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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.
The issue with Solyndra, was they had outdated technology before they broke ground on the building and they knew it. Yet, the government and Solyndra pushed it through. No, smart business goes with a plan that is a fail from the start. Just stupid.
But the (Bush) Energy Department's credit committee held things up for more analysis.
Obama didn't bother with all this "analysis" stuff, he had Steve $8/gallon gas Chu make the loan
The same committee made the loan that held it up. /snore
Hey, we know you are snoring................Obama thought it was a good thing until it tanked, he made sure the loan happened. When they went belly up, it suddenly became Boooooosh again. I think you need to wake up!!
The loan they got as a result of Energy Policy Act of 2005?
The loan they got as a result of Energy Policy Act of 2005?
No, the loan they got was allowed, or enabled by the act. The choice was Obama's to pay his political debts.
Solyndras consideration was begun in 2006, finally passed in 2009 by same committee. Facts are your friends.
The same committee made the loan that held it up. /snore
Hey, we know you are snoring................Obama thought it was a good thing until it tanked, he made sure the loan happened. When they went belly up, it suddenly became Boooooosh again. I think you need to wake up!!
Actually, in reality world -
Bush got the wheels rolling and prompted Solyndra to be put on the list of 16 for loan guarantees.
His committee didn't reject it, as your Faux article fed to you - it deferred it for more study, without a final ruling. Just about the opposite of a rejection.
Said committee eventually passed it, under Obama's watch.
That's the facts - not the unjustified partisan hyperbole that you like and dislike, depending on the day of the week apparently.
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.
Jay Carney on Solyndra - "That's the way business works" - YouTube
Hey, we know you are snoring................Obama thought it was a good thing until it tanked, he made sure the loan happened. When they went belly up, it suddenly became Boooooosh again. I think you need to wake up!!
Actually, in reality world -
Bush got the wheels rolling and prompted Solyndra to be put on the list of 16 for loan guarantees.
His committee didn't reject it, as your Faux article fed to you - it deferred it for more study, without a final ruling. Just about the opposite of a rejection.
Said committee eventually passed it, under Obama's watch.
That's the facts - not the unjustified partisan hyperbole that you like and dislike, depending on the day of the week apparently.
A half a billion dollars of taxpayer money, went to a company that had obsolete technology. That is a sound government decision? It happened in September of 2009. It was okayed by Chu. It was a bad decision, it was bad business, yet you seem to justify it.
Hey, we know you are snoring................Obama thought it was a good thing until it tanked, he made sure the loan happened. When they went belly up, it suddenly became Boooooosh again. I think you need to wake up!!
Actually, in reality world -
Bush got the wheels rolling and prompted Solyndra to be put on the list of 16 for loan guarantees.
His committee didn't reject it, as your Faux article fed to you - it deferred it for more study, without a final ruling. Just about the opposite of a rejection.
Said committee eventually passed it, under Obama's watch.
That's the facts - not the unjustified partisan hyperbole that you like and dislike, depending on the day of the week apparently.
A half a billion dollars of taxpayer money, went to a company that had obsolete technology. That is a sound government decision? It happened in September of 2009. It was okayed by Chu. It was a bad decision, it was bad business, yet you seem to justify it.
No, the loan they got was allowed, or enabled by the act. The choice was Obama's to pay his political debts.
Solyndras consideration was begun in 2006, finally passed in 2009 by same committee. Facts are your friends.
Is this your case that both Bush and Obama were fascistic meddlers that had no business giving taxpayer money to private companies? Fantastic GT, welcome to the light.
Actually, in reality world -
Bush got the wheels rolling and prompted Solyndra to be put on the list of 16 for loan guarantees.
His committee didn't reject it, as your Faux article fed to you - it deferred it for more study, without a final ruling. Just about the opposite of a rejection.
Said committee eventually passed it, under Obama's watch.
That's the facts - not the unjustified partisan hyperbole that you like and dislike, depending on the day of the week apparently.
A half a billion dollars of taxpayer money, went to a company that had obsolete technology. That is a sound government decision? It happened in September of 2009. It was okayed by Chu. It was a bad decision, it was bad business, yet you seem to justify it.
post one iota of justification, or stfu.
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.
LOL.. the old "what about Bush" excuse, is still all the kool-aid drinkers have
Ever see a Whippet automobile? Many businesses in a new industry start and die. Many government backed railroads went belly up in the 19th century. A bad business model, bad luck in timing, or a competetor with a better, less expensive product can put you out of business.
Ever see a Whippet automobile? Many businesses in a new industry start and die. Many government backed railroads went belly up in the 19th century. A bad business model, bad luck in timing, or a competetor with a better, less expensive product can put you out of business.
What kind of debt did they have at the time? How much did they borrow from China?
LOL.. the old "what about Bush" excuse, is still all the kool-aid drinkers have
According to you wingnuts, the transcontinental railroad was a bad idea. As was the Corps of Discovery, or the Apollo Program.
US debt clock... 15.75 trillion and counting... And this is the guy who campaigned on cutting the debt in half after a first term... You suckers fell for it big time..
U.S. National Debt Clock : Real Time
