Another Obama/Chu/DOE Failure and taxpayer funded loss

[Zander]

The World's Largest Solar Power Plant Goes Bankrupt

The Reuters story states that the company won the loan, but as the Washington Post reported that the company turned down the loan in late September of 2011. The CEO of Solar Trust, Uwe T. Schmidt thought that the loan was "too risky". The Obama administration was willing to loan more than two billion taxpayer dollars to a company who was unwilling to take that kind of risk. The company's bankruptcy filings indicate they employed only nine people.

The CEO wouldn't take the money. He thought it was too risky.

 

[Soggy in NOLA]

why do cons here think Rep means any fucking thing?

It's very telling when you have zero... or worse, your rep is pegged at "sucks off goats".

 

[imbalance]

So it's CON contention that ALL research and development costs should be 100% recoverable?

Is that how businesses do it? ONLY make investments that they are CERTAIN to get a return on?


Jeez CONZ...it doesn't work that way in the FUCKING STOCK MARKET...why the FUCK do you think it works for R&D? Did it EVER occur to you low grade morons that sometimes government NEEDS to drive innovation...like it did with the microprocessor....so we could go to the moon? Gee, that didn't pay any dividends at ALL did it? How many dead ends did we hit on our way to THAT technology? Did we QUIT when we hit them?

Way to argue for the past, CONZ...instead of trying to FORM THE FUTURE!


Popular astrophysicist Neil deGrasse Tyson on Monday lamented that American culture no longer had a culture of innovation that prized scientific and technological discoveries.

Tyson noted on MSNBC that space exploration no longer captured American’s attention like it previously had. He blamed the lack of public interest on the lack of advances in the space frontier.

“You don’t have to be the scientist or engineer,” he explained. “You could be a journalist, an artist, but you start doing more stories about the frontier and all of a sudden everybody participates in inventing a tomorrow.”

“It’s the invention of tomorrow that is absent in today’s modern American culture,” Tyson continued.

“Tomorrow was everywhere in the 1960s, wasn’t it? The World’s Fair was all about tomorrow. And who enables that tomorrow? It is the scientific and technological literacy of a nation that does it. It is those innovations that are the engines of the 21st century economy.”

He added that private companies could not lead the space frontier, because of unknown risks and other factors that were detrimental to business.

“That is why governments are the ones that do the big first steps.”
Neil deGrasse Tyson: The ‘invention of tomorrow’ absent in American culture today | The Raw Story


Let me know when you guys are smarter than Neil DeGrasse Tyson.

If you're saying these energy startups are really just shell companies for government funded R&D -- which I agree this is the case -- why doesn't the Obama administration just come out and say it?

What? And be portrayed on Fox News as "another lecture by Professor Obama" ??
Why do you CONZ have to be led to the truth, kicking and screaming the entire way?

If the success of your agenda relies upon it's ability to deceive the nation then maybe you have an unsustainable and impractical agenda?

 

[Ed Spacer]

Wow.what a pile on of truth.