Sunday, September 18, 2011

Solyndra: The Final Government Failure Frontier, Where No Failure Has Gone Before

"Ex-employees of the failed solar panel company Solyndra have applied for aid under the federal government’s Trade Adjustment Assistance program, the Labor Department has confirmed.

If approved, the employees of what was once touted as a leading exemplar of the White House’s green jobs program will be eligible for more federal funds to enable them to be retrained for other jobs.

It would be an ironic coda to the saga of Solyndra, which manufactured solar panels and received $527 million in loan guarantees from the Energy Department and praise from President Obama during visits to the firm’s California headquarters. Now those green workers will be seeking the government’s help to find work again and not necessarily in the conservation jobs sector". (1)

"So to recap: massive government subsidies created 1,100 "green jobs" that never would've existed but for those massive government subsidies. And when those fake jobs disappeared because the subsidized employer company couldn't compete in the market, the workers blamed China (instead of what's easily one of the worst business plans ever drafted) in order to receive... wait for it... more government subsidies." (2)

Update 09/28/2011:


(1) Ex-Solyndra Employees Now Applying For Trade Adjustment Assistance, Sean Higgins , Capital Hill, IBD's Politics and Markets Blog

(2) Behold, The Circle of Government Life, Dr. Mark Perry, Carpe Diem blog

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