Another one bites the dust

President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion
bailout for his company, BrightSource, through a loan guarantee issued by a former
employee-turned Department of Energy official.
 
Just to add insult to our injury ...

The Labor dept is now going to allow about $13,000 in federal aid to every Solyndra worker who lost their job after their company swindled the American taxpayers out of $529 million.

SOURCE

Labor Department Allows Ex-Solyndra Workers to Apply for Federal Aid

Published November 22, 2011 | FoxNews.com

WASHINGTON – Hundreds of workers who were laid off by the bankrupt solar firm that received $528 million in taxpayer support are eligible for additional federal aid, the Labor Department has ruled.

The potential benefits for laid-off Solyndra workers would fall under a program known as "trade adjustment assistance." The taxpayer-backed benefits are supposed to help workers who lost their jobs presumably because production was shifted overseas.

In a Nov. 18 decision, the Labor Department ruled that former Solyndra employees meet the criteria. Echoing an argument that has been made for months by Energy Secretary Steven Chu and other Obama administration officials, the department determined that Solyndra's workers were hurt by foreign competition.

"Customer and aggregate United States imports of articles like or directly competitive with the cylindrical solar panel systems by Solyndra LLC have increased," the department said, adding that the imports "contributed importantly" to the firings.

Michael Jaffe, an officer in the Office of Trade Adjustment Assistance, determined that "all workers" at Solyndra who lost their jobs since September 2010 are eligible to apply for the aid.

Sen. Orrin Hatch, R-Utah, who has been critical of the TAA program, had for months warned that former Solyndra workers might sign up for the benefits. His office decried the Labor Department's recent decision.

"This is an embarrassment and shows that TAA is a program of questionable merit," Hatch spokeswoman Julia Lawless said in an email Tuesday.

But the Obama administration has argued that, while they are disappointed with the outcome of Solyndra, the company fell victim to global market forces -- officials say a glut of solar panels out of China, coupled with slackening demand in Europe, drove down the price of panels and helped put Solyndra out of business.

But congressional Republicans investigating the Solyndra loan guarantee note that questions were being raised about Solyndra's finances early on.

Chu conceded at a recent congressional hearing that he doesn't expect taxpayers to get much of their money back from Solyndra as the company goes through bankruptcy proceedings.
Click to expand...
 
no shit! why the fuck would anyone want to support american investment in technologies that may help us avoid an energy war with the chinks? you ever wonder what's going on with the chinese dominance of solar panels? think it might be a good idea for us to develop alternatives and not be totally dependent on them for the key resources to make panels? gee, all this talk about risk and market forces really hasn't sunk in, has it? besides, why attempt strategic investment when we could spend more money giving israel fighter jets that we're now scrimping ourselves on.

the United States and Israel announced in August 2010 that Israel will
purchase 20 F-35s at a cost of $2.75 billion, which will be paid for entirely with FMF grants (our money).

shit if we let people like youz all run the country we'd still be scraping bat guano from rocks off the peruvian coast to power our recently horseless buggies. and speaking german. but then, you'd prolly like that.
 
its time for a lynchin'

we don't need no steenkin solar panels

we need to ram a pipeline up Canada's ass
and suck em dry while drilling a big ol hole in Alaska
and suckin' out every last drop of oil

then we can dig up more coal and relax pollution standards
for coal fired power plants and tell them if they wanna build
any Nuclear power plants they can do it to their hearts content

Minx we ain't fallin' fer yer commie props-o-ganda
 
and all of it done by evil private corporations
without using money borrowed from the ChiComs
or funds extorted from the American taxpayers at the point of a gun
and it won't add a penny to the public debt and shit guess what lil jonny
it will provide shit shoveling ready jobs right now yo
 
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