Fremont Calif Solar Company Solyndra Files for Bankruptcy-1100 jobs lost

[ZhugeLiang]

Originally Posted by 18Montclair

You guys are entirely too obsessed with the fact that I am actually optimistic about our prospects and provide article after article confirming that indeed things are not totally bleek, in fact despite major setbacks, there are still tons of things going on in California.

A word of advice: Get over it.

Not at all, it's that fact that you treat even the news of 20 new jobs as though somehow everything is OK here when it clearly isn't.

[yeahthatguy]

Originally Posted by user_id

If the company would work in another state then the investors would move it, why in the world would they prefer bankruptcy? Indeed, at the very least someone would buy it and relocate it to another state...but that isn't happening.


It is total costs, but you have an absolutely short-sighted view of what that means exactly. The focus on the tax rates and the number of regulations is totally misplaced, in both cases it is the details that matter. The most important aspect of a businesses cost structure is how the business is operated....

Also, most taxes in the US are earnings based so they aren't a cost of doing business.



You're not getting it, you are focusing on decisions of a single company when I'm talking about the global financial system. This isn't the era of gold, India and the US have two entirely different currency systems. Any US company that outsources production to India must obtain rupee, but how does a US company get rupee? The rupee genie? No, they obtain rupees because there is someone in India that wants US dollars. Now, unless the Indians like using US dollars for toilet paper they want dollars to purchase US based goods/services.

Therefore, a US company can only outsource production to India if there is someone in India that wants to buy US good/services.

Anyhow, ranting about some CEO doesn't change the fact that real business folks know that the taxes and regulation are just one part of overall cost picture. Contrary to what you believe, higher taxes are not universally bad for business. Nor are regulations. You have an extreme dogma in a landscape that is very nuanced, you consistently refuse to think about the nuance.

I'm tired of trying to get at what underlies your belief.. you obviously don't understand currency swaps and the currency market if you believe outsourcing is in any way limited by the macro currency market in this obtuse micro way you describe... Making such silly comments like that I know you are beyond your reach of knowledge as I find you often are w/ the weird conclusions/correlations you make.

Just to remind you, in case it slipped your mind, the dollar is the reserve currency around the world. It denominates a great deal of 'base' trades in many goods. Ponder on that a bit ... Amongst other things...

[6am]

solyndra's bankruptcy reveals the failure of obama administration's energy program, which promoted the loan guarantee, whose first recipient was a startup company in the solar industry - solyndra.
"this is really bad news.... Half a billion dollars of taxpayer money and we may end up holding the bag," house energy and commerce committee chairman fred upton (r-mich.) told abc news. "this is just a classic case of fraud and abuse and waste." nyibtimes

[a34dadsf]

Originally Posted by nr5667

As long as there are no tariffs, China allows virtual slave labor, and China intentionally keeps it's currency exchange with the U.S artificially low, we will never be able to rely on manufacturing jobs.

Exactly, and as long as people shop at wal-mart and buy chinese crap then nothing will change.

[Don9]

Originally Posted by a34dadsf

Exactly, and as long as people shop at wal-mart and buy chinese crap then nothing will change.

Why single out Walmart? There is nothing sold at Walmart that isn't sold at any other store and Walmart is not controlled by the corrupt union thugs.

[CarawayDJ]

There is a future for green jobs and green industries, but government can't create that future all on its own and overnight. Both the market and the technology has to be in a good place. Government incentives can be helpful in providing a little nudge, but that's about it. I don't think the technology and costs for green energy are yet low enough to create a large market demand. I do believe it will get there though. Based on some salesmen that have visited me before, I'm convinced that when the government gives me a 2K tax break to install something green on my house, the vendors increase their prices by 2K, or close to it. If that's not the case then their prices are indeed too far out of whack to drive much demand.

On a related note, I'm in Europe for the summer and have been seeing solar arrays everywhere. They're on houses, industrial buildings, and in fields. I haven't checked this, but there must be some serious subsidies going on. The weather here most of the year hardly suggests these things are offsetting the costs...

As for building a factory in CA.....I wouldn't. For that type of product you are catering to a national, or even international customer base. I might (as in maybe, perhaps) set up engineering here in CA, but why would I setup manufacturing for this type of product here?

[user_id]

Originally Posted by yeahthatguy

.. you obviously don't understand currency swaps and the currency market if you believe outsourcing is in any way limited by the macro currency market in this obtuse micro way you describe...

Of course outsourcing is limited by the currency markets, again, people in India want rupees and US companies can't magically get rupee. Talking about "currency swaps" just shows you don't know what is being discussed. That's fine, you can continue to believe whatever gibberish you want.

In terms of dollar reserves, this allows the US to maintain a trade deficit but it doesn't change the overall picture.

[native56]

Green energy is part of the global warming scam. None of it makes any economic sense and will only survive so long as tax dollars are used to support it. Good riddance to these outfits.