"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt

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Wednesday, December 12, 2012

Green Industry Implodes

So how are those Green stimulus dollars working?

Not very well, actually.

From The Business Insider (who also provided the chart above):
A stock index that exclusively lists renewable energy companies in down 98 percent since fall of 2008, reports The Washington Times).

The RENIXX tracks the world´s 30 largest companies in the renewable energy industry. They are given a weighting in the index is based on the market capitalization.
Companies in the index include First Solar, Suntech and Trina Solar.

The index closed last week at 159.36 points.

Compare that with its all-time high of 1918.71 in December of 2007.
Ouch. But then buoying up badly run businesses with bad products  to offer is not really the way to go.

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