We were just talking about Finland’s new US funded Fisker automotive electric 19MPG product, $90,000. Before that, SunPower’s $1.2 Billion taxpayer funded plant in Mexico which followed the half Billion Solyndra crash. Jack Daniels is not part of the green theme. The liberal attack against them to squeeze more taxes creates the same results. It destroys jobs and kills business revenues in the local and surrounding areas.
Government does not create anything, it cannot contribute to anyone. The taxpayer money which was given to these companies produced no return. Add it all up and divide it equally by those who pay taxes and it’s a fine they paid for doing nothing wrong. The result was increased deficits, the regime demands them to pay their fair share to make things right, more taxes.
Along came the Wall Street mob, news media followers made a big deal about a small number of unorganized filthy radical people and real news became overshadowed. The green stimulus busts have not ended.
Bloomberg: “Beacon, based in Tyngsboro, Massachusetts, listed assets of $72 million and debt of $47 million in its Chapter 11 petition. Two affiliates also entered court protection.
Beacon’s first grid-scale plant, with 200 flywheels, began operating in January. The 20-megawatt facility in Stephentown, New York, was funded using the $43 million Energy Department loan guarantee issued in August 2010. About $39.1 million is currently due under the loan, Capp said.
… In addition, Beacon received $29 million in grants from the U.S. and Pennsylvania for a 20-megawatt plant in that state and hired Group Robinson LLC to help raise more funds for the $53 million project.”
The regime refused to cooperate in the Solyndra investigation claiming everything was done in the best interest of the people. It’s been the same old song and dance for each case following. Welcome to Beacon.
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Posted on October 31, 2011
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