Let the market decide
POSTED: Monday, January 30, 2012 - 6:51pm
UPDATED: Tuesday, January 31, 2012 - 10:19am
tyler — Last week, we mentioned green energy running out of gas so to speak.
Many of the green energy companies the president and his acolytes are touting is not going greener, but
going belly up.
Now, the Las Vegas Sun newspaper reports big layoffs at Amonix plant
The Las Vegas Sun has reported that Amonix, a California-based solar power company and partner of Flextronics, has laid-off 200 workers - about two thirds of its workforce.
The across the board lay-offs come just seven months after the company opened its manufacturing plant in North Las Vegas. The plant was opened in partnership with Flextronics and partially financed through a $5.9 US million investment tax credit from the American Reinvestment and Recovery Act in 2010.The Sun reports that the director of manufacturing operations, Eric Culberson, said the cuts are only temporary while the factory retools operations. The company will start hiring again in the second half of the year according to Culberson.
Seven months into it they are restructuring.
Green energy is not ready for prime time, and we are killing the pipeline project.
There is no doubt one day we will be using greener energy, but it has to come from market forces, not the government.
This is what happens when the feds get involved-- disaster.
That's my point of view, what's yours?
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