Remember when Obama promised us unemployment would remain less than 8%, and we'd have lots of new "green jobs" with American Recovery & Reinvestment Act of 2009?
The results are in; BP Solar has ceased production of solar cells at its Frederick, Md., plant and will lay off 320 of the 430 employees there. This ends all of BP’s solar cell manufacturing in the U.S. Funny how this coincides with the increase in government mandated health care costs to employers, making each job in the USA cost more and thus become less competitive worldwide. Just one of the unintended consequences of Obamacare. These jobs have moved to BP’s production plant in Xi’an, China, or their joint venture in India.
Aren't you glad we spent a trillion dollars to move existing green jobs to India and China, with money we didn't have?
BP ending solar cell manufacturing is just another clear demonstration that when government tries to do something, they generally get the opposite, or the unintended consequences far outweigh any benefit.
Did the government's "War on Poverty" reduce poverty in the US, specifically for inner city poor? The unintended consequences of the “War on Poverty” have been the destruction of the nuclear family in inner cities, and generations of poor people dependent on the government.
How about "Cash for Clunkers", instead of helping US automakers, most of the money went to import companies, and the unintended consequences were significantly lower sales for the months following the program, and an increase in the cost of used vehicles; the only vehicles that the poor can actually afford. GM and Chrysler still went bankrupt, and now are suffering from the silent boycott of "Government Motors." I like many other Americans for one will never purchase another GM or Chrysler product; I will not willingly spend my money with a government owned/controlled business; doing so is to literally offer willing support of fascism.
The Democrats in charge are all upset, at GE, Caterpillar, Google, etc. for reporting to their investors - as required by law - that they will have significant decreases in profit because of the impact of Obamacare. ‘Whodathunk’ that in the real world the CBO numbers were wrong, and the cost of a government program is actually a lot more than estimated? It’s not like the government’s estimates of a program’s cost have ever been wrong before.
Ronald Regan was right. The nine scariest words in the English language are: "I'm from the government and I'm here to help."
Wednesday, April 7, 2010
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