Taxpayers will likely shell out another $14.3 million in federal aid to the 1,100 people formerly employed by defunct solar company Solyndra. The Labor Department announced Monday that it had approved Trade Adjustment Assistance payments for those former employees, which may pay out about $13,000 for each.
TAA is designed to compensate American workers laid off as a direct result of foreign competition, and to train them for other occupations – though the program has shown few signs of success. The Labor Department’s move is a tacit assertion that Solyndra’s failure was due to competition from the Chinese, which has been the administration’s and congressional Democrats’ position since Solyndra declared bankruptcy in August.
But the claim hardly holds water.
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