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Anybody see 60 minutes Sunday night?... Yikes.
Kaepsknee
Member Posts: 14,919
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
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Starting at Copenhagen in 2009 the Obama Administration has been awful in clean energy/climate change issues.
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SInce 2009 the Obama administration has been awful at just about everything.
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Who's an Obama gulper?
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That's an alarming story.
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He just needs more time to get his guys in there
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allpurpleallgold said:
Who's an Obama gulper?
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
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The most disturbing thing about the Obama Presidency in my opinion is that while so many people realize how Fucking Stupid he and his administration is (not to mention the balance of the Democratic party), they all still think he's the greatest.
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No doubt Bush's fault. I also suspect the very posting of that information identifies you as racist.
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Why the fuck can't this country elect a competent leader?
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He voted for Romney. I like to preface my political arguments with "I voted for the other guy" so it seems my argument hold more weight if I switched sides.RaceBannon said:allpurpleallgold said:Who's an Obama gulper?
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
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