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I know I probably shouldn't bring it up; but.....
Topic Started: Oct 17 2012, 04:04 AM (413 Views)
Summer
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Banandangees
Oct 17 2012, 07:26 AM
Another (record) update:

http://www.reuters.com/article/2012/10/16/a123systems-bankruptcy-idUSL3E8LG3XO20121016

Quote:
 
The U.S. Department of Energy allotted about $90 billion for various clean-energy programs through the administration's stimulus package. Of that, at least $813 million went to energy companies that eventually filed for bankruptcy, including the grant to A123 and a loan to solar panel maker Solyndra.

Johnson Controls, which supplies lithium-ion batteries to a number of vehicle manufacturers, also received a $299 million grant under the same program. A123 has tapped $132 million, or about half, of its U.S. grant, the DOE said.


You mean Johnson Controls bought A123 with tax payer money??

In a floundering economy, that figure of 813 million of 90 billion doesn't sound too bad.

What is that? Better than 90 percent that have not?

popcorn
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Neutral
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??
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jackd
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Quote:
 
State-Funded Massachusetts Solar Company Goes Bankrupt.
Mitt Romney will have some explaining to do soon about an endeavor that failed in Massachusetts after receiving support from Romney’s administration. The Boston Herald reports today that Konarka Technologies, a solar panel developer that received Massachusetts state funds, filed for bankruptcy yesterday. The company had been around for eleven years but filed for Chapter 7 bankruptcy yesterday and laid off all its workers, immediately ceasing operations.
Romney, as governor, had provided $1.5 million in a renewable energy subsidy to the company.
And given Romney’s decision to subsidize the company, one can imagine it won’t be too long before supporters of the President begin drawing connections between one solar company and the other, asking whether Romney would invest in a similar endeavor in the future.

:smoker:
Edited by jackd, Oct 17 2012, 08:06 AM.
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retired
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jackd reminds of my law firm which i rarely use. Always got the right answers to my questions. Brewster ain't bad either. Why do us Americans B.S. so much. Must be a hatred thing. angrysmile
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Berton
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jackd
Oct 17 2012, 08:04 AM
Quote:
 
State-Funded Massachusetts Solar Company Goes Bankrupt.
Mitt Romney will have some explaining to do soon about an endeavor that failed in Massachusetts after receiving support from Romney’s administration. The Boston Herald reports today that Konarka Technologies, a solar panel developer that received Massachusetts state funds, filed for bankruptcy yesterday. The company had been around for eleven years but filed for Chapter 7 bankruptcy yesterday and laid off all its workers, immediately ceasing operations.
Romney, as governor, had provided $1.5 million in a renewable energy subsidy to the company.
And given Romney’s decision to subsidize the company, one can imagine it won’t be too long before supporters of the President begin drawing connections between one solar company and the other, asking whether Romney would invest in a similar endeavor in the future.

:smoker:
Eleven years ago as compared to 3 years ago. Not much of a comparison there.

$1.5 million eleven years ago compared to $249 million from Obama. Not much of a comparison there either.

Lots of apples and oranges but apologizing for Obama like that doesn't get the job done.

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