Wiseacre
Retired USAF Chief
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?
"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. "
.
.
" 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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