Evergreen Solar files for bankruptcy

Sounds great Mello, although I feel I may have heard optimism like this before...hmm...where was that?

Oh yeah..Evergreen Solar:

We all know how that is turning out.

 

Ahem...... they aren't praying TO Bush. They are praying FOR him.

Huge difference there .

 

You know that Bush and Greenspan (and Wall Street) crashed the economy, right?

Or is it your contention that Bush handed off a vibrant economy, a bustling Wall Street, and a balanced budget to Obama?
.

 

They know the shakedown, and that's about it.


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My point, which has been verified as the thread has progressed, is that the OP and the right are not interested in facts, nor a rational discussion. It's just a vehicle to get their hate on against green technology and Obama.

The material I quoted clearly indicates that China is getting on the green train. The right, meanwhile, is still booked on the head-in-sand train.

 

It tells me that a combination of a non-standardized product and a crippled economy (= reduced consumer spending), coupled with strong competition (some or most of which was from overseas and therefore likely subsidized in some fashion), put the company under.

But then I'm not a myopic, flaming partisan. Nor ignorant, if I may be so cheeky.
.

 

Using a single company's business failure to be the sole source for terminating an industry is being pretencious. The US must continue to find ways for renewable alternate energy sources, for strategic security reasons, and while doing that, failures will occur. It Edison a few tries to come across the incandescant light bulb.

A note, the internal combustion engine is very inefficient, yet I doubt that free markets will create a better power source

 

whatya wanna bet the company gets hacked up and sold to China in pieces....

 

Would you address it from an investment point of view please?

Just like with taxpayer money used to bail out union workers at GM and Chrysler, this was a bad use of taxpayer funds. Had the MA govt asked a consultant to spend 2 days of due dilligence then they would have known about the dreaded "Chinese competition" which is being used as an excuse and would not have pissed away the taxpayer dollars.

Govt is not good at investing in technology and innovation and that's not their job. They must stop trying to pick winners and losers. If Evergreen was viable then it would have found private equity and would be here today.

 

Govt is not good at investing in technology and innovation and that's not their job.
You could not be anymore wrong, the US govt, especially the DoD, medical research, etc., is perfect for technology. Having the US govt perform the reseacrh removes the risk for private enterprise from trying innivations. Private enterprise will not invest in research unless they know Retrun on Investment, whereas US govt research can try ideas completely out of the box and then if successful, make it public domain, i.e., your Internet.

 

So you're against the Hoover dam? The federal hwy system? NASA? The natiOns entire levy system?

 

please get a grip

investing in private companies and emerging technologies

so, again, please respond to my question instead of some form of liberal hysteria.

Do you believe the MA govt had a fiduciary responsibility to the taxpayers to perform due dilligence and do you think it was done? I see this as taxpayer dollars pissed away.

 

not every investment is going to be a winner.

 

China is moving ahead on a full spectrum basis in energy development. In America the left has prevented development of fossil fuels, nuclear power plants, etc. So the same tactics are now being used against the left's favored energy ruses.

Go China.

 

"prevented the development of fossil fuels"?

China is developing the breakthrough tech and and patenting REAL fuels that don't concurrently kill your citizens and our planet.

Something we should have been doing 30 years ago when the oil crisis occurred. Instead we got Reagan taking down the solar panels, and Cheney declaring conservation is stupid.

Now we pay the price of apathy.

 

Seems more like a "green" money laundering scheme.

 

Gosh you guys can't even get your own ideology right. You are so hung up on partisan debating and sectarianism that you lose sight of the ideas.

The issue here is that "government" is not a good businessman. I agree with that.

The truth is that liberals are very successful businesmen. Soros, Buffett and Gates are all liberals. And very successful. Most successful businessmen I know are horrified by the ultra protectionist feudalism of today's extremist American Right. They are usually moderates - either liberal or conservative. Very few indeed concur with the extremist troglodytes trying to become the GOP POTUS candidate (let me exclude Huntsman and Romney who seem to have some intelligence and will pay for it by being defeated by their own base).

Now you guys need to get your heads out of your uber partisan arses and decide if you are against green technology, state intervention (the leader of Massachussets GOP ssems to be in favour of state intervention by his quoted comments), or you just want to join in tedious, boring Obama bashing at the drop of a hat.

The arguments are different.

You have:

1. Rednecks like Perry who just think its macho to see the world fry. We sort of deserve it for being so effete.
2. Sensible conservatives (and liberals like me) who think that any subsidies should be focused on outcomes (ie subsidizing investment in cheaper consumption) rather than subsidizing manufacturing businesses with good lobbyists
3. Nutters who just can't stand being told what to do by a black man and who spend every waking hour figuring out how to blame everything that goes wrong in the world on him.

 

I understand that being in the Dreaded Private Sector and investing my own money as well as money from business on new markets and products.

It's not up to the govt to decide in which solar company to dump tax[payer dollars. The same is true for automobile union workers. Why did the US govt choose one group of union workers over the other to waste taxpayer dollars?

That is not their money