patrick.net

Immelt also liked the speech.

“Because more than two million construction workers are out of work, the Council identified ten high-priority infrastructure projects based on their potential to put Americans to work right away -- projects that have already been funded, but are being held up by regulations. We are working with the Administration to fast-track permitting and get these projects moving. There is broad support within the Council and the business and labor communities for investing in our nation's aviation, broadband, surface and energy systems, including improving existing financing mechanisms for our critical infrastructure needs,” Immelt said in statement provided by the White House.

The quandary for Immelt, GE and the White House is how much General Electric might benefit from government spending and subsidies, whether Obama proposed tax changes might eliminate loopholes enjoyed by GE and other businesses and if there is any continued fallout from GE’s marriage to China on the aerospace front that count hurt Boeing and U.S. jobs. Boeing has military helicopter manufacturing in Mesa and there is an ample aerospace supply chain in Phoenix that could be hurt if airplane business headed to China.

...wait! Did you say solar panels? The green stuff?

Oh well that's different, never mind. None of that other stuff that just happened on September 9th, doesn't matter then. Carry on.

Quote:

"But G.E. won’t be applying for federal loan guarantees like Abound Solar. Instead, they plan to explore state and federal manufacturing tax credits to expand as needed."

So instead of loans, it'll be "tax credits". I'm not seeing the difference here from Solyndra or any large solar operation dependent on the "federal teat" as conservatives like to call it.

Wonder why they chose a site near Denver instead of elsewhere in the southwest or west coast... elevation?

Well there's lots of places you can put a manufacturing plant. But you want one where optimally the local taxpayers can be put on the hook for ALL of your infrastructure. Get them to take out bonds, build out an industrial park area, hand you the factory, even supply your utilities at cut rates. Then 5-10 years down the line you can close the plant and move operations somewhere else gullible.

Good point Vincente, I should have read more carefully - solar panel plant, not solar power plant.

Vicente says

So instead of loans, it'll be "tax credits". I'm not seeing the difference here from Solyndra or any large solar operation dependent on the "federal teat" as conservatives like to call it.

Sure, but read my counterpoint thread.

The US Chamber of Commerce is completely about welfare, as long as it goes to big corporations.

In other words, instead of accepting govt. welfare from the right hand, GE will be accepting it from the left hand.