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(The Daily Caller)   The latest solar power company to go bankrupt after burning through millions of taxpayer dollars has the balls to do it without even waiting for the required Joe Biden visit   (dailycaller.com) divider line 8
    More: Fail, Joe Biden, first solar, Weld County, house oversight committee, gold standard, U.S. Department of Energy, credit rating agencies, Abound Solar  
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1873 clicks; posted to Business » on 04 Jul 2012 at 12:27 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-04 01:57:02 PM
3 votes:
Yeah! Don't you libtards understand? That $68 million over three years could have been part of the $2.4 billion given annually to five good old American companies that really need it, including British Petroleum and Royal Dutch Shell.

That $2.4 billion is absolutely necessary for them to maintain $138 billion in profits per year. Hell, that $68 million would have paid (but barely) for the money these good, good companies spent on lobbying alone in 2011.

How dare you moonbats interfere in the free market by giving money to anything other than companies that don't need it, especially when good conservatives are all apoplectic about the deficit! And on our nation's birthday, too, God save it!
2012-07-04 12:37:57 PM
2 votes:

Darth_Lukecash:

1)china has been illegally subsidizing it's solar power companies. US must do so to remain competitive.


I fail to see the problem with this. Let them foot the bill for R&D. We can then either buy artificially cheap high quality solar panels from China or hire away their top talent and produce our own if the Chinese gov't quits subsidizing. Why remain competitive when we can eat the fruits of their labor, so to speak? China actually invented that plan... we can do it without the outright piracy.
2012-07-04 12:29:50 PM
2 votes:
So, no government dollars for private companies ever. Got it.
2012-07-05 03:50:35 PM
1 votes:

Buzzerguy: Yeah! Don't you libtards understand? That $68 million over three years could have been part of the $2.4 billion given annually to five good old American companies that really need it, including British Petroleum and Royal Dutch Shell.

That $2.4 billion is absolutely necessary for them to maintain $138 billion in profits per year. Hell, that $68 million would have paid (but barely) for the money these good, good companies spent on lobbying alone in 2011.

How dare you moonbats interfere in the free market by giving money to anything other than companies that don't need it, especially when good conservatives are all apoplectic about the deficit! And on our nation's birthday, too, God save it!


Pardon me, but your Slate/Mother Jones talking points are wrong.

We do not subsidize big oil. We dont bail out big oil or give them welfare. Big oil doesn't exist off the public teat. Yes, big oil turns massive profits yet the biggest profiteer off oil is the US government in the form of gas/diesel taxes.

Well what then, do you ask, are all of these oil subsidies we keep hearing about? Well they are actually losses, and operating expenditure that every business gets to deduct. If Shell spends $1m to explore a shale in the gulf and it turns up dry, they are allowed to write that off as a loss just as a McDonalds franchise owner who owns 20 stores gets to write off the losses against a store that failed.
In this thing we call business, a company has earnings, then pays its liabilities and is assessed a tax on their total profit.

The progressive mindset is that anything an individual or company makes is first property of the state, then per the tax rate, the citizen or company is allowed to keep some of it. They think that allowing an oil company to reduce its tax liability by writing off losses against profits is "welfare" when it isn't.
2012-07-04 05:54:43 PM
1 votes:

Hot Carl To Go: Darth_Lukecash:

1)china has been illegally subsidizing it's solar power companies. US must do so to remain competitive.

I fail to see the problem with this. Let them foot the bill for R&D. We can then either buy artificially cheap high quality solar panels from China or hire away their top talent and produce our own if the Chinese gov't quits subsidizing. Why remain competitive when we can eat the fruits of their labor, so to speak? China actually invented that plan... we can do it without the outright piracy.


Because when China has put its competitors out of business, it controls the supplies completely and can dictate price or restrict supplies to punish competing countries. Or have you forgotten about how China has already done this for the rare earths industry?
2012-07-04 10:42:45 AM
1 votes:

EvilEgg: Next up. Subby asking Why is China kicking our ass in renewable energy?


My link above was broken so to answer the obvious question: Link
2012-07-04 10:39:08 AM
1 votes:
Next up. Subby asking Why is China kicking our ass in renewable energy?
2012-07-04 09:16:22 AM
1 votes:
This is why we can't have nice things.

Thank you President Obama for wasting more of my money. What next, a bloated and unsustainable welfare program?

Oh yeah, we already did that one.
 
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