$200 million green-tech subsidy results in -100 jobs

Discussion in 'Energy' started by Matthew, Oct 4, 2011.

  1. Matthew
    Offline

    Matthew Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    49,694
    Thanks Received:
    4,596
    Trophy Points:
    1,885
    Location:
    Portland Oregon
    Ratings:
    +15,167
    $200 million green-tech subsidy results in -100 jobs
    Hot Air ^ | 10/4/11 | Ed Morrissey
    $200 million green-tech subsidy results in -100 jobs « Hot Air
    What happens when job-stimulus funds get spent on a company that reduces its workforce? It looks like Barack Obama and Energy Secretary Stephen Chu made another “bad bet” in 2009, sinking $200 million into the non-profit National Renewable Energy Laboratory in Golden, Colorado. NREL isn’t going under, but it’s cutting back staff after getting a big taxpayer subsidy from Porkulus:

    President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan.

    According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.

    Are you getting the impression that a visit from Obama or Chu might be the kiss of death for green-tech companies? Obama shows up to promote Solyndra and the company sinks into bankruptcy, taking over a half-billion taxpayer dollars with it. Chu personally delivers the jobs-stimulus check to NREL, which then starts trimming jobs.


    ....
    I've come to the conclusion that most of green energy when we try to go large scale just isn't going to be economic within our market place. I'm not saying that at a microscale that solar and wind don't have a place at the table, but never as the main energy source. The only reason that China has done what it does is that the "commie" one system party pretty much made it law to force the energy corpartions to buy the energy from the "green energy" producers. No matter the cost, either. Must be nice having the power to screw over your people.
     
    Last edited: Oct 4, 2011
  2. zonly1
    Offline

    zonly1 Probie still throwin'em

    Joined:
    Jun 6, 2010
    Messages:
    1,255
    Thanks Received:
    149
    Trophy Points:
    48
    Location:
    on the map
    Ratings:
    +150
    Gov't can't create demand base on those numbers.
    Definitely not a low cost producer.
     
  3. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    In start up high tech companies, that probably isn't so bad.

    To really know if this is untoward, we'd need a forensic accountant to break down the spending.
     
  4. TruthSeeker56
    Offline

    TruthSeeker56 Silver Member

    Joined:
    Jul 19, 2011
    Messages:
    2,899
    Thanks Received:
    482
    Trophy Points:
    98
    Location:
    New Hampshire
    Ratings:
    +496
    So what is the federal government doing in the quasi-IPO business? This is no different than Obama playing the stock market with taxpayer money. This is also no different than the dot com craze of the late-90s and early 2000s.............thousands of dot com startup companies who had a bunch of ideas for a product, but no actual product to produce and sell.
     
  5. likeabird03
    Offline

    likeabird03 Active Member

    Joined:
    Oct 10, 2011
    Messages:
    413
    Thanks Received:
    60
    Trophy Points:
    28
    Location:
    Sacramento
    Ratings:
    +60
    No no this is a lie, green means jobs. The only way we can create jobs and get America back to work is to spend more on green energy!

    Trust me - I'm from the government.
     

Share This Page