The PLAN

[Raven]

Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&

Wouldn't it be funny if Mr Boner refused his request to speak

Could he do that?

he did one better and had the speech night modified

good call there..... Bugger

[scottw]

I hope he announces a massive investment in Green Jobs

Solyndra to Declare Bankruptcy
President Obama touted the facility only a year ago

Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. "

Solyndra, a Fremont-based solar panel manufacturer that flared then sputtered, abruptly ceased operations on Wednesday and immediately laid off all 1,100 of its workers.

The shutdown marks a high-profile collapse of a company that received more than $1.6 billion in federal and private funding in recent years.

"This was an unexpected outcome and is most unfortunate," Brian Harrison, Solyndra's president and chief executive, said.


Solyndra workers who were laid off on Wednesday were dismissed without layoff packages.

"They are getting no severance," said Dave Miller, a Solyndra spokesman. "They are getting nothing."

"It's devastating," Campbell resident Matthew Henry said. "There was no compassion."

OBAMA!!! WHERE ARE YOU????....oops...sorry to disturb your vacation

[Jim in CT]

Originally Posted by scottw

I hope he announces a massive investment in Green Jobs

Solyndra to Declare Bankruptcy
President Obama touted the facility only a year ago

This is a great post!!

In May 2011, Obama touted this company as one of the brilliant firms that would lead the way to green jobs, and just in May, Obama gave them a $500 million loan. 3 months later, and they are bankrupt. How did they burn through that $500 million in 3 months, did they have a bonfire? I hope they used solar panels to start the fire, and not fossil fuel...

And yet another example that everything Obama touches, EVERYTHING HE TOUCHES, turns to vomit. He can't get one right by accident, I have never seen his level of incompetence anywhere, ever. If Josef Stalin and Barney Fife conceived a child, it would be Obama.

God get me through one more year...one more year...

I swear liberals believe that green energy is available, it's just that no one wants to pursue it. The fact is, no one can make it work, not in a cost-effective way. No one wants to pay $45,000 for a car that you have to re-charge before you get to the end of your driveway. No one can afford $35,000 for solar panels on their house.

I want to get off fossil fuels. But the fact is, we're nowhere near achieving it. The first person to achieve it will become a trillionaire, and that's all the incentive anyone needs. We will be using oil for a long, long time.

[justplugit]

Originally Posted by scottw

I hope he announces a massive investment in Green Jobs

Prolly be another $80 Billion "Green Economy"stimulus like the last fiasco
that created or SAVED 225,000 jobs at a cost of $335,000 per job.

Solar and green energy will happen and be cost affective at some point, but right now it's pie in
the sky and for the forseeable future we need fossil fuels.

[scottw]

Originally Posted by justplugit

Prolly be another $80 Billion "Green Economy"stimulus like the last fiasco
that created or SAVED 225,000 jobs at a cost of $335,000 per job.

yup....

A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.

Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of dollars.

Solyndra also spent $550,000 lobbying Congress in 2010. Between 2008 and 2011, the company spent more than $1 million lobbying for bills including the “American Clean Energy Leadership Act of 2009″ and the “Solar Manufacturing Jobs Creation Act.”

Despite Solyndra’s recent bankruptcy announcement, the Department of Energy and the White House insist the investment was not in vain.

“The project that we supported succeeded,” a spokesman for the Department of Energy told The New York Times. “The facility was producing the product it said it would produce, and consumers were buying the product,” he said. “The company struggled because the market has changed dramatically.”

HUH?

[spence]

Originally Posted by scottw

“The facility was producing the product it said it would produce, and consumers were buying the product,” he said. “The company struggled because the market has changed dramatically.”

HUH?

Huh? The problem was that the company couldn't compete because the Chinese Government is subsidizing domestic production to keep the market saturated with cheaper product.

The problem here is just like when a company tries to incubate a new technology. They usually all fail at first, but if kept afloat some will become strong enough to swim on their own. Most of this will happen naturally in the market, but what about strategic industries?

Cutting taxes isn't the solution...we need education and focused incentive.

-spence

[scottw]

Originally Posted by spence

Huh? The problem was that the company couldn't compete because the Chinese Government -spence

it's Bush...it's the Chinese...it's Bad Luck...it's earthquakes, tsunamis and hurricanes...it's "Typical White People", it's the Tea Party.....Global Warming....Global Cooling....Sarah Palin....those RELIGEOUS(except Muslim radicals) people....the rich(except the ones that donate to and support Obama but don't pay their taxes).........it's always someone or something else and it's getting really...really tiresome

are Chinese Government subsidies responsible for these too?

"Last week Obama toured to much fanfare a Johnson Controls plant in Michigan where $300 million in conservation grants produced 150 jobs — at a cost of $2 million per position."

Evergreen Solar Inc is a "Massachusetts company that the White House once said 'is hoping to hire 90 to 100 people' thanks to stimulus money has $485.6 million in debt. Evergreen closed a factory in March, reports the Boston Herald, and cut 800 jobs. A Michigan plant is to be shut down, as well, causing the loss of even more jobs."

"Green Vehicles of Salinas, Calif., which has burned through more than $500,000 in money 'invested' by the city, folded last month without having produced anything of significance. The company promised it would employ about 70 and pay back Salinas taxpayers with $700,000 a year in city taxes."

In Seattle, "a $20 million federal grant for home weatherization has, according to KOMO news, retrofitted only three houses and created 14 jobs in more than a year."

Green Bus Biz Fails: Government Planners Pick a Loser … and Stick With It By Tom Gantert | Aug. 1, 2011

Fisher CoachWorks was a Michigan hybrid vehicle “green” start-up company that the state hoped to claim as one of the “success stories” for the state’s premier economic development program. Former Gov. Jennifer Granholm championed the company in a September 2009 news release, saying it was part of Michigan’s “new energy” economy. Some estimates showed that it would create 530-plus jobs.

Instead, the Michigan Economic Development Corporation lost taxpayers $1.6 million on the deal, but not until after an organization-wide effort to save the company.

Six months after the governor publicly praised Fisher, a Feb. 15, 2010, MEDC memo stated that Fisher CoachWorks had failed to meet two performance “milestones” as part of its $2.6 million total loan agreement with the state. The memo asserted that if the MEDC didn’t give Fisher CoachWorks the $1 million remaining from the initial loan deal and then allow it to change its benchmarks, then “the company will most probably be dissolved.”

On March 15, 2010, Fisher sent an email to the MEDC notifying it of plans to shut down and lay off all of their employees. The announcement that the company was going down set off a flurry of MEDC activity to try to find the company some money.

Leslie Smith, then MEDC’s director of business acceleration, wrote in a March 29, 2010, email, “I’m pulling together all of the forces of MEDC” to help find a way to salvage Fisher CoachWorks.

According to one staff email dated April 9, 2010, the MEDC tried to convince the Flint Mass Transit Authority to give $2.2 million of its federal stimulus “development” money to Fisher CoachWorks.

there are more too


wait...forgot Europe

Obama blames Europe for his Green Jobs failure
byConn Carroll Senior Editorial Writer
Follow on Twitter:@conncarroll

President Obama is blaming cuts in European solar power subsidies for his administration's half-a-billion dollar bad bet on a failed green collar California firm.

What????...I thought it was the Chinese Government Subsidies that were to blame...it's the lack of European Government Subsidies now....he should just BLAME THE WORLD

[scottw]

Originally Posted by spence

Huh? The problem was that the company couldn't compete because the Chinese Government
-spence

maybe this was the problem

The Government Accountability Office would later single out the Solyndra deal as an example of the government’s failing to fully vet such arrangements before approving the loan guarantees. With all those stimulus dollars burning a hole in its pocket, the Obama administration was overeager to get them spent. “If you don’t have really strong processes in place, and if you’re under pressure to get a lot of these dollars allocated, you can make unproductive decisions and ones that ultimately put taxpayers’ dollars at risk,” GAO analyst Franklin Rusco said. In fact, the administration announced its commitment to the loan guarantees before the required outside reviews were even in hand.

[spence]

Originally Posted by scottw

maybe this was the problem

The Government Accountability Office would later single out the Solyndra deal as an example of the government’s failing to fully vet such arrangements before approving the loan guarantees. With all those stimulus dollars burning a hole in its pocket, the Obama administration was overeager to get them spent. “If you don’t have really strong processes in place, and if you’re under pressure to get a lot of these dollars allocated, you can make unproductive decisions and ones that ultimately put taxpayers’ dollars at risk,” GAO analyst Franklin Rusco said. In fact, the administration announced its commitment to the loan guarantees before the required outside reviews were even in hand.

That's a different issue.

It's fine to argue due diligence wasn't done, but that's not necessarily why the company folded.

-spence

[Piscator]

Originally Posted by spence

Cutting taxes isn't the solution...we need education and focused incentive.

-spence

We need to stop spending all this money we don't have. The bottom line is we need to cut spending and unfortunately, (and I really hate to say this) increase taxes in some form or another. Cutting spending will help reduce the deficit. If we only reduce the deficient, we then have a larger debt issue to deal with…….I can’t believe I’m saying this but due to the irresponsible spending of this administration, the only way to get out on this hole is cut spending and have some sort of tax increase (and not just on the “rich”) to get us back on track………….

[justplugit]

Originally Posted by Piscator

We need to stop spending all this money we don't have. The bottom line is we need to cut spending and unfortunately, (and I really hate to say this) increase taxes in some form or another.

Ya, hate to admit it but I have been thinking the same thing recently.
Cutting spending and raising taxes could bring both parties in Congress something
to bring them closer to action.

In a better economy it would be a no brainer, but in this economy
raising taxes is a two sided sword.

Iv'e got a feeling Obama will want to spend big now and raise taxes too.