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Solyndra's High-tech Plant To Be Sold
Velcroman1 writes, quoting Fox News: "For sale: manufacturing and office facility with 411,618 square feet, state of the art electrical, air, and power distribution systems — and a troubled past. As part of its bankruptcy proceedings, Solyndra is reportedly very close to landing a buyer for its mammoth, high-tech production plant in Fremont, Calif. The listing agent recently gave Fox News a tour of what the new owners will get for their multi-million dollar investment. Now the once-bustling offices, conference rooms, and cubicles are eerily quiet as the facility is 'decommissioned,' according to Greg Matter with Jones Lang LaSalle realty. One wonders about the conversations held, and emails written, in the corner office formerly occupied by CEO Brian Harrison."
Without bankruptcy society would have no way of cutting losses and moving forward. Much more resources and labor would go into paying off debts that have no hope of ever getting repaid. There would be much less incentives to take risks on new ideas and innovations, and less money to do it with as the majority of money earned would be used for servicing debt. When someone or some entity is so in debt that they'll never be able to repay it all, the best thing for society as a whole is to wipe the slate clean and then not loan any more money to that entity for a time.
It seems we only apply the last part to natural persons of the working and middle classes.
If you build it, nerds will come. Soylentnews.org
So the republican congress we are staring at is responsble for the weak economy?
Wow! I don't believe I have to explain this. But, here we go:
Congress is made up of two houses: The House of Representatives and the Senate. The House members are supposed to be closer to their constituents and all of them are elected every two years. The Senate holds elections every two years, but each term is six years with 1/3 of the Senate up for election every two years. Of course, as you know, the President is elected every four years for a max of two terms.
Now, Republicans held the House of Representatives from 1995 until 2007. The Senate was more or less under Republican control through most of the Bush years, but during this time, Senators had a habit of switching sides to get what they wanted. This would either tilt control over the Dems or force a balanced Senate. However, in 2007, both houses of Congress, the US House of Representatives and the US Senate both fell under the control of Democrats. This continued through the final two years of Bush AND THE FIRST TWO YEARS OF OBAMA.
Then, in the most recent election held in 2010, Republicans took control of the House and Democrats maintain control of the Senate. When this happens, very little actually gets done. Bills must pass both houses of Congress before the President may sign them into law or veto them. If the president vetoes a bill, it does not become a law unless 2/3 of the Senate vote to override the veto. If the Senate the House can't agree on legislation, then nothing reaches the President's desk.
Why am I telling you this? Well, I assume you are either from another country and don't know how the US political system works, or you are simply a moron who was too stoned on Saturday mornings to understand the meaning behind School House Rock. The point being that you have have a basic grasp of the political system before you can understand what it means when I tell you...
wait for it...
Republicans only control the House of Representatives. Democrats still control the Senate and the White House.
There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
Uhhh...dude? you might want to Google "Solyndra tip of iceberg" to see that while Bush paid lip service (and gave VERY little money) to "green" projects Obama used the green projects to do his his own little payback parade. We are talking billions of dollars to several different groups with only ONE thing in common....they all gave large sums of money to Obama during his campaign in 2008.
So I'm sorry but replacing a shitty president with an R after his name with a shitty president with a D after his name still leaves you with the shitty president part. hell Bush and Obama have been pretty damned interchangeable when it comes to shittiness, the only difference is...well not much.
ACs don't waste your time replying, your posts are never seen by me.