Categories
Economics Stimulus

Germany’s Green Disaster: Wave Of Solar Bankruptcies Wipes Off Almost 25 Billion Euros

Solar companies in Germany have lost 97% of their value reported Jörg Hackhausen of Handelsblatt in this article Germany’s Green Disaster: Wave Of Solar Bankruptcies Wipes Off Almost 25 Billion Euros Thursday, 12 July 2012

Centrotherm filed for bankruptcy on Wednesday.

The large German solar companies – SolarWorld, SMA Solar, Q-Cells, Conergy, Solon, Sola Millennium, Centrotherm, Phoenix Solar – have seen their value collapse by 97%.

In the U.S., the governments policies have been a disaster for Tax Payer money.

Solyndra failed last September.  Abound failed in June.

Christopher Martin and Justin Doom of Bloomberg reported in Solar Companies to Tap U.S. Funds Halted Since Solyndra that U.S. taxpayers lost $527,000,000 on Solyndra and another 40,000,000 on Abound.

They quoted Representative Mike Kelly, a Pennsylvania Republican as saying “loaning more money to solar manufacturers is “foolhardy and arrogant.””.

Fox news reported last year in Solyndra Not Sole Firm to Hit Rock Bottom Despite Stimulus Funding reported on the failures of Evergreen Solar Inc. and SpectraWatt.

 

 

 

Categories
Affordable Care Act

13,000 Pages of Regulations for New ObamaTax Law

We are drowning in new laws.  The consequences of Justice Roberts decision are the implementation of oceans of new regulations that will drown the contry.

Read Jim Hoft’s July 5th article on Gateway pundit.

Lawyers Have Already Drafted 13,000 Pages of Regulations for New ObamaTax Law

Categories
Affordable Care Act

Are We Being Too Hard On John Roberts?

An article titled “Are we being to hard on (Justice) John Roberts” by Ken Connor, July 5th, 2012 raises the provocative though that we may be being to hard on Justice John Roberts.

I don’t agree with his assessment, but it is an interesting article to read.

A thought to consider.  Justice Roberts did not join with the 4 liberal Justices.  The 4 liberal Justices joined with Justice Roberts.  Rather than accept the complete defeat of their law, instead they accepted Justice Roberts view that the law was a Tax.

Connor cites this quote from Justices Roberts decision.

“Members of this court are vested with the authority to interpret the law; we possess neither the expertise nor the prerogative to make policy judgments.  Those decisions are entrusted to our nation’s leaders, who can be thrown out of office if the people disagree with them.  It is not our job to protect the people from the consequences of their political choices. 

-Chief Justice John Roberts in NFIB vs. Sebelius

Categories
Economics Single Mothers

The Single-Mom Catastrophe

A Happy Fathers Day to you all.

Now how did this Op-Ed, “The single-mom catastrophe” by Kay S. Hymowitz  make it into the LaTimes on June 3, 2012. Ms. Hymowitz cites a study by Robert Lerman of the Urban Institute.

“Even among the mothers with the least qualifications and highest risks of poverty, marriage effects are consistently large and statistically significant.

Robert Lerman of the Urban Institute.

If Louisiana is to, ahem, ‘move forward’, then the States marriage policies that have led to the massive rise in children ‘born-not-of-the-marriage’ need to be rolled back.  These policies have impoverished a generation of our children.

 

 

Categories
Economics Fiscal Cliff

The upcoming fiscal cliff

The recent American Thinker posted an article by Jeffrey Folks titled “Fiscal Cliff, No Leader“. 

Mr. Folks reminds us that on January 1, 2013 the two year extension of the Bush tax cuts are set to expire. In addition, the balanced budget cuts on Medicare, on the military and on other programs are set to kick in.

The Chairman of the Fed, Ben Bernanke, also recently warned us of the ‘fiscal cliff’.  See “Fed Chairman Ben Bernanke warns of ‘fiscal cliff’ risks” by Don Lee on June 7, 2012 in the Los Angeles Times.

In addition to our rapidly approaching domestic issues, Europe is in the midst of a major financial crisis that could see the entire European economy implode.  Financial troubles in Iceland, Portugal, Greece, Italy, France and Spain, to mention just a few of the countries in trouble, may cause the global economy to crash.  For more information, see Rescue loans for Spain’s banks buys Europe time by CBS News.

Please encourage our leaders in the Federal government to address the upcoming financial issues that we face this fall.

 

 

 

 

 

 

 

 

Categories
Economics

Budget crisis

Congress is a mess. The U.S. Senate today failed yet again to produce a budget.  See Yahoo story

Even with Calculators on the Floor, the Senate Still Comes Up With a Zero on the Budget