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Another Govt-Backed Solar Company Crashes
Newsmax ^ | 12/01/14 | Ira Stoll

Posted on 12/04/2014 7:38:43 PM PST by Pining_4_TX

The recent Chapter 7 bankruptcy and liquidation filing of the Toledo, Ohio-based solar-panel manufacturer Xunlight Corp. has attracted barely any national attention.

Maybe it’s gotten to the point — after Solyndra, Evergreen, Abound, and Satcon — that the failure of another government-backed alternative energy company is a dog-bites-man story. It’d be newsworthy if any of them actually ever succeeded.

But it’s worth pausing for an autopsy and retrospective on Xunlight, because it’s a great (or terrible, depending on how you look at it) example of how government at all levels — state and federal — and in both parties — Republican and Democratic —wastes taxpayer money by subsidizing politically connected businesses.

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Government; US: Ohio
KEYWORDS: alaskaoil; corruption; govsarahpalin; renewableenergy; solar; solarfraud; solarscam
Republicans, Democrats, is there any difference? So-called conservatives, such as Sarah Palin, play the same games as the rest. Government spending won't decline until the debt finally hits the fan.
1 posted on 12/04/2014 7:38:44 PM PST by Pining_4_TX
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To: Pining_4_TX

True. Such enterprises fail because of big packages for management and high prices. They take what they can and run. And yes, the politician you mentioned has parents who received their incomes from the state (public schools). The paradigm of big spending and regulations against productive activities will end with the end of the default process. Only then, can we rebuild and produce.


2 posted on 12/04/2014 8:18:47 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Pining_4_TX

Why mention Mrs. Palin in your rant. She in fact has a record of not participating in crony capitalism.Perhaps you are suffering PDS still


3 posted on 12/04/2014 8:30:09 PM PST by Nifster
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To: Nifster

Because so many are enamored of Palin even though her record is not what they think it is. As governor of Alaska, she jacked up taxes on oil companies in order to dole out more to the citizenry. That, my friend, is socialism.

After many years of observing politicians, I have come to realize that they are all in the business of giving away stuff that isn’t theirs.

BTW, I don’t suffer from PDS, just OBS (Old Brain Syndrome).
:-)


4 posted on 12/04/2014 8:34:16 PM PST by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: Pining_4_TX

>>>As governor of Alaska, she jacked up taxes on oil companies in order to dole out more to the citizenry.<<<

Yeah, that proud accomplishment of hers always puzzled me.


5 posted on 12/04/2014 8:44:34 PM PST by Bronzy
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To: Pining_4_TX

How interesting that you seem to think that Mrs. Palin while Governor was really a dictator who could pass legislation with no input from the state’s legislative bodies


6 posted on 12/04/2014 8:56:35 PM PST by Nifster
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To: Pining_4_TX

Some questions:
How much of a government grant?
How much in contributions to the DNC or Democratic candidates?
How much of a fat package for the CEO of this scam?


7 posted on 12/04/2014 9:14:57 PM PST by Fred Hayek (The Democratic Party is now the operational arm of the CPUSA)
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To: Pining_4_TX; Bronzy; Nifster; onyx; 2ndDivisionVet
As governor of Alaska, she jacked up taxes on oil companies in order to dole out more to the citizenry.

Don't let facts get in your way...

...Palin, fiscal conservative
Alaska Dispatch News
September 19, 2008

Sarah Palin presents herself to the nation as a fiscal conservative. How does her record stack up?

Alaska's unique financial circumstances make it hard to give a traditional assessment.

BIG TAX INCREASE, BUT ...

As governor, Palin presided over the largest tax increase in Alaska history -- but it was a tax increase paid by a handful of multinational oil companies. She took on the state's most powerful industry and ensured Alaskans get their fair share of income from oil development, most of which occurs on publicly-owned land.

Gov. Palin asked the Legislature to reform the state oil tax that was passed during Alaska's bribery scandal. The Legislature took her proposed $600 million oil tax increase and boosted it to capture even more of the windfall from high oil prices. The new tax netted Alaska an extra $2 billion last year compared with the old tax, even allowing for increased oil prices.

BIG STATE BUDGET, BUT ...

Gov. Palin presided over the largest state budget in Alaska history -- $9.8 billion for the current year -- but it was a budget fueled by those billions of dollars in oil money, plus more billions in federal funding. And that budget included setting aside $2 billion as savings.

The state budget would have been even bigger if she hadn't cut a half billion dollars worth of pork from the first two capital budgets the Legislature sent to her. Though she left the operating budget unscathed both years, she cut $230 million (about 12.5 percent) from the capital budget the first year and $268 million (less than 10 percent) her second year. The cuts were deeply unpopular with legislators of both parties. ...


8 posted on 12/04/2014 9:24:24 PM PST by WVKayaker (Impeachment is the Constitution's answer for a derelict, incompetent president! -Sarah Palin 7/26/14)
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To: Pining_4_TX
Should the Citizens of a State give away their Natural Resources for Free to For Profit Corporations?

Instead of a bloated State Government receiving the Spoils, the Citizens (Taxpayers) of Alaska were the recipients, not the Bureaucrats.

I'm not sure if that would be considered Socialism. The money was not confiscated from one Citizen to reward another. The Energy Corporations were paying for a Product that they Refined and Distributed to earn a Profit.

That's how I see it anyway.

9 posted on 12/04/2014 9:26:34 PM PST by Kickass Conservative (If you thought the Mulatto Marxist was bad, wait until the Menopausal Marxist is Elected.)
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To: Pining_4_TX

Governor Palin’s Executive Accomplishments

Posted on June 30 2012 - 7:13 PM - Posted by: 

Awhile back, Whitney Pitcher and I put together a list of Governor Palin’s executive accomplishments. That list later became an article featured on Breitbart’s Big Government, as an answer to those who proclaim that Governor Palin was somehow "unqualified" to be on the 2008 Republican ticket. Using facts and historical record, Whitney and I compiled a list that proves every single-one of these people wrong. Keep in mind, most of the people making this assertion (including former McCain staff members), voted for a junior senator from Illinois (with a less than stellar record) in that election.

I wanted to make this information available in list form, as a resource for our readers to help educate America about the good work that Governor Palin has done throughout her career. This information also confirms that Governor Palin was more than qualified to serve as this nation’s Vice President.

 

Governor Sarah Palin’s Executive Accomplishments

 

Executive Authority and Success

“[I]t turns out that the Governor’s office in Alaska is one of the country’s most powerful. For more than two decades Thad Beyle, a political scientist at the University of North Carolina, has maintained an index of "institutional powers" in state offices. He rates governorships on potential length of service, budgetary and appointment authority, veto power and other factors. Mr. Beyle’s findings for 2008 rate Alaska at 4.1 on a scale of 5. The national average is 3.5.”

·     Palin had a 89% and 93% approval rating in May 2007:

"Gov. Sarah Palin, a Republican, has earned 89% and 93% approval ratings in two recent polls. She has won nearly universal support because of her strong stand for honest government in the face of a corruption probe into other members of her party. Her support of a proposed natural gas pipeline to the continental USA has helped, too. "Her strength is her independence," says Alaska pollster David Dittman of Dittman Research in Anchorage. "She distanced herself from the old boy Republican regime and has been completely non-partisan." Alaska Democratic Party Chairman Jake Westbrook credits Palin with working across party lines on issues where there is agreement."

  • "The triumph came in Alaska where Sarah Palin, a politician of eye-popping integrity, was elected governor. She is now the most popular governor in America, with an approval rating in the 90s, and probably the most popular public official in any state." – Fred Barnes,The Weekly Standard 07/16/07
  • Governor Palin’s approval rating average from the time of her inauguration until John McCain selected her to serve as the vice presidential candidate in 2008, was 77.38%

Budgeting and Spending

  • Cut state spending between 2007 and 2010 by 9.5%.
  • Reduced federal earmark requests by more than 80%:

In FY2007, Gov. Frank Murkowski requested $350 million in federal appropriations, which Gov. Palin reduced to $256 million in FY2008,$198 million in FY2009, and $69 million in FY2010.

  • Invested $5 billion in state savings, overhauled education funding, and implemented the Senior Benefits Program to provide support for low-income older Alaskans.
  • Stopped the "Bridge to Nowhere" and wanted to redirect the federal funds to Minnesota after the bridge collapse in 2007. In an email to her staff, she wrote:

[W]e MUST come out with a strong position against AK ‘ s perceived " Bridge to Nowhere" so we quit looking clueless and selfish across the nation and can clear up the perception that the Gravina project is the state ‘ s priority . The $350m bridge is not our priority.

The nation needs to be spending $ on fixing what we have – Minnesota needs " bridge money" today more than we need a few Alaskans to perpetuate the nonsensical notion that our Gravina earmark is more important than fixing aged infrastructure. We would gain so much if we get that message out there – that the nation can pull, and work , together and make wise decisions on federal priorities … we should see that earmark redirected to Minnesota ‘ s tragedy be the Gravina bridge isn’t going to happen on our watch anyway.

  • Rejected much of President Obama’s "stimulus money" in 2009. During a press conference on the matter, she said:

“We are not requesting funds intended to just grow government. We are not requesting more money for normal day-to-day operations of government as part of this economic stimulus package. In essence we say no to operating funds for more positions in government."

Also stating in a press release:

"As I wrote to our congressional delegation on January 7, our administration recognizes that President-elect Obama and the congressional leadership of both parties favor the use of formulas to ensure fairness among the states and to avoid the earmark abuses of the past.

We also have to be mindful about the effect of the stimulus package on the national debt and the future economic health of the country. We won’t achieve long-term stability if we continue borrowing massive sums from foreign countries and remain dependent on foreign sources of oil and gas."

The Governor vetoed nearly a quarter of a billion dollars of projects contained within Senate Bill 53. Establishing a budget process, the Governor focused her decisions on the Constitutionally-mandated services of education, public safety and health, and infrastructure.

In all, $268 million was vetoed from the budget bills. "The budgets will provide needed services, will leverage other funds and will make a significant investment in Alaska’s future,” Governor Palin said.

After funding the state’s priorities, putting billions away in savings and still seeing a budget surplus, the Legislature agreed to a special one-time payment, sharing part of our resource wealth with Alaskans, who under our Constitution are the owners in common of these resources, and who I believe can decide better than government how to use that share.”

For the second year in a row, unemployment insurance tax rates have dropped.

“The 2009 unemployment insurance tax rates will be the lowest Alaska employers have experienced in 29 years,” Governor Palin announced today. An employer in the average rate class will pay approximately $93 less for each employee than in 2008. The rates are applicable to the first $32,700 of the individual employee earnings

Fiscal Management

·         Standard & Poor’s raised Alaska’s credit rating from AA to AA+ in April, 2008:

“Our fiscal prudence is being recognized by the financial markets. It affirms our efforts to control government spending and live within our means,”Governor Palin said. “We have been working hard advocating for Alaska, both within the state and outside, and I am pleased to see it paying off.”

·         Moody’s upgraded Alaska’s credit rating to AAA in November 2010 and Standard & Poor’s upgraded Alaska to AAA too in January in large part due toGovernor Palin’s policies as indicated below. Each  italicized bullet point is a point provided by Standard and Poor’s as an indicator for credit upgrade:

o    “The state’s strong financial management and generally conservative forecasting”: during her tenure, Governor Palin cut spending 9.5% and reduced earmarks 80%.

o    “The state’s financial flexibility, enhanced by the maintenance of large reserves derived from windfall oil revenues since fiscal year 2008”: Governor Palin’s oil tax reform plan implemented in FY2008 was aseverance or production tax on oil companies—a tax they paid as a recompense for developing the Alaskan owned natural resources has helped create fiscal reserves for the state.

o    “The state’s moderate debt burden”: During her tenure, Alaska’s overall debt decreased nearly more than 157 million dollars between FY2007 (her predecessor’s final budget year) and FY2010 (her final budget year), while debt outstanding increased at 4.2% annual rate (between FY 2007 and FY 2010) compared to the 6.8% annual rate of her predecessor (between FY2003 and FY2007).

o    "An accumulation of multiple budget reserves equal to more than 200 percent of the general fund budget”: Due to legislation like ACES and the frugal budgeting of Governors Palin and Parnell, Alaska now has a 12 billion dollars in savings. During the VP campaign, Governor Palin was able to tout a more than $5 billion surplus.

“Gov. Sarah Palin didn’t ask for a pay raise and won’t accept one during her current term.”

Energy

Governor Palin’s AGIA legislation was conducted out in the open, made use of a competitive bidding process and placed not only Alaska, but the nation on a path toward energy independence.

  • The stated purpose of AGIA is to expedite the development of a natural gas pipeline that:
    • Facilitates commercialization of North Slope gas resources in the state.
    • Promotes exploration and development of Alaska’s oil and gas resources.
    • Maximizes benefits to the people of the state from the development of oil and gas resources.
    • Encourages oil and gas lessees and other persons to commit to ship natural gas from the North Slope to a gas pipeline system for transportation to markets in Alaska or elsewhere.

PSIO addresses lax maintenance practices on the North Slope that came to light last year after corroded pipelines spilled 200,000 gallons of oil, leading to production shut-downs at Prudhoe Bay and interruption in the flow of oil revenue to the state, she said.

PSIO requires industry to establish and maintain quality assurance programs, and requires the state to inspect facilities to ensure operators comply with those programs. PSIO will also search for any gaps in laws, regulations or industry practices that threaten the integrity of the state’s oil and gas infrastructure. If necessary, the office will step in and exert the state’s authority as issuer of development leases to ensure the system and the state’s interests are protected.

"What bothers me is that Alaska tried it Exxon’s way. The result was a contract that is not viable. It did not have the support of the public or the legislature. That’s why we need a competitive, open, and transparent process,” said Governor Palin. “It’s painfully obvious that Exxon Mobil does not want that process. We know exactly where we’re going and have a plan to move forward. Exxon doesn’t like that plan because it puts the interests of Alaska and the nation, first – and not Exxon.”

Jobs and Business Growth

Jobs:

        Business growth and opportunity:

Ethics Reform and Transparency

She has pushed through ethics legislation amid a burgeoning corruption investigation of Alaska lawmakers. She has bucked her party’s old guard. And she has ordered her administration to seek fewer congressional earmarks.

"What separates her from the others is that at a time when Republicans have suffered from the corruption, she represents clean politics" John J. Pitney Jr. December 27, 2007

Education

“My goal is to get more money into the classroom; the teaching profession will be honored and teacher profiles elevated on my watch; educ is priority; nothing’s more impt than our kids; I want Ak to feel the same vigor for educ as we have for the gasline; we’ll succeed in forward funding ( eventually ); on our watch our students will have opportunity to be successful via our innovative educ reforms.”

Health Care

The bill would establish an Alaska health care information office to give consumers factual information on quality, cost and other important matters to help them make better-informed decisions about health care in the state. Recognizing that health care must be market-and business-driven, rather than restricted by government.

Support for Constitutional Rights

2nd Amendment

        10th Amendment

  •  Sued the federal government when the Department of the Interior began listing the polar bear as a threatened species because it such a listing would hamper Alaska’s economy:

“Inappropriate implementation of this listing decision could result in widespread social and economic impacts, including increased power costs and further increases in fuel prices, without providing any more protection for the species,” Department of Natural Resources Commissioner Tom Irwin said.

“While the state is challenging the listing, we remain committed to assuring Alaska’s polar bears are conserved,” Governor Palin said. “The state will continue to monitor Alaska’s polar bear populations and their behaviors in relation to changing sea ice conditions.”

“The State of Alaska has worked cooperatively with the federal government to protect and conserve beluga whales in Cook Inlet,” said Governor Palin. “This listing decision didn’t take those efforts into account as required by law.”

[…]

“While challenging the listing, we will continue to protect beluga whales,” said Governor Palin. “We will also be assisting Alaskan communities and stakeholders with navigating the complex bureaucratic process this listing decision imposes on their projects and working cooperatively with federal agencies on the required consultations, designations of critical habitat and development of a recovery plan and objectives.”

  • Chose to monitor rather than participate in national standards for education, noting that state and local standards and accountability are better. Instead, she chose to implement a pilot program to improve readiness for school, to employ an initiative to ensure struggling school districts have the needed capacity to serve their students, and maintain a state director of rural education:

“The State of Alaska fully believes that schools must have high expectations of students,” Governor Palin said. “But high expectations are not always created by new, mandated federal standards written on paper. They are created in the home, the community and the classroom.”

  • Transitioned responsibility for the quality of Alaska water resources from federal to state control.

      State Constitution:

Vetoed HB4001 which prohibited the commissioner of the department of administration from adopting same-sex regulations:

"HB4001, is unconstitutional given the recent Court order of December 19th, mandating same-sex benefits. With that in mind, signing this bill would be in direct violation of my oath of office.”

Military

Alaska is the first line of defense in our missile interceptor defense system. The 49th Missile Defense Battalion of the Alaska National Guard is the unit that protects the entire nation from ballistic missile attacks. It’s on permanent active duty, unlike other Guard units.

As governor of Alaska, Palin is briefed on highly classified military issues, homeland security, and counterterrorism.

She’s also the commander in chief of the Alaska State Defense Force (ASDF), a federally recognized militia incorporated into Homeland Security’s counterterrorism plans.

Palin is privy to military and intelligence secrets that are vital to the entire country’s defense. Given Alaska’s proximity to Russia, she may have security clearances we don’t even know about.

Sanctity of Life

Civil and Safety Issues

Organizations


10 posted on 12/04/2014 9:43:38 PM PST by Bratch
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To: Bratch

Governor Sarah Palin’s Executive Accomplishments

Thanks for that.


11 posted on 12/04/2014 9:47:13 PM PST by Balding_Eagle (The Gruber Revelations are proof that God is still smiling on America.)
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To: Pining_4_TX

BIG GOVERNMENT IS CRONY SOCIALISM

Socialism Is Legal Plunder

You would use the law to oppose socialism? But it is upon the law that socialism itself relies. Socialists desire to practice legal plunder, not illegal plunder. Socialists, like all other monopolists, desire to make the law their own weapon. And when once the law is on the side of socialism, how can it be used against socialism? For when plunder is abetted by the law, it does not fear your courts, your gendarmes, and your prisons. Rather, it may call upon them for help.

To prevent this, you would exclude socialism from entering into the making of laws? You would prevent socialists from entering the Legislative Palace?

http://www.usdebtclock.org

CONFISCATE their assets.


12 posted on 12/05/2014 1:24:58 AM PST by PGalt
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To: Kickass Conservative
The money was not confiscated from one Citizen to reward another. The Energy Corporations were paying for a Product that they Refined and Distributed to earn a Profit.

Other states have oil extraction taxes, but the salient difference is that they do not pay their property owners a dividend out of that (although ND has reduced income and property taxes).

13 posted on 12/05/2014 1:37:16 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: WVKayaker

And of course she was a dictator who just signed executive orders rather than bills passed by the legislature /s


14 posted on 12/05/2014 4:38:12 AM PST by Nifster
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To: Pining_4_TX

Hands out-don’t bailout!


15 posted on 12/05/2014 10:11:07 AM PST by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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To: TurboZamboni

Hands in pockets - don’t be a marxist


16 posted on 12/05/2014 10:15:35 AM PST by 1Old Pro
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To: WVKayaker

Ooh, whenever somebody starts talking about “fair share” I know he or she is getting ready to pick somebody’s pocket. The problem is, of course, so much land being owned by government, so that it really belongs to everybody and nobody.

However, taking money that companies or individuals earn and then passing it out to people who had nothing to do with creating the wealth is not what I would call conservative. From each according to his ability; to each according to his need. Where have we heard that before?

Sorry, as we say in Okieland, that dog won’t hunt.

It isn’t just Palin, either. It’s all politicians. Sen. Inhofe talks like a big conservative, but he makes sure Oklahoma gets its “fair share” of pork. This is why government spending will not go down. Voters want their “free” stuff.


17 posted on 12/05/2014 2:27:38 PM PST by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: TurboZamboni

I like that!


18 posted on 12/05/2014 2:28:29 PM PST by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: WVKayaker

okay, Thanks for the update on how we are being screwed.


19 posted on 12/05/2014 9:47:47 PM PST by Bronzy
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