One foot on a banana peel, the other in the grave. That’s where Fisker Automotive and SoloPower find themselves, struggling for survival despite generous government handouts in the form of loan guarantees and tax breaks. Should either company take a turn for the worse, a tombstone in Heritage’s “Green Graveyard” …
It is no secret that President Obama’s and green energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order …
President Obama and his surrogates have repeatedly insisted that federal backing for green energy companies like Solyndra is somehow superior to private equity investing, since federal bureaucrats are concerned with more than enriching investors. But “investors” in an Obama presidency – i.e. his top supporters – have reaped the benefits …
