George Rebane
This crap we’ve been hearing about a handful of solar tech companies, led by Solyndra, going bankrupt is small potatoes and the tip of the iceberg, the remainder of which Team Obama and the Dems hope that never sees the light of day. For all intents and purposes, there are no successful and sustainable green tech companies that have gotten the long green from the feds.
Last night we heard that the administration is touting that they have created 3,545 new green jobs from an expenditure of $38,600,000,000 (yep, that’s over 38 billion dollars). That computes to spending $10,880,000 per job. As I’ve pointed out, when other people’s money runs out, so will the jobs and the companies that are providing them. Now that is some serious crony socialism that the nation’s progressives hope the common folk never understand.
In the meantime we keep hearing of the newest tax’n spend posterchild lamenting that he’s not paying enough tax, and telling us all that the feds should raise taxes on those who invest and create new jobs. The country’s response can be heard echoing daily across this great land, ‘Write a f@%king check Warren!!’
[20sep2011 update] Tonight we heard that Congress is starting hearings on Solyndra, having subpoenaed members of that bankrupt company’s executive team to testify this Friday. They, of course, will all be taking the Fifth. And after a ridiculously harrowing day on the Hill, they’ll probably gather to take another fifth. Congress will get nothing out of these people, and they will even get less when they subpoena Administration types to answer questions as to why the half billion was lent to a company that even the guy running the corner newspaper stand knew was gonna go belly up. The government folks will all use ‘executive privilege’ to zip their lips.
But not to worry, it will all come out. And the later they start singing, the worse it will be for the White House. In the meantime, we taxpayers do have something to worry about – namely that there are billions more that must be quickly spent on other green tech companies just waiting out there with their little beaks open and ready for their stimulus hit. Given the spate of bankruptcies, sanity would dictate that further such giveaways should be halted until we find out what in tarnation is going on at the Dept of Energy (a question that’s been hanging for the last thirty years). But sanity turned up MIA years ago inside the Beltway. The Senate is determined to sprinkle those additional billions on temporary green jobs, come hell or high water – nothing will stop those Dems playing to their far left base now that these people are ready to toss Obama under the bus.
Now don’t put away your funny bone yet, there’s another joke from the yokels. It turns out that the 1,000+ Solyndra ex-employees can receive government paid retraining while drawing unemployment according to Senator Orrin Hatch (R-UT). This is kind of weird in itself, and doubly so when you consider that these former employees were already trained up in how to work a clean energy, green tech, environmentally supportive, ya-da ya-da company. Hasn’t everyone – from President Obama, through California’s Moonbeam, down to Mary Nichols of CARB (remember AB32, it’s still here), and even the considerable chorus of local lefties – been telling everyone and their mother that green/clean tech is where all the new jobs are coming from? So why do they need retraining on our nickel?
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