Solyndra goes bankrupt, taxpayers wasted $500 million

[careinke]

But yet your vote for Obama is all but assured in 2012.

If Romney is the nominee I'll probably vote a protest candidate. I can't in good conscience vote for Obama again. But you never know; if Perry is the nominee, or if some batsh*t crazy VP is picked.. a responsible voter would have to vote Obama. And yet I can't stomach the thought of voting Obama. It's a dilemma.

Then just vote you conscious, and be done with it. I usually vote Libertarian, because they are the only party that I KNOW what their position is on any particular issue.

[Sixstrings]

Then just vote you conscious, and be done with it. I usually vote Libertarian, because they are the only party that I KNOW what their position is on any particular issue.

We need a "none of the above" option. If that gets a majority then force new primaries and elections with a new slate including the incumbent president.

Also ideally we should be able to make a pick of 1st, 2d, 3rd choice. That way people can always vote their conscience without throwing away their vote allowing an idiot to win.

[SilentRunning]

Then just vote you conscious, and be done with it. I usually vote Libertarian, because they are the only party that I KNOW what their position is on any particular issue.

We need a "none of the above" option. If that gets a majority then force new primaries and elections with a new slate including the incumbent president.

Also ideally we should be able to make a pick of 1st, 2d, 3rd choice. That way people can always vote their conscience without throwing away their vote allowing an idiot to win.

I think we need "Fractional Voting" where the top 2 or 3 candidates get to share office and vote as a fraction of the votes they got in the election.

[dohboi]

In a vain attempt at bringing a smidgen of accuracy and perspective so this story, let me just point out that it was Bush who initiated the idea of supporting this company. And the amount spent was only about one percent of the energy budget.

Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story

http://thinkprogress.org/romm/2011/09/13/317594/timeline-bush-administration-solyndra-loan-guarantee/

And compare what kind of funding China is providing their solar industry to the pitiful amount spent on Solyndra:

http://thinkprogress.org/romm/2011/09/09/315754/chinese-predatory-pricing-solar/

[PrestonSturges]

The Fox panel was kicking this around the other day and they turned to Dana Perrino, former Bush press secretary. Dana is astonishingly stupid and dishonest, but she fessed right up to it was the Bush administration that decided to make this loan is 2007.

[PrestonSturges]

duplicate

[Sixstrings]

The Fox panel was kicking this around the other day and they turned to Dana Perrino, former Bush press secretary. Dana is astonishingly stupid and dishonest, but she fessed right up to it was the Bush administration that decided to make this loan is 2007.

Heh should have known. Obama is Bush III.

[Plantagenet]

it was the Bush administration that decided to make this loan is 2007.

Why all the lies, Preston?

Solyndra got the loan guarantee in 2009 from the Obama administration.

The loan modification screwing the taxpayer by making Obama's cronies at Solyndra the first to paid in case of bankruptcy was made by the Obama administration in July 2011...just a month before Solyndra went bankrupt.

Face facts----the incompetent slobs in the Obama administration screwed the taxpayer out of half a billion dollars.....

Solyndra Timeline

PS: Brian Williams was just on the radio here reporting about it on ABC news. Wiliams says he has copies of memos sent to Obama and Biden WARNING that Solyndra was a scam, but Obama and Obama ignored the facts and forced through the loan to Obama's political cronies.

Since Obama knew it was a scam when he ordered the loan to be made, one can only assume that Obama wanted to scam the taxpayer and so directed half a billion in stimulus money to his political backers.

[PrestonSturges]

All I know is that Dana Perino (sic?) seemed to be willing to give her boss (Dubya) much of the blame.

[Plantagenet]

All I know is that Dana Perino (sic?) ...

Yup.

All you know is what Dana Perino says. That sounds about right.

[Plantagenet]

Documents show that the Obama administration pressured OMB regulators to approve Solyndra scam.

White House pressured OMB to approve Solyndra scam

Will Obama and his White House staff pay the taxpayers back for the half billion dollars they channeled to Obama's cronies at Solyndra?

[PrestonSturges]

All I know is that Dana Perino (sic?) ...

Yup.
All you know is what Dana Perino says. That sounds about right.

As I said she's notoriously dishonest and an astonishing idiot, so don't ask me to choose between you.

[Plantagenet]

Preston has been trying to blame the Solyndra scandal on Bush. This lie from Preston is even more stupid then the typical Preston lie.

The Bush administration turned down Solyndra's request for a loan when the regulators at DOE said the numbers didn't add up. Then when Obama took over, his administration pressured regulators to approve the scam deal.

Bush administation turned down Solyndra for a loan when regulators said no----when Obama took over, his administration pressured and overrode the regulators and rushed to get the money to Obama's cronies at Solyndra

Why not stop the lies and admit the truth, Preston.

[Plantagenet]

Is Solyndra the "tip of the iceberg"?

We know that Obama presured the regulators to allow half a billion dollars of his stimulus to go to his cronies at Solyndra----money that is apparently lost.

NOW investigators are starting to look at the rest of Obama's stimulus spending----almost a TRILLION dollars. How much of that money went to democratic party operatives, green fraudsters, and bankrupt scammers?
is Solyndra the tip of the iceberg....how much of the Obama stimulus spending was skimmed off by democratic party bigwigs?

[Sixstrings]

Treasury Inspector General Opens Probe Into Obama's Solargate

In the latest installment of what is rapidly becoming Obama's Keynesian Solargate, we learn that the Treasury Department's Inspector General has opened an investigation of the now defunct $528 million government loan to Solyndra which has no chance of getting repaid, following what will be a pennies on the dollar liquidation of the company, especially since it is primed by a $75 million term loan to George Kaiser, a documented Obama "bundler" as was documented previously.

Per the AP, "A spokesman said Thursday that the inspector general is reviewing the role and actions of the Federal Financing Bank, a government corporation supervised by the Treasury Department. The bank provided the low-interest loan to the Fremont, Calif.-based company." The "concern" is that Obama has pushed levers to get the investment in a venture controlled by a "friend" on a fasttrack, with the White House Office Of Management Supervision urging the DOE to release the funds without proper diligence.
http://www.zerohedge.com/news/treasury-inspector-general-opens-probe-obamas-solargate

"Pennies on the dollar" liquidation.. what a fiasco. I suppose another Obama donor will swoop in and buy this robot factory.

This is crony capitalism at work. To be fair, Perry is a crony capitalist too. One administration after the other we get this same old fraud over and over. Clinton with his Chinese high rollers in the White House and sending all that tech to China. Bush / Cheney and their Haliburton buddies. Now Obama and his green energy boondoggles.

[peeker01]

You should hear my wife go on and on about the boondoggles in the former Yugoslavia. The
Socialists invented cronyism and greed.

[Expatriot]

It looks like Solyndra violated the WARN Act:

Are you being serious or sarcastic? They went bankrupt. What are you going to do? Fine them?

[Sixstrings]

It looks like Solyndra violated the WARN Act:

Are you being serious or sarcastic? They went bankrupt. What are you going to do? Fine them?

That's not my opinion it was a letter from the local congressman and a news article.

A company of this size doesn't just "go bankrupt" and lock the doors one day without any warning. They knew well in advance, that's why there's a law called the WARN Act in the first place.

[dohboi]

Can we have just a tiny bit of perspective here.

Bush and company got us into two wars for no very good military reasons.

They are costing us more than a billion dollars every week.

That is the corrupt expense that is destroying America (along with the fact that the 400 richest Americans now control more wealth than the 150 million least wealthy Americans).

China is vastly outspending us in supporting their solar industry.

Investment go bad all the time. The problem isn't that we invested in this company, its that we didn't invest in fifty other companies as well.

But there is only one thing that repugs want to do

over

and

over

and

over

And that is to bash Obama.

It really gets tiring, folks.

Give it a rest.

[peeker01]

Not a chance