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Old 09-18-2011, 07:45 AM
 
Location: Tampa Florida
22,229 posts, read 17,823,173 times
Reputation: 4585

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Why Solyndra failed.

Why Solyndra failed and the DOE loan program is next | SmartPlanet

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.
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Old 09-18-2011, 09:28 AM
 
17,389 posts, read 11,938,010 times
Reputation: 16137
Quote:
Originally Posted by florida.bob View Post
Why Solyndra failed.

Why Solyndra failed and the DOE loan program is next | SmartPlanet

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?
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Old 09-18-2011, 12:36 PM
 
29,981 posts, read 42,856,313 times
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Quote:
Originally Posted by ringwise View Post
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.

Obama admin reworked Solyndra loan to favor donor *| ajc.com (http://www.ajc.com/news/nation-world/obama-admin-reworked-solyndra-1182334.html - broken link)

Quote:
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).
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Old 09-18-2011, 12:48 PM
 
46,217 posts, read 26,980,998 times
Reputation: 11091
Quote:
Originally Posted by Ecovlke View Post
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?

Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story | ThinkProgress
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?
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Old 09-18-2011, 12:50 PM
 
29,981 posts, read 42,856,313 times
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Quote:
Originally Posted by chucksnee View Post
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."
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Old 09-18-2011, 12:52 PM
 
Location: Pa
20,300 posts, read 22,182,754 times
Reputation: 6552
Quote:
Originally Posted by Ecovlke View Post
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?

Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story | ThinkProgress
The fact of the matter is the Obama admin owns this loan. But hey 535 million its just a drop in the bucket right?
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Old 09-18-2011, 12:55 PM
 
29,981 posts, read 42,856,313 times
Reputation: 12828
Quote:
Originally Posted by tinman01 View Post
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?
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Old 09-18-2011, 04:20 PM
 
Location: The Twilight Zone
773 posts, read 502,757 times
Reputation: 363
Quote:
Originally Posted by lifelongMOgal View Post
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.
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Old 09-18-2011, 09:31 PM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,893 posts, read 18,409,927 times
Reputation: 6465
Quote:
Originally Posted by sanrene View Post
Oh dear. The GOP House committee is leaking the WH emails. Way to go guys.

White House pushed $500 million loan to solar company now under investigation - The Washington Post



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.
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Old 09-19-2011, 09:28 PM
 
29,981 posts, read 42,856,313 times
Reputation: 12828
Default Solyndra executives to appear before Congressional Committee

The Week Ahead: Solyndra execs face Congress; House EPA attacks reach floor - The Hill's E2-Wire

Quote:
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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