Stimulus-Backed Solar Facility Touted By Harry Reid Shuts Down

| July 19 2012
Christopher Cook

Another one bites the dust:

The Review-Journal was unable to confirm with Amonix that it had ceased operations at the facility. Scribe’s attempt to confirm the report likewise went unanswered.

If solar panel production at the facility has permanently ceased, it could prove awkward for Reid, who touted the “permanent green jobs” that Amonix’s Nevada business supposedly represented. The company laid off 200 employees in January.

In May of 2010, Reid attended a groundbreaking ceremony for the facility. “Amonix is taking full advantage of a tax credit from the Recovery Act and is helping Nevada lead the way in producing clean energy,” Reid said at the time. “I’ve pushed hard to establish a clean energy industry in Nevada that will diversify our economy and protect us from future economic downturns.”

Amonix would be the second Nevada-based – and Reid-backed – green energy project to hit dire financial straits in recent weeks. Nevada Geothermal, which received a $98 million stimulus loan guarantee, announced in a recent SEC filing that “material uncertainties exist which cast significant doubt upon the company’s ability to continue as a going concern.”

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Here’s a tip: How about government not spending other people’s money to pick winners and losers?

In fact, here’s a novel notion: How about government not spending anyone’s money unless they’re spending it in ways that benefit everyone, in non-excludable ways? Don’t take my money and give it some company somewhere. Don’t take Person A’s money and give it to Person B. Treat us equally! Take an equal percentage from all of us, and spend it in ways that serve the general good, not a special or specific interest.

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  1. […] an earlier post, we noted the failure of yet another green energy boondoggle, the Harry Reid-backed Amonix, a solar […]

  2. […] an earlier post, we noted the failure of yet another green energy boondoggle, the Harry Reid-backed Amonix, a solar […]