explaining Solyndra ?

Discussion in 'Politics' started by HomeInspect, May 30, 2012.

  1. HomeInspect
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    HomeInspect Senior Member

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    Jay Carney explains Solyndra as "That's the way business works". Too bad this administrstion has no clue on how business works, and while crticizing Romney on Bain Capital, Romney didn't cost the tax payers a half billion of taxpayers money to support his cronies. Solyndra is just one company in the mix. The total for "green energy" payoff scams is over 15 billion.

    [ame=http://www.youtube.com/watch?v=0y0Wd0Aqw0c]Jay Carney on Solyndra - "That's the way business works" - YouTube[/ame]
     
  2. Claudette
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    Claudette Gold Member

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    The way business works??

    What a load of horseshit that is. Bush's admin kicked Solyndra to the curb. Barry gets in office and goes for it. Its green so he's gotta fund it with our hardearned money.

    We taxpayers lost 500 million dollars and are at the back of the line to get any of that money back.

    If Carney thinks anyones buying his bs story then we all know who the idiot is.
     
  3. JoeB131
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    JoeB131 Diamond Member

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    15 billion?

    I guess you could make the argument the money should have been better managed. Solyndra is a bad example because the guys spent money on things they shoudn't have. But so do a lot of other companies.

    but given we spend someting like 900 Billion a year now on a defense department whose main function is to keep oil flowing out of the Straight of Hormuz, 15 billion would probably be a bargain if it produces an energy source that is cheaper.

    Green energy makes sense if you consider that 1) Fossil fuels are going to run out, eventually and 2) They might very well be destroying the planet.
     
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  4. G.T.
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    G.T. Diamond Member

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    The loan they got as a result of Energy Policy Act of 2005?
     
  5. HomeInspect
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    HomeInspect Senior Member

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    Better managed? The money should never have gone tt them with their track reocrd. Every auditing firm looking at this, including Price-Waterhouse has said that it was foolish. Certainly when Solyndra had a track record of losing prior to this. The naive will have no idea why the money was fed to them.
     
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  6. HomeInspect
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    HomeInspect Senior Member

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    No, the loan they got was allowed, or enabled by the act. The choice was Obama's to pay his political debts.
     
  7. naturegirl
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    naturegirl Silver Member

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    And here they come, the Obama worshipers that think he can do no wrong. I think they need to look at how much $$$$$$ was donated to the Obama campaign from Solyndra and it's "execs". Plain and simple, it's Chicago politics..........you wash my back, I'll wash yours, the backs are green ones. :)
     
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  8. G.T.
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    G.T. Diamond Member

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    Solyndras consideration was begun in 2006, finally passed in 2009 by same committee. Facts are your friends.
     
  9. JoeB131
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    JoeB131 Diamond Member

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    Actually, the Bush Administration was the first to give money to Solyndra.

    And it wasn't their spending that was the problem. It was that an alternative method of making these cells became a lot less expensive. So essentially, Solyndra was a case of the market changing, not so much mismanagement.

    The Chinese are dumping tons of money into green energy and solar energy. The question is, do we want to be left behind when this happens.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    That's the way business works in Chicago.

    There, fixed

    Obama got a $106,000 bribe from Rezko, remember?
     

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