Once again we learn the painful lesson that the federal government is seldom a savvy investor. It seems that The Barry has thrown $535 million of taxpayer money down a rat hole to show how sensitive he is to growing "green jobs" (see: Solyndra Shuts Down).
As it turns out, these 1,100 jobs at Solyndra Corp. in Fremont, CA lasted only a little over one year and now the only green left there is the envy that these erstwhile environmentalists feel for their neighbors who are still gainfully employed. To be perfectly fair, one has to mention that $600 million of private venture capital had also been frittered away on this cadre of tree-huggers (see: The Green Wombat). And this also parallels an even more foolish investment of something like $20 billion of federal funds in 1979 by Jimmy Carter on the pie-in-the-sky Synthetic Fuels Corp. (see: Synfuel Sin).
Now, Thursday next in his "jobs, jobs, jobs" pep rally, when The Barry calls for our government to "invest" in more green jobs, please also invest a healthy amount of scepticism on your own at his pom-pom waving.
1 comment:
So, you admit that 1,100 jobs were actually created by the stimulus funds. But because the company management was inept the jobs were lost, so no credit it due to poor Obama.
Was Reagan an anti-jobs guy when he fired all the striking Air Traffic Controllers? When the power went off last week, a lot of people wished they had solar panels on the roof. You?
Please be sure to tell us how the Jobs speech went. I'm watching the football game.
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