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Fury over Solyndra loan threatens to sunset solar investments
The Hill ^ | September 18, 2011 | Andrew Restuccia

Posted on 09/18/2011 3:25:32 PM PDT by jazusamo

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The GOP had better follow through on this threat and shut these subsidies down.
1 posted on 09/18/2011 3:25:37 PM PDT by jazusamo
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To: jazusamo
Given the fact several "green" companies financed through the American Recovery and Reinvestment Act of 2009 have already gone bankrupt, the failure of Solyndra may be the last straw for the Republicans in the House--don't be surprised the Democrats "pull the plug" on many "green" company subsidies to protect themselves!
2 posted on 09/18/2011 3:31:06 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: jazusamo
>

The gubmint Truth Department has been working overtime, but the crap they're producing just won't fly. A "multi-trillion dollar industry" that can't make a dollar on its own. Right.

3 posted on 09/18/2011 3:31:23 PM PDT by hinckley buzzard
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To: jazusamo
First, the damn government has no constitutional authority to tax people and give it away to the crony friends of half-ass politicians. But I have no hope, that the current republican leadership sees anything wrong, since they have done the same thing many times.
4 posted on 09/18/2011 3:35:12 PM PDT by org.whodat (so Perry's purchase price starts at $5001.00: and $29,000 , was a sell.)
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To: hinckley buzzard

Correct. If it had the potential of being a multi-trillion dollar industry billionaires couldn’t invest money in it fast enough. As it is they want the taxpayers to finance the R&D then invest if it looks promising.


5 posted on 09/18/2011 3:39:26 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

The argument that the USA needs to compete with China in producing solar panels is suspect.

If China can produce solar panels for 1/2 our cost, then solar electricity might become competitive in the USA relative to fossil/nuclear/hydro.

No the reason Obama wants solar manufacturing is to reward his supporters like he did in Solyndra.

I have big doubts that solar will ever be competitive, but if China produces the panels for 1/10 our cost and that makes solar power competitive, who cares?


6 posted on 09/18/2011 3:40:39 PM PDT by Presbyterian Reporter
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To: jazusamo

“”Shiao said the demand for solar is growing in the United States, noting that the number of solar installations doubled from 2009 to 2010 and is expected to further increase in 2011.

“The demand side is very bright,” Shiao said.”””


The only reason the demand is bright is from the huge government expenditures to buy or subsidize solar energy.

Without Obama socialism solar energy would be nothing.


7 posted on 09/18/2011 3:43:38 PM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

I agree. The chance of solar energy becoming competitive is slim and the initial cost of the panels is only a part of it.


8 posted on 09/18/2011 3:44:57 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: org.whodat

As taxpayers wise up to these money wasting shenanigans and come clamoring to the government to stop it, the GOP will hear before Democrats even acknowledge that anybody is speaking.


9 posted on 09/18/2011 3:45:45 PM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: steelyourfaith

Ping.


10 posted on 09/18/2011 3:46:26 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: jazusamo

It would take a lot of area to deploy practical solar collection. A building typically needs a lot more energy than it gets as sunlight on its exterior. The deserts might be a handy place to do this, as the skies are seldom cloudy and few people care about the view, but environmentalists would have kittens about what all this new shade would do to rare twisty cactuses and armadillos and the like. We’d be talking many square miles of the stuff, I’d think.


11 posted on 09/18/2011 3:48:59 PM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: Army Air Corps; golux; tubebender; Fractal Trader; Genesis defender; 4horses+amule; Carlucci; ...
Thanx for the ping Army Air Corps !

 


Beam me to Planet Gore !

12 posted on 09/18/2011 3:53:38 PM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: HiTech RedNeck
You nailed it on the deserts and the enviro-nazis, it's already happened.

The company name escapes me now but they wanted to put in a large solar field east of Barstow. That is desolate and in the middle of nowhere, perfectly suited for a solar field.

The enviros raised so much hell about desert animals (I believe the tortoise was one) and plants the company gave up rather than fight them.

What most people see in a desolate desert is sacred to enviro-nazis.

13 posted on 09/18/2011 3:57:35 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo
No government should be subsidizing full-scale implementation of an unproven (or proven, for that matter) technology.

There is some justification for governments to sponsor basic R&D — including research that might lead to valuable patents.

Otherwise, government should stick to its knitting:
* using diplomatic muscle to ensure that competing nations respect patents;
* regulatory reform, to remove barriers;
* providing basic infrastructure;
* providing training and education for the future solar workforce (even that shouldn't be exclusively a government undertaking).

14 posted on 09/18/2011 4:00:08 PM PDT by USFRIENDINVICTORIA
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To: jazusamo
Political fury over a failed $535 million loan guarantee to an Obama administration-backed solar company is threatening to poison the well for future green investments.

If true, could be some of the best $500 million the government has ever thrown away.

15 posted on 09/18/2011 4:01:57 PM PDT by Balding_Eagle (Overproduction, one of the top five worries of the American Farmer each and every year..)
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To: USFRIENDINVICTORIA

I could see investing some money in R & D. But investing money in the current technology????? It’s just like throwing money down the sewer!


16 posted on 09/18/2011 4:18:37 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: jazusamo

“Make your meter spin backwards!” LOL!


17 posted on 09/18/2011 4:37:54 PM PDT by familyop (cbt. engr. (cbt), Army NG, '89-' 96)
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To: org.whodat

You’re exactly right. What the hell are these people doing standing around while zero STEALS our money and gives it to his friends????

Wait - it isn’t our money ..... it’s our kids and grandkids money that they borrowed from China before they were born.

What is worse than Obama doing this is the GOP not SCREAMING from the rooftops about this.


18 posted on 09/18/2011 4:40:40 PM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: jazusamo

This solar garbage is purely experimental anyway. There is no good battery to save the energy produced. Until there is, this is just alchemy


19 posted on 09/18/2011 4:44:41 PM PDT by yldstrk (My heroes have always been cowboys)
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To: Aria

The GOP is in on the game, hello. Look, when it’s rotten from the top down, it’s all rotten.


20 posted on 09/18/2011 4:45:50 PM PDT by yldstrk (My heroes have always been cowboys)
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