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Anybody see 60 minutes Sunday night?... Yikes.
Kaepsknee
Member Posts: 14,750
The administration used close $150 Billion, yes BILLION with a B to invest in Clean Tech. "Loans" were granted to many companies who simply had an idea. But all those companies that failed simply filed bankruptcy and then went to auction for pennies on the $$$
We've all heard about Solyndra which was a $500MM loss but there was also a division of LG which also burned about $500MM in a plant that was built to produce batteries for electric cars that were never purchased. Consequently hundreds of employees were paid months to do nothing.
All the while the only really successful venture to come out of clean tech stimulus is a luxuty car maker, Tesla.
But do take heart America, eventually there were about 6,000 jobs created from this. Nevermind that it wasn't until a Chinese raider came in and snapped up some of these companies for pennies on the dollar. His company here produces auto parts. But part of the deal that this Chinese businessman got, was billions of $$$ of R & D to take back to China for them to use to compete against companies here.
We the taxpayers paid $150BB to create 6,000 jobs and ship Billions worth of R & D to Chinese companies to beat the pants off of us if any of these Clean Tech ventures were to work.
Thoughts from the resident obama gulpers???
oops Link:
http://www.cbsnews.com/news/cleantech-crash-60-minutes/
We've all heard about Solyndra which was a $500MM loss but there was also a division of LG which also burned about $500MM in a plant that was built to produce batteries for electric cars that were never purchased. Consequently hundreds of employees were paid months to do nothing.
All the while the only really successful venture to come out of clean tech stimulus is a luxuty car maker, Tesla.
But do take heart America, eventually there were about 6,000 jobs created from this. Nevermind that it wasn't until a Chinese raider came in and snapped up some of these companies for pennies on the dollar. His company here produces auto parts. But part of the deal that this Chinese businessman got, was billions of $$$ of R & D to take back to China for them to use to compete against companies here.
We the taxpayers paid $150BB to create 6,000 jobs and ship Billions worth of R & D to Chinese companies to beat the pants off of us if any of these Clean Tech ventures were to work.
Thoughts from the resident obama gulpers???
oops Link:
http://www.cbsnews.com/news/cleantech-crash-60-minutes/
Comments
CollegeDoog
Although like the rest of the Obama voters he now denies being one
Nixon won 49 states, by the time he resigned people who voted for him were as rare as a WSU Rose Bowl win
My opinions on race and climate change don't stem from any party platform.
Nice try though.
I made a private donation to the Romney campaign.
Voted McKenna for WA gov as well.
Moderate Republicans always get my vote.
But I'm not surprised coming from someone who thought FDR was a bad president.
You're statist argument would make Jefferson Davis proud.