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The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra.
That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance. The department has valued packages at about $13,000 a head.
Taxpayers will have to cough up yet another $14.3 million as a result of Solyndra’s bankruptcy. They are already on the hook for $528 million in federal loan guarantees to the company that are unlikely to ever be paid back.
Also...
Quote:
Most TAA requests take 60 days to process according to DOL, but this one took about 80.
The department said the delay was caused by a Senate fight over reauthorizing the program.
“During that period all pending TAA announcements were put on hold,” said DOL spokesman Joshua Lamont.
That fight was triggered in part by Republican lawmakers’ outrage that Solyndra employees were up for TAA help.
They were a net negative on federal taxes last year, yeah, not kidding. With the tax right offs they get, they make record profits.
Aren't we in essence paying their payroll?
My point with the question is NOT with subsidies. I don't agree with them. If you don't want oil subsidies, then you shouldn't want green energy subsidies either - which is my position.
My point is with the fact that I put a single story, and the immediate reaction is to deflect its impact with something off topic.
Can you not deal with this story by itself? And the fact the we funded the entire operation, its complete failure - and now we are funding the employees for loosing their jobs. This is YOUR money. Do you not understand this? Do you care?
My point with the question is NOT with subsidies. I don't agree with them. If you don't want oil subsidies, then you shouldn't want green energy subsidies either - which is my position.
My point is with the fact that I put a single story, and the immediate reaction is to deflect its impact with something off topic.
Can you not deal with this story by itself? And the fact the we funded the entire operation, its complete failure - and now we are funding the employees for loosing their jobs. This is YOUR money. Do you not understand this? Do you care?
I don't want any industry subsidies.
However, in the past, we have subsidised business before. The airline industry, for instance, was largely built by the federal government and the need that they supplied.
Oil puts our national well being at risk, because we simply do not have the ability to obtain the oil we need here at home at the rate we currently demand. Even if all restrictions on oil companies were removed on their drilling, even their top experts admit they don't know whats out there, and if they can even get to it. Even under the best scenerio thats a 7 year wait for a single drop to reach US shores, and even then, the market is still controlled by those who have the most reserves, and bubba, that ain't us.
Domestic energy supplies, coal, natural gas, solar, wind, nuclear, tidal, etc should all be exploited before we spend money on foreign sources.
But the oil company don't want that, and they lobby against it, again with the money supplied them by the tax payer.
They pay net negative on federal taxes, while making record profits. Not record oil industry profits, but record national profits for any corporation, ever.
However, in the past, we have subsidised business before. The airline industry, for instance, was largely built by the federal government and the need that they supplied.
Oil puts our national well being at risk, because we simply do not have the ability to obtain the oil we need here at home at the rate we currently demand. Even if all restrictions on oil companies were removed on their drilling, even their top experts admit they don't know whats out there, and if they can even get to it. Even under the best scenerio thats a 7 year wait for a single drop to reach US shores, and even then, the market is still controlled by those who have the most reserves, and bubba, that ain't us.
Domestic energy supplies, coal, natural gas, solar, wind, nuclear, tidal, etc should all be exploited before we spend money on foreign sources.
But the oil company don't want that, and they lobby against it, again with the money supplied them by the tax payer.
They pay net negative on federal taxes, while making record profits. Not record oil industry profits, but record national profits for any corporation, ever.
Still deflecting. Do you even know the difference between a subsidy and an aid package?
However, in the past, we have subsidised business before. The airline industry, for instance, was largely built by the federal government and the need that they supplied.
Oil puts our national well being at risk, because we simply do not have the ability to obtain the oil we need here at home at the rate we currently demand. Even if all restrictions on oil companies were removed on their drilling, even their top experts admit they don't know whats out there, and if they can even get to it. Even under the best scenerio thats a 7 year wait for a single drop to reach US shores, and even then, the market is still controlled by those who have the most reserves, and bubba, that ain't us.
Domestic energy supplies, coal, natural gas, solar, wind, nuclear, tidal, etc should all be exploited before we spend money on foreign sources.
But the oil company don't want that, and they lobby against it, again with the money supplied them by the tax payer.
They pay net negative on federal taxes, while making record profits. Not record oil industry profits, but record national profits for any corporation, ever.
I will take that as no - you don't care about how your money is spent - or at least you will put it behind casting the administration in a negative light. Still no comment specifically on Solyndra from you.
I will take that as no - you don't care about how your money is spent - or at least you will put it behind casting the administration in a negative light. Still no comment specifically on Solyndra from you.
Of course you won't get a comment on this. Solyndra was an Obama pet project. Nothing wrong with wasting hundreds of millions of our money on something Obama likes.
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