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Incidentally, the Solar Industry is up 100% from last year and has a net positive trade balance with China on our solar products. About the only export we have that is, well, except Jobs.
Incidentally, the Solar Industry is up 100% from last year and has a net positive trade balance with China on our solar products. About the only export we have that is, well, except Jobs.
Why don't we wait and see how they do after the govt dollars dry up at the end of the month?
Why don't we wait and see how they do after the govt dollars dry up at the end of the month?
They are not "government dollars" they are taxpayer dollars. The Obama administration re-worked the loan to Solyndra to put his bundler in front of the US taxpayer when the dust settles and the loan guarantee is paid! Obama's "bundler" investor walks away from the bankrupcy with more money (courtesy the US taxpayer via Obama payback) than he put into the company.
The loan restructuring is one element congressional investigators are focusing on as they look into the federal loan guarantee Solyndra received under the economic stimulus law.
Under terms of the February loan restructuring, two private investors — Argonaut Ventures I LLC and Madrone Partners LP — stand to be repaid before the U.S. government if the solar company is liquidated. The two firms gave the company a total of $69 million in emergency loans. The loans are the only portion of their investments that have repayment priority above the U.S. government.
The company was never created to succeed it only ws in place to get this payback from the Obama administration (since the Bush administration refused to play that game).
Once again, the right has this wrong. The DOE loan was started under the Bush administration, who tried to rush it through before he left office. The Obama administration restructured the loan to increase protection for the taxpayer.
Want a timeline, so the right, who are wrong most of the time can get their story straight?
No, you are right.....Bush TRIED to run it through in the end....but again (this is the second time I said this) the BUSH ADMIN said NO!!!!
The obama ADMIN said yes!!
Why is it so hard for the left to understand this?
Why? Because the first line in the Progressive pledge dictates never take accountability for anything that can be used against you. Or, in the words of Bill Clinton: "deny, deny, deny."
Once again, the right has this wrong. The DOE loan was started under the Bush administration, who tried to rush it through before he left office. The Obama administration restructured the loan to increase protection for the taxpayer.
Want a timeline, so the right, who are wrong most of the time can get their story straight?
The fact of the matter is the Obama admin owns this loan. But hey 535 million its just a drop in the bucket right?
Compared to the payback he's trying to give his donor from LightSquared it is. Imagine if you could payback a single bundler by having the taxpayer fund the largest project this country has seen since the Eisenhower interstate system and the bundler's company reaped the rewards? How important would that be while you are fundraising during an election cycle?
Compared to the payback he's trying to give his donor from LightSquared it is. Imagine if you could payback a single bundler by having the taxpayer fund the largest project this country has seen since the Eisenhower interstate system and the bundler's company reaped the rewards? How important would that be while you are fundraising during an election cycle?
Beyond a shadow of a doubt, Obama had proven himself to be a crook.
Obviously, the WH couldn't allow them the time to do their jobs...after all, obama had a press event scheduled with this company.
The dam on this story is finally breaking.
Finally breaking, because of the overflowing now. The overflowing of new information coming forward. Doesn't surpirse me one bit, after all Obama has something to do with this.
The GOP’s probe of the failed solar company Solyndra will stay in high gear this week when executives appear before a House Energy and Commerce Committee panel.
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