Jump to content



Photo

$58M Government Fiasco: Evergreen Solar closes


  • Please log in to reply
No replies to this topic

#1 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,882 posts

Posted 14 January 2011 - 11:45 AM

A truly free market would not have seen the housing crisis because those loans would have not been made without government pressure to loan to those who were bad credit risks. World economies (and people) have suffered.
Political Pressure Turned Fannie Mae Into Drunken Lending Fool

Likewise "Green" jobs are not market driven while domestic oil production has been shut down by government.
So we have $3 gas stifling potential US growth and $58 million in the waste basket and 800 people laid off.

Evergreen Solar Closing Devens Plant: The Saga Continues
Evergreen Solar received $58M in state aid to open a factory in 2008. It will now shut the plant and lay off 800 people.

Edited by Rogerdodger, 14 January 2011 - 11:59 AM.