Solyndra revisited, how many jobs were lost?

Wiseacre

Retired USAF Chief
Apr 8, 2011
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San Antonio, TX
snippet:

"Documents obtained by The Bay Citizen under the Freedom of Information Act revealed that the Solyndra bankruptcy resulted in 1,861 people losing their jobs—over 700 more than the defunct solar company previously reported. In reality, the job loss count is even higher than that. What hasn’t been counted are the jobs that could have been created with that half-billion-dollar government subsidy.

The subsidized Solyndra received one of the first stimulus loan guarantees, a $535 million loan. That money did not fall straight from the sky to Solyndra’s headquarters. For the Department of Energy to award the handout, the federal government had to borrow that money or raise taxes at a later date. Either way, the government is extracting the money from U.S. taxpayers. It gets back to that quirky saying economists love to use all the time: There is no free lunch. Government “investments” have a cost. "
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" When Gabriel Calzada of King Juan Carlos University calculated the government expenditures used to subsidize green jobs in Spain, he found that same amount of expenditure could have been used to support more private-sector jobs. He calculated for every green job created by the government, 2.2. jobs were lost in the private sector. "

At Solyndra, More Jobs Lost

So, are we talking about approx 3800-4000 jobs that were not not created cuz the Obama admin wasted money on a company that was previously deemed as not economically competitive? How many roads and bridges could we have fixed with that money? And that's just Solyndra, how many other jobs could have been created but weren't because the Obama DOE blew wads of money on businesses that weren't viable?
 
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the dems defense "its in the past we are looking to the future, ooo a republican did something 34 years ago, lets attack that"


come on whos going to step up and defend this? I cant wait til the gulf is revisted and how Obama ignored it at first.
 
Solyndra lawsuit demands full refund to taxpayers...
:clap2:
Taxpayer fights Solyndra for $535 million
Wednesday, September 12, 2012 - Bankruptcy case draws retiree’s ire
Many Americans were upset when solar-panel maker Solyndra filed for bankruptcy last September owing taxpayers more than $500 million, but retiree Robert Grady Jr. was different. The more he read about the failed company, the more irritated he became. Finally, weeks after the bankruptcy case began, Mr. Grady did something he’d never done before. He filed a claim in U.S. Bankruptcy Court. It turned out to be the biggest single claim in the case — $535 million — but it wasn’t on behalf of himself. Rather, Mr. Grady, 57, made the claim on behalf of U.S. taxpayers because he said he didn’t trust Department of Energy lawyers to look out for taxpayers’ interests.

The retiree said he wasn’t looking for any money. He just wanted the loan money returned to the U.S. Treasury. Now, after more than a year, the bankruptcy case finally is grinding to a halt. Among the thousands of claims filed in the case, Mr. Grady’s is perhaps the most unusual. “I’m not a lawyer, and I’ve never consulted a lawyer,” Mr. Grady said in a recent phone interview. “I just think the taxpayers are getting shafted.” Mr. Grady filed his $535 million claim on a one-page handwritten form submitted to the U.S. Bankruptcy Court in Delaware on Nov. 11, 2011. In response to a question with regard to the basis for his claim, he wrote, “Money Loaned by DOE, representing U.S. taxpaying citizen.”

Solyndra received $535 million in federal loan guarantees in 2009 and was championed by, among others, Vice President Joseph R. Biden, but its bankruptcy last year fueled an ongoing congressional probe and turned into a big political headache for the Obama administration. In the 10 months since Mr. Grady filed his claim, he has followed the case closely from his computer at home in Redmond, Wash., and he has read just about all of the more than 1,000 docket entries filed so far during the proceedings. Yet he has never had any contact with anybody from the bankruptcy court or with any of the many lawyers in the case.

Still, a few weeks ago, Mr. Grady noticed finally that somebody in the case was paying attention. In the 19th and final paragraph of a recent court motion seeking approval of their reorganization plan, attorneys for Solyndra, who earn up to $975 per hour for their work in the case, told the judge in the case not to pay attention to Mr. Grady. “Finally,” the attorneys wrote, “the objection to the plan submitted by Robert E. Grady Jr. in his purported capacity as a taxpaying citizen of the United States should be ignored. Mr. Grady is not a creditor of these estates and has no standing to assert a claim on behalf of the United States.”

When Mr. Grady saw that paragraph, he quickly got to work drafting a reply, which he filed this past week. In his one-page reply, Mr. Grady called the notion that his claim ought to be ignored an “affront and insult to the U.S. Constitution, the Declaration of Independence, associated documents and statements made throughout the history of this country by our Founding Fathers.” He also wrote that the idea that he and other taxpayers are not creditors is “untrue, arrogant, irresponsible, unethical and potentially fraudulent.” Just weeks earlier, Mr. Grady had filed his own motion objecting to the company’s reorganization plan. He wasn’t alone, either.

Read more: Taxpayer fights Solyndra for $535 million - Washington Times Taxpayer fights Solyndra for $535 million - Washington Times
 
What does that asshole mean?? Mr. Grady isn't a creditor??

What a load of bullshit. We taxpayers are on the hook for $535 million and that asshole doesn't think we're creditors??

I wonder if anyone bitched about the investors getting their money back before we taxpayers. And the deals that were done to make that happen. Jesus these people suck.

Barry and company fucked us over again. Hope Romney goes out of his way to point out Barrys obsession with his green bs and how much its costing we taxpayers.
 
the dems defense "its in the past we are looking to the future, ooo a republican did something 34 years ago, lets attack that"


come on whos going to step up and defend this? I cant wait til the gulf is revisted and how Obama ignored it at first.
They only want to look to the past if they can blame Bush for it.. I am surprised they have not tried to blame Bush for Solyndra.. Oh yeah they did since the bill started on his watch. But BUSH put a stop to it.. So, It was not Bush's fault .. It is Obama but nothing , and I mean nothing is Obama's fault if you are for Obama . If we say otherwise we are racist , women hating , war mongers.. You know all their talking points because they have nothing of valid to debate about .
 
We wont get paid back , just like we will never get paid back for CHINA motors .


Solyndra lawsuit demands full refund to taxpayers...
:clap2:
Taxpayer fights Solyndra for $535 million
Wednesday, September 12, 2012 - Bankruptcy case draws retiree’s ire
Many Americans were upset when solar-panel maker Solyndra filed for bankruptcy last September owing taxpayers more than $500 million, but retiree Robert Grady Jr. was different. The more he read about the failed company, the more irritated he became. Finally, weeks after the bankruptcy case began, Mr. Grady did something he’d never done before. He filed a claim in U.S. Bankruptcy Court. It turned out to be the biggest single claim in the case — $535 million — but it wasn’t on behalf of himself. Rather, Mr. Grady, 57, made the claim on behalf of U.S. taxpayers because he said he didn’t trust Department of Energy lawyers to look out for taxpayers’ interests.

The retiree said he wasn’t looking for any money. He just wanted the loan money returned to the U.S. Treasury. Now, after more than a year, the bankruptcy case finally is grinding to a halt. Among the thousands of claims filed in the case, Mr. Grady’s is perhaps the most unusual. “I’m not a lawyer, and I’ve never consulted a lawyer,” Mr. Grady said in a recent phone interview. “I just think the taxpayers are getting shafted.” Mr. Grady filed his $535 million claim on a one-page handwritten form submitted to the U.S. Bankruptcy Court in Delaware on Nov. 11, 2011. In response to a question with regard to the basis for his claim, he wrote, “Money Loaned by DOE, representing U.S. taxpaying citizen.”

Solyndra received $535 million in federal loan guarantees in 2009 and was championed by, among others, Vice President Joseph R. Biden, but its bankruptcy last year fueled an ongoing congressional probe and turned into a big political headache for the Obama administration. In the 10 months since Mr. Grady filed his claim, he has followed the case closely from his computer at home in Redmond, Wash., and he has read just about all of the more than 1,000 docket entries filed so far during the proceedings. Yet he has never had any contact with anybody from the bankruptcy court or with any of the many lawyers in the case.

Still, a few weeks ago, Mr. Grady noticed finally that somebody in the case was paying attention. In the 19th and final paragraph of a recent court motion seeking approval of their reorganization plan, attorneys for Solyndra, who earn up to $975 per hour for their work in the case, told the judge in the case not to pay attention to Mr. Grady. “Finally,” the attorneys wrote, “the objection to the plan submitted by Robert E. Grady Jr. in his purported capacity as a taxpaying citizen of the United States should be ignored. Mr. Grady is not a creditor of these estates and has no standing to assert a claim on behalf of the United States.”

When Mr. Grady saw that paragraph, he quickly got to work drafting a reply, which he filed this past week. In his one-page reply, Mr. Grady called the notion that his claim ought to be ignored an “affront and insult to the U.S. Constitution, the Declaration of Independence, associated documents and statements made throughout the history of this country by our Founding Fathers.” He also wrote that the idea that he and other taxpayers are not creditors is “untrue, arrogant, irresponsible, unethical and potentially fraudulent.” Just weeks earlier, Mr. Grady had filed his own motion objecting to the company’s reorganization plan. He wasn’t alone, either.

Read more: Taxpayer fights Solyndra for $535 million - Washington Times Taxpayer fights Solyndra for $535 million - Washington Times
 

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