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Demand for the product has waned as government credits for the use of photo voltaic energy sources in Europe has dried up.

Also, current supply for solar products worldwide is more than double the demand, so there is no need to make more, Paulson said.

So, let me get this straight. We artificially influenced demand with government incentives, then artificially influenced supply with unsound loans to a variety of suppliers, and now we're shocked that it's all screwed up. Well, color me shocked!

1 posted on 11/03/2011 12:19:52 PM PDT by PDMiller
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To: PDMiller

The laws of economics will not be broken, no matter what government tries to do...........


2 posted on 11/03/2011 12:26:47 PM PDT by Red Badger (Obama's number one economics advisor must be a Magic Eight Ball.................)
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To: PDMiller

How many millions did the taxpayers sink down that rathole?


3 posted on 11/03/2011 1:16:28 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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Celebrate Jim's Birthday!

Click On The Balloons And Party!

8 posted on 11/03/2011 2:27:04 PM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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