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Wind-Turbine Maker That Obama Praised Files for Bankruptcy
Industry Week ^ | 7/1/11 | Josh Cable

Posted on 08/05/2011 2:44:34 PM PDT by Winged Hussar

"Renewable energy isn't something pie in the sky," Obama said during a speech at Cardinal. "It's not part of a far-off future. It's happening all across America right now.

" ... It can create millions of new jobs and entire new industries if we act right now."

Jeff Grabner, vice president and head of the company's wind business, told the Plain Dealer earlier in the week that Cardinal had been losing business to European suppliers who had underbid Cardinal, forcing the company to trim its workforce by 15 employees a year ago.

(Excerpt) Read more at industryweek.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bankrupt; boondoggle; capandtrade; cardinal; debt; failure; fraud; green; greenenergy; greenjobs; greenpower; hotair; jeffgrabner; obama; obamanomics; renewableenergy; socialism; waste; wind; windmills; windturbine
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To: Winged Hussar

He’s still got the touch....


21 posted on 08/05/2011 3:25:29 PM PDT by Mashood
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To: Winged Hussar

Many European nations have eliminated wind subsidies. End of story.


22 posted on 08/05/2011 3:26:29 PM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: Winged Hussar
Kind of like the “brilliance” he was credited with by selling oil out of the SPR. Prices went down; for a day.
23 posted on 08/05/2011 3:27:44 PM PDT by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: Nachum
There needs to be a documented accounting of all these so-called Green companies and those that were bailed out w/ taxpayer dollars that have filed for bankruptcy.

Recently there as a window company but I know I've read of others too.

24 posted on 08/05/2011 3:41:12 PM PDT by TexasCajun
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To: FlingWingFlyer

” ... It can create millions of new jobs and entire new industries if we act right now.”

But all those new jobs are going off shore.


25 posted on 08/05/2011 4:11:25 PM PDT by chainsaw (I'd hate to be a democrat running against Sarah Palin.)
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To: Publius6961

Isn’t this the fourth or fifth “alternative” heavily subsidized business that he personally visited that has failed in the last year?

If that is the case, hope he doesn’t visit the company here you work.


26 posted on 08/05/2011 4:17:37 PM PDT by chainsaw (I'd hate to be a democrat running against Sarah Palin.)
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To: Winged Hussar

“Green” energy uses up more conventional energy resources than it creates in usable “green” energy.

It’s just a fact.

May every person who owns a business ‘touched’ by Obama and his Administration go belly-up and may every employee of those businesses come to detest the very sound of Obama’s name as I detest the sound of his voice.

And I completely detest the sound of his voice ... to the point of vomiting every time I hear the first syllable out of his lying mouth.


27 posted on 08/05/2011 4:23:45 PM PDT by HighlyOpinionated (I am a Catholic, A US Citizen, A Patriot, A TEA Partier, An Oath Keeper, A Voter, An Auburn Fan!)
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To: red-dawg

I hope none of the wind generators in Texas does that. It is drier here than I can recall since the mid 50s.


28 posted on 08/05/2011 4:39:07 PM PDT by Arrowhead1952 (Dear God, please let it rain in Texas. Amen.)
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To: Winged Hussar

Is there any factory that Obama has visited and praised that hasn’t gone tits up?


29 posted on 08/05/2011 4:47:11 PM PDT by hattend (As always... FUJM.)
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To: Winged Hussar

If memory serves, this was a Spanish company that made masts and turbine blades. The turbines themselves were made elsewhere. The low tech blades where made here and the “high” tech turbines, where the real profits are, were not.


30 posted on 08/05/2011 5:30:57 PM PDT by depressed in 06 (I'll follow an eloquent Allen West out of hell.)
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