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robert38-55
Posts: 3,621 Senior Member
Another failed bail out from the US government... Solyndra; Obama's flop!!!!
robert38-55
Posts: 3,621 Senior Member
The Solyndra Solar panel plant in Fremont, California was supposed to be a kind of "backdrop" for the Barak Obama's administration so called "green economy" speeches in California, and other campaigning democrates... Remember all that Rhetoric??
... The speech Ovomit gave at Solyndra he said: "The promise of clean energy isn't just an article of faith" Its not just some abstract possibility for science fiction movies or a distant future or 10 years down the road or 20 years, it's happening right now. The future is here.":blah::blah::blah:
According to some articles and research I have done some say that there were warning signs of impending failure at this company even before it made national news.. For example,word is that the day Ovomit made that speech at that plant the "inconvenient optic", non-union solyndra workers, were told to "stay at home" with no pay the day of Obama's plant tour and speech.
The so called "GREEN INDUSTRY" is propped up by government subsidies, it has no basis in science, it's not economic and most of all NOBODY is buying "green" at least not in big enough numbers to make it a viable business for now... Heck just one day after the November election, after the company had just served its "duty" as the green success story of Democratic energy policy, came the shocking admission that Solyndra was actually in deep financial trouble and announced lay-offs and this was after they received a whopping 535 Million dollar bailout!!!!!!! from the 2009 stimulus bill!!!!!!!!!!!!!!!!!
Here is something to think about: :cuss: China, whose murderous dictator was just wined and dined as a "friend" at the White House, has determined to put the American green industry out of business by heavily subsidzing its own competing industries in solar panels, and wind turbines.. America no matter how much it cuts cost, cannot compete with SLAVE LABOR. We will never win a price point war with China. Something needs to change and change now; as it stands the way I see it is we are subsidizing China's military while they restrict what they allow their own people to buy from us. Free trade has become nothing more that A Fraud on the American worker.
The bottom line is that the US department of Energy is a Joke. I conclude that little or no market, speculation, competition from China, bad mangement, over spending, negative cash flow problems at Solyndra and a chance to grab some "FREE GOVERNMENT MONEY" put the company under at the expensive of the US tax payer as usual..... Its going to be interesting to see how the Ovomit administration and the DOE explain this one away!!!!!!!!!!!!!!!!:deadhorse::blah::blah: Steve Miller band said it best: " go on take the money and run"
... The speech Ovomit gave at Solyndra he said: "The promise of clean energy isn't just an article of faith" Its not just some abstract possibility for science fiction movies or a distant future or 10 years down the road or 20 years, it's happening right now. The future is here.":blah::blah::blah:
According to some articles and research I have done some say that there were warning signs of impending failure at this company even before it made national news.. For example,word is that the day Ovomit made that speech at that plant the "inconvenient optic", non-union solyndra workers, were told to "stay at home" with no pay the day of Obama's plant tour and speech.
The so called "GREEN INDUSTRY" is propped up by government subsidies, it has no basis in science, it's not economic and most of all NOBODY is buying "green" at least not in big enough numbers to make it a viable business for now... Heck just one day after the November election, after the company had just served its "duty" as the green success story of Democratic energy policy, came the shocking admission that Solyndra was actually in deep financial trouble and announced lay-offs and this was after they received a whopping 535 Million dollar bailout!!!!!!! from the 2009 stimulus bill!!!!!!!!!!!!!!!!!
Here is something to think about: :cuss: China, whose murderous dictator was just wined and dined as a "friend" at the White House, has determined to put the American green industry out of business by heavily subsidzing its own competing industries in solar panels, and wind turbines.. America no matter how much it cuts cost, cannot compete with SLAVE LABOR. We will never win a price point war with China. Something needs to change and change now; as it stands the way I see it is we are subsidizing China's military while they restrict what they allow their own people to buy from us. Free trade has become nothing more that A Fraud on the American worker.
The bottom line is that the US department of Energy is a Joke. I conclude that little or no market, speculation, competition from China, bad mangement, over spending, negative cash flow problems at Solyndra and a chance to grab some "FREE GOVERNMENT MONEY" put the company under at the expensive of the US tax payer as usual..... Its going to be interesting to see how the Ovomit administration and the DOE explain this one away!!!!!!!!!!!!!!!!:deadhorse::blah::blah: Steve Miller band said it best: " go on take the money and run"
"It is what it is":usa:
Replies
The government should NEVER bail out a company. If they go under from bad business practice, that should stand as a lesson for future businesses.
Luis
Well, bailout or not the question still stands: Who pays back the Government money? The taxpayers? I don't think that's fair to us.... Bail out or loan a lot of the companies that got US government bail outs have made some attempt to pay it back, and I am pretty sure some ain't going to make any effort at all to payback. Chrysler is paying their "Bail out" back.
I agree with ya Luis. I have looked at opinions on both sides of this issue and its somewhat perplexing... Not to disagree with ya, but lets look at a sceniro here:
Due to inept and poor economic trade decisions made by Presidential Administrations over the course of a few years causes the American worker to loose jobs. Lets say for example that company X is triving the yearly profits are up all the employee's are happy as a lark, then little bit by little bit the US Government due to its lack of care or concern, and lack of total understanding of what a Free Capatilist society is and or should be, begins to pass laws, such as Clinton's NAFTA and other BS trade laws that cause company X to no longer be competitive and finds itself struggling to meet payroll, and other operating expensives.. Now assume that no bad management or shady book cooking was going on at company X. I think that if an individual who has been employeed at company X for 20 years or so suddenly finds his/her self with a layoff pink slip, then that person would blame their bad luck on the US Government and maybe expect the root cause of the problem ( the US government) to fix the mess that caused the layoffs in the first place. You see what I am getting at here?
Why does the US Government at any level, have to get involved with private business's affairs? Why do our crooked and inept Senators, and Congress folks, have to stick their nose where it doesn't belong, only to have the US taxpayers find out at a later date, that it was a scandal, a political favor, a backhanded deal that went south on them? And then have the gall and gumption to ask the US tax paying citizen to " Bail them out?" It don't make any sense to me and never will!!!!!!!!!!! When did the US economy and politics become so intertwined with each other that they can't be seperated? We hear Presidents talk about "The economy" more specific " its a threat to our national economy" I have heard that statement so much I am beginning to believe that Everything is a threat to our national economy. The banking industry, the Fannie May, and Freddy Mack, the Wall street melt down, are just a few examples of government bail outs,and as far as I am concerned, we haven't created any jobs out of this government investment,bailout, etc. Over half of US manufactures are either in Mexico or overseas now and I don't think those jobs and those manufacture's are ever going to come back to the USA.... The other half of US manufactures are either totally shut down and have been for years(like our once thriving US steel manufactures) or operating with a skeleton crew at less than the standard 40 hours a week.....It's ok to be Globally competive but not at the expensive of US jobs and manufacturing. How does our US Government arrive at the decision to bail some companies out and not others? I suppose the answer to that is if a company is large enough and its board members are sleeping with the right Senators and Congress folks, then when the company gets into finanical trouble, then the US Government comes to their rescue.
.... Here's another scerino:
What if the US military was buying arms from company G. Lets say that company G told the US Government that its doesn't have any more operating capital to honor the contracts to supply our Military with arms and ammo. They need a bail out. The reason: If company G goes out of business then they can't supply the US military with arms and that will be a "Threat to national Security" More than likely the US government will bail them out....... One would hope so anyway in this case. But to play devils advocate here, as many anti-gun, bleeding heart liberals we have in office now, they would probably sieze the opportunity to look at it as: " hey if we don't bail out arms company G, we will be getting rid of a gun manufacture, and we want to disarm the American people,so we don't want go along or vote for this bail out......they ain't know one in arms manufacturing company G sleeping with us." Then again the old adage says: "Whats good for the goose, is good for the gander."