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Re: ANOTHER Green Company Goes Down - Thanks Obama for Wasting Our Money
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Siri Cruise
Apr 6, 2013, 8:28:23 PM4/6/13
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In article <MPG.2bca688e3...@news.eternal-september.org>,
AlleyCat <al...@aohell.com> wrote:
> Electric-car maker Fisker Automotive ? that was granted a half-billion-
> dollar federal loan ? dismissed about 75 percent of its remaining
Fisker? Aren't they the ones who lost a big chunk of the inventory in hurricane
Sandy? Why couldn't Obama had foreseen that?
--
Mommy says the Men in Black are from Sea Org. Or Johnny Cash.
:-<>
AlleyCat <al...@aohell.com> wrote:
> Electric-car maker Fisker Automotive ? that was granted a half-billion-
> dollar federal loan ? dismissed about 75 percent of its remaining
Fisker? Aren't they the ones who lost a big chunk of the inventory in hurricane
Sandy? Why couldn't Obama had foreseen that?
--
Mommy says the Men in Black are from Sea Org. Or Johnny Cash.
:-<>
Dänk 42Ø
Apr 6, 2013, 9:58:35 PM4/6/13
to
On Sat, 06 Apr 2013 18:15:33 -0500, AlleyCat wrote:
> Fisker Issues Big Layoff, Employees
> Hire Firm That Sued Solyndra
> firm that sued the government-funded Solyndra company.
In Chairman Obama's defense, the few hundred millions squandered on shady
"green" energy subsidies pale in comparison to the billions in secret no-
bid contracts lavished upon Halliburton and other cronies by Emperor Bush.
Of course, the corruption and incompetence of Bush does not justify the
corruption and incompetence of Obama, but please try to acknowledge the
former's failures before ripping into his successor. (This is
unnecessary for me, since I freely criticized Bush and called for his
impeachment, but you are a Bushtard.)
On the subject of renewable energy in general, instead of subsidizing
alternative sources, a better approach would be to impose a tax on carbon
sources. This would require a coherent long-term energy policy, however,
something that American politicians are incapable of. Instead, our
country is heading in the opposite direction, with cheap oil and gas
obtained via "fracking" threatening to destroy any possible competition
from renewables.
= = = = = = = = = = = = = = = = = = = = = = = =
"Arguing on the Internet is like running in
the Special Olympics: Even if you win, you're
still retarded."
-- Anonymous
> Fisker Issues Big Layoff, Employees
> Hire Firm That Sued Solyndra
>
> Electric-car maker Fisker Automotive ? that was granted a half-billion-
> dollar federal loan ? dismissed about 75 percent of its remaining
> workforce on Friday and is purportedly facing a lawsuit from the same
> Electric-car maker Fisker Automotive ? that was granted a half-billion-
> dollar federal loan ? dismissed about 75 percent of its remaining
> firm that sued the government-funded Solyndra company.
In Chairman Obama's defense, the few hundred millions squandered on shady
"green" energy subsidies pale in comparison to the billions in secret no-
bid contracts lavished upon Halliburton and other cronies by Emperor Bush.
Of course, the corruption and incompetence of Bush does not justify the
corruption and incompetence of Obama, but please try to acknowledge the
former's failures before ripping into his successor. (This is
unnecessary for me, since I freely criticized Bush and called for his
impeachment, but you are a Bushtard.)
On the subject of renewable energy in general, instead of subsidizing
alternative sources, a better approach would be to impose a tax on carbon
sources. This would require a coherent long-term energy policy, however,
something that American politicians are incapable of. Instead, our
country is heading in the opposite direction, with cheap oil and gas
obtained via "fracking" threatening to destroy any possible competition
from renewables.
= = = = = = = = = = = = = = = = = = = = = = = =
"Arguing on the Internet is like running in
the Special Olympics: Even if you win, you're
still retarded."
-- Anonymous
Robert A. Leffingwell
Apr 7, 2013, 12:42:52 AM4/7/13
to
"Siri Cruise" <chine...@yahoo.com> wrote in message
news:chine.bleu-3AEDC...@news.eternal-september.org...
much football without a helmet) misread the news. True that Fisker was
granted a $517MM loan from the DoE, but that loan was cancelled because the
company failed to meet production quotas. The government is on the hook for
$197MM in loans.
Meanwhile, Fisker's competitor, Tesla Motors, which builds all-electric
vehicles assembled in the USA with mostly in-house built parts is ramping
production and plans to be price competitive with the Nissan Leaf within two
years. The stock chart of TSLA shows it to be the darling of Wall Street.
http://finance.yahoo.com/echarts?s=TSLA+Interactive#symbol=tsla;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Message has been deleted
Dänk 42Ø
Apr 8, 2013, 7:22:24 AM4/8/13
to
On Sun, 07 Apr 2013 00:42:52 -0400, Robert A. Leffingwell wrote:
> .. The stock chart of TSLA shows it to be the
> darling of Wall Street.
I suppose that any company Chairman Obama bestows bailouts/subsidies upon
would be a darling of Wall Street.
Capitalism is private ownership of the means of production, where
investors accept the risk of losses as a condition of reaping any profits.
Socialism is government ownership of the means of production, where
losses are subsidized with public money and any profits theoretically
redistributed back to the public.
Obamaism is an entirely new system: Private ownership of the means of
production, but losses are subsidized with public money while profits are
reaped by private investors. There is no technical economic term for
this type of enterprise, but the common English word "theft" seems to
describe it well enough. Investors assume zero risk: any losses are
covered with bailout money and they get to keep all profits.
Let me make an analogy to video poker: I insert a $100 note into the
poker machine and play until all my credits are gone. This isn't fair,
so I whack the guy at the machine next to me and take $100 out of his
wallet and play some more until I run out of credits again, then I whack
the guy again and take another $100 to play with and I keep doing this
until I hit a royal flush. Then I collect the $1000 jackpot money and
exit the casino, leaving the guy next to me with an empty wallet and a
painful bump on his head. This is Obamaism.
> .. The stock chart of TSLA shows it to be the
> darling of Wall Street.
I suppose that any company Chairman Obama bestows bailouts/subsidies upon
would be a darling of Wall Street.
Capitalism is private ownership of the means of production, where
investors accept the risk of losses as a condition of reaping any profits.
Socialism is government ownership of the means of production, where
losses are subsidized with public money and any profits theoretically
redistributed back to the public.
Obamaism is an entirely new system: Private ownership of the means of
production, but losses are subsidized with public money while profits are
reaped by private investors. There is no technical economic term for
this type of enterprise, but the common English word "theft" seems to
describe it well enough. Investors assume zero risk: any losses are
covered with bailout money and they get to keep all profits.
Let me make an analogy to video poker: I insert a $100 note into the
poker machine and play until all my credits are gone. This isn't fair,
so I whack the guy at the machine next to me and take $100 out of his
wallet and play some more until I run out of credits again, then I whack
the guy again and take another $100 to play with and I keep doing this
until I hit a royal flush. Then I collect the $1000 jackpot money and
exit the casino, leaving the guy next to me with an empty wallet and a
painful bump on his head. This is Obamaism.
Siri Cruise
Apr 8, 2013, 7:53:03 AM4/8/13
to
In article <IYednWufivPtNf_M...@earthlink.com>,
Dänk 42Ø <da...@stick.th> wrote:
> On Sun, 07 Apr 2013 00:42:52 -0400, Robert A. Leffingwell wrote:
>
> > .. The stock chart of TSLA shows it to be the
> > darling of Wall Street.
>
> I suppose that any company Chairman Obama bestows bailouts/subsidies upon
> would be a darling of Wall Street.
I thought you were complaining that all of them go bankrupt.
> On Sun, 07 Apr 2013 00:42:52 -0400, Robert A. Leffingwell wrote:
>
> > .. The stock chart of TSLA shows it to be the
> > darling of Wall Street.
>
> I suppose that any company Chairman Obama bestows bailouts/subsidies upon
> would be a darling of Wall Street.
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