Wind-Turbine Maker That Obama Praised Files for Bankruptcy

[red states rule]

This is not the first company Pres Obama openly praised that has gone belly up. Bottom line is, if you own a business and you get a call that Pres Obama wants to visit your business - tell them "Hell NO!"




Cardinal Fastener & Specialty Co., a Cleveland-based manufacturer of screws and bolts for wind turbines, filed for Chapter 11 bankruptcy protection Thursday.

Cardinal President John Grabner told the Cleveland Plain Dealer that the bankruptcy filing is necessary because the company is having trouble obtaining "working-capital financing" from its primary lender, Wells Fargo.

Grabner also told the Plain Dealer that the company is profitable and its revenues are growing.

President Obama visited Cardinal, which is in Bedford Heights near Cleveland, in January 2009 before his inauguration.

"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.

http://www.industryweek.com/articles/wind-turbine_maker_that_obama_praised_files_for_bankrup tcy_25001.aspx?cid=NLIWD

[Gaffer]

If the dark lord comes calling pretend your not in.

[red states rule]

and yet Obama and his supporters DEMAND more taxpayer money be used to make the dream of green energy a reality

Much like their Great Society, where trillions have been spent to erase poverty from America

and pretty much have obtained similiar results

[logroller]

and yet Obama and his supporters DEMAND more taxpayer money be used to make the dream of green energy a reality

Much like their Great Society, where trillions have been spent to erase poverty from America

and pretty much have obtained similiar results

Great Society. :laugh: Sounds innocent enough, a bit like snake oil, no?

[red states rule]

Great Society. :laugh: Sounds innocent enough, a bit like snake oil, no?

That is what all the talk about "green" energy is. Here is a blast from the past that libs do not want you too talk about



WEST BEND, Wis – High efficiency traffic lights are being blamed for layer of ice and snow that completely covered stoplights across our area.

According to the West Bend Department of Public Works, ice built up over new high-efficiency LED fixtures installed in traffic lights. The LED traffic lights use substantially less electricity but do not give off enough heat to melt ice or snow.

That is a contrast to traditional traffic light bulbs that typically generated enough heat to melt ice and snow.

In West Bend, ice covered traffic lights were even blamed for an accident after a driver reported he could not see a red light that was obscured by snow. The victim of the accident, Barbara Wolf, said her car was rammed by a driver at the intersection of Washington and Wildwood after the oncoming driver said he didn’t see a red light. “He didn’t see it. And then after we realized the lights were covered with snow,” Wolf said.

Public Works employees spent part of Thursday afternoon scraping the ice and snow off the traffic signals. They improvised a tool made out of a pole and an automotive ice scraper. “It’s making a difficult time for drivers to see the lights,” said Jeff Watzlawick of the West Bend Department of Public Works.

Many cities have the LED traffic signal fixtures and experienced the same problems as West Bend. The Milwaukee Department of Public Works sent a memo to all employees asking them to be alert for iced-over traffic signals so that crews could be dispatched to clear them off.

http://www.todaystmj4.com/news/local/79008352.html