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All this seems political as well. There was no need for the US government to enter the solar business.Of course there should be some flex in your expectations of your material goods but being held responsible for a collapse... that's not something that business plans generally can predict.
Here's a Forbes article on the chinese dumping that hurt solyndra
I think you are mistaken as to the issue. The problem with Solyndra is that it is an example of how A) governments are lousy investment capitalists from an ROI perspective and B) that is not least because they tend to give money to their friends.
while i cannot speak for all governments, the federal financing program i spent my career within helped launch the likes of AOL, FedEx, Nike, Intel, Winnebago, and Ben & Jerry's
there were a lot of failures, too. and i often wonder how many applications we declined that could have been potential major successes if we only had a better insight into their prospects
In the 80's Erskine Bowles commissioned an audit of this federal business lender, SBA. in terms of tax revenues from the businesses and their additional employees, those who were working only because of the provided government financing, that agency was a net revenue generator
when i began my career, i was a large "L" Libertarian, opposed to government intervention in most things. when i ended my career i had become a democratic socialist, after observing first-hand how well run government can provide widespread positive impact for huge numbers of our citizens
so, no, i would want you to show us proof that those in government tend to fund their friends
...Abstract
This paper investigates the relation between corporate political connections and government investment. We study various forms of political influence, ranging from passive connections between firms and politicians, such as those based on politicians’ voting districts, to active forms, such as lobbying, campaign contributions, and employment of connected directors. Using hand-collected data on firm applications for TARP funds, we find that politically connected firms are more likely to be funded, controlling for other characteristics. Yet investments in politically connected firms underperform those in unconnected firms. Overall, we show that connections between firms and regulators are associated with distortions in investment efficiency....
A zillion other companies? Then the names of these companies should be made public and explained how giving them public money has benefited the taxpayer. Is Barack Obama too modest to pint out his zillions of business successes?
Most places do nor require nor benefit from unions these days. It's an archaic labor method that's outlived it's usefulness in most cases.
The government is giving out ' business loans' but know nothing about business? And you seem to feel that a failure rate of 50% is a good thing because it has been going on "for decades"?The government isn't "in the business". It's a guaranteed DOE business loan. The government doesn't own or run anything of the business. They've been giving these business loan guarantees to the nuclear industry for decades which has a 50% loan fail rate according to a 2003 CBO study. There was no complaining then.
The government is giving out ' business loans' but know nothing about business? And you seem to feel that a failure rate of 50% is a good thing because it has been going on "for decades"?
I suppose it's not such a bad thing if you feel somebody else is paying for all of this.
Did you want me to bitch about that? There may be dozens of things I bitch about that I don't necessarily share with you, and this particular discussion did not involve nuclear reactors. I cannot possibly list all the government waste which goes on, including nuclear.No... my point is that you never bitched about a 50% failure rate of nuclear reactors getting loans... just when it's solar because you can make solar more politically advantageous to whine about.
I asked you to provide that list??Also, I noticed you cut out my link in your reply to me and failed to even mention a thank you for providing EXACTLY what you asked for. Evidence of others getting the loans. You are welcome.
Since we've boosted trade with China we've adopted free trade while they've opted for protectionism. They put tariffs on US goods like cars coming into their country and then dump goods on us of items that are not only crap but destroy an economic sector for a while.
This is what happened o Solyndra. They had a solid business plan where the production of solar panels were based on X amount of watts created per x amount of dollars. China flooded the market with solar panels that were predominantly garbage but it drove the price per watt down way below Solyndra's business plan which not only killed them but really set back the sector hard as their trash solar panels then were predominantly flawed but the economic damage had been done.
But back to your point, we shouldn't cheat like china does with dumping and that ****ing currency manipulation they've been illegally doing forever but tariff their goods at least until they stop cheating with these methods. We looked the other way and went free trade and along with cheating, China went protectionism and their economy exploded.
China was much more protectionistic until a generation or two ago. Their economy exploded because they're a huge country with vast resources that had been holding itself back for centuries before finally starting to adopt some capitalistic strategies.
China did not "opt for protectionism" over the past 30-50 years. China was much more protectionistic for centuries until just a generation or two ago. Their economy exploded because they're a huge country with vast resources that had been holding itself back for centuries before finally starting to adopt some capitalistic strategies.
You cannot cite China as an example of an economy that exploded thanks to protectionism. The Chinese economy exploded thanks to abandoning protectionism.
China didn't opt for free trade. They opted that they trade with the US whole we are bound by free trade policies and they don't. That is far more protectionist than us. That is why their economy exploded.
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