Excellent article. The problem is that market dislocations caused bygovernment involvement in business ventures has absolutely no meaning to people like Obama.
From a May, 2010 report, “Just building Solyndra’s factory and offices created 3000 union construction jobs and paid more than $ 90 million in wages”. And construction wasn’t even finished yet. Think of the 2012 election campaign money this crap will bring in from unions.
http://www.ibabuzz.com/politics/2010/05/26/about-the-worker-kerfuffle-at-solyndra/
Good observation Harold. I saw the two main buildings being worked on, and knowing the engineering realities of solar electric, knew, from another perspective, that it was a boondoggle. Then, as the months passed, and the parking lots never filled up, my suspicions were confirmed.
You won't hear it from the media, but Silicon Valley is a ghost town. Try Austin, or Shanghai, or Bejing to see what Silicon Valley used to look like. Every other building complex has “For Lease” signs, and the signs will remain. With our tas structure, our energy costs, guaranteed to “necessarily skyrocket,” and the housing costs still high, as sellers try to wait out the change, there will be no resurgence of the free enterprise which Silicon Valley epitomized.
Anyone who knows the reality of solar electic roi (return on investment) seeing a low-tech manufacturing facility being built in the middle of Silicon Valley (well-Fremont, the extension of the Valley), knows something is wrong with this picture.
Solyndra was just as absurd as the $100,000 electric Lotus being manufactured in the enormous Nummi plant, abandoned when even the blatant blackmail job perpretrated by Obama’s Transportation Safety Commission, headed by a self-described Marxist, cooked up the Toyota sticky accellerators, and later, the vagrant Toyota floor mats, to force Toyota to keep the only union Toyota union shop afloat at a loss. That would guarantee union money (money is all that counts in California, with its enormous illegal immigrant voting block, and its enormous number of SEIU employees. The SEIU employees can't lose their jobs to illegals, but the private small businesses, who pay the SEIU employee salaries, are now forbidden from even asking for proof of citizenship.
It is encouraging to see these leeches destroy themselves, but unfortunately, their destruction comes at the expense of our economy. Too bad the union employees, many of whom are skilled tradesmen, have been co opted by those whose founder told us “from each according to his ability and to each according to his need”.