As if the Solyndra fiasco was not bad enough………..
(IBD) — The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra.
That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance. The department has valued packages at about $13,000 a head.
Taxpayers will have to cough up yet another $14.3 million as a result of Solyndra’s bankruptcy. They are already on the hook for $528 million in federal loan guarantees to the company that are unlikely to ever be paid back.
No additional comments needed here. Besides my freaking head just exploded!
Good analogy. Federal government perpetual chaos machine: Pass laws to solve a crisis, Solution creates a new and bigger crisis. Pass a new law. Repeat ad infinitum and ad nauseum.
Amen!! Talk about your cycle of doom