Chinese buy US solar company

[billvon 3,120]

>No, just that they are not (demonstrably so) economically viable.


Dynergy (fossil fuel energy company) went bankrupt in 2011. I guess fossil fuel electricity isn't economically viable. Demonstrably so.

Hmm. Terrestar went bankrupt in 2011. I guess satellites aren't economically viable. Demonstrably so. And to think we wasted all that money on the space program.

General Maritime (they make oil tankers) went bankrupt in 2011. I guess oil isn't economically viable. Demonstrably so. And to think we wasted all that money on Middle Eastern wars.

AMR (parent of American Airlines) went bankrupt in 2011. I guess air travel isn't economically viable. Demonstrably so. And to think we wasted all that money on NACA, NASA, ATC, the NTSB . . . .

[brenthutch 444]

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>No, just that they are not (demonstrably so) economically viable.


Dynergy (fossil fuel energy company) went bankrupt in 2011. I guess fossil fuel electricity isn't economically viable. Demonstrably so.

Hmm. Terrestar went bankrupt in 2011. I guess satellites aren't economically viable. Demonstrably so. And to think we wasted all that money on the space program.

General Maritime (they make oil tankers) went bankrupt in 2011. I guess oil isn't economically viable. Demonstrably so. And to think we wasted all that money on Middle Eastern wars.

AMR (parent of American Airlines) went bankrupt in 2011. I guess air travel isn't economically viable. Demonstrably so. And to think we wasted all that money on NACA, NASA, ATC, the NTSB . . . .

Congratulations Elvis, welcome to the functional model. If it works, it works if it doesn't it doesn't

[billvon 3,120]

> If it works, it works if it doesn't it doesn't

Ah. Then stop by sometime. I'll show you my solar power system; they charge my EV. You can verify that they both work. I'll even give you a beer!

After that you could stop by one of the dozens of solar installers in San Diego and see if they are actually in business.

[kelpdiver 2]

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I think you skipped the part where you bleated about the Chinese getting free stimulus money and then interest payments on the treasury debt, despite the facts that 1) they don't get any stimulus money and 2) paying $260M for $133M in grants only makes sense for people bad at math, and we know Asians can add.

There was also a reference to a DoD contract, even though the Chinese company didn't acquire that asset.

In short, your entire post is founded on lies or misunderstandings.

OK June bug, let me break out my crayons. The Obama administration spent billions of dollars to ""invest" in "new energy" to create tens of thousands of green energy jobs, not in China but right here in the United States, job that cannot be outsourced". Less than two years and billions of tax payer dollars later.......Jobs and technology go to China. Of course you can’t get your brain around this inconvenient truth.

It's all rather irrelevant to your fucked up rant in the thread. Just own up and go back to the generic rant, rather than this misguided one about the Chinese getting stimulus dollars.

Still trying to figure out why you're upset here...we broke even! Would you be happier if we lost the $260M? Face it - you're just reaching for another reason to bitch about Obama and any sort of 'green' funding...the same old story for you.

[brenthutch 444]

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I think you skipped the part where you bleated about the Chinese getting free stimulus money and then interest payments on the treasury debt, despite the facts that 1) they don't get any stimulus money and 2) paying $260M for $133M in grants only makes sense for people bad at math, and we know Asians can add.

There was also a reference to a DoD contract, even though the Chinese company didn't acquire that asset.

In short, your entire post is founded on lies or misunderstandings.

OK June bug, let me break out my crayons. The Obama administration spent billions of dollars to ""invest" in "new energy" to create tens of thousands of green energy jobs, not in China but right here in the United States, job that cannot be outsourced". Less than two years and billions of tax payer dollars later.......Jobs and technology go to China. Of course you can’t get your brain around this inconvenient truth.

It's all rather irrelevant to your fucked up rant in the thread. Just own up and go back to the generic rant, rather than this misguided one about the Chinese getting stimulus dollars.

Still trying to figure out why you're upset here...we broke even! Would you be happier if we lost the $260M? Face it - you're just reaching for another reason to bitch about Obama and any sort of 'green' funding...the same old story for you.

No, that was my fault; I copied a news article without providing the link. That said China is getting the jobs that Obama said would stay in the US if we "invested" billions of dollars. We spent the money and it did not get the jobs. Are you going to argue that it was money well spent?

[kelpdiver 2]

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No, that was my fault; I copied a news article without providing the link. That said China is getting the jobs that Obama said would stay in the US if we "invested" billions of dollars. We spent the money and it did not get the jobs. Are you going to argue that it was money well spent?

What billions are you referring to? Did you actually read the story?

[brenthutch 444]

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No, that was my fault; I copied a news article without providing the link. That said China is getting the jobs that Obama said would stay in the US if we "invested" billions of dollars. We spent the money and it did not get the jobs. Are you going to argue that it was money well spent?

What billions are you referring to? Did you actually read the story?

The billions (Collectively) wasted on "new energy". It appears you are still having difficulty getting your brain around the reality that Obamas "investments" were a bust. (At least for the workers whose green jobs were shipped to China).

[billvon 3,120]

> It appears you are still having difficulty getting your brain around the reality that
>Obamas "investments" were a bust.

And it appears that you simply do not understand that 96% is greater than 4%. However I suspect that you're not willfully ignorant, just the latest victim of the media.

[kelpdiver 2]

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However I suspect that you're not willfully ignorant, just the latest victim of the media.

seems pretty willful to me - every attempt by you, I, and others to give him corrective facts falls on deaf ears.

[brenthutch 444]

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> It appears you are still having difficulty getting your brain around the reality that
>Obamas "investments" were a bust.

And it appears that you simply do not understand that 96% is greater than 4%. However I suspect that you're not willfully ignorant, just the latest victim of the media.

Old info based on companies that have filed for bankruptcy, here is an updated list. (To include faltering companies) (* denotes bankrupt)

The complete list of faltering or bankrupt green-energy companies:
1.Evergreen Solar ($25 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($43 million)*
5.Nevada Geothermal ($98.5 million)
6.SunPower ($1.2 billion)
7.First Solar ($1.46 billion)
8.Babcock and Brown ($178 million)
9.EnerDel’s subsidiary Ener1 ($118.5 million)*
10.Amonix ($5.9 million)
11.Fisker Automotive ($529 million)
12.Abound Solar ($400 million)*
13.A123 Systems ($279 million)*
14.Willard and Kelsey Solar Group ($700,981)*
15.Johnson Controls ($299 million)
16.Brightsource ($1.6 billion)
17.ECOtality ($126.2 million)
18.Raser Technologies ($33 million)*
19.Energy Conversion Devices ($13.3 million)*
20.Mountain Plaza, Inc. ($2 million)*
21.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
22.Range Fuels ($80 million)*
23.Thompson River Power ($6.5 million)*
24.Stirling Energy Systems ($7 million)*
25.Azure Dynamics ($5.4 million)*
26.GreenVolts ($500,000)
27.Vestas ($50 million)
28.LG Chem’s subsidiary Compact Power ($151 million)
29.Nordic Windpower ($16 million)*
30.Navistar ($39 million)
31.Satcon ($3 million)*
32.Konarka Technologies Inc. ($20 million)*
33.Mascoma Corp. ($100 million)

19 companies bankrupt. You need to check your math, of give me a much bigger list of successes

[SkyDekker 1,465]

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.Solyndra ($535 million)*

You need to check your math

Yes you do...actual loss was probably 70% of that. Likely that if I check more of your examples I'll find more "padded" numbers.

[brenthutch 444]

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.Solyndra ($535 million)*

You need to check your math

Yes you do...actual loss was probably 70% of that. Likely that if I check more of your examples I'll find more "padded" numbers.

"Two months before Obama’s visit, accounting firm PricewaterhouseCoopers LLP warned that Solyndra, the recipient of $535 million in federal loan guarantees, had financial troubles deep enough to “raise substantial doubt about its ability to continue as a going concern.”

http://www.bloomberg.com/news/2011-09-12/obama-team-backed-535-million-solyndra-aid-as-auditor-warned-on-finances.html

[SkyDekker 1,465]

I don't dispute that...but tax payer loss was not $535 million...it was around $375 million.

[brenthutch 444]

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I don't dispute that...but tax payer loss was not $535 million...it was around $375 million.

I will concede the point. The larger issue I was addressing was the failure of the government’s investment in green energy. It is a case study in waste, failure and cronyism. One of the main reasons given for these so called investments was to "create good paying green jobs that can NOT be shipped overseas". This goal has failed to a colossal degree. That said you still have people clamoring for more. For me the math is simple; $250,000,000 X green energy investment = 3000 jobs lost to China = bad idea.