- SunEdison recently declared bankruptcy since its liabilities are at least $1 billion greater than its assets.
- It was the judge overseeing the bankruptcy, Judge Stuart Bernstein, who called the company “hopelessly insolvent.”
- Things are so bad that the judge said that shareholders of the company will see no value coming back to them since you cannot “create value where it does not exist.”
- The company has debts that could be as high as $1 to $2.5 billion larger than its assets.
- Its stock price has dropped an amazing 95% in just the past year as confidence in the company waned.
- At one point in time the company was valued at $10 billion but is valued at less than $500 million now.
- The Washington political class has given the company almost $650 million in direct Federal subsidies and tax credits since 2000.
- Even though the company was crashing, the Obama administration gave it another $4.6 million in 2015, an investment that is obviously lost.
Back in February, 2007, when Obama was campaigning for President, before he took office, Australian Prime Minister at that time, John Howard, predicted if Obama became President, Iraq and the Middle East would descend into chaos and become the mess it is today: “I think that would just encourage those who wanted completely to destabilize and destroy Iraq, and create chaos and victory for the terrorists to hang on and hope for (an) Obama victory...If I was running Al Qaeda in Iraq, I would … pray, as many times as possible, for a victory not only for Obama, but also for the Democrats. And, if America is defeated in Iraq, the hope of ever getting a Palestinian settlement will be gone.”
- What is wrong with the broccoli being grown today elsewhere in the country, is there somehow a pressing need to have an east coast grown broccoli crop?
- If there somehow a need, doubtful, why aren’t broccoli farmers paying for this research at Cornell, they are the obvious benefactors of a new breed of broccoli, assuming there are benefits from a new type of broccoli?
- Since I hate the taste of broccoli, regardless of where it is grown, why are some of my taxes being spent to develop a new type of broccoli that I will never, ever even consider eating?
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