Obama's Solyndra Venture Killed By Free Market Not By Chinese Dumping
We all know the saga of Solyndra. A high-tech "green company" launched by Obama donors that sucked some $535 million dollars from the federal coffers before folding.
Join the discussion below, or Read more at RedState.
#2 Oct 20, 2012
The Chinese are very sneaky to the extent that it's too late when U.S. agents found out that Chinese subsidized solar panels are being dump to the U.S.A.
This is not going to happen again to other sectors of the economy. The U.S. is closely watching all subsidized products coming from China.
#3 Oct 20, 2012
The U.S. A. should slapped a 100 percent import tax levy to all steel imports coming from China and 2000 percent on solar panels.
Below is an article about illegal practices of Chinese solar panel manufacturers: Christian Science Monitor
'It has now come out that Solyndra has filed a lawsuit against three US based, Chinese solar companies, claiming that their illegal pricing strategies were the reason why Solyndra could not meet the contracts that it had announced in 2008.'(Related Article: Is a Larger Middle East War Inevitable?)
'The lawsuit is against Suntech, Trina Solar Ltd, and Yingli Green Energy Holding Co., and is asking for a sum of $1.5 billion in compensation.'
'Solyndra claim that the Chinese trio coordinated their pricing strategies to drop them 75% in four years. They used predatory pricing and price fixing to drive out the competition in the US.'(Related Article: Why we Need to Implement an Energy Transition - Quickly)
'Last year US solar manufacturers complained about the solar panels being imported from China and asked for protection from the low prices. This eventually led to a trade dispute between the two countries, culminating in high import taxes being levied against Chinese solar panels.'
'In their case against the three companies Solyndra remarked that they had come to the US to destroy US solar manufacturers, and had used the stock market to raise the capital needed to achieve that goal.'
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'Robert Petrina, Managing Director, Yingli Green Energy Americas, said that “we just received notice of this complaint, but from our initial review, these are unwarranted and misguided claims from a company that has a clear history of failed technology and achievements.”'
#4 Oct 20, 2012
So much for 'free markets'.
#5 Oct 20, 2012
It's against the World Trade Organizations rule to dump subsidized products to any country which creates unfair competition resulting in job losses or worse the closing down of the target company.
China is a signatory of the World Trade Organization.
#7 Oct 20, 2012
I get Pinays coming on to me all the time. They wish to upgrade.
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