Read here. The power elite of California are totally out of control, driving the once great state into perpetual Greece-dom. The lies and scaremongering that Big Labor, Big Wealth, Big Government and Big Media spread about the benefits of AB32 (lottsa green jobs!) and the dangers of passing Proposition 23 will continue to make news as economic reality is forced on the California voters. It's truly going to be an ugly reality show.
Did we say ugly? No sooner than the defeat of Proposition 23, a California solar company that received $535 million in U.S. taxpayer dollars closed one of its major manufacturing plants, causing California to experience a 1,000 loss of those really fantastic, secure green jobs.
- "Solyndra, if you remember, was visited by President Obama and touted as being so wonderful. $535 million “wonderful”
- Instead of having 2 plants, they will now close one, leaving only the new one running. (Flush!)
- Instead of having 2,000 green jobs, they’ll can 1,000 people and we’ll only have 1,000 green jobs. (Flush!)
- They will also eliminate 155 to 175 jobs at the new Fremont plant. (Total of 1,155 to 1,175 green jobs down the toilet – flush!)
- The Obama Administration gave them $535 million in loan guarantees. (Tax dollars down the toilet?)
So, two days after Prop 23 was voted down we have our first green-tech company in California having major problems. If they are having major trouble after an infusion of about $1.535 billion dollars, I have to wonder just how good these wonderful green jobs that AB32 is allegedly going to create will be? How many hundreds of millions or billions of tax dollars will be required to subsidize them? Will there even be a significant amount of green jobs created? Or, will they end up in some other state or country where operating costs are cheaper and regulations fewer?"