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Thread: another solyndra, electric car battery maker facing financial hardship

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    another solyndra, electric car battery maker facing financial hardship

    Hey its only $53m so this probably isn't a big deal when we have $1.4 trillion deficits. On a positive note, at least the stimulus money created 33 temporary jobs. Not bad, that's only $1.6 million per job.

    Question: is $1.6 million per job too little or too much.


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    Re: another solyndra, electric car battery maker facing financial hardship

    Quote Originally Posted by conservativeguy View Post
    Hey its only $53m so this probably isn't a big deal when we have $1.4 trillion deficits. On a positive note, at least the stimulus money created 33 temporary jobs. Not bad, that's only $1.6 million per job.

    Question: is $1.6 million per job too little or too much.
    That doesn't seem so unusual. Isn't that the average cost per job under the Obama stimulus package?

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    Re: another solyndra, electric car battery maker facing financial hardship

    EnerDel reported to the Energy Department in their latest stimulus report that they had spent $53 million in taxpayer funds to date. At its peak, in the summer of 2010, the company employed 253 people with federal funds according to government records. Today the company reports that stimulus funds support 33 jobs.
    Lets see if you divide $53,000,000 by 253 it comes to $209,486 per job.

    Why not cut that in half and pay the people to do nothing for two years. Most of the wasteful spending since Obama took over would have worked out better this way.

    We cannot compete with the Chinese head to head in this or most fields because we have too many taxes, regulations etc.

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    Re: another solyndra, electric car battery maker facing financial hardship

    Quote Originally Posted by Councilman View Post
    Lets see if you divide $53,000,000 by 253 it comes to $209,486 per job.

    Why not cut that in half and pay the people to do nothing for two years. Most of the wasteful spending since Obama took over would have worked out better this way.

    We cannot compete with the Chinese head to head in this or most fields because we have too many taxes, regulations etc.
    How much does it cost to employ an airline pilot? Millions. See, you have to buy them an airplane and then put thousands upon thousands of gallons of jet fuel in it.

    There's more to the cost of a job than just salary.

    Also, it's not taxes that make us uncompetitive. Americans simply will not work for the wages that Chinese workers will. Companies aren't shipping jobs to China to escape regulations. They're doing it because Chinese labor is cheap as hell.
    Last edited by Deuce; 11-01-11 at 12:30 PM.
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    Re: another solyndra, electric car battery maker facing financial hardship

    Quote Originally Posted by Deuce View Post
    How much does it cost to employ an airline pilot? Millions. See, you have to buy them an airplane and then put thousands upon thousands of gallons of jet fuel in it.

    There's more to the cost of a job than just salary.
    Then, the pilot takes the plane and makes money with it. A foreign concept, I know, but that's how it works.

    Also, it's not taxes that make us uncompetitive. Americans simply will not work for the wages that Chinese workers will. Companies aren't shipping jobs to China to escape regulations. They're doing it because Chinese labor is cheap as hell.
    I say it's both. Obviously we can't--nor should we--force American workers to work for slave wages, so common sense dictates that we need to streamline government regulations.
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    Re: another solyndra, electric car battery maker facing financial hardship

    I find it amusing that people balk over government support of alternative energy while oil, an already highly profitable industry, is still supported by subsidies to the tune of $4 Billion.
    Oil Subsidies Repeal Blocked By Industry-Bankrolled Senators (CHART)
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    Re: another solyndra, electric car battery maker facing financial hardship

    Quote Originally Posted by apdst View Post
    Then, the pilot takes the plane and makes money with it. A foreign concept, I know, but that's how it works.
    Right. And when the product is, say, a highway? The materials add a lot to the cost of employing that highway construction worker.
    The point is dividing money spent by number of employees is a ridiculous way of measuring anything.



    I say it's both. Obviously we can't--nor should we--force American workers to work for slave wages, so common sense dictates that we need to streamline government regulations.
    No amount of deregulation can make American workers cheaper than Chinese workers.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: another solyndra, electric car battery maker facing financial hardship

    Quote Originally Posted by Deuce View Post
    Right. And when the product is, say, a highway? The materials add a lot to the cost of employing that highway construction worker.
    The point is dividing money spent by number of employees is a ridiculous way of measuring anything.

    At one time, not long ago, the Chinese were making even fewer wages and yet the United States was doing very well. In fact wages were lower almost everywhere else in the world and the American economy was doing very well.

    Why were the Americans able to compete then and yet they are unable to compete now? Do you really believe its all a matter of wages?






    No amount of deregulation can make American workers cheaper than Chinese workers.[/QUOTE]

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    Re: another solyndra, electric car battery maker facing financial hardship

    Quote Originally Posted by EagleAye View Post
    I find it amusing that people balk over government support of alternative energy while oil, an already highly profitable industry, is still supported by subsidies to the tune of $4 Billion.
    Oil Subsidies Repeal Blocked By Industry-Bankrolled Senators (CHART)
    The article mentions both tax breaks and subsidies as though they are the same thing.

    There is a proven demand for oil and its related products so it's a pretty safe bet for investment. In fact private investors are keen to buy shares in oil but few were prepared to invest in the company Obama's wildcatted with other people's money. Why should Barrack Obama, a man with no business experience whatsoever, be allowed to invest billions of dollars in industries in which he know nothing about and has no experience whatsoever?

    Isn't this guy an extreme embarrassment to the United States yet and if not, why not?

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    Re: another solyndra, electric car battery maker facing financial hardship

    The lithium battery business is going to be huge going forward. The U.S. needs to be in the game. Enerdel is one of 30 companies that received grants and AFAIK is the only one facing problems. The problems are not a result of EnerDel's battery busienss, but rather a result of the failure of a subsidiary of its parent company.

    Not to fog the rhetoric with facts or anthing....
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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