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February 18, 2013
The Obama Bankruptcy Curse Strikes Again!
If an establishment is endowed with enough history to be able to hang a plaque on the wall that says "George Washington Slept Here," that business usually grows. With Barack Obama, it's the exact opposite. That's why when Obama visits or supports a business, the plaque should read "Because of Barack Obama the business you didn't build will soon be out of business." If Obama backs a solar energy company it is almost certain that a shutdown is in the offing. To date, approximately 34 Obama-backed green energy companies have gone bankrupt, the most well-known being Solyndra. With the help of a highly Obama-touted half-billion dollar federal loan guarantee, Solyndra expanded their solar panel operations and created 158 jobs. Then, 15 months later the company filed Chapter 11 and laid off 1,100 employees. The Obama curse is not limited to green energy companies. In 2009 the President visited Cardinal Fasteners in Bedford Heights, Ohio, and by 2011 the...(Read Full Post)