If you watched this speech 15 months ago and did NOT know beyond any shadow of doubt that it would turn out this way, raise your hand…then smack yourself in the face with it.
http://www.reuters.com/article/2011/08/31/us-solyndra-idUSTRE77U5K420110831
I wouldn’t be surprised if more insanity is to come, when Obama reveals his “jobs plan”. That company had 1100 employees and the government put in $535 million. At over $400,000 per employee that is a huge subsidy even if the place had not gone bankrupt in under two years!
I wouldn’t be surprised if more insanity is to come, when Obama reveals his “jobs plan”. That company had 1100 employees and the government put in $535 million. At over $400,000 per employee that is a huge subsidy even if the place had not gone bankrupt in under two years!
Right? If I recall correctly, that was with his(the ceo’s) plan to hire a little over 100 people. $400k(ironically, the same pay as the president) as a straight check for a make work program would have made more sense. I never cease to be amazed at how little the meddlers understand business. Assuming that it’s true that they don’t and they are not intentionally evil, of course.
Ofcourse, the way to keep up with global competiteros is to pay the company a lot of money for the same amount of work despite the fact that no one wants to buy their prroduct. There’s no flaw in that argument at all.