Hypocrisy in action

Discussion in 'Politics' started by Wry Catcher, Aug 11, 2012.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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    "Republican presidential candidate Mitt Romney visited the empty Solyndra factory in mid-2012 as his campaign shifted from the primaries toward the convention and the general election. He criticized the bankruptcy and President Obama's previous support. Soon after Romney's visit to Solyndra another solar energy company, Konarka, declared bankruptcy. As Solyndra, Konarka had received federal financial support. But Konarka also had received 2002 financial support from then-Massachusetts Governor Romney's administration. As such Konarka became something of a counterpoint to Solyndra in the political exchange with the Democratic president."

    Solyndra - Wikipedia, the free encyclopedia

    "As of 2006, Konarka had received $60 million in funding from venture capital firms including 3i, Draper Fisher Jurvetson, New Enterprise Associates, Good Energies and Chevron Technology Ventures. [3] Konarka also received nearly $10 million in combined grants from the Pentagon and European governments, and in 2007 was approved for further funding through the Solar America Initiative, a component of the White House's Advanced Energy Initiative. [4] The company raised a further $45 million in private capital financing in October 2007 in a financing round led by Mackenzie Financial Corporation. [5]

    The company also received $1.5 million from a state of Massachusetts alternative energy trust fund in 2003 during Governor Mitt Romney's term and another $5 million during Governor Deval Patrick's term. At the time of its bankruptcy filing in 2012, its funding history was summarized: "Konarka raised more than $170 million in private capital investments and $20 million in government grants, according to its website. Under the Bush administration, Konarka received a $1.6 million Army contract in 2005 and a $3.6 million award from the Department of Energy in 2007. Under the Obama administration, Konarka was one of 183 clean-energy companies that got a total of $2.3 billion in tax credits as part of the 2009 stimulus

    Konarka Technologies - Wikipedia, the free encyclopedia

    1. Green, renewable and alternative energy sources are our future and the sane/informed and curious members on the right and left understand and support companies engaged in the research and development of them;

    2. Only fools and liars and Republican Pols make a big deal out of Solandra (a shout out to the echo chamber and Romeny, Fox News and the right wing media group.;

    3. Only fools and liars attack efforts to produce cars using alternative sources of energy.
     
  2. SniperFire
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    SniperFire Senior Member

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    We already have a 'throwing crap in the air' thread.


    LOL
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Hydrocarbons are our future. If we are to have a future.
     

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