Tag Archives: Economy

Solar energy firm leaves behind toxic mess after wasting millions in stimulus funding

Dad sent me this article about the Democrat energy policy from Fox News.

Excerpt:

A Colorado-based solar company that got hundreds of millions of dollars in federal loan guarantees before going belly-up didn’t just empty taxpayers’ wallets – it left behind a toxic mess of carcinogens, broken glass and contaminated water, according to a new report.

The Abound Solar plant, which got $400 million in federal loan guarantees in 2010, when the Obama administration sought to use stimulus funds to promote green energy, filed for bankruptcy two years later. Now its Longmont, Colo., facility sits unoccupied, its 37,000 square feet littered with hazardous waste, broken glass and contaminated water. The Northern Colorado Business Report estimates it will cost up to $3.7 million to clean and repair the building so it can again be leased.

“As lawyers, regulators, bankruptcy officials and the landlord spar over the case, the building lies in disrepair, too contaminated to lease,” the report stated.

[…]One of the hazards is the presence of cadmium, a cancer-causing agent that is used to produce the film on the solar panels, the report said.

[…]”If a coal, oil or gas company pulled something like that the EPA would send out SWAT teams and the U.S. Marshals to track down the offenders, bankrupt or not,” the center said in a report of its own.

President Obama touted Abound in a July 3, 2010 announcement of a $2 billion “investment” in green energy projects.

Here’s another trustworthy promise from Dear Leader:

“The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs,” Obama said. “A Colorado plant is already underway, and an Indiana plant will be built in what’s now an empty Chrysler factory. When fully operational, these plants will produce millions of state-of-the-art solar panels each year.”

But less than two years later, the company laid off half of its 400 workers, and then, in the summer of 2012, filed for bankruptcy. It became the third clean-energy company to seek bankruptcy protection after receiving a loan from the Energy Department under the economic stimulus law. California solar panel maker Solyndra and Beacon Power, a Massachusetts energy-storage firm, also declared bankruptcy. Solyndra received a $528 million federal loan, while Beacon Power got a $43 million loan guarantee.

Why did Abound Solar get these loans? Because they had connections in the Democrat Party – that’s why.

Excerpt:

Abound Solar further claims $260 million in private investments, part of which came from billionaire medical heiress Pat Stryker’s Bohemian Companies.  This is where the story gets interesting.

Thanks to Independence Institute investigative reporter Todd Shepherd, we still have access to the Web page that lists Bohemian as an investor even though it does not appear on the company’s current Web site. The exact amount that Stryker has given is not public at this time.

[…]Forbes lists medical heiress and founder of Bohemian Companies/Foundation Pat Stryker as number 331 of its top “400 Richest People in America.” Worth $1.3 billion, the Fort Collins resident could single-handedly fund Abound Solar and still be well above the poverty line.

While some of her fortune has gone to Abound Solar, she also has chosen to donate more than $2.2 million (probably a low figure) to Democrats and their causes over the last several election cycles. Beneficiaries include Barack Obama, one-term Congresswoman and Fort Collins resident Betsy Markey, and Interior Secretary Ken Salazar when he successfully ran for U.S. Senate in Colorado.

The Washington Examiner published e-mails showing that the White House was directly involved in granting loans.

Excerpt:

Previously undisclosed emails made public today by the House Oversight and Government Reform Committee describe multiple instances of White House pressure on career Department of Energy officials to speed up approval of government loans to clean energy firms like Solyndra and Abound Solar.

President Obama is described in one of the emails as having personally approved “moving it ahead,” thus reversing a prior decision by DOE career officials not to extend $2 billion in tax-funded help to AREVA, a French nuclear power company, on an Idaho project.

[…]In another email made public today by the House panel, Silver instructed McCrea to tell a Treasury Department official of White House support for DOE help to Abound Solar.

“You better let him know that WH wants to move Abound forward. Policy will have to wait unless they have a specific policy problem with abound,” Silver said in the June 25, 2010, email.

Abound Solar is a Colorado-based solar panel manufacturer that had used $68 million of a $400 million DOE loan guarantee before filing for bankruptcy earlier this year.

Obama had to pay back his friends who got him elected. He used YOUR MONEY and YOUR CHILDREN’S MONEY to do it. Doesn’t that cause you any alarm? And this was done under the rubric of “stimulating” the economy.

You can see a list of other Obama administration green energy failures here.

Thomas Aquinas on law, economics and government

I found three posts at the AEI Values and Capitalism blog authored by a recent graduate of Grove City College.

Here the 3 posts:

I’m going to snip the most interesting parts from each of the 3 posts.

First post talks about the Bible and private property:

What, if any, role does government play in defining, bestowing and taking private property? This question underlies many modern-day political debates, but it’s actually an issue scholars have debated for centuries. At the heart of this debate is the tension between private property and government confiscation: Does private property exist? If so, does government have the authority to take it from the citizens it governs?

[…]“It is false to say that human beings are not permitted to possess their own property,” he writes, implying that individual human beings have a right to the external goods they own and no one else may possess ownership over their goods. The eighth commandment—”Thou Shalt Not Steal”—assumes the principle of private property. God, by commanding man to refrain from stealing from his neighbor, assumes that man can and does own material goods.

[…]In his book “Foundations of Economics: A Christian View,” Dr. Shawn Ritenour of Grove City College puts it quite simply: “Our property is God’s gift.” The socialist idea that property rights come from government is false. Property rights come from our Creator.

So that’s the first thing to get clear. The Bible assumes the concept of private property.

Second post talks about when the government is justified in taking the property of citizens:

Theft is not justified on an individual level or a state level. Stealing is stealing. But if this is true, does government commit theft when it taxes its citizens? According to Aquinas, not quite. “If rulers exact from their subjects what is due them in justice in order to maintain the common good,” he writes, “there is no robbery” (emphasis mine). Government may justly take from its citizens their God-given property only if it promotes justice for the common good of society.

But this criterion is vague. The common good may be defined in a variety of ways. But Aquinas does not leave the reader without qualifying his statement:

But public authority is committed to rulers in order that they may safeguard justice. And so they are permitted to use force and coercion only in the course of justice, whether in wars against enemies or in punishing civilian criminals. (emphasis mine)

Government may take from its citizens, i.e. taxes, for the two-fold purpose of defended them from foreign enemies and convicting domestic criminals.

So the government can take money from citizens for defending them from external threats and internal threats. But what about helping the poor? Who is going to help the poor, if it’s not government’s job?

Third post talks about whose job it is to help the poor:

We must help those in need directly, through private institutions and through the church, not allowing government to become a substitute for our individual responsibility of loving our neighbor. Aquinas writes:

But because many persons are in need, and the same things cannot assist everybody, the dispensing of one’s own goods is committed to each individual, so that each may out of them assist those in need. (emphasis mine)

Because of the magnitude and specificity of each individual’s needs, the government cannot adequately provide for every one of its citizens. As Christians, we must work to provide for our neighbors in accordance with the command in Scripture to love our neighbor as ourselves.

Property is a gift from God—not government—to his people for the purposes of self-preservation and assisting those in need. When private institutions, churches and individuals fulfill their mandate to love our neighbors as ourselves, no need for government involvement exists.

Just a helpful reminder to everyone about what one of the pillars of the Christian faith thought about fiscal policy and the role of government. By the way, if you’re thinking about studying economics and you’re a Christian, I recommend Grove City College.

Christianity and economics

Here’s an interview with Dr. Shawn Ritenour, economics professor at Grove City College. The interview is conducted by Dr. Paul Kengor.

Excerpt:

Kengor: …it seems that the very foundation of economics, not to mention the American republic in some respects, is the right to private property. Do you agree? If so, is that Scriptural?

Ritenour: The foundation of economic activity and policy is private property. All action requires the use of property and all economic policy is about how people can legally use their property. To benefit from the division of labor, we must be able to exchange our products, which requires private property. Private property is definitely Scriptural. The Bible explicitly prohibits theft, fraud, moving property barriers, debasing money, violating labor contracts, as well as coveting. These prohibitions apply to both citizens and rulers. In my text, I apply this conclusion to issues such as confiscatory taxation, government subsidies, business regulation, and monetary inflation.

Kengor: I find it very telling that Karl Marx was first and foremost against private property, not to mention against God as well. In the “Communist Manifesto,” he wrote plainly: “the theory of the Communists may be summed up in a single sentence: Abolition of private property.” And yet, there are some religious left Christians who claim that the Bible, especially in certain Old Testament passages, preaches a form of socialism and even communism. A student of mine had a teacher at a private Christian school in Ohio who instructed the class that as Christians they should be communists. Can you address this argument?

Ritenour: Communism can be condemned strictly on the basis of the Christian ethic of property (among other reasons). Nothing in Scripture either commands or implies that the means of production should be controlled by the state. There are passages in the early chapters of Acts that are often cited as promoting “Christian communism,” but, in fact, actually illustrate Christian sharing. The various Christians still owned their property, but were generous in sharing whenever they saw a need. When Peter rebukes Ananias in Acts 5, he explicitly says that both the property that Ananias and Sapphira sold and the monetary proceeds from selling it were theirs to do with what they wanted. That is not the gospel according to Marx.

Kengor: I like the way you turn the religious left’s thinking on private property on its head. You note that “God prohibits our coveting the property of others.” With that being the case, isn’t it wrong for the government to use the mighty arm of the state to forcibly remove property from one person to give it to another?

Ritenour: I see no other way around that conclusion, especially when we realize that, in our day of mass democracy, the state usually accomplishes policies of wealth redistribution by inciting envy and covetousness among the populace.

Kengor: What about profits? Reconcile the profit motive with the God of Scripture. We have people in this society who portray profits as greedy or unjust.

Ritenour: Profit is the reward entrepreneurs receive for more successfully producing what people want. This is no easy thing to do. Entrepreneurs must invest in present production of goods they sell in the future. Neither entrepreneurs nor government bureaucrats know exactly what future demand will be. Therefore, production necessitates bearing risk. If the entrepreneur forecasts future demand incorrectly, he will waste resources and reap losses. If he forecasts the future correctly, he serves his fellow man by producing goods people want. It seems only right that such producers are rewarded with profit. In a free market, the only way entrepreneurs earn profits is to serve customers better than anyone else.

If you would like to learn more about the relationship between Christianity and economics, then I recommend “Money, Greed and God” and “Indivisible” by Jay Richards. The former is about what the Bible says about economics, the latter is about developing a Christian worldview of fiscal and social issues. If you really want a comprehensive assessment of the Bible and politics, then I recommend Wayne Grudem’s “Politics According to the Bible“.

Further study

Christina Hoff Sommers: how to make school better for boys

Christina Hoff Sommers
Christina Hoff Sommers

One of the most troubling things I see in the modern church is the tendency of church people and pastors to blame men for not being more aggressive about marrying. Often, the blame is placed on men. Men are told that we need to do better in school, work harder at work, and that we need to be more aggressive about courting and marrying. Very often, you hear the slogan “man up” directed at men, and we are told to stop playing video games and looking at porn and grow up.

The first thing to note is that marriage is much less attractive to men these days. First, the value proposition of marriage changed – especially the problem of no-fault divorce and divorce courts. The economic situation facing men has changed as well – the economy is poor, but the debt is very very high. Those are two important factors.

Another problem is fatherlessness, which is caused by welfare incentives. A lot of the behavior of young men is based on whether there is a father present in the home. The fact of the matter is that single motherhood by choice has become commonplace, and the aggravating factor for this trend is support for welfare. Welfare is bad for two reasons. First, it encourages women to raise children without a father. Boys raised without a father are not as likely to pursue courtship and marriage as boys raised with a father, because fatherlessness harms a boy’s ability to learn to do the things needed for marriage.

Another problem is the availability of pre-marital sex. When a man can get sex without marriage, then he doesn’t feel the same desire to get married.

So there are a few examples of things that we can change to nudge men toward marriage. Just speaking slogans like “man up” to men doesn’t really address these problems.

But in this post, I want to look at a problem that I haven’t even mentioned yet – the problem of schools that don’t produce men who can provide for a family.

Education Reform

Here is Christian equity-feminist Christina Hoff Sommers of the American Enterprise Institute to do that, writing in the left-leaning Atlantic about this problem.

Excerpt:

Women in the United States now earn 62 percent of associate’s degrees, 57 percent of bachelor’s degrees, 60 percent of master’s degrees, and 52 percent of doctorates.

[…]Boys in all ethnic groups and social classes are far less likely than their sisters to feel connected to school, to earn good grades, or to have high academic aspirations. A recent working paper from the National Bureau of Economic Research documents a remarkable trend among high-achieving students: In the 1980s, nearly the same number of top male and female high school students said they planned to pursue a postgraduate degree (13 percent of boys and 15 percent of girls). By the 2000s, 27 percent of girls expressed that ambition, compared with 16 percent of boys. During the same period, the gap between girls and boys earning mostly A’s nearly doubled—from three to five percentage points.

I was a minority boy before I became a minority man – look at this:

This gap in education engagement has dire economic consequences for boys. A 2011 Brookings Institution report quantifies the economic decline of the median male: For men ages 25 to 64 with no high school diploma, median annual earnings have declined 66 percent since 1969; for men with only a high school diploma, wages declined by 47 percent. Millions of male workers, say the Brookings authors, have been “unhitched from the engine of growth.”  The College Board delivered this disturbing message in a 2011 report about Hispanic and African-American boys and young adults: “Nearly half of young men of color age 15 to 24 who graduate from high school will end up unemployed, incarcerated or dead.” Working-class white boys are faring only slightly better. When economist Andrew Sum and his colleagues at the Center for Labor Market Studies at Northeastern University examined gender disparities in the Boston Public Schools, they found that for the class of 2007, among blacks and Hispanics, there were 186 females for every 100 males attending a four-year college or university. For white students: 153 females to every 100 males.

Is this a U.S. – only problem? No. The problem exists in many places. But Dr. Sommers lists some of the initiatives those other countries are taking – trying to understand why boys are different and what needs to be done differently in order to get them to engage and succeed.  But we are not doing anything here. Why not?

Well, first – let’s see what works:

In a rare example of the academic establishment taking note of boys’ trouble in school, the Harvard Graduate School of Education recently published a major study, Pathways to Prosperity, that highlights the “yawning gender gap” in education favoring women: “Our system… clearly does not work well for many, especially young men.” The authors call for a national revival of vocational education in secondary schools. They cite several existing programs that could serve as a model for national reform, including the Massachusetts system, sometimes called the “Cadillac of Career Training Education.”

Massachusetts has a network of 26 academically rigorous vocational-technical high schools serving 27,000 male and female students. Students in magnet schools such as Worcester Technical, Madison Park Technical Vocational, and Blackstone Valley Regional Vocational Technical take traditional academic courses but spend half their time apprenticing in a field of their choice. These include computer repair, telecommunications networking, carpentry, early childhood education, plumbing, heating, refrigeration, and cosmetology. AsPathways reports, these schools have some of the state’s highest graduation and college matriculation rates, and close to 96 percent pass the states’ rigorous high-stakes graduation test.

Blackstone Valley Tech in Upton, Massachusetts, should be studied by anyone looking for solutions to the boy problem.  It is working wonders with girls (who comprise 44 percent of the student body), but its success with boys is astonishing. According to a white paper on vocational education by the Commonwealth’s Pioneer Institute, “One in four Valley Technical students enter their freshman year with a fourth-grade reading level.” The school immerses these students in an intense, individualized remediation program until they read proficiently at grade level. These potentially disaffected students put up with remediation as well as a full load of college preparatory courses (including honors and Advanced Placement classes), because otherwise they could not spend half the semester apprenticing in diesel mechanics, computer repair, or automotive engineering.

In former times, vocational high schools were often dumping grounds for low achievers. Today, in Massachusetts, they are launching pads into the middle class.

Who could possibly be opposed to turning boys into marriage-minded men? Look:

Recent research shows that enrollment in high school vocational programs has dramatic effects on students’ likelihood of graduating from high school—especially boys. But efforts to engage more boys in career and technical programs face a formidable challenge. In a series of scathing reports, the National Council on Women and Girls Education (NCWGE—a 38-year-old consortium that today includes heavy hitters such the AAUW, the National Women’s Law Center, the ACLU, NOW, the Ms. Foundation, and the National Education Association) has condemned high school vocational training schools as hotbeds of “sex segregation.”

Because of decades of successful lobbying by NCWGE groups, high school and college career and technical training programs face government sanctions and loss of funds if they fail to recruit and graduate sufficient numbers of female students into “non-traditional” fields. Over the years, untold millions of state and federal dollars have been devoted to recruiting and retaining young women into fields like pipefitting, automotive repair, construction, drywall installing, manufacturing, and refrigeration mechanics.  But according to Statchat, a University of Virginia workforce blog, these efforts at vocational equity “haven’t had much of an impact.”  Despite an unfathomable number of girl-focused programs and interventions, “technical and manual occupations tend to be dominated by men, patterns that have held steady for many years.”

In March 2013 NCWGE released a report urging the need to fight even harder against “barriers girls and women face in entering nontraditional fields.” Among its nine key recommendations to Congress: more federal funding and challenge grants to help states close the gender gaps in career and technical education (CTE); mandate every state to install a CTE gender equity coordinator; and impose harsher punishments on states that fail to meet “performance measures” –i.e. gender quotas.

Instead of spending millions of dollars attempting to transform aspiring cosmetologists into welders, education officials should concentrate on helping young people, male and female, enter careers that interest them. And right now, boys are the underserved population requiring attention.

So. We know what works to make boys into marriage-ready men. And now we know who is standing in the way. What I’d like to see from the man-up crowd, especially the man-up crowd in the church, is a serious assessment of the research on this issue and some action.

But this is what we get from Mark Driscoll: (whom I almost always agree with)

The number one consumer of online pornography is 12- to 17-year-old boys. What that means is he’s home eating junk food, drinking Monster energy drinks, downloading porn, masturbating and screwing around with his friends. That really doesn’t prepare you for responsible adulthood. That’s a really sad picture, especially if you’re a single gal hoping to get married someday. You’re like: “Seriously, that’s the candidate pool? You’ve got to be kidding me.” That’s why 41 percent of births right now are to unmarried women. A lot of women have decided: “I’m never going to find a guy who is actually dependable and responsible to have a life with. So I’ll just get a career and have a baby and just intentionally be a single mother because there are no guys worth spending life with.”

We really need better leadership – informed leadership – on these issues from prominent pastors. They need to start to read some research (e.g. – what Dr. Sommers presented) on these issues. Maybe pastors need to affirm the traditional view of the Bible on sexual morality, and then take on the root cause of the disengaged boys problem: feminism in the schools. We don’t want to take on these problems in a superficial way and then actually make the problem worse by making excuses for views of sexuality that are unBiblical.

By the way, you should subscribe to the AEI podcast, which is on my list of favorite podcasts. And Dr. Sommers has a new edition of her classic book defending young men. If you have ever wondered what is going wrong with men, that book is required reading. It is required reading for anyone who wants to comment on this issue, in fact.