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EPIC FAIL, COLOSSAL FAIL & just plain FAIL in the 2012 Election!
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<blockquote data-quote="Babagounj" data-source="post: 1053650" data-attributes="member: 12952"><p>[h=1]The Hope-a-Nomics Disaster: One Company's Horror Story[/h] Here's the tale of just one Colorado company victimized by the Obama Department of Energy (DOE).</p><p></p><p>Colorado Distribution Group is a privately held storage and shipping company based in Denver. Thanks to hope-a-nomics, its warehouse is saddled with nearly 7,000 pallets of federally subsidized solar panels (one-third of which are completely spoiled and unsalable), along with related detritus such as broken glass and stray module parts.</p><p></p><p>While $22,000/month in storage costs go unpaid, the panels consume up to a third of the company's warehouse space. Legal costs have forced CDG to slash payroll and lay off at least three employees. A source with knowledge of CDG's woes told me this week the company is facing pressure by the Department of Energy to drop its petition to recoup those costs. The feds want CDG to swallow a $1.4 million tab to dispose of the bum solar panels.</p><p></p><p>In July, according to Dow Jones, CDG asked a Delaware bankruptcy court "for permission either to sell or collect rent on the property Abound Solar Inc. has at its facility, saying the situation is threatening its ability to stay in business." Like many private enterprises in the Age of Obama's Brass-Knuckled Politics of Revenge, fear of retribution holds back many from coming forward publicly about such attempted shakedowns.</p><p></p><p></p><p>Recently released internal documents show that customers demanded replacements for the panels after experiencing "low performance," "under performance" and "catastrophic failures." Credit and technical advisers at DOE complained about having "major issues" with the Abound Solar deal and expressed concern over the "transaction pressure under which we are all now operating." The documents fly in the face of Obama's denial — just days before Election Day — that his White House played any role in this fiscal disaster.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1053650, member: 12952"] [h=1]The Hope-a-Nomics Disaster: One Company's Horror Story[/h] Here's the tale of just one Colorado company victimized by the Obama Department of Energy (DOE). Colorado Distribution Group is a privately held storage and shipping company based in Denver. Thanks to hope-a-nomics, its warehouse is saddled with nearly 7,000 pallets of federally subsidized solar panels (one-third of which are completely spoiled and unsalable), along with related detritus such as broken glass and stray module parts. While $22,000/month in storage costs go unpaid, the panels consume up to a third of the company's warehouse space. Legal costs have forced CDG to slash payroll and lay off at least three employees. A source with knowledge of CDG's woes told me this week the company is facing pressure by the Department of Energy to drop its petition to recoup those costs. The feds want CDG to swallow a $1.4 million tab to dispose of the bum solar panels. In July, according to Dow Jones, CDG asked a Delaware bankruptcy court "for permission either to sell or collect rent on the property Abound Solar Inc. has at its facility, saying the situation is threatening its ability to stay in business." Like many private enterprises in the Age of Obama's Brass-Knuckled Politics of Revenge, fear of retribution holds back many from coming forward publicly about such attempted shakedowns. Recently released internal documents show that customers demanded replacements for the panels after experiencing "low performance," "under performance" and "catastrophic failures." Credit and technical advisers at DOE complained about having "major issues" with the Abound Solar deal and expressed concern over the "transaction pressure under which we are all now operating." The documents fly in the face of Obama's denial — just days before Election Day — that his White House played any role in this fiscal disaster. [/QUOTE]
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EPIC FAIL, COLOSSAL FAIL & just plain FAIL in the 2012 Election!
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