Yep, in our brave new Obama world, many do indeed get paid handsomely to simply loaf for wages. And the paychecks with the most dough for daily doing nothing come imprinted with the stamp of the union label.
Whether it’s billions of dollars for Obama’s greedy needy campaign, better known as the Pay Our Political Cronies stimulus fund, or the financial fiascos of the poor and perpetually pathetic United States Post Office, the ready cash for humankind clunkers keeps flowing and flowing and flowing.
Productivity be damned! GNP be gone! Inefficiency, incompetence, greed, and corruption have got all the goof-offs in their porky hip pockets. And the sorry tale of the American economy becomes just another Abbott and Costello routine.
What, exactly, is standby time? Due to union agreements, postal workers can’t be laid off or reassigned during periods of low mail volume. Even if they’re not needed on the job, postal employees still show up at work (and get paid) for what’s known as standby time—which basically amounts to hanging out in a break room, conference room, or cafeteria for a few hours, perhaps all day. The scene calls to mind the New Yorker story about “rubber rooms” where New York City teachers accused of incompetence or misconduct sit idly for months, sometimes years, doing nothing except showing up to continue collecting paychecks.
So far, 34 companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
The complete list of faltering or bankrupt green-energy companies:
Evergreen Solar ($25 million)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc.($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)