Okay, so we gave them 58 million in gov't subsidies, and they're 485 million in hock. But the Mass governor thinks it was a good call, and they hope to get 4 million back. Liberal governance at it's best.
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"The Obama touch continues: Solar Panel company Obama pimped filing bankruptcy."
1. "Obamas pet green jobs scheme continues to cost millions and the job loss continues. This is what happens when the government sticks its nose into the free market. Evergreen Solar took Obamas stimulus money, only to send jobs overseas to China and now is filing for bankruptcy.
2. Wonder how the White House will spin this?
3. From The Boston Herald:
Evergreen Solar Inc., the Massachusetts clean-energy company that received millions in state subsidies from the Patrick administration for an ill-fated Bay State factory, has filed for bankruptcy, listing $485.6 million in debt.
They also receive Obama stimulus money. All the taxpayers got was the bill.
4. Evergreen and the White House claimed it would hire 90 to 100 people with the stimulus money. Instead we ended up with a -900 job creation deficit. Sound familiar?
The Obama touch continues: Solar Panel company Obama pimped filing bankruptcy | Scotty Starnes's Blog
So, what have we learned.
a. Obama knows nothing re:business
b. 'Green Energy' as a support for the economy is a fraud.
c. In the bigger context, 'crony capitalism,' in which government picks - or attempts to pick- winners and losers, is a failed endeavor.
Pretty much the political epitaph of Barack Obama.
d. Another repudiation of Obama, Green Economy, and socialism.
Still waitin' for that apology, Lefties.
Just like the high speed rail BS, throwing billions of good money after bad. And Obama wouldn't allow it on the table for discussion for the debt ceiling negotiations. If it's not economically viable, it's a waste of money that we got to spare.
What an excellent example of the 'government knows best' attitude: high speed rail!
The billion dollar boondoggle!
I'll send you the rep in a moment!
Some dreams are better left unrealized, anyhow. Heritages Ronald Utt details some serious problems with high-speed rail, including high cost, the need for perpetual government subsidies, and wasted money from lack of ridership. Add that to false claims that the projects create jobs and empty promises that the trains will help the environment by getting cars off the road, and America has plenty of reasons not to get on board.
California provides a perfect example. Greg Pollowitz at National Review Online writes that the day after the federal government granted the Golden State $300 million for high-speed rail, the independent agency overseeing the states high-speed infrastructure spending shot down the project, calling for it to be put on hold due to questions over funding and project management. The rail plan has been estimated to cost $43 billionand to date, the state has only $6.3 billion in place ($3.5 billion of that is federal dollars). The Orange County Register reports that those costs are going even higher, and an independent estimate pegs it at $81.4 billion.Obama’s High-Speed Spending on Slow-Speed Rail
Hey yuou are talking CA here.
CA has always been like a bowl of Granola, what is not fruit and flakes is nuts.
Want a fast way to blow some taxpayer dollars? Buy a ticket on President Barack Obamas high-speed spending trains.
High-speed rail is one of the presidents pie-in-the-sky green energy dreams, which would do little to relieve Americans who are suffering the effects of high gasoline prices.
Obamas High-Speed Spending on Slow-Speed Rail
California's 'commission' on high speed rail just published their rework of the costs, and yes its ugly.
its a sink hole, but they will probably go on with it anyway.
so 10 years there after it begins operating, where in it becomes the Amtrak of California, consuming cash flow from the cali treasury to remain in operation, the very same people will scream for higher taxes to offset that big suck and will throw up their hands and scream how did it come to this and those that don't ant to pay are cheap bastards ?
Subsidized at thousands of dollars per ticket...unable to respond to changing patterns of habitation....iconic of Liberal policy....
Amen.
Want a fast way to blow some taxpayer dollars? Buy a ticket on President Barack Obamas high-speed spending trains.
High-speed rail is one of the presidents pie-in-the-sky green energy dreams, which would do little to relieve Americans who are suffering the effects of high gasoline prices.
Obamas High-Speed Spending on Slow-Speed Rail
California's 'commission' on high speed rail just published their rework of the costs, and yes its ugly.
its a sink hole, but they will probably go on with it anyway.
so 10 years there after it begins operating, where in it becomes the Amtrak of California, consuming cash flow from the cali treasury to remain in operation, the very same people will scream for higher taxes to offset that big suck and will throw up their hands and scream how did it come to this and those that don't ant to pay are cheap bastards ?
we got the cost of the sink hole rolled into the project price
BOSTON -- State transportation officials say a massive 4-foot-deep hole has opened up about 9 feet below the road surface in a Big Dig tunnel in Boston, but poses no danger to drivers.
The roughly 190-foot-long sinkhole that has filled with water was caused by settling of the clay around the tunnel.
Read more: Sinkhole Opens Beneath Big Dig Tunnel - Boston News Story - WCVB Boston
as long as they say it poses no danger.....
On August 15, 2011, the company filed for Chapter 11 reorganization. Under the reorganization, the company plans to sell its assets, including its technology String Ribbon.
many, many compnaies have done this and are still operating.
That should read, "Deval Solar Panel Co. Bankrupt"
honesty isn't way up there on PC's priority list.
Some dreams are better left unrealized, anyhow. Heritages Ronald Utt details some serious problems with high-speed rail, including high cost, the need for perpetual government subsidies, and wasted money from lack of ridership. Add that to false claims that the projects create jobs and empty promises that the trains will help the environment by getting cars off the road, and America has plenty of reasons not to get on board.
California provides a perfect example. Greg Pollowitz at National Review Online writes that the day after the federal government granted the Golden State $300 million for high-speed rail, the independent agency overseeing the states high-speed infrastructure spending shot down the project, calling for it to be put on hold due to questions over funding and project management. The rail plan has been estimated to cost $43 billionand to date, the state has only $6.3 billion in place ($3.5 billion of that is federal dollars). The Orange County Register reports that those costs are going even higher, and an independent estimate pegs it at $81.4 billion.Obamas High-Speed Spending on Slow-Speed Rail
There's your biggest problem, PC. If right-wing publications are ALL you ever read, of course you're going to agree with everything they say.
Here's a heads up for ya: New technology, new infrastruction COSTS MONEY. d'OH... And so does gasoline for the tens of millions of vehicles travelling on our broken highway system.
California's 'commission' on high speed rail just published their rework of the costs, and yes its ugly.
its a sink hole, but they will probably go on with it anyway.
so 10 years there after it begins operating, where in it becomes the Amtrak of California, consuming cash flow from the cali treasury to remain in operation, the very same people will scream for higher taxes to offset that big suck and will throw up their hands and scream how did it come to this and those that don't ant to pay are cheap bastards ?
Subsidized at thousands of dollars per ticket...unable to respond to changing patterns of habitation....iconic of Liberal policy....
Amen.
But it's okay to subsidize billions for Big Oil, the biggest profiteers on the globe. Got it and amen.
On August 15, 2011, the company filed for Chapter 11 reorganization. Under the reorganization, the company plans to sell its assets, including its technology String Ribbon.
many, many compnaies have done this and are still operating.
Hey dolt...not many that have received $100's millions in totally free money from the government and was highlighted by both the Vice President and the President of the United States as an "example" of successful green companies.
That should read, "Deval Solar Panel Co. Bankrupt"
honesty isn't way up there on PC's priority list.
Not sure what your problem is, Smel, but it is clear to anyone who can read
that Evergreen Solar was a recipient of stimulus funds...
"When Evergreen Solar announced it was filing bankruptcy this week, the news sparked a flurry of stories pointing out how the green solar panel company had received money from the federal stimulus.
The Massachusetts-based company was held up as another example of wasted taxpayers dollars under the American Recovery and Reinvestment Act (ARRA).
But Evergreen Solar may be a better example of just how complicated and difficult it can be to track the massive $821 billion federal stimulus.
Because despite the White House and Massachusetts Gov. Deval Patrick both citing Evergreen Solar as receiving stimulus money, the governments website that tracks ARRA spending could find no evidence the solar panel company did indeed get that money."
Bankrupt Solar Company Stimulus Money Missing From Federal Records [Michigan Capitol Confidential]
So....you have a problem with the White House, Smel?
"The White House sent out an April 22, 2009, communication claiming the Recovery Act had success in creating jobs. The White House stated that because of the stimulus bill and new contracts, green energy companies were looking to hire. The White House then cited Evergreen Solar hoping to hire as many as 100 people.
The state of Massachusetts put out a press release citing Evergreen Solars involvement with a project funded by the stimulus."Ibid.
BTW....no typo in here, either.
Some dreams are better left unrealized, anyhow. Heritages Ronald Utt details some serious problems with high-speed rail, including high cost, the need for perpetual government subsidies, and wasted money from lack of ridership. Add that to false claims that the projects create jobs and empty promises that the trains will help the environment by getting cars off the road, and America has plenty of reasons not to get on board.
California provides a perfect example. Greg Pollowitz at National Review Online writes that the day after the federal government granted the Golden State $300 million for high-speed rail, the independent agency overseeing the states high-speed infrastructure spending shot down the project, calling for it to be put on hold due to questions over funding and project management. The rail plan has been estimated to cost $43 billionand to date, the state has only $6.3 billion in place ($3.5 billion of that is federal dollars). The Orange County Register reports that those costs are going even higher, and an independent estimate pegs it at $81.4 billion.Obamas High-Speed Spending on Slow-Speed Rail
There's your biggest problem, PC. If right-wing publications are ALL you ever read, of course you're going to agree with everything they say.
Here's a heads up for ya: New technology, new infrastruction COSTS MONEY. d'OH... And so does gasoline for the tens of millions of vehicles travelling on our broken highway system.
Let's review the OP:
1. Obama supports throwing taxpayer money into 'green energy.'
2. White House proudly pointed to funds given to Evergreen Solar...
3. ...and claimed it would produce jobs. (Who knew those would be in China)
4. Evergreen delcared bankrupcy. Another win for Obama? Hardly.
Find any errors in the above?
Any?
No?
Good.
There's your biggest problem, Mags. If you're going to leap to support the unsupportable like a dalmatian answering the firebell, you'll continue to look as much a windbag as Obama.
Subsidized at thousands of dollars per ticket...unable to respond to changing patterns of habitation....iconic of Liberal policy....
Amen.
But it's okay to subsidize billions for Big Oil, the biggest profiteers on the globe. Got it and amen.
Wow! You've got those bumper-stickers down pat!
But they really don't make you appear very bright:
The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnoteif that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion. Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
There are about 138 million tax filers in the United States of America, about half of whom pay any federal income tax. How many tax payers are in America That means if we divide Exxons taxes by the 69 million who pay taxes, each is subsidized by $1,681. Still hate 'Big Oil'?
OK, which one of you evil Republicans bankrupted Obama's Golden Company? Hmmm? Don't make me ask again. I will find out. Either the individual owns up or you can all stay right here until one of you does. Am I making myself clear?
"The Obama touch continues: Solar Panel company Obama pimped filing bankruptcy."
1. "Obamas pet green jobs scheme continues to cost millions and the job loss continues. This is what happens when the government sticks its nose into the free market. Evergreen Solar took Obamas stimulus money, only to send jobs overseas to China and now is filing for bankruptcy.
2. Wonder how the White House will spin this?
3. From The Boston Herald:
Evergreen Solar Inc., the Massachusetts clean-energy company that received millions in state subsidies from the Patrick administration for an ill-fated Bay State factory, has filed for bankruptcy, listing $485.6 million in debt.
They also receive Obama stimulus money. All the taxpayers got was the bill.
4. Evergreen and the White House claimed it would hire 90 to 100 people with the stimulus money. Instead we ended up with a -900 job creation deficit. Sound familiar?
The Obama touch continues: Solar Panel company Obama pimped filing bankruptcy | Scotty Starnes's Blog
So, what have we learned.
a. Obama knows nothing re:business
b. 'Green Energy' as a support for the economy is a fraud.
c. In the bigger context, 'crony capitalism,' in which government picks - or attempts to pick- winners and losers, is a failed endeavor.
Pretty much the political epitaph of Barack Obama.
d. Another repudiation of Obama, Green Economy, and socialism.
Still waitin' for that apology, Lefties.
Wrong. It means private investors are still MIA. No wonder bankruptcy was, er, in the wind.
So what do YOU suggest this country get involved in ahead of China and other countries who are one-jump ahead of us in all other areas of manufacturing and technologies that promise jobs of the future? Oh wait, I know. Housing construction
Subsidized at thousands of dollars per ticket...unable to respond to changing patterns of habitation....iconic of Liberal policy....
Amen.
But it's okay to subsidize billions for Big Oil, the biggest profiteers on the globe. Got it and amen.
Wow! You've got those bumper-stickers down pat!
But they really don't make you appear very bright:
The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnoteif that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion. Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
There are about 138 million tax filers in the United States of America, about half of whom pay any federal income tax. How many tax payers are in America That means if we divide Exxons taxes by the 69 million who pay taxes, each is subsidized by $1,681. Still hate 'Big Oil'?
But it's okay to subsidize billions for Big Oil, the biggest profiteers on the globe. Got it and amen.
Wow! You've got those bumper-stickers down pat!
But they really don't make you appear very bright:
The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnoteif that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion. Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
There are about 138 million tax filers in the United States of America, about half of whom pay any federal income tax. How many tax payers are in America That means if we divide Exxons taxes by the 69 million who pay taxes, each is subsidized by $1,681. Still hate 'Big Oil'?
Oh yes, I feel their pain. Companies as large as Exxon Mobil obviously have top-notch lawyers and CPAs scanning tax laws for every available loophole they can find. Are you KIDDING ME???