• TheOubliette
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    2 days ago

    Biden’s “big investment” went to finance and high tech wages, not production capacity.

    And no it’s not particularly manageable the industry will need a bailout or fail shortly. They were already bailed out once w/ Silicon Valley Bank, if you recall. They were all rolled up in that. It is needed again because they are not doing well.

    • Carrolade@lemmy.world
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      2 days ago

      No, actually it went heavily to infrastructure to facilitate future technology, things like electric vehicle charging stations and energy grid, along with more mundane stuff like bridge maintenance and replacement. This stimulates demand, which supply naturally follows in the quest for profits-above-all-else.

      Not sure how an industry seeing such demand is projected to fail shortly.

      SVB wasn’t bailed out, it was actually seized. It failed after a bank run following a lot of risky investments into new tech startups, which is a naturally high risk market. It was not due to some sort of failure in the broader solar industry.

      • TheOubliette
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        2 days ago

        No, actually it went heavily to infrastructure to facilitate future technology

        No it went to stock buybacks and capitalization for startups.

          • TheOubliette
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            2 days ago

            My knowledge is insider, but you can go look into it yourself if you’d like.

            • Carrolade@lemmy.world
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              2 days ago

              Very convenient. You duck requests for evidence very fluidly, like a true propagandist. I imagine your parents must be very proud of your abilities at manipulation.

              • TheOubliette
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                2 days ago

                You are free to look into solar companies’ finances and talk to those in the industry. Go ahead and do so and come back to tell me what you’ve learned.

                • Carrolade@lemmy.world
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                  2 days ago

                  Or, y’know, you could just support your claims instead of tossing out a right wing nutjob-style “do your own research”. Fortunately I’ve been around enough conspiracy theories in my life that they’ve become pretty easy to see through.

                  • TheOubliette
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                    2 days ago

                    Why would familiarizing yourself with the finances of solar companies be a conspiracy theory, exactly?