Tags: Economic- Crisis | Solyndra | Hatch | taxpayers | retrain | workers

Sen. Hatch: Taxpayers Will Pay to Retrain Solyndra's Workers

By Hiram Reisner   |   Wednesday, 21 Sep 2011 03:35 AM

Sen. Orrin Hatch said Tuesday taxpayers will unfairly bear the brunt of retraining workers who lost their jobs with the failure of the Solyndra solar-panel firm because that is “how these liberals work.”
“Well, that’s what they are talking about — they are talking about giving them trade-adjustment assistance, even though it was the stimulus that really didn’t work very well and of course that shows what the stimulus is,” the Utah Republican told Fox News’ Neal Cavuto.

“Do you realize that Solyndra got more money with that $535 million than 35 states got for their highways, roads, and bridges? When you stop and think about it — this is insane,” Hatch said. “Yet this is what the administration calls the new economy, and, well, we cannot put up with very much more of this new economy — I will tell you that.

Cavuto asked Hatch what he thought about reports that top Solyndra executives are going to plead the Fifth Amendment and not testify about how the company received $528 million in federal loan guarantees, then nevertheless collapsed.

“Well, it just shows how these liberals work,” Hatch said. “They think that they own the fount of money out of the federal government and they can put $535 million into something — that literally would have probably had a better chance had it had to go out and scramble for regular investment dollars, and in the process that gets blown and then they say: ‘Oh, well, this is just one of those things.’

“And then they not only do that, but — instead of putting these people in unemployment, like millions of others have to do — they are going to put them on unemployment and trade- adjustment assistance and give them job training, to boot, after they have blown this whole doggone thing,” Hatch said. “It is just typical of this administration that believes the federal government ought to be meddling into business and every other affair in our lives.”

Hatch noted that Solyndra’s failure is another indication that the Obama administration’s stimulus plans didn’t reach their desired results.

“Let’s face it — these guys are nuts businesswise and they think the federal government should be able to stimulate these businesses with its money,” Hatch said. “That stimulus . . . just didn’t work, it doesn`t work.

“It is better to allow the private sector to work on pluses and minuses than have the federal government interfere, and this is a perfect illustration,” he said.

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