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What happened to all of the doom and gloom economic threads?
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jeninflorida
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this is awesome, a bot that's more of an STD
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LAWLZ
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Hey dumbfuck, you're talking to a bot.
mercury14
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Oh lookie Merc, the jobless numbers are being adjusted upwards, who coulda known??????? California was have reported this week.
So it's just like I said it would be when I found out that Cali reported only their weekly, not quarterly numbers - and that they would do so this week.
mercury14
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RobDownSouth
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I'd point out that the 4-week moving average is still trending down, but I seriously doubt they'd understand the significance of that....
....it's amazing how they don't understand concepts like "moving averages" yet still manage to time the market and/or make money speculatin' in gold.
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Sean Renaud
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At the present trend how long will it be before we got back to where we were? Will it be before 2025?
I wouldn't count on it getting back to where we were in the foreseeable future.
IrezumiKiss
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LAWLZ
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Why do you always gloss over the fact that the person in charge of the BLS Numbers is a Republican?
And it's no surprise the bot outsmarted you.
Sean Renaud
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On what phony shit? That things are moving in the right direction and a combination of Republican obstructionism, American Pride and technology are making this very difficult.
Adre
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Why do you always gloss over the fact that the person in charge of the BLS Numbers is a Republican?
And it's no surprise the bot outsmarted you.
But, but, but...he's a RINO!
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Sean Renaud
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Yes, "we are running on a trend that will dig us out of this hole in ten twelve years or so."
Oh, you think he should be a moron and tell the truth. Why isn't Romney running on that? If he truly had a plan he would have revealed it so I have no reason to believe that he's gotta better plan.
Busybody
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ECO NOM ICK GENIUS
President Obama’s Taxpayer-Backed Green Energy Failures
Ashe Schow
October 18, 2012 at 8:25 am
(23)
It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.
The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market.
So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
The complete list of faltering or bankrupt green-energy companies:
1.Evergreen Solar ($24 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($69 million)*
5.AES’s subsidiary Eastern Energy ($17.1 million)
6.Nevada Geothermal ($98.5 million)
7.SunPower ($1.5 billion)
8.First Solar ($1.46 billion)
9.Babcock and Brown ($178 million)
10.EnerDel’s subsidiary Ener1 ($118.5 million)*
11.Amonix ($5.9 million)
12.National Renewable Energy Lab ($200 million)
13.Fisker Automotive ($528 million)
14.Abound Solar ($374 million)*
15.A123 Systems ($279 million)*
16.Willard and Kelsey Solar Group ($6 million)
17.Johnson Controls ($299 million)
18.Schneider Electric ($86 million)
19.Brightsource ($1.6 billion)
20.ECOtality ($126.2 million)
21.Raser Technologies ($33 million)*
22.Energy Conversion Devices ($13.3 million)*
23.Mountain Plaza, Inc. ($2 million)*
24.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25.Range Fuels ($80 million)*
26.Thompson River Power ($6.4 million)*
27.Stirling Energy Systems ($7 million)*
28.LSP Energy ($2.1 billion)*
29.UniSolar ($100 million)*
30.Azure Dynamics ($120 million)*
31.GreenVolts ($500,000)
32.Vestas ($50 million)
33.LG Chem’s subsidiary Chemical Power ($150 million)
34.Nordic Windpower ($16 million)*
35.Navistar ($10 million)
36.Satcon ($3 million)*
*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain
President Obama’s Taxpayer-Backed Green Energy Failures
Ashe Schow
October 18, 2012 at 8:25 am
(23)
It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.
The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market.
So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
The complete list of faltering or bankrupt green-energy companies:
1.Evergreen Solar ($24 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($69 million)*
5.AES’s subsidiary Eastern Energy ($17.1 million)
6.Nevada Geothermal ($98.5 million)
7.SunPower ($1.5 billion)
8.First Solar ($1.46 billion)
9.Babcock and Brown ($178 million)
10.EnerDel’s subsidiary Ener1 ($118.5 million)*
11.Amonix ($5.9 million)
12.National Renewable Energy Lab ($200 million)
13.Fisker Automotive ($528 million)
14.Abound Solar ($374 million)*
15.A123 Systems ($279 million)*
16.Willard and Kelsey Solar Group ($6 million)
17.Johnson Controls ($299 million)
18.Schneider Electric ($86 million)
19.Brightsource ($1.6 billion)
20.ECOtality ($126.2 million)
21.Raser Technologies ($33 million)*
22.Energy Conversion Devices ($13.3 million)*
23.Mountain Plaza, Inc. ($2 million)*
24.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25.Range Fuels ($80 million)*
26.Thompson River Power ($6.4 million)*
27.Stirling Energy Systems ($7 million)*
28.LSP Energy ($2.1 billion)*
29.UniSolar ($100 million)*
30.Azure Dynamics ($120 million)*
31.GreenVolts ($500,000)
32.Vestas ($50 million)
33.LG Chem’s subsidiary Chemical Power ($150 million)
34.Nordic Windpower ($16 million)*
35.Navistar ($10 million)
36.Satcon ($3 million)*
*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain
richard_daily
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From his corporate owners.
jeninflorida
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and after they gave a nice kick back to the Obama
they went out of business and the money disappeared that's Awesome!
Busybody
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Should Governments CANCEL debt owed to itself?
HMmmmmmmmmmmm........................
http://my.yahoo.com/;_ylt=AuqmyOauL...haWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD
HMmmmmmmmmmmm........................
http://my.yahoo.com/;_ylt=AuqmyOauL...haWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD
4est_4est_Gump
Run Forrest! RUN!
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How did the one California economist put it?
The debt? Pish posh, just a few keystrokes and it is gone...
The debt? Pish posh, just a few keystrokes and it is gone...
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