Posts Tagged ‘Cronyism’
How have we gotten to the point where government can force private companies to pay for controversial services like abortion from another private company? Whatever happened to the freedom to VOLUNTARILY decide which products and services you want to purchase, and from whom?
In a move that sends the message that her role is a powerful one, Secretary of Health and Human Services Kathleen Sebelius has required health insurers to include Planned Parenthood as an “essential community provider” along with other doctors and health facilities in their networks.
Paul Bedard at the Washington Examiner (WE) reports that most of Planned Parenthood’s 750 health and abortion clinics in the country will be covered by ObamaCare. Sebelius’ command means that health insurers who wish to participate in the state health care exchanges must cover services by Planned Parenthood, as well as other “essential community providers,” such as AIDS clinics, pain management facilities, and alternative medicine providers.
[...] Though ObamaCare is not, technically speaking, supposed to cover abortions, the fact that Planned Parenthood has always had significant support from Sebelius, and is already an important player in the “navigator system”–assisting insurance advisers in signing Americans up for the exchanges–is a real concern for Americans seeking limited government and those who are pro-life.
Planned Parenthood, which she deems as an “essential community provider,” is part of the long list of local organizations that insurers are required to partner with. (Others, Bedard says, include lesbian and gay centers, family planning clinics, and “holistic” centers.)“We’ve never covered these sorts of thing,” a Wisconsin provider told Bedard. He, like most health care representatives, is probably horrified at the prospect of collaborating with an organization which (when it isn’t lobbying for infanticide) is on trial for government fraud and botched abortions. Unfortunately for Americans, Sebelius — not Congress — decides what belongs in state exchanges. And if her past relationships are any indication, taxpayers are in for even more surprises when ObamaCare goes into effect January 1.
Planned Parenthood is a bully, using the power of the state to force those who disagree with their practices to buy their grisly product, anyway.
We The People have been negligent in allowing government to wield this unconstitutional power and groups like PP to manipulate it.
How did we get to the point where we not only murder innocent children, but use tax dollars to pay the hit men?
“Indeed I tremble for my country when I reflect that God is just, that his justice cannot sleep forever.” ~ Thomas Jefferson
President Obama offered a defiant defense of government funding for Planned Parenthood Friday and urged the group’s members to help his administration sign up more women for benefits under his besieged health-care law.
The first sitting president to address Planned Parenthood, Mr. Obama accused conservative politicians of trying to “roll back the clock” on abortion rights and health-care services for women.
“They’ve been involved in an orchestrated and historic effort to roll back basic rights when it comes to women’s health,” Mr. Obama told the group’s annual convention in Washington. “When politicians try to turn Planned Parenthood into a punching bag, they’re not just talking about you, they’re talking about the millions of women who you serve. And when they talk about cutting off your funding, let’s be clear, they’re talking about telling many of those women, ‘You’re own your own.’
That is a bold-faced lie. Pro-life groups do more to support and provide services for women in crisis pregnancies than anyone else. And those services don’t involve murdering a child and scarring a woman for life!
Susan B. Anthony List President Marjorie Dannenfelser said Mr. Obama should have reproached Planned Parenthood officials for not doing more to stop the alleged violations at the clinic of Dr. Kermit Gosnell. Planned Parenthood officials in Philadelphia said they encouraged patients who complained to them about the clinic to report it to state authorities.
“President Obama blatantly ignored this inconvenient truth about the abortion industry’s horrific lack of oversight, and disparaged the pro-life advocates who wake up each morning with the goal of saving the lives of unborn children and women from the pain of abortion,” Ms. Dannenfelser said in a statement.
Instead, the president decried efforts across the country to limit women’s access to abortion services.
As he ended his speech, Obama blasphemously called on God to “bless” the largest child murder organization in the country.
“As long as we’ve got to fight to make sure women have access to quality, affordable health care, and as long as we’ve got to fight to protect a woman’s right to make her own choices about her own health, I want you to know that you’ve also got a president who’s going to be right there with you, fighting every step of the way,” said Obama. “Thank you, Planned Parenthood. God bless you.”
Murdering children is NOT health care, and the choice to kill a child is NOT a choice about one’s one health, but to end the life of another human being.
“Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter.” ~ Isaiah 5:20
Margaret Sanger, the founder of Planned Parenthood, referred to blacks as “human weeds” and “reckless breeders.” Ironic the first black president is the first president to speak to a child killing organization founded by a racist who targeted blacks. KKK should be applauding Obama’s speech today, for they had the same goals as Sanger.
Planned Parenthood is one of Obama’s biggest fans. They poured millions of dollars and volunteer hours into his re-election campaign, and have been rewarded handsomely for their support.
Obama has directed millions in federal taxpayer dollars into their coffers, sending his Justice Department to sue any state that tries to block taxpayer funding of abortion.
He is forcing all employers – even those with religious objections – to purchase insurance policies that include abortions. And Obamacare is on the verge of creating an enormous boom in business to the abortion industry, which they are preparing for by building enormous new abortion clinics.
Is it any wonder they invited him to be the keynote speaker at their annual fundraiser dinner?
It bears repeating that Obama strongly opposed the Illinois Born Alive Infants Protection Act, which would have required doctors to assist babies born as a result of a failed abortion. How about his opposition to a bill that would have prevented partial-birth abortion?
If Obama wanted to make abortion rare, would he be such a strong supporter of Planned Parenthood and its notorious abortion industry? No one could be more in bed with that organization than Obama, who is planning on attending the organization’s fundraising gala this coming Thursday.
Obama and the pro-abortion left don’t want to call attention to the grisly practices of Gosnell for a number of reasons. You can disguise the practice of abortion with euphemisms, such as “they snipped the baby’s spinal cord,” but in the end, we are talking about the intentional killing of human life, and it follows that a facility so morally corrupt as to routinely engage in that despicable practice might not dot and cross all its other ethical i’s” and t’s.
If Obama or the leftist media were to shine a disinfecting light on the Gosnell trial, it might lead to a public discussion on abortion and an inquiry into how widespread such abuses are. The less attention the left permits to be drawn to this the better.
But there are additional sinister reasons Obama and his liberal media cohorts have suppressed the news on this story, knowing as they do just how horrendous Gosnell’s clinic was.
The pro-abortion left ridicules and condemns Second Amendment advocates for being paranoid purists in opposing all restrictions on gun rights, but in the purist and paranoia categories, they make gun advocates look like pikers.
Abortion is the left’s holy grail; it is liberals’ sacred ritual, about which nothing negative may be uttered for fear that it might lead to even the slightest infringement on it. Likewise, the abortion lobby simply will not countenance any restriction on abortion or any negative light to be cast on any abortion practice or clinic for fear that it could lead to a slippery slope whereby abortion might actually become significantly rarer. That would be a big setback for the lucrative abortion industry and for the campaign blood money it generates for supporting politicians.
ObamaCare provides millions of dollars in grants to hire community activists and others as “navigators” to assist individuals enroll in health insurance provided by state or federal exchanges and, according to recent reports, register people to vote. In a new rule proposed Wednesday, HHS lays out numerous guidelines for these “navigators”, including paying them up to $48/hour for their work. The rule, guidelines and voter registration effort are a potential vehicle to resurrect ACORN or an ACORN-like entity.
[...] Requirements for “navigators” is that they have no existing insurance licenses or certifications, conflicting with several recently enacted state laws. They also must be attuned to racial, ethnic and cultural sensitivities, understand “underserved communities” and provide translation services for virtually every language. AARP, NAACP and SEIU are prominent members of Enroll America’s advisory board.
One health expert with close ties to HHS told Breitbart News, ”The navigator program, as evidenced by the leadership of Enroll America and yesterday’s rule from CMS, will be a jobs program for unemployable Obama For America campaign volunteers and ACORN remnants.”
[...] October 1st is the first day individuals can enroll for a program through the exchanges. The government, as a result, will have to hire and train tens of thousands of workers on the complex subject of health insurance over the next few months. Think of it as an enormous census program with less training for a more complex subject.
The rules allow navigators to come from the ranks of unions, health providers and community action groups such as ACORN and Planned Parenthood. They are required to provide unbiased advice.
Yeah, right. Good luck enforcing that!
Looks like all the money they dumped into Obama’s re-election campaign paid off. Obama has made sure that they will be amply rewarded with taxpayer money.
Planned Parenthood reported receiving a record $542 million in taxpayer support in fiscal 2012, marking a steady increase in government funding despite Republican-led efforts at the state and federal levels to cut off that stream.
The funding figures were included in the abortion provider’s annual report released Monday. The numbers showed roughly 45 percent of Planned Parenthood’s budget now comes from taxpayer dollars.
Pro-life groups quickly seized on the report to renew their calls for Congress to “defund” Planned Parenthood.
“Americans are sick and tired of underwriting the nation’s largest abortion business,” said Marjorie Dannenfelser, president of the Susan B. Anthony List.
The U.S. Department of Health and Human Services is referring women to abortion mills and to websites that attack Pregnancy Resource Centers that assist women dealing with unplanned pregnancies.
This is an administration that PROMOTES DEATH and ATTACKS MINISTRIES THAT HELP WOMEN, and they do it with YOUR tax money.
Enough is enough! Vote them out on November 6th!
Yep, you read that headline correctly. WomensHealth.gov is a “Project of the U.S. Department of Health and Human Services Office on Women’s Health.” This federal site has a page with a pretty long title: “Pregnancy > Before you get pregnant: Information for all women > If you are sexually active.” And, near the bottom of the page, there’s a section called “Connect with other organizations.” Most of the organizations are generally well-recognized medical groups – like the American Academy of Family Physicians. But two non-profits make the list as well: March of Dimes and Planned Parenthood.
Planned Parenthood is also listed as an organization to “connect with” on the “Knowing if you are pregnant” and “Unplanned pregnancy” pages. Of course, this should come as no surprise, since Kathleen Sebelius, Planned Parenthoodsupporter extreme, is the secretary of Health and Human Services.
Lest anyone question why I state that the federal government “refers” women to Planned Parenthood, let’s cover the definition of “refer.” Refer is defined as “to direct to a source for help or information.” By telling women that Planned Parenthood is an organization to connect with, the federal government is clearly directing women to the abortion giant for help.
[...] If that’s not enough evidence of bias by the federal government (and Kathleen Sebelius in particular), here’s the real kicker. Read this paragraph about crisis pregnancy centers, which you can find directly on the page linked to by the feds. It’s apparently not enough to basically advertise for Planned Parenthood. They have to condemn crisis pregnancy centers and the pro-life counselors who work there while they’re at it:
Family planning clinics, like your local Planned Parenthood health center, have specially trained staff who can talk with you about all of your options. But beware of so-called “crisis pregnancy centers”. These are fake clinics run by people who are anti-abortion. They often don’t give women all their options. They have a history of scaring women into not having abortions. Absolutely no one should pressure you or trick you into making a decision you’re not comfortable with.
As you can see, the additional link Planned Parenthood provides to “crisis pregnancy centers” is PP’s own article condemning the centers.
This, ladies and gentlemen, is your tax dollars hard at work, courtesy of Barack Obama and Kathleen Sebelius.
Project Veritas goes undercover to reveal where all our ‘stimulus’ tax money went to:
The Romney camp needs to shout these points from the rooftops. The average American who is too busy working and raising a family to pay close attention to politics is likely unaware of the depth of Obama’s scandalous cronyism, and they deserve to know!
President Obama’s record of rewarding political donors with taxpayer dollars and plum administration posts is facing a new round of scrutiny thanks to GOP challenger Mitt Romney’s effort to make it a central issue of the campaign.
“[President Obama] thinks it’s his right to give taxpayer money to those who have supported him financially,” former Gov. John Sununu (R., N.H.) said Tuesday on a conference call hosted by the Romney campaign. “It’s insulting to hard-working entrepreneurs who really do create jobs.”
The most publicized instance of so-called “crony capitalism”—investing taxpayer dollars in firms tied to political donors—is the failed solar panel company Solyndra. The Fremont, Calif., firm was the first to receive a taxpayer-backed loan guarantee from the Department of Energy (DOE) in September 2009, worth more than $530 million. The funding for the loan was allocated in the controversial stimulus package passed earlier that year.
Obama bundler George Kaiser was a major stakeholder in Solyndra through his Kaiser Family Foundation, and made several trips to the White House in March 2009 to meet with senior administration officials. In July 2009, Kaiser bragged about securing face time with “all the key players in the West Wing of the White House,” as well as his “almost unique advantage” when it came to steering taxpayer funds toward his pet causes.
“There’s never been more money shoved out of the government’s door in world history, and probably never will be again, than in the last few months and in the next 18 months,” Kaiser told members of the Tulsa Rotary Club. “And our selfish parochial goal is to get as much as it for Tulsa and Oklahoma as we possibly can.”
Although things did not pan out for Solyndra—the company filed for bankruptcy in September 2011—Kaiser can expect to see a better return on his investment than American taxpayers. As part of an agreement to restructure Solyndra’s loan agreement in 2010, Obama’s DOE granted priority status to private investors like Kaiser with respect to the first $75 million recovered in the event of the firm’s bankruptcy, a move that many suspect violated federal law.
Taxpayers, meanwhile, are unlikely to recover much of the money invested on their behalf.
H/T Weasel Zippers
Obama Gives Millions In Taxpayer Dollars To Planned Parenthood After States Defund Them For Medicaid Fraud
Since Planned Parenthood throws so much money into Obama’s campaign coffers, he has fought tooth and nail to keep taxpayer money flowing into their clinics, regardless of their proven illegal activities.
Several states have either passed or are near passing new laws that would effectively bar Planned Parenthood from receiving government money, including Medicaid reimbursements.
The Obama administration has come to Planned Parenthood’s rescue. In the first of these instances, the administration has sent a letter to Indiana that says it is basically illegal to cut off Planned Parenthood Medicaid funding.
The Health and Human Services Department’s Medicaid administrator, Donald M. Berwick, said Indiana’s plan will improperly bar beneficiaries from receiving services. Federal law requires Medicaid beneficiaries to be able to obtain services from any qualified provider. “Medicaid programs may not exclude qualified health care providers from providing services that are funded under the program because of a provider’s scope of practice,” Dr. Berwick wrote.
But while this struggle rages, there is a question nobody wants to ask: How can Planned Parenthood continue to get taxpayer money when it has repeatedly been found responsible for filing fraudulent claims for government reimbursement?
We are not talking about a simple mistake by a rogue employee. We are talking about mounting evidence of the systematic overbilling of taxpayers in states all across the country.
[...] The states have to repay millions of dollars to the federal government because Planned Parenthoodwrongly claims that nearly all its services are “family planning” when they are not, yet the federal government is threatening to punish the states for cutting off funds to Planned Parenthood.
Looking at this situation, one might think that Planned Parenthood has a stranglehold on the Obama administration and is using its political clout to increase its profits and to thwart efforts by citizens all across the country to hold Planned Parenthood accountable for its actions.
Wait a minute. Wasn’t it President Obama and Senate Majority Leader Harry Reid who, a couple of months ago, threatened to close down the federal government and stop paying our soldiers if one penny was taken away from Planned Parenthood in the 2011 federal budget?
Steven Ertelt reports that Obama recently awarded Planned Parenthood $1.2 million federal tax dollars in Tennessee after the state defunded them:
LifeNews reported today on new funding the Obama administration is sending to a Planned Parenthood abortion business in Memphis, Tennessee. As more details have surfaced about the funding, pro-life advocates are up in arms over it.
The Obama administration has sent a family planning grant of $395,000, but additional information shows the grant is an annual one that the abortion giant will receive in Memphis for three years — totaling almost $1.2 million. Barry Chase, executive director of Planned Parenthood Greater Memphis, told the Tennessean newspaper that the money from the Obama administration will replace the $700,000 in funding the state formerly provided it.
“By funneling federal tax dollars to abortion providers in Tennessee, Barack Obama has proven once again why he needs to be defeated for a second term. Tennessee has taken a stand against Planned Parenthood’s pro-abortion shell game and defunded these organizations for a reason,” he said in a statement. “”Tennessee has taken a stand against Planned Parenthood’s pro-abortion shell game and defunded these organizations for a reason.”
Marjorie Dannenfelser, president of the Susan B. Anthony List, is also upset.
“From day one of his presidency, Obama has gone to extremes to support Planned Parenthood, America’s largest abortion provider,” she said in a statement to LifeNews. “He has refused to yield in the face of Planned Parenthood’s scandals including their exposure as an ally of alleged human traffickers and as willing to turn a blind eye to sex-selective abortion in their clinics. Additionally, it defies reason to send more federal funds to an organization that has been found culpable in the waste, abuse, and potential fraud of millions of taxpayer dollars.”
She continued: “Clearly, protecting Planned Parenthood’s taxpayer funded bottom line – and not protecting women and girls – is President Obama’s top priority. Come November, the SBA List will work to ensure voters remember this at the ballot box.”
What does the Left care how much taxpayer money he loses on these “investments”? They’re gambling with other people’s money!
Another stimulus-backed solar panel maker, one the president touted in a weekly radio address, is filing for bankruptcy. The administration’s green-energy efforts continue to grow a deeper shade of red.
After receiving some $70 million in federal loans, Abound Solar, a Colorado-based firm that was developing thin-film solar panels, has announced it will follow an earlier Obama administration green energy failure, Solyndra, into bankruptcy.
Like Solyndra, Abound’s bankruptcy is a bitter echo of the hype generated by President Obama in his weekly radio address exactly two years ago when he touted his push for a clean energy economy. Abound Solar, he said, would manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs at plants in Indiana and Colorado.
Abound apparently wasn’t even helped by last July’s $9.2 million Export-Import Bank loan to support exports of thin-film solar photovoltaic modules to Punj Lloyd Solar Power Ltd., a company in India building a 5-megawatt solar project located on a 62.5-acre site near the village of Bap.
Three years ago, when Obama’s Department of Energy started approving roughly $16 billion in federal loan guarantees for solar energy companies, the DOE agreed to put taxpayers’ money behind startups that were working on ways to make solar panels cheaper. Two, Solyndra and Abound, have now gone belly-up.
The other two solar manufacturing companies with loan guarantees, SoloPower and 1366 Rechnologies, have not actually borrowed any taxpayer money so far. This is probably a good thing as solar energy’s promise is eclipsed by a real energy boom in oil and natural gas from shale. It is also fortunate for taxpayers that Abound drew only $70 million out of a $400 million line of credit.
In a January report, Sheryl Attkisson of CBS News counted at least 12 clean-energy companies that were having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five had filed for bankruptcy: the junk bond-rated Beacon Power, Evergreen Solar, SpectraWatt, AES subsidiary Eastern Energy and the now-infamous Solyndra. Now we have a sixth — Abound Solar.
“Fascism is socialism with a capitalist veneer.” ~ The Concise Encyclopedia of Economics
One of the reasons why many of the “Occupiers” dislike Obama is that they don’t think he’s Socialist enough, because he does engage in cronyism with big corporations that support his agenda and fund his campaign. They would prefer to see most companies and industries outright nationalized. Obama prefers to control them from behind the scenes while pretending to support the free market, like he’s done with GM.
Whichever economic strategy he uses, the end goal is the same: total autocratic control from the Executive branch, the sidelining of the co-equal federal branches and our constitution into irrelevancy, and the “fundamental transformation” of our nation and economy into a Leftist Utopia ruled by elitists.
It bothers me a little when conservatives call Barack Obama a “socialist.” He certainly is an enemy of the free market, and wants politicians and bureaucrats to make the fundamental decisions about the economy. But that does not mean that he wants government ownership of the means of production, which has long been a standard definition of socialism.
What President Obama has been pushing for, and moving toward, is more insidious: government control of the economy, while leaving ownership in private hands. That way, politicians get to call the shots, but, when their bright ideas lead to disaster, they can always blame those who own businesses in the private sector.
Politically, it is heads-I-win when things go right, and tails-you-lose when things go wrong. This is far preferable, from Obama’s point of view, since it gives him a variety of scapegoats for all his failed policies, so that he no longer has to use President Bush as a scapegoat all the time.
Government ownership of the means of production means that politicians also own the consequences of their policies, and have to face responsibility when those consequences are disastrous — something that Barack Obama avoids like the plague.
Thus the Obama administration can arbitrarily force insurance companies to cover the children of their customers until the children are 26 years old. Obviously, this creates favorable publicity for President Obama. But if this and other government edicts cause insurance premiums to rise, then that is something that can be blamed on the “greed” of the insurance companies.
The same principle, or lack of principle, applies to many other privately owned businesses. It is a very successful political ploy that can be adapted to all sorts of situations.
[...] What socialism, fascism, and other ideologies of the Left have in common is an assumption that some very wise people — like themselves — need to take decisions out of the hands of lesser people, i.e., the rest of us, and impose those decisions by government fiat.
The vision of those of the Left is not only a vision of the world, but also a vision of themselves as superior beings pursuing superior ends. In the United States, however, this vision conflicts with a Constitution that begins, “We, the People . . . ”
That is why the Left has for more than a century been trying to get the Constitution’s limitations on government loosened or evaded by judges’ new interpretations, based on notions of “a living Constitution” that will take decisions out of the hands of “We, the People,” and transfer those decisions to our betters.
Yes, apparently they really are this stupid!
The Obama Justice Department has dropped all pretenses and is now referring media inquiries to George Soros’s left-wing Media Matters.
The Washington Free Beacon reports:
“In response to an inquiry from the Free Beacon, a Justice Department spokeswoman said in an email that she ‘was told to direct your questions to the FBI, and also to provide you with a link to this story…’ The link was to a story at the George Soros-funded Media Matters for America….”
[...] By making hyper partisan Media Matters an all-but-official part of its PR department, Barack Obama’s Justice Department has confirmed that any facade at fairness on its part is as false as those Grecian columns Obama used in Denver four years ago.
Here we go again!
The Energy Department said Thursday it expects to begin tentatively approving new taxpayer-backed loans for renewable energy projects in the coming months.
The announcement comes about seven months after Solyndra, the California solar firm that received a $535 million loan guarantee from the administration in 2009, went bankrupt, setting off a firestorm in Washington.
The list of solar companies that have ALREADY gone belly-up, taking billions in taxpayer money with them, is already lengthy:
This is just the short list of energy companiesbacked by President Barack Obama that have failed. President Obama has wasted tax payer money on these companies and he wants you to re-elect him so he can give you more of the same.
Being the ideologue that he is, he WONT back down from funding more fake (meaning they have never proven themselves profitable or actually have made a product that works)
Can the United States of America REALLY afford FOUR MORE YEARS of this president?
List Of Failed Green Energy Jobs – By Obama
- Solar Trust of America: FAIL
- Bright Source: FAIL
- Solyndra: FAIL
- LSP Energy: FAIL
- Energy Conversion Devices: FAIL
- Abound Solar: FAIL
- SunPower: FAIL
- Beacon Power: FAIL
- Ecotality: FAIL
- A123 Solar: FAIL
- UniSolar: FAIL
- Azure Dynamics: FAIL
- Evergreen Solar: FAIL
- Ener1: FAIL
The Daily Caller reports that the DOE funded these loans even though the firms had ‘junk bond’ ratings:
The U.S. Department of Energy backed hundreds of millions of dollars in loans for discredited solar power start-ups whose corporate debt was already sullied with “junk” ratings by Standard & Poor’s and Fitch Ratings, two of the world’s leading credit agencies, a federal government investigation has shown.
Despite the finding, Energy Secretary Steven Chu vigorously defended the ethics of his agency in a hearing last week held by House Oversight Committee Chairman Rep. Darrell Issa.
Details are emerging this week about the Energy Department’s practices that indicate the agency spent a disproportionate amount of funding on these tainted solar power projects.
Some people just can’t accept reality and refuse to learn. If only their stupidity affected just their OWN money instead of MINE!
How is our tax code influenced by special interests?
Randall Holcombe, Professor of Economics explains how cronyism in the tax code can benefit special interest groups, and he discusses how we can address this cronyism by reducing the spending power of the government.
“If you really want to understand the nature of our tax code, don’t ask yourself, ‘Why aren’t these provisions in the public interest?’ That’s not how taxes are passed. Ask yourself, ‘Who benefits from these taxes, and how much political power do they have?’” — Professor Randall Holcombe
H/T Mike Kubinec
More hard-earned taxpayer money flushed down the “green” drain. Hey Obama, if you insist on “investing” in risky ventures, do it with your OWN MONEY for once!
Another stimulus-backed solar panel maker, one the president touted in a weekly radio address, lays off most of its workers. The definition of insanity is doing the same thing and expecting a different result.
President Obama is the Little Orphan Annie of presidents. He is always singing that the sun will come out tomorrow and shine on the American economy and his dreams of green energy. Yet companies such as Solyndra have proved the rule rather than the exception, producing more pink slips than green jobs as solar power and alternative energy continue to be eclipsed by advances in fossil fuel production.
The latest casualty is Abound Solar Manufacturing. The Longmont, Colo.-based recipient of a $400 million federal loan guarantee to expand solar panel production said Tuesday it is laying off 280 workers and delaying a new factory in Indiana. That amounts to a 70% reduction in its workforce.
The company says it’s merely restructuring. “We are facing tough market conditions and falling prices,” said Steve Abely, Abound’s chief financial officer, in remarks eerily reminiscent of Solyndra’s last will and financial testament.
Lost in the tap-dancing verbiage is the simple fact that solar power is not financially competitive without subsidies like Abound and Solyndra have received.