Obama Solar Panel Company: Bankrupt

[PoliticalChic]

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 footnote—if 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 Exxon’s 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???

So....you couldn't dispute this one either?

That's what I thought.


Dalmatian....firebell?

Doesn't require any insight, either.

 

[PoliticalChic]

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.

And how many other "government" projects (pre-Obama) wound up providing more jobs for overseas workers? Does your extensive "research" happen to direct you to any of those? You always act as though something you can slap around Obama for, OMG, never happened before in history! Bull. That's why you're such a blatant hypocrite. According to you, everything (EVERYTHING!!!!!!!!) was just purrrrrrrfect until a Democrat became president during the roughest economic time since the Great Depression.

"And how many other "government" projects (pre-Obama) wound up providing more jobs for overseas workers?...You always act as though something you can slap around Obama for, OMG, never happened before in history!"

1. Changing the subject is the debating equivalent of throwing in the towel....

2. "...how many other..."

a. The subject is the current administration.
b. Did you find that other administrations were as consistently incompetent (well, there was that other Democrat...Carter) showing as high a percentage of ineptitude?
(Of course, we're not speaking of the equally inept Obama voters....does the shoe fit?)

 

[PoliticalChic]

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 government’s 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 Solar’s involvement with a project funded by the stimulus."Ibid.


BTW....no typo in here, either.

So what if they got stimulus money? Do you think they set out intending to go bankrupt?

There was some suggestion that the OP was inaccurate...
...I don't see it.

Do you?

 

[PoliticalChic]

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 footnote—if 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 Exxon’s taxes by the 69 million who pay taxes, each is subsidized by $1,681. Still hate 'Big Oil'?

Not to mention the large portion of the workforce whose jobs depend upon the oil industry.

Ms. Boe...this is another of those examples of the efficacy of the Old Left Media in manipulating weak minds.

a) When the Left in America was burned by its close association with fascist regimes, they pretended that the fascists and Nazis were right-wing.

b) And to support the class warfare strategy, the same Old Left Media pretends that it is 'Big Oil' rather than 'Big Green' or Sierra Club that runs energy policy.

But times, they are a-changin'.

 

[PoliticalChic]

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 footnote—if 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 Exxon’s 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???

Only an empty head would imagine that the corporation is some sort of Gryphon which eats the profits, and hates mankind....

....

On the contrary, a profitable corporation provides a service for which folks are willing to pay, and jobs, and a comfy retirement for those who own the corporation.

Now, as to who owns EXXON....

“Exxon Mobil, in fact, is owned mostly by ordinary Americans. Mutual funds, index funds and pension funds (including union pension funds) own about 52 percent of Exxon Mobil’s shares. Individual shareholders, about two million or so, own almost all the rest. The pooh-bahs who run Exxon own less than 1 percent of the company.” Exxon Mobil Needs a Hug - New York Times


So, three cheers for EXXON..
...hey, why aren't you cheering????