Insights for the Thinking Voter

Discussion in 'Economy' started by PoliticalChic, Jul 15, 2012.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    The following, while a microcosm of the governing behavior of President Obama, is actually a peek into the neurosis of an ideologue.

    1. Solyndra, the ambitious start-up, had won an Energy Department commitment for a $535 million federal loan guarantee, the first awarded under the stimulus plan. Guarantees make it easier for companies to secure private financing at lower interest rates and assure lenders that a loan will be covered by taxpayers if a recipient defaults.

    "Solyndra's plans to hire a thousand workers. The future is here," Obama said.


    2. Obama took pains to emphasize that the mere collapse of its flagship clean energy project would not diminish its enthusiasm for funding similar concerns. They were not the least bit repentant, acting as though the half-billion–dollar loss was just the ordinary course of business, to be expected in the pursuit of a noble cause, and that they would soldier,, on with taxpayer money, experimenting with more such wasteful projects.

    a. A month after Obama's visit, the company withdrew its public offering plans. A few weeks later, congressional auditors announced that Energy Department had given favorable treatment to some loan-guarantee applicants. A Government Accountability Office report found that the department had bypassed required steps for funding awards to five applicants, including Solyndra. .: U.S. Senate Committee on Environment and Public Works :: Minority Page :.



    3. “ But the internal messages revealed for the first time the high level of White House interest in the startup and its faltering finances after the Energy Department backed it with $535 million in loans…. Obama: It went through the normal review process and people thought this was a good bet.”
    White House officials were warned about Solyndra’s prospects - The Washington Post

    a. Really? “Many of us believe the company’s cost structure will make it difficult for them to survive long term. . . .” Ibid.

    b. Again? Obama: “It went through the normal review process and people thought this was a good bet.” It is clear that neither of these statements was true.

    4. The Obama White House released an unapologetic statement, declaring that it remained committed to building an economy based on clean technology. “While we are disappointed by this particular outcome, we continue to believe the clean energy jobs race is one that America can, must and will win,” it said in a statement. “The Department of Energy’s overall portfolio of investments — which includes dozens of other companies — continues to perform well and is on pace to create thousands of jobs.” Solyndra solar company fails after getting federal loan guarantees - The Washington Post



    5. In fact, these companies were not providing permanent jobs, and the jobs they did offer were created only through government infusions of cash. The inability of these companies to compete in the market was all the more remarkable given the free advertising Obama gave them with his incessant promotions and visits. David Limbaugh, “The Great Destroyer,” p. 250.



    6. . “Perhaps the most troubling aspect of the Solyndra affair- more troubling than the cronyism, the self-deluding economic analyses, the high-pressure rush to approve the loan guaranty, and the last-ditch restructuring attempt that cost the taxpayers tens of millions- is the administration’s dogmatic refusal to re-think its approach in the light of the company’s collapse. If something that wasteful and that politically embarrassing cannot force some introspection, then in all likelihood nothing can- meaning we can expect to see a lot more Solyndras in the future.” David Limbaugh, Op.Cit., p.262.


    7. One major problem with Obama’s economic stewardship is that he doesn’t learn from his failures. This is doubtlessly due to his ideological zeal for a comprehensive array of leftist causes and pressure from his progressive base.

    Every failed stimulus program, green energy boondoggle, and debt-laden budget proposal is followed up with demands for more of the same. More than three years into his presidency, he continues to blame President Bush for all our economic troubles, disregarding the fact that his own federal spending on Cash for Clunkers, windmills, high-speed rail line, and other so-called economic stimuli and redistributionist schemes, along with his failure to tackle entitlement reform, have blown up the deficit while failing to improve the economy.
    David Limbaugh, Op.Cit., p. 165.


    Having proven that he cannot learn, there is no reason to believe that there is any element of 'on the job training' that has been, or will be, efficacious.



    Therefore.....voting for Obama fits Einstein's definition of insanity.
     
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  2. Moonglow
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    Moonglow Diamond Member

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    so in other words you dislike capitalism and believe all companies are to big to fail. Obama has not done much if anything different except getting national healthcare which has been debated since the 1940's
     
    Last edited: Jul 15, 2012
  3. Peach
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    Peach Gold Member

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    More long distance diagnoses? I think Frist has a copyright in that area.
     
  4. Dante
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    Dante On leave Supporting Member

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    Insights from PoliChick?


    :rofl:
     
  5. Moonglow
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    Moonglow Diamond Member

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    Hawaii and the DOE do not follow republicanism and their dislike of anything new and green.
    the state and the military are going to make hawaii less if not free from depending on oil.
     
  6. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    It's easy to make bets with other peoples money when you're a Banker or the President isn't it?
     
  7. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Obama wasted taxpayer money on political ventures that the previous administration knew were economically not feasible. He rewarded his benefactors at our expense.
     
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  8. Peach
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    Peach Gold Member

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    And can spot neurosis, plus other illnesses without an exam. More of a super hero than an online poster. :eusa_shhh:
     
  9. Wry Catcher
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    Wry Catcher Platinum Member

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    Thanks so much for sharing, your personal knowledge of everything in the world is staggering, overwhelming and ... total patisan bullshit.
     
    Last edited: Jul 15, 2012
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    "...previous administration knew were economically not feasible."

    Where is the critical thinking from our Leftist Obama supporters, asking why an investment declined by the Bush administration was championed by this one?

    “The results of the Congressional probe shared Tuesday with ABC News show that less than two weeks before President Bush left office, on January 9, 2009, the Energy Department's credit committee had voted against offering a loan commitment to Solyndra.” Bush Admin. Voted AGAINST Solyndra Loan - Solyndra - Fox Nation

    Was it because of a burning desire to connect America with an alternative energy source that would serve our needs?

    If so....where is the learning curve as failures became evident.


    Or...was it due to the fact that his supporters were invested in these particular ventures.....

    ....if so...isn't that the definition of corruption?

    Speaking of corrupt....

    “On March 3, 2007 USA Today ran a piece on then-Senator Obama regarding two stocks in his portfolio. Obama was running for President and his critics were stating that the Senator may have been involved in insider trading, cronyism, using his position for personal gain, etc. Basically the media ran this story for a day, and then kissed it goodbye. Could you imagine the outrage if these same set of circumstances involved a Republican running for President?”
    Obama the Investor

    And....


    “The liberal Daily Beast reports on a broadband project backed by a frequent Obama White House visitor and donor that has Pentagon officials concerned over potential military GPS interference. The Obama FCC took the lead in intervening on the donor, billionaire hedge fund manager Philip Falcone’s, behalf and granting his company called “LightSquared” one of those coveted Obama waivers from existing law. Then Obama officials reportedly pressured a general to alter his testimony about the company’s impact on military satellite transmissions.” Michelle Malkin » LightSquared: The next Obama pay-for-play morass?


    Could it be as simple as this: the Chicago thug is a plain ol' garden variety crook?
     
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