Stimulus follies: $535 million down the drain in California in “green jobs”

posted at 9:25 am on November 5, 2010 by Ed Morrissey

The Obama administration made Solyndra, a solar-power manufacturing company, a symbol of its “green jobs” push in the Porkulus program. Barack Obama himself toured the factory, as did Barbara Boxer. Taxpayers ended up sinking $535 million into building Solyndra a new facility that promised to add jobs in the clean-energy sector. Instead, now that Solyndra has its new facility, it’s closing another older facility and will lay off dozens of employees and cancel the contracts for 150 more contract workers:

Solyndra Inc., the high-flying solar panel maker once touted by President Barack Obama as a model for a green energy future, said Wednesday it has scuttled its factory expansion in Fremont, a move that will stop the company’s plans to hire 1,000 workers.

Solyndra said it will also close an existing factory in the East Bay. That will leave the company with one Fremont factory, a new plant visible from Interstate 880.

The moves mean that instead of having 2,000 workers in Fremont, Solyndra will cap its work force at 1,000, which is about the current level. Solyndra also will, over the next several weeks, eliminate 155 to 175 jobs in Fremont. That includes 135 contract employees and 20 to 40 full-time workers, said David Miller, a Solyndra spokesman.

In other words, we invested $535 million into a company that apparently couldn’t compete on a price basis with its foreign competition. Perhaps Obama and Boxer would choose to do this with the royalties each make from their literary enterprises. That would have been their money to lose.

Instead, though, they borrowed $535 million — a significant portion from China, as one might recall — in order to gamble on Solyndra while putting us on the hook for the investment. Solyndra did all right from it; they got a nice new facility and now can dump their old plant. The television report focuses on the risk if Solyndra has to abandon the new plant, but the same can probably said about its old plant, at least when it comes to getting a new tenant. The old building will sit vacant for a long time in all likelihood while Solyndra downsizes and attempts to stay in business at their taxpayer-funded digs.

It’s an object lesson in the incompetence of politicians and bureaucrats to pick winners and losers in private markets.


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Heckuva job, Dude.

ted c on November 5, 2010 at 9:28 AM

The stimulus wasn’t big enough. The super-minority-party-of-no is to blame.

Saltysam on November 5, 2010 at 9:29 AM

On second thought, it’s Bush’s fault.

Saltysam on November 5, 2010 at 9:30 AM

Ummmm. It’s that damn Tea Party’s fault.

Saltysam on November 5, 2010 at 9:30 AM

Related- Does anyone know of a municipal all-items recycling program anywhere in the country that doesn’t operate at a loss?

rogerb on November 5, 2010 at 9:31 AM

Purposeful incompetence.

RedRedRice on November 5, 2010 at 9:31 AM

thank you california for voting ma’am back in, this state brought this upon themselves…

cmsinaz on November 5, 2010 at 9:31 AM

It’s an object lesson in the incompetence of politicians and bureaucrats to pick winners and losers in private markets.

They meant well ,that’s what counts…

the_nile on November 5, 2010 at 9:31 AM

That is insane! $535 million and NO JOBS! Betcha the probable Democrat head of the company has a swank new home.

Ugh!

AJStrata on November 5, 2010 at 9:32 AM

The old plant can be used to house at least part of the upcoming wave of homeless Californians, so they have that going for them.

Vashta.Nerada on November 5, 2010 at 9:33 AM

It’s not down the drain … it’s in someones pocket.

darwin on November 5, 2010 at 9:34 AM

He must not have effectively communicated his policies to Solyndra.

CDeb on November 5, 2010 at 9:36 AM

Great, so how much of that $535 million was pocketed by this company or spent on electing a bunch Democrats in California?

Doughboy on November 5, 2010 at 9:38 AM

It’s not down the drain … it’s in someones pocket.

darwin on November 5, 2010 at 9:34 AM

true that. The “workers” are cajoled and mollycoddled as virtuous for working at such a benevolent endeavor and then the “fat cats” make off with all of the scrumptious gravy that was ladled out by Obama et al. Check their cars, houses, accounts and everything else.

wealth. redistributed.

ted c on November 5, 2010 at 9:39 AM

The solution is, of course, to give them another $535 million.

Dhuka on November 5, 2010 at 9:39 AM

Actually, it’s even worse than that. Look at all the flat panel monitors in the photo.

My collie says:

Care to guess what those things do to the environment?

CyberCipher on November 5, 2010 at 9:40 AM

Just as I was reading this, Obama was on the television talking up “green jobs” as a solution to the economy again. Ugh.

VidOmnia on November 5, 2010 at 9:40 AM

Isn’t that the problem with green energy, the unicorn workers and pixie dust materials aren’t free?

tarpon on November 5, 2010 at 9:41 AM

This never would have happened if Glenn Beck hadn’t run the Green Jobs Czar out of the White House…

myrenovations on November 5, 2010 at 9:41 AM

In a real socialist economy, as opposed to a quasi-socialist one, both plants would have to remain open and all employees retained.

So, which one do you think unions would prefer?

Wait: did this money go to a non-union shop?!

Akzed on November 5, 2010 at 9:41 AM

Time for the Jerry Brown Golden Age to begin!

…seriously, how many months until the recall election takes place? Don’t laugh, you know it’s coming sooner or later.

KingGold on November 5, 2010 at 9:42 AM

That is insane! $535 million and NO JOBS MORE LOST JOBS THEREBY INCREASING UNEMPLOYMENT! Betcha the probable Democrat head of the company has a swank new home.

Ugh!

AJStrata on November 5, 2010 at 9:32 AM

The won is doing one heck of a job destroying jobs! Not to worry, it is California. They were all democratic voters anyway that just wanted to collect unemployment instead of working.

PrettyD_Vicious on November 5, 2010 at 9:42 AM

Solyndra was just a front operation. Just a shell to aim half a billion dollars at in the name of “green”. The end result is one thing, wealth redistribution and the initial premise is rejected. That is, that this company was created to produce products/services that would make homes/businesses more energy efficient and yield sustainable jobs for years to come. It simply wasn’t true, the true initial premise was to secure a grant of $500million, make it appear that there were products being made, then make off with the cash since there was no longer any use for the business (it had fulfilled its primary purpose).

maybe slightly hyperbolic, but these are crr6′s Democrats y’know.

ted c on November 5, 2010 at 9:42 AM

OH is this timely! Our brand new old governor just came bouncing in touting green jobs.
Maybe he’s thinking of those 175 people whose jobs are eliminated when the migrate to OR.
This green thing is a trojan horse.

ORconservative on November 5, 2010 at 9:43 AM

Dhuka on November 5, 2010 at 9:39 AM

congress better not give them one more dime

cmsinaz on November 5, 2010 at 9:43 AM

Yep, we had something like this back in the 80′s under still imprisoned Gov. Edwin Edwards. He did it instead in ethanol. Every single one of those plants went bankrupt. Only one is left standing (partially).

In one instance, an entitlement independent oil refinery (it was a Carter thing) was converted with $140 million, for what should have been a $65 million grassroots plant. Most of its capital mechanical equipment was leased! It only had enough capital to run for 6 months. Where did all that cream go?

FYI, that plant went through several bankruptcies and reincarnations, the last few of which were cellulose derived ethanol with the same company under a different name after each of those bankruptcies and the same government grants from the Feds.

Kermit on November 5, 2010 at 9:44 AM

Just as I was reading this, Obama was on the television talking up “green jobs” as a solution to the economy again. Ugh.

VidOmnia on November 5, 2010 at 9:40 AM

He mentioned the same nonsense the other day at his (de)press(ed) conference. That the American people want him and the GOP to work together on issues like energy independence, specifically citing natural gas and electric cars. Uh no, Barry. They want domestic drilling, nuclear power, and clean coal. That’s where the private sector jobs are.

Doughboy on November 5, 2010 at 9:45 AM

With public money, it’s waste, fraud, and abuse. It’s make-work, it’s who you know.

Paul-Cincy on November 5, 2010 at 9:48 AM

It’s an object lesson in the incompetence of politicians and bureaucrats to pick winners and losers in private markets.

Exactly right. There is a lot of different solar technology out there right now. Some of it will be competetive and a lot of it won’t. This was obvioulsy some of the non-competetive technology. Way to go team Obama.

bitsy on November 5, 2010 at 9:48 AM

$535 million down the drain in California in “green jobs”

I thought Prop 19 was defeated????

Rovin on November 5, 2010 at 9:48 AM

At least one business is being stimulated: Emergency Interstate Movers Co.

Lone Star on November 5, 2010 at 9:48 AM

as did Barbara Boxer

CA wouldn’t be stupid enough to reelect her, would they?

/

mankai on November 5, 2010 at 9:49 AM

Darrel Issa, are you watching this?

Let’s have us some stimulus accountability hearings. Oh wait, there’s not even enough room in Cali prisons for the violent ones…nevermind…

ornery_independent on November 5, 2010 at 9:50 AM

Liberals, it’s not your money to lose. Go play monopoly with somebody else’s money.

ClanDerson on November 5, 2010 at 9:54 AM

green jobs = no jobs

Blake on November 5, 2010 at 9:55 AM

Related- Does anyone know of a municipal all-items recycling program anywhere in the country that doesn’t operate at a loss?

rogerb on November 5, 2010 at 9:31 AM

Well, the program in my medium sized town in New Hampshire comes extremely close. But they are the exception, not the rule, as we have a higher than normal tax base due to being on a large lake. Next time I am out there I will check the “tally board” they have that shows how much money they make from recycling.

Our recycling program includes a glass crushing machine, which allows the Town to use crushed glass in making roadbeds. Using this crushed glass saves $ that would normally be spent on gravel. And our recycling center has a store where people bring junk in that they don’t want (exceptions apply of course). The proceeds from the sale of these items goes to the recycling center budget.

We do charge hefty fees for disposal of certain items however. $15 per computer monitor for instance!

Del Dolemonte on November 5, 2010 at 9:55 AM

Fremont has a robust history of bad decisions. The former GM plant there closed down in 1982 after 22 years, flooding my first trade-school classes with out-of-work former $18/hr janitors.

GM and Toyota jointly formed New United Motor Manufacturing, Inc. GM pulled out in 2009, followed by Toyota in April of 2010. In May it was announced that part of the plant had been bought by Tesla Motors to produce $100,000 electric greenmobiles – and that’s after the $7,500 federal tax credit.

First Class tickets on the Titanic, again and again.

warbaby on November 5, 2010 at 9:56 AM

Where is Joe Biden? The guy has disappeared.

albill on November 5, 2010 at 9:56 AM

“green jobs”= mechanism to redistribute wealth.

ted c on November 5, 2010 at 9:56 AM

Perhaps Obama and Boxer would choose to do this with the royalties each make from their literary enterprises.

I doubt Nancy would miss the $2.79 in royalties she made off her book.

Even if she did, she could always make it up by using her position to steer more business to her corrupt husband, while she creates obstacles for his competitors (IOW, usiness as usual for Nancy).

AZCoyote on November 5, 2010 at 9:56 AM

It did have one beneficial effect — the lobbying industry saw a major jump in business from Solyndra in 2010. Expenditures were around $150k each in 2008 and 2009; they jumped to $340k so far in 2010.

http://www.opensecrets.org/lobby/clientsum.php?lname=Solyndra+Inc&year=2010

GnuBreed on November 5, 2010 at 9:57 AM

So, what happened to the $535,000,000? Is it just gone? Is it up in smoke? Was that taxpayer money that Obama and the Democrats “invested” in green jobs that couldn’t be shipped overseas? No, it wasn’t taxpayer money. It was money borrowed on behalf of the taxpayers by the Democrats, spent by the Democrats, and blown by the Democrats on a green jobs boondoggle that was no better than taking the whole bundle of borrowed money and betting it on red at the roulette table. The bad news is that while the money has been, in effect burned, we as taxpayers still must pay the principle and interest for the next hundred years to whoever loaned us the money, meaning the Chinese and others. That will be on us, our children, our grand children etc. I hope that the politicians in California received copious contributions from the Solyndra Inc. laid off employees whose jobs couldn’t be shipped overseas.

stefano1 on November 5, 2010 at 9:58 AM

To replay Margaret Thatcher:

I think [Labour Government] they’ve made the biggest financial mess that any government’s ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people’s money. It’s quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they’re now trying to control everything by other means. They’re progressively reducing the choice available to ordinary people. Look at the trouble now we’re having with choice of schools. Of course parents want a say in the kind of education their children have. Look at the William Tyndall School—an example where the parents finally rebelled. Of course they did. These schools are financed by taxpayers’ money, but the choice to parents is being reduced.

Drained Brain on November 5, 2010 at 9:58 AM

What’s the big deal? It’s only half a billion, lunch money in the age of Obama.

Golden Boy on November 5, 2010 at 9:58 AM

The Stimulus has started to ruin movies for me.

I was watching a so-so movie called “The Island” about clones used for organ replacement being kept in a high security. A character commented that it was a $120 BILLION project.

At that point, I just kept thinking how they got human clones of Scarlet Johannsen for $120 Billion and we got crap for $700+ Billion.

Canadian Infidel on November 5, 2010 at 10:00 AM

They meant well.

Saying “I meant well” will get you fired as mail boy in a real company, but politics?

You can say “I meant well” for your entire career, screw up royally, steal money, accomplish nothing and get re-elected, time after time.

If you are a Democrat, that is.

NoDonkey on November 5, 2010 at 10:00 AM

Why do you call the energy market, “private”? Those foreign competitors, you don’t think they received fat subsidies from their home governments? You don’t think our oil industry champions receive subsidies? Could any energy company truly compete or even expand without some help?

ernesto on November 5, 2010 at 10:01 AM

Solyndra said it will also close an existing factory in the East Bay. That will leave the company with one Fremont factory, a new plant visible from Interstate 880.

Did the Obama Administration put up a sign on I-880 with an arrow pointing to the new Solyndra plant, “Green Power financed by the Golly-Gee-Whiz Act of 2009″?

Exit question: when do We the People get our money back?

Steve Z on November 5, 2010 at 10:02 AM

Perhaps Obama and Boxer would choose to do this with the royalties each make from their literary enterprises. That would have been their money to lose.

Exactly.
I would like to know how they chose the recipients of stimulus dollars.

MayBee on November 5, 2010 at 10:03 AM

At that point, I just kept thinking how they got human clones of Scarlet Johannsen for $120 Billion and we got crap for $700+ Billion.

Canadian Infidel on November 5, 2010 at 10:00 AM

Hollywood is just doing the Dems bidding by making you think you can get Scarlett Johannsen on the cheap. They make it look like a deal, and you’re more likely to go along with it in real life.

ted c on November 5, 2010 at 10:03 AM

/Democrat tard mode on

You wingnut rubes know nothing! Prop 26 going down in a landslide means that places like this will prosper, and thereby all Californians will prosper, with their soaring energy prices. With Gov. Moonbeam leading the way, California will have full employment by 2012, due to our foresight in the Green Economy.

/Democrat tard mode off

California will become a failed state, within the next 4 years.

MNHawk on November 5, 2010 at 10:07 AM

But, but, if we give them only another $500 million they could keep those factories open!

Hey give 0bama a break – he created the Slurpee Stimulus aka Slurpee-nomics!
7-Eleven May Capitalize on Obama’s Slurpee Drink Remarks

Brat on November 5, 2010 at 10:08 AM

So…..
How much of that money was diverted to the campaign funds or pockets of friends and family of the politicians involved with brokering this “Loan”?

Tony Soprano on November 5, 2010 at 10:09 AM

Hey give 0bama a break – he created the Slurpee Stimulus aka Slurpee-nomics!
7-Eleven May Capitalize on Obama’s Slurpee Drink Remarks

Yes, between that and the Bush Miss-Me-Yet? T-shirt manufacturers, we can point to a couple of areas where he’s actually helping business for a change.

Drained Brain on November 5, 2010 at 10:10 AM

It did have one beneficial effect — the lobbying industry saw a major jump in business from Solyndra in 2010. Expenditures were around $150k each in 2008 and 2009; they jumped to $340k so far in 2010.

http://www.opensecrets.org/lobby/clientsum.php?lname=Solyndra+Inc&year=2010

GnuBreed on November 5, 2010 at 9:57 AM

How much of that is carpet bombing the airwaves, with commercials that linked Carbon Dioxide, to children needing inhalers.

Yes, that is the “science” the typical Californian buys, as once again, Prop 26 went down 60-40. These are not a smart people.

MNHawk on November 5, 2010 at 10:10 AM

The purpose of omnibus spending legislation is to diffuse responsibility for both the intake, and the output of that spending. If you had to sign your name to a $535M expenditure that was a thinly disguised give away to green hucksters, you would carefully consider the possible consequences, both politically and criminally. But who do we prosecute?

Immolate on November 5, 2010 at 10:11 AM

Instead, though, they borrowed $535 million — a significant portion from China, as one might recall — in order to gamble on Solyndra while putting us on the hook for the investment.

Once again showing how absurd it is for liberals to claim they are the “smartest people in the room.”

Baxter Greene on November 5, 2010 at 10:11 AM

I know that states can succeed from the nation. Is it possible that the nation can succeed from a state? It sure would save us a lot of money.

milwife88 on November 5, 2010 at 10:13 AM

The big questions are ofcourse centering around who owns the company. How much did they give to Democrats? Does some Democrats’ family member or Democrat politician own any part of this company? Who might be looking into why public money disappeared into a void once again!

Africanus on November 5, 2010 at 10:14 AM

If only he would have given another speech the rules of economic growth would have magically changed and defied the laws of reality.

Typical progressive mindset. Up is down, down is up, right is wrong, wrong is right.

Isaih 5:20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!

And why do progressives want to reject natural order?

Jeremiah 7:26 Yet they hearkened not unto me, nor inclined their ear, but hardened their neck: they did worse than their fathers.

And what is the consequence of their rejection of Godliness and natural law?

Ezekiel 12:20 And the cities that are inhabited shall be laid waste, and the land shall be desolate; and ye shall know that I am the Lord.

And what are the progressives doing now that their follies have been exposed for all to see?

Revelations 6:16 And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb:

The war in heaven was fought over two competing philosophies. Satan’s plan guaranteed everyone would be saved at the expense of free will. Christs plan guaranteed free will. The freedom to succeed or fail on your own choices.

Conservatives are on the side of Christ and progressives are on the side of Satan. This is why progressives reject God and embrace government (man).

csdeven on November 5, 2010 at 10:16 AM

Has the media found a way to blame Palin for this yet?

victor82 on November 5, 2010 at 10:16 AM

a symbol of its “green jobs”

Unfortunately, quite true. I can’t recall anything promoted by the EnviroNazi movement that was going to “save the planet” that ever turned out to be anything but a waste of money. Anybody recall when New York City pushed their big “re-cycling” project? They created new land-fills that were some of the most prolific rat breeding areas in history. Remember in the late 1980′s when we were assured that the sure-fire big money investment for the 1990′s was going to be the “re-cycling industry”? I do, because I had friends who lost bunches of money.

Solar power has a place. In Florida we were using it 50 years ago, but its capacities have been grossly over-estimated and are unrealistic. Of course, when Emperor Obeyme is throwing MY tax dollars at his Utopian schemes, (or trips to India) money really is no object.

oldleprechaun on November 5, 2010 at 10:19 AM

Eat all you want!

We’ll make more!

Er, this is 535 million potato chips we’re talking about, right?

NoDonkey on November 5, 2010 at 10:19 AM

But, think about this.

According to SanFranNan, they are going to be making more effective use of thier money b/c we will have to pay out unemployment insurance to the laid off.

Just for us – putting $500 million into a shovel ready job w/ the added benefit of a $1.7 return on each dollar of unemployment.

What a deal. This is better than the fed making a nice, new, crisp $600 billion to give to our banks.

gonnjos on November 5, 2010 at 10:22 AM

In related new on another solar company in Ca.

http://www.humanevents.com/article.php?id=39773

“High-tech” firms were supposed to replace the “old economy” with new 21st-century jobs. It hasn’t happened.

One of those 85 California companies was Solexant, a startup solar manufacturing firm that announced its relocation to Oregon, where it will build a manufacturing plant employing 170 people to start. Even “green” companies are fleeing California.

CommentGuy on November 5, 2010 at 10:23 AM

Related- Does anyone know of a municipal all-items recycling program anywhere in the country that doesn’t operate at a loss?
 
rogerb on November 5, 2010 at 9:31 AM

 
Well, the program in my medium sized town in New Hampshire comes extremely close. But they are the exception, not the rule, as we have a higher than normal tax base due to being on a large lake. Next time I am out there I will check the “tally board” they have that shows how much money they make from recycling. 
Del Dolemonte on November 5, 2010 at 9:55 AM

 
 
I don’t understand the bold part. The recycling program either pays for itself or it doesn’t.
 
Does the tally compare itself against the total tax money required to establish, maintain, and upgrade the facilities, or is it just “we made this much by selling the metals (while not documenting what they lost in plastic bottles) last year”?

rogerb on November 5, 2010 at 10:26 AM

csdeven on November 5, 2010 at 10:16 AM

I will point out that the comments in my post that are quoted from the bible were written 1000′s of years before our current crop of progressive elitists darkened the face of our country. People like Maher who reject God have been prophesied about for millennia. Clearly more evidence that God exists and progressives are minions of Satan.

Make your choice folks. They couldn’t be more defined.

csdeven on November 5, 2010 at 10:28 AM

What I find most interesting is that, not only are they laying off people located at other sites, they are also laying off people who would have worked at the new facility.

I’m sure my new government here in California, entirely peopled by Democrats, will step up to bat and give a bunch of my hard-earned tax dollars to prop up this monument to green-ness.

unclesmrgol on November 5, 2010 at 10:32 AM

I don’t know how this country could possibly have ended up with a worse president than this one. It’s truly stunning, the horrible way they’ve handled everything. I don’t totally blame the president for this mess, though, Congress bears responsibility for passing loads of garbage on us. One can only hope that Boehner and company will put their noses to the grindstone and “roll up their sleeves” like he said in his speech and start to untangle these boondoggles.

scalleywag on November 5, 2010 at 10:34 AM

The only ones getting jobbed is the American people, and it is not a pleasant experience.

I would give CA 2 cents to buy a clue, but they would go over budget in spending it…

ajacksonian on November 5, 2010 at 10:36 AM

Economic illiteracy is the foundation of Modern Liberalism.

visions on November 5, 2010 at 10:42 AM

The same article says:

“The company’s problems raise questions about the federal government’s wisdom in giving $535 million to a company with an unproven technology,” [Shyam Mehta, analyst, GMT Resaerch] said.

Aside from the Constitutionality, government “investments” are always losers. The “investment” in our seniors’ retirements (Social security), education, jobs training, etc.etc. is why we are loaded in debt.

cartooner on November 5, 2010 at 10:43 AM

Slightly OT:

Obamacare screws New Mexico: link

visions on November 5, 2010 at 10:44 AM

Let me guess: the owners of the company are Democrat donors. They took their share of the “loan” and then closed the factory. This would be a good investigative project for a Breitbart type!

This is exactly what Obama did in Chicago when he was extorted money from banks and governments to build parks and fix slums. They’re still slums. There are no new parks.

It’s a giveaway to donors.

PattyJ on November 5, 2010 at 10:49 AM

There are a lot of different topics the next House could hold hearings on, but spending waste such as this and ‘weatherization’ should be top of the list. The 111th was able to cover this kind of BS over with the help of their media friends. The 112ths should drag the carcass out into the light and reveal its stink.

There’s so much waste, fraud and abuse from the 111th that it will thoroughly stink up the joint in the lead-up to 2012.

perries on November 5, 2010 at 10:51 AM

Someone tell us who the investors are on this fiasco. Gore and Soros? they seem to have favors lately.

seven on November 5, 2010 at 10:55 AM

This is the stuff the GOP should be screaming about because it ties together the failure of so many progressive-liberal-Democrat policies–here, stimulus, green jobs, government intervention, fill in the blank.

When asked for specific cuts, every GOP member of Congress should cite this. Then, they should respond that they need to look through the budge for other boondoggles because it adds up.

BuckeyeSam on November 5, 2010 at 10:57 AM

I live in the Bay Area and work in the real estate business. I know for a fact that Solyndra bought that 30 acre parcel of industrial land (Kato Road) in July 2009 for $25.00 per square foot.

The land is worth $10.00 today, and was worth $15.00 per foot when they bought it.

Government money to burn and the first card in Cals mandated ‘green’ ponzi scheme to fall.

EZnSF on November 5, 2010 at 11:08 AM

EZnSF on November 5, 2010 at 11:08 AM

Don’t worry about it, it’s not our money. /sarc

Paul-Cincy on November 5, 2010 at 11:18 AM

Tom Haydan (that old sixties hack) has an unintentionally hilarious article in the LA Times on how his buddy Moonbeam, along with Babs Boxer, is going to lead California into a glorious green future.

Dhuka on November 5, 2010 at 11:21 AM

You’re going to see lots of this.

We had a measure on the ballot (Prop 23) to suspend the state’s greenhouse-gas law (AB32).

Big bunch of Silicon Valley VCs threw in huge money to oppose it.

Now why on Earth would they do that?

They wouldn’t be thinking about taking our tax dollars and stuffing them in their own pockets now, would they?

No, of course not.

JEM on November 5, 2010 at 11:28 AM

What’s the big deal? It’s only half a billion, lunch money in the age of Obama.

Golden Boy on November 5, 2010 at 9:58 AM

Exactly – that only buys you 2 1/2 days in Mumbai these days.

tballard on November 5, 2010 at 11:32 AM

http://theenergycollective.com/TheEnergyCollective/60423

Has a run down of other projects where the government(DOE) has loaned/granted monies.

journeyintothewhirlwind on November 5, 2010 at 11:33 AM

perries – First priority is to drag Lisa Jackson in by the hair, shackle her to a chair, turn on the lights and grill her on every last word of every supporting document, study, and research paper involved with the EPA’s CO2 endangerment finding.

It will not stand up to the light of public scrutiny and, with a little diligence, we can bust the credibility of some of the more egregious watermelons at the EPA for a generation.

I would love to be working for one of the committees involved in this.

JEM on November 5, 2010 at 11:34 AM

Krugman is upset that the project didn’t cost $800 million.

DrAllecon on November 5, 2010 at 11:39 AM

The only “green” jobs most Americans are concerned about right now are those that pay in greenbacks…and a lot more of them the better.

That half-billion dollars tossed in the dumper for this Solyndra soylent factory, could have done a lot more good if it had been returned to the rightful owners…the tax payers who are now stuck with the bill and nothing to show for it.

When Washington comes to understand that none of it is their money…and asks permission from the rightful owners of that money if they can borrow it first, then perhaps we will be able to get this idiocracy under control.

Green jobs gonna save the economy? You got to be kidding, right?

China controls the rare earths necessary for green products fabrication and Congress shut down the remaining US rare earths facilities long ago…because mining the raw materials wasn’t green enough. How’s that for irony?

coldwarrior on November 5, 2010 at 11:59 AM

Last night I read a couple old articles about this waste of money by Barry… trying to see why he thought this was the one to invest in… I could not nail it down.
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Their approach to solar is weird. It almost seems to me that Obozo wanted to pick a loser. But my conspiracy theory also would have required the stock sale to go well… thus proping them up a couple more years. Any chance of the QEII sneaking more of our cash into this rat hole?
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This one was a nice trick.
http://www.pressofatlanticcity.com/news/press/cumberland/article_9c36fa1c-b9f9-11de-bfc9-001cc4c002e0.html
Big announcement right before Corzine got his walking papers. Millville… very depressed and leaning dem… So lets sell them a fair tale 2 weeks before the election… Oh, and make sure that the dems look like the champs who are bringing home the bacon.
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One month after Corzine lost, the deal started going south.
Promises of solar jobs is the new ’chicken in every pot’.
The deal is now just an old dream that will never come true.
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RalphyBoy on November 5, 2010 at 12:10 PM

Can we get that money back, if it’s not gonna be used for its stated purpose?

dogsoldier on November 5, 2010 at 12:14 PM

I think this might be enough to be considered grand larceny.

As a taxpayer, can I press charges?

reaganaut on November 5, 2010 at 12:19 PM

The moves mean that instead of having 2,000 workers in Fremont, Solyndra will cap its work force at 1,000, which is about the current level. Solyndra also will, over the next several weeks, eliminate 155 to 175 jobs in Fremont. That includes 135 contract employees and 20 to 40 full-time workers, said David Miller, a Solyndra spokesman.

I’m just wondering how many of these workers getting pink slips voted for Sentor Ma’ma… Just wondering to myself. How they feel about their vote now?

USMCDevilDog on November 5, 2010 at 12:20 PM

But Barbara Boxer said we were going to get green jobs that made goods that said Made in the USA again.

El_Terrible on November 5, 2010 at 12:29 PM

Stupid a**holes.

hillbillyjim on November 5, 2010 at 12:39 PM

There are very few politicians I loathe more than Boxer. The night before the election I got a robocall from Morgan Freeman asking me to vote for her. I will never pay money to see a Morgan Freeman movie again. Not even the new Batman coming out whenever.

Grayson on November 5, 2010 at 12:43 PM

Another question- What percent of this company’s energy used to produce their solar panels comes directly from solar panels? Not their office lights, not the outlets for their cell phone chargers, but used in their manufacturing facilities.
 
And did these folks have anything to do with the White House solar panels?

rogerb on November 5, 2010 at 12:46 PM

wealth. redistributed.

ted c on November 5, 2010 at 9:39 AM

And not from the rich to the poor, as is the supposed noble goal of Socialism, but from the working middle-class to the corrupt cronies of the current administration.

infidel4life on November 5, 2010 at 12:50 PM

Wednesday morning Facebook status classic:

“Taxpayers voting for Brown and Boxer is like chickens voting for Col. Sanders”

infidel4life on November 5, 2010 at 12:52 PM

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