Posted on 11/06/2009 9:57:17 AM PST by Attention Surplus Disorder
President Obama and the Democratic majority in Congress are spending billions of tax dollars to subsidize development of "green jobs" - positions for people and companies designing and manufacturing alternative energy sources such as biomass, wind and solar.
One of Obama's buddies, Gov. Deval Patrick of Massachusetts, is also a vocal advocate of such subsidies. Last year, Patrick put Massachusetts taxpayers' money where is mouth is by backing a $58 million package of incentives and subsidies to Evergreen Solar, which manufacturers collector panels used in solar energy units.
Now barely a year later, Evergreen has announced that it is moving its final assembly phase to a factory in China, according to the Boston Globe. The firm's Devens, Massachusetts, plant currently employs 577 full-time and 230 contract workers in designing and manufacturing the silicon wafers and cells that are then assembled into panels.
A company spokesman declined to say how many jobs will be shifted to the new assembly plant in China, according to the Globe.
"In exchange for receiving $58.6 million in grants, loans, land, tax incentives, and other aid to build in Massachusetts, Evergreen pledged that it would add 350 new jobs, a goal that it has, to date, far surpassed. However, the company disclosed in a financial filing yesterday that it would write off $40 million worth of equipment at Devens because of the production shift to China," the Globe reported.
"The company has been a poster child of the Patrick administration’s efforts to develop a 'green energy' industry cluster in Massachusetts. But it has been struggling financially because of increased competition from overseas producers and rapidly falling prices for solar products. It recently persuaded the state to lend it another $5 million to cover equipment purchases, though the state has not yet released the funds," the Globe said.
Evergreen has lost at least $167 million so far in 2009, according to the Globe. Last year during the same period, the company's losses totalled only $33.6 million. Following announcement of the move to China, the company's stock closed at $1.42 per share, down six cents per share.
Another outstanding success story
So we pay $58 million so they can create slave job in China?
Oh, these guys are the GOOD CAPITALISTS, suuuure...!!
Good thing we got off that greedy Wall Street gravy train, huh?
And Scozzafava persuaded the Pubbies to give her $900k, then threw her support to the Rat.
More green shoots heading overseas.
More saved or created jobs?
Change we can believe in!
These are some of the jobs that Slim Shady has created or saved, but for the wrong country.
But of course!
Manufactuing in the U.S. can NOT compete with China!
We have UNIONS that jack up our prices and the workmanship is TYPICALLY shoddy.
DOn’t blame China for being CAPITALISTIC while the U.S. goes COMMUNIST.
Yes, to the libs, going "green" makes sense.
But not cents.
The “green jobs” that will stay in the U.S. are landscaping and other low paying jobs. You will have the thrill of undercutting ILEGALS for those jobs.
See Spain for their financial failure at Goin’ Green.
China is going to own the solar market so it isn’t the biggest surprise that a company will offshore there. OTOH, I think that reimport tariffs are one means to discouraging US based companies from pulling this crap especially if they are going to beg $$$ from the local governments.
“Now barely a year later, Evergreen has announced that it is moving its final assembly phase to a factory in China,”
Not one..not ONE of the GOP hopefuls will touch the subject of China.
What the story does not say about Evergreen Solar is that as soon as the company opened its new facility on Devens, the residents of the town of Harvard—just across a narrow pond from the facility—began complaining about the noise the new facility was producing. Evergreen solar has spend millions trying to mitigate the noise even though most of the noise is caused by destruction of old buildings just beyond Evergreen Solar and by the rail line which has existed there since two centuries ago and the ambient noises of nature. The residents of Harvard (pronounced Whore Board in these parts) seem intent upon having Evergreen Solar’s permit to operate pulled. Chalk another one up for the largest group of environMENTAL cases in the country.
No problem. The plan is to turn all of us into welfare cases.
Of course not. They were Clinton’s biggest enablers when it came to China
That wins the post of the day award!!!
“The “green jobs” that will stay in the U.S. are landscaping and other low paying jobs. You will have the thrill of undercutting ILEGALS for those jobs.”
Yep!
Chinese invasion underway in Arizona
http://www.freerepublic.com/focus/f-news/2380014/posts
Remember, the chicoms are our “strategic partners”
Green jobs- Industries propped up by goverment because they make no economic sense. It’s ultimately funding of poorly performing energy sources so politicians can do the bidding of environmentalists.
NEvergreen will now change its name to The Longone Jobs Works of Gotchu, China.
When the stolen stimulus money goes to America there’s a chance to recover it. Sending it to China is just as good as burning it.
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