OBAMA'S GREEN PET GOES BANKRUPT...

Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The cash-strapped company announced today has sought a reorganization in U.S. Bankruptcy Court in Delaware and reached a deal with certain note holders to restructure its debt and auction off assets.

From the Obama White House website April 22, 2009 

Evergreen Solar Was Hoping to Hire 90 to 100 People for Its Manufacturing Plant. "Evergreen Solar, the Marlborough-based maker of solar panels, also is hoping to hire 90 to 100 people at a manufacturing plant in Devens, said Gary Pollard, vice president of human resources. The plant, which opened last summer, is expected to employ more than 800 when it reaches full capacity."

By January of this year this taxpayer supported example of "green energy and green jobs creation" fired 800 employees and moved its manufacturing to China.

Aided by at least $43 million in assistance from the government of Massachusetts and an innovative solar energy technology, Evergreen Solar emerged in the last three years as the third-largest maker of solar panels in the United States.

Michael El-Hillow, chief executive of Evergreen, said falling prices for panels led to the closing.

But now the company is closing its main American factory, laying off the 800 workers by the end of March and shifting production to a joint venture with a Chinese company in central China. Evergreen cited the much higher government support available in China.

For some reason government officials believe that they have the ability to identify the "next big thing" and bring it to fruition. And they always fail. But they keep trying because, like true believers in communism, they think that the right people have not been in charge.

The real crime here is that the government of Spain already tried this and failed ... big time.