Solyndra revisited, how many jobs were lost?

Discussion in 'Politics' started by Wiseacre, Jun 14, 2012.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    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?
     
    Last edited: Jun 14, 2012
  2. Sinjorri
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    Sinjorri Senior Member

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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.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Solyndra lawsuit demands full refund to taxpayers...
    :clap2:
    Taxpayer fights Solyndra for $535 million
    Wednesday, September 12, 2012 - Bankruptcy case draws retiree’s ire
     
  4. Claudette
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    Claudette Gold Member

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    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.
     
  5. Lovebears65
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    Lovebears65 Gold Member

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    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 .
     
  6. Lovebears65
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    Lovebears65 Gold Member

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    We wont get paid back , just like we will never get paid back for CHINA motors .


     

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