No Responses to “So Maybe In The Iib Model Govt Could Give The Poor A Salary Of Say 50k,they Could Spend It,add To The Economy,?”

1. Reasonin says:

   January 7, 2013 at 8:55 am

   If their azz clown president would have given them all the cash he blew on all his failed “Green Energy Failures” , we wouldn`t hear a peep out of them ! . Obama absolutely gave away billions and billions of our taxpayer dollars , and it is gone forever with no chance ; “NO CHANCE” of ever getting it paid back !!!!!!!!!!!!!!!!!!!!!!!!
   President Obama’s Taxpayer-Backed Green Energy Failures…………….
   It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.
   The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market.
   So far, 34 companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
   The complete list of faltering or bankrupt green-energy companies:
   1.Evergreen Solar ($25 million)*
   2.SpectraWatt ($500,000)*
   3.Solyndra ($535 million)*
   4.Beacon Power ($43 million)*
   5.Nevada Geothermal ($98.5 million)
   6.SunPower ($1.2 billion)
   7.First Solar ($1.46 billion)
   8.Babcock and Brown ($178 million)
   9.EnerDel’s subsidiary Ener1 ($118.5 million)*
   10.Amonix ($5.9 million)
   11.Fisker Automotive ($529 million)
   12.Abound Solar ($400 million)*
   13.A123 Systems ($279 million)*
   14.Willard and Kelsey Solar Group ($700,981)*
   15.Johnson Controls ($299 million)
   16.Brightsource ($1.6 billion)
   17.ECOtality ($126.2 million)
   18.Raser Technologies ($33 million)*
   19.Energy Conversion Devices ($13.3 million)*
   20.Mountain Plaza, Inc. ($2 million)*
   21.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
   22.Range Fuels ($80 million)*
   23.Thompson River Power ($6.5 million)*
   24.Stirling Energy Systems ($7 million)*
   25.Azure Dynamics ($5.4 million)*
   26.GreenVolts ($500,000)
   27.Vestas ($50 million)
   28.LG Chem’s subsidiary Compact Power ($151 million)
   29.Nordic Windpower ($16 million)*
   30.Navistar ($39 million)
   31.Satcon ($3 million)*
   32.Konarka Technologies Inc. ($20 million)*
   33.Mascoma Corp. ($100 million)
   *Denotes companies that have filed for bankruptcy.
   The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
   The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.

2. R J says:

   January 7, 2013 at 3:08 pm

   That’s a great idea but Obama said he would cut the deficit in half and doing that would make it hard, oh wait he said he would do that the first time he ran, my bad. But if you give them 50 K then wouldn’t they be “ultra rich” people. lol Have a great day.
   This episode of Car 54 sorta tells what happens with their money.http://www.youtube.com/watch?v=vlVnZPkwJ…

3. Khan says:

   January 7, 2013 at 6:57 pm

   i found your friends:
   (they seem too good for you)http://www.onepeoplesproject.com/index.p…

4. bash says:

   January 7, 2013 at 11:46 pm

   While liberals haven’t proposed that idea, it is certainly a better idea than your 30 year disaster of an economic plan. Trickle down doesn’t work. It’s never worked.

5. Vito1964 says:

   January 8, 2013 at 1:08 am

   It’s not my responsibility to pay WalMart’s employees.
   Here’s a crazy idea, how about employers pay their own employees enough for them to live AND pay taxes?

6. Me Ne Frego says:

   January 8, 2013 at 2:38 am

   Yes some representing the liberal position seem to believe that dollar amounts equate to actual wealth. That is clearly a zero sum game.

7. Obama's Gravy Train says:

   January 8, 2013 at 2:45 am

   We’re already paying close to per person in entitlements – might as well get some good out of it.

8. March2 says:

   January 8, 2013 at 8:38 am

   That’s your suggestion…why try to blame Liberals?

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