|
Getting your Trinity Audio player ready...
|
Solyndra was big news when it happened, but it’s happened so often since that no one even pays attention. Massive green energy subsidies are used to create ‘plants’ with the promise of jobs for green cars, energy plants and assorted other grifts that have no business model other than government subsidies. When the subsidies don’t deliver, the whole thing shuts down.
Here’s Case #1399
Yes, Mr. President Joe Biden,
Meyer Burger will build one of the largest solar cell factories in the USA next year, creating 350 new jobs in Colorado Springs, and the construction works have already started! Our highly efficient solar cells manufactured there will supply our future US solar module plant in Goodyear, Arizona, with an annual capacity of two gigawatts.We are very much looking forward to making Meyer Burger solar modules made in the USA happen.
With the right energy, anything is possible.
Swiss solar cell and module manufacturer Meyer Burger has halted an expansion of a German factory and will instead build a new plant in the US, saying it is in line to collect $1.4bn in subsidies under President Joe Biden’s Inflation Reduction Act (IRA).
The City of Colorado Springs and the State of Colorado are also supporting the plant with a further $90m, including in tax credits and discounted utilities bills. The US Department of Energy has also promised a more than $300m loan to help get its operations off the ground.
If my math isn’t too far off, that’s around $1.9 billion. And then you’ll never guess what happened to all that green energy.
Solar panel maker Meyer Burger shut down a U.S. factory in Arizona due to financial troubles, cutting all 282 employees, the Swiss company said on Thursday.
The doors of the Goodyear facility were shut early on Thursday and the company put up a sign saying the facility was closed, according to two former employees.
Taxpayer money well spent.
The money went to where the Sol does not shine, out of sight pockets.
You’re probably right.
Ten percent for the Big Guy…..
More money wasted on another pork barrel waste, we could better use it for the Storm Victims
If those storm victims had “Trump 2024” signs in the Carolinas, they were sidestepped/ignored by FEMA.
Did he have a plant in Colorado and a plant in Arizona?
You’re probably right.
Yeah, that’s a good analogy, money as fuel. I’ve read some cases where a country got a sudden influx of unearned money and how it affected their economies.
Getting off topic, over 2400 commutations were signed in one day using the auto-pen.
If you average that out, it comes to over 100 per hour, or better than 1 per minute if Biden worked for 24 hours straight on that day.
If he only put in an 8-hour day, it comes to better than better than 3 commutations per minute, and that’s if he did nothing else in those 8 hours. That works out to more than one commutation every 20 seconds.
And the NYT op-ed seems to think that it’s a conspiracy theory to call this illegitimate use of the auto-pen.
A $Billion here a $Billion there ………….Meh.
that is 5.4 million per job
No doubt this was part of the plan. The money laundering plan. Treasonous use of USA taxpayers dollars with USA infrastructure in shambles. There is so much work for President Trump 47 and his stellar cabinet to do. Fix the damage of the last few years while uncovering the crimes and indict and prosecute the treasonous criminals. High treason.
I have faith in President Trump and knowing the demons are at the gate – the demoniac demoncraps and their lunatic fringe that has become unhinged in these Biblical end times of this here 2nd Earth Age
Who’d have thought Sleepy could compete with B. Hussein’s mammoth squandering?
(Of course Jug-eared Barry blew $500 million+ on Salyndra Energy alone. Several subsidized companies went bust – Salyndra was just one of ’em.)
ok. but how are their burgers?
It seems to me that the only cogent question to ask is: how much did the Biden family and friends profit from this fiasco? I think it’s a given that the Bidens profited on the front end of this government handout (i.e., largest) while their friends profited on the back end.
In Mexico it’s called “mordida.” Here in America, we codify corruption into law and give it innocuous names like government grants, campaign donations, government subsidies, government investments, etc., etc.
And the American people are stupid and naive enough to buy that bullsh*t! Un-freakin-believable!!