{"id":10955,"date":"2011-09-01T09:34:00","date_gmt":"2011-09-01T13:34:00","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=10955"},"modified":"2011-09-01T09:34:00","modified_gmt":"2011-09-01T13:34:00","slug":"it-is-rather-amazing-how-fast-solyndra-wasted-over-half-a-billion-us-taxpayer-dollars","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2011\/09\/01\/it-is-rather-amazing-how-fast-solyndra-wasted-over-half-a-billion-us-taxpayer-dollars\/","title":{"rendered":"&#8220;It is rather amazing how fast Solyndra wasted over half a billion US taxpayer dollars&#8221;"},"content":{"rendered":"<p><a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/2011\/08\/obama-spent-535-million-on-solyndra.html\" target=\"_blank\">Mike &#8220;Mish&#8221; Shedlock<\/a> looks at the breakneck pace of loss at Solyndra, a solar power company that just went bankrupt:<\/p>\n<blockquote>\n<p>The federal government should get out of the business of picking technology and &#8220;green&#8221; winners. Government backing of alternate energy companies has been nothing short of disastrous.<\/p>\n<p>A solar energy firm touted by the administration in 2010 as a as a &#8220;<em>gleaming example of green technology<\/em>&#8221; today announced bankruptcy. 1,100+ employees will be fired. <\/p>\n<p>[. . .]<\/p>\n<p>The &#8220;seen&#8221; math is simple enough. $535 million divided by 1,100 is roughly $486,363 per job saved, now job lost.<\/p>\n<p>That is just the &#8220;seen&#8221; consequence. The &#8220;unseen&#8221; consequences are not directly calculable but by giving Solyndra money, other companies that the free market would have preferred have been harmed, perhaps permanently harmed.<\/p>\n<p>Although Obama clearly rushed this pathetic company for a nice photo-op, this is not a simple case of the president failing to do his homework as the GAO implies. The government has no business promoting this kind of crap in the first place.<\/p>\n<p>In this case, it is rather amazing how fast Solyndra wasted over half a billion US taxpayer dollars, so fast I suspect fraud. <\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Mike &#8220;Mish&#8221; Shedlock looks at the breakneck pace of loss at Solyndra, a solar power company that just went bankrupt: The federal government should get out of the business of picking technology and &#8220;green&#8221; winners. Government backing of alternate energy companies has been nothing short of disastrous. A solar energy firm touted by the administration [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[65,84,15,13],"tags":[640,158,194,95,379],"class_list":["post-10955","post","type-post","status-publish","format-standard","hentry","category-environment","category-government","category-technology","category-usa","tag-alternativeenergy","tag-barackobama","tag-fraud","tag-jobs","tag-stimulus"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-2QH","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/10955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=10955"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/10955\/revisions"}],"predecessor-version":[{"id":10956,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/10955\/revisions\/10956"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=10955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=10955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=10955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}