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-billiondollar 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 companys 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 Energys 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 administrations dogmatic refusal to re-think its approach in the light of the companys 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 Obamas economic stewardship is that he doesnt 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.
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-billiondollar 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 companys 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 Energys 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 administrations dogmatic refusal to re-think its approach in the light of the companys 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 Obamas economic stewardship is that he doesnt 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.
