Bankrupt Solyndra got $24.4 million in state tax breaks. California, lacking common sense and eager to get green jobs going, specifically designed the tax exemptions for Solyndra, who got 80% of the $30.2 million in tax exemptions claimed as of Aug. 1. More money down the green jobs pit.
This post was last modified on January 31, 2021
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My guess is that the whole "green jobs" BS is Enron on steroids.
Sadly, this is yet another example that illustrates why the government (federal and state) should not be involved with funding that is essentially venture capital. The fact is that the business model in this case was obviously doomed from the outset, and that this is precisely why there was/is little private investment in such businesses. I just cannot fathom why anyone thinks we can throw money at a problem and it will magically be resolved: "green" businesses, education, welfare, medicine/insurance, etc.
This seriously pisses me off. There are people who were behind this whole SCAM that needs to be put in prison FOREVER. I'm so sick of hearing how these kind of criminals just walk away after a year or two. But, as long as polititions and their relatives keep getting rich from these crimes, I guess no one will sit very long in prison.
How much of the 550 M + Do you think these numbnuts sent to barry's and moonbeam's re-election funds? My money is on at least half! They went tits up pretty quick, having had 550 M in cash in the bank no?