"Anyone remember the Sprung Greenhouse fiasco? In 1987, Newfoundland Premier Brian Peckford attempted to boost local employment by subsidizing the building of a massive hydroponic greenhouse operation that its inventor, Philip Sprung, said would turn the province into a world leader in green produce. His plan had failed in Alberta, but in Peckford he found a gullible partner willing to abandon common sense and start signing over other people’s money.During the construction phase the premier pointed with pride to the hundreds of jobs apparently created. Meanwhile the province kept signing cheques and promising that cucumbers and economic renewal were on the way in equal measure.
Cucumbers did start appearing. The problem was each one cost $1.10 to grow, and the wholesale market price was just over 50 cents. The greenhouse went bankrupt and ceased operations by 1990. The jobs vanished, and the tiny province was left with $14 million in debts to pay...."
READ THE ENTIRE ARTICLE HERE:
http://www.enviralment.ca/2011/01/10/mcguinty-has-led-us-all-down-the-green-energy-garden-path/#
AND REMEMBER, THOSE WHO FORGET HISTORY ARE JUST STUPID DUMB FXXKS
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