Taxpayers don't get ripped off by workers going slower than they normally would.. You'd know that if you knew anything about contracts.
Government contracts call for the work to be completed by a specified date. Go beyond that, and the company has to pay. So, if they are standing around, that's the company's fault and the company pays in the end.
CriticalBill wrote: I have a good friend who works on a governmennt project...
I think you meant "government"?
Well, there you have it... When you can't win with real statistics and real numbers, then trot out the "I have a good friend..." argument. Works every time. The anecdotal evidence of one "like-minded" Kool-Aid drinking "good friend" trumps all real numbers...
Solyndra LLC, the Obama example of new green energy, is going under after over $600 million from the Feds. This follows after Evergreen Solar goes bankrupt. When will the latest Obama scam come to light?
Spectrwatt also filed 4 days after Evergreen. Government funding, tax breaks and it still isn't cost effective or competitive. How much have these companies contributed to the Odildo re-election?
gmule wrote: Now that those projects are complete where are those jobs?
are they complete? I saw a lot of ongoing construction just a few weeks ago, all with the "stimulus" signs. One does have to wonder what unemployment would be at if we hadn't had the stimulus.....I'll bet those who are working on projects funded by the stimulus are pretty happy campers.
One has to wonder as well whether the SwindleUs would have been necessary at all without the government and its policies first stimulating the creation and expansion of the bubble that burst making it necessary to bail out Fannie and Freddie along with all the private enterprises they sold their mortgage securities backed by the full faith and credit of the United States taxpayer to.
One wonders if the government hadn't meddled in the accounting rules to such a large extent in the wake of Enron if those financial institutions would have been required to remove the entire mortgage security from their asset column which then placed them outside the government parameters of the required asset/loan ratios; which made it necessary for the government to make good on the guarantees before they selectively defaulted on the full faith and credit of the federal government. Perhaps if the government hadn't tried to make home ownership the next charity entitlement for the low income families the lending standards would not have been lowered to match what Fannie and Freddie were doing as a result of the federal requirement that half of the loans they purchased be ones to low income families or areas of community redevelopment. One wonders if the federal government had never stuck its nose into the tent of guaranteeing loans in the first place if there would have ever been a mortgage bubble to burst at all. I can understand, to a certain extent, guaranteeing loans for honorably discharged members of the armed services - but that guarantee should have never been extended beyond that narrow swath of citizens to begin with.
One wonders what in the world we are thinking when we allow the federal government to consolidate more and more power and control within itself - at least this one wonders that.
Obama's job plan 1.0 ...... I can't wait for version 3.1
WASHINGTON — A California solar-panel manufacturer once touted by President Barack Obama as a beneficiary of his administration's economic policies — as well as a half-billion-dollar federal loan — is laying off 1,100 workers and filing for bankruptcy.
Solyndra LLC of Fremont, Calif., had become the poster child for government investment in green technology. The president visited the company in May 2010 and noted that Solyndra expected to hire 1,000 workers to manufacture solar panels. Other state and federal officials such as former Gov. Arnold Schwarzenegger and Energy Secretary Steven Chu also visited the company's facilities.
But hard times have hit the nation's solar industry. Solyndra is the third solar company to seek bankruptcy protection this month. Officials said Wednesday that the global economy as well as unfavorable conditions in the solar industry combined to force the company to suspend its manufacturing operations.
The price for solar panels has tanked in part because of heavy competition from Chinese companies, dropping by about 42 percent this year.
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