Q&A: Since Obama tells us wind power is the future how come this wind turbine company is going bankrupt?
Question by Union Buster: Since Obama tells us wind power is the future how come this wind turbine company is going bankrupt?
“Cardinal Fastener & Specialty Co., a Cleveland-based manufacturer of screws and bolts for wind turbines, filed for Chapter 11 bankruptcy protection Thursday.”
“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.”
Answer by Proud American Conservative
Because alternative energy is still too expensive. The market will determine when it is profitable to turn to these alternative forms of energy. Not the government. This will cause the market to go bad if the government tries anything. They forced it and now it cannot stand up because the market is not ready for it yet.
What do you think? Answer below!