Zev Porat

Wednesday, October 2, 2013

The Obama Endorsement Curse! Is Barack Obama Personally Responsible for the Crash of Blackberry?


When Barack Obama insisted on keeping his beloved BlackBerry when he got to the Oval Office, it was heralded as a moment of change, another defining difference between the tech-savvy new president and the Luddites he was replacing.

"I'm clinging to my BlackBerry," he said before his 2009 inauguration and the president-to-be got his way with the Secret Service. A special BlackBerry cleared security hurdles.

Now, in 2013, the company known as the father of the modern smart phone is circling the drain and will likely be split up and sold off due to dismal performance numbers. Is Blackberry the victim of the Obama endorsement curse?

Below is a list of energy companies backed by President Barack Obama and funded by the American people that have failed. (via sodahead.com)

Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
Bright Source: FAIL Bright Source warned Obama's Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energycompany to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, "This isnt working?"
Solyndra: FAIL Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
LSP Energy: FAIL LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy

Abound Solar: FAIL - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still 
Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
Ecotality: FAIL - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama's Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
UniSolar: FAIL Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business
Azure Dynamics: FAIL Azure Dynamics files for bankruptcy in June ter millions in Obama "Stimulus"
Evergreen Solar: FAIL - Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy 
Ener1: FAIL received more than $100 million in government funding from the Obama administration filed for bankruptcy January 2012
Update: In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he's doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence it works, but they just keep doubling down on the failed ideals!




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