Nocera's take on Solyndra

Discussion in 'Politics' started by ladyliberal, Sep 24, 2011.

  1. ladyliberal
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    ladyliberal Progressive Princess

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    http://www.nytimes.com/2011/09/24/opinion/the-phony-solyndra-scandal.html

    The NYT's Joe Nocera offered the strongest defense of Solyndra I've seen so far. He says

    -- No one is going to jail

    -- The government has a role to play in investing in risky new technology

    -- The scandal is "manufactured" by political partisans

    I certainly agree with Nocera on his second point. The government has wider and longer interests than businesses, so it makes perfect sense for them to invest in for-profit technology companies as well as nonprofit basic research. I think that's a point that has been lost in this wider scandal.

    However, I'm less charitable than Nocera on his other points. When executives are taking the fifth and the FBI is raiding offices, I have to think there is a possibility of criminal charges. And it seems clear that political pressure (though perhaps not extraordinary pressure) infected the decision to grant the loans. That's a worthy subject of Congressional inquiry, though of course Congress can't resist political posturing.
     
  2. WillowTree
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    WillowTree Diamond Member

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    The Phony Solyndra Scandal












    Really? it's Phoney? Our 585 million taxpayer dollars aren't missing? Oh well.. who the fuck knew?













    :lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol:
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Nocera is just carrying water for the Obama Administration.

    Solyndra is a steaming pile of Obama Cronyism...and its wasteful and corrupt "Venture Socialism".
     
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    Last edited: Sep 25, 2011
  4. bitterlyclingin
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    bitterlyclingin Silver Member

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    Nice unbiased publication there, the NYT. Was this the same newspaper that refused to halt their publication of Eric Lichtblau's and Mathew Riesens articles on the NSA Electronic Surveillance and the Terrorist Money Laundering programs when the Bush Administration pleaded with them not to? I thought so. Earlier in the day I tossed in a post about a Joe Walsh statement indicating that the Liberal Press was about to undertake a massive program to salvage their idol, This Socialist Wet Dream, from suffering any untoward effects of this bevy of scandals plaguing his administration. AP lead off with a puff piece about how his Socialist policies are caring for the unemployed recent graduates, conveniently ignoring the fact that the grads aren't able to find a job precisely because of his policies. Now we have the NYT looking under any and all rocks to find some silver linings with Solyndra. Its interesting that everybody involved in Solyndra, from George Kaiser on down, the officials in the energy department that approved the loans, and the Solyndra execs themselves were all contributors to the Democratic Party. Its just the Chicago way of governing. Too bad they couldn't find the same trail with Enron. They salivated then as if they had, though.
     
  5. Gallagher
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    Gallagher Senior Member

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    The NYT? I think this clip says it succinctly...

    [ame=http://www.youtube.com/watch?v=k8WFMKrP-PE]Obama's Hot Money - YouTube[/ame]
     
  6. daveman
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    daveman Diamond Member

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    [​IMG]

    Obama can do no wrong. Obama can do no wrong.

    [​IMG]

    "Obama-can-do-no-wrong-Obama-can-do-no-wrong..."
     
  7. oreo
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    oreo Gold Member Supporting Member

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    The FBI should be raiding the oval office as far as I am concerned. This loan was obviously made-WITHOUT following-standard protocol--access to the oval office was unprecedented--and what the taxpayers ended up with was a 535 MILLION dollar photo opt for Barack Obama and Joe Biden in a solar plant.

    The e-mails are stacking up--and the fingers are pointing right at this administration--when the prior administration--under G.W. Bush denied this loan based on solid financial information.

    $APOLLOBAMA.jpg


    The cracks in these Greek columns are crumbling.
     
    Last edited: Sep 25, 2011
  8. Charles_Main
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    Charles_Main AR15 Owner

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    What I liked was how the Obama defenders when this story first broke. Tried to blame it on Bush. Claiming the Loan "process" was started under Bush.

    They were right, it was. It was started under Bush. The Bush administration was given the same advice by the same people about the loan as Obama was. Bush decided to first stall, and finally DENY their application. Obama was told this Company would fold, even with our loan, By September of this year. He ignored it all because he wanted an example of "stimulus" in action creating green Jobs. He pushed this through, and basically tossed half a billion dollars down the shitter, So he could grand stand from the Place and make a speech.

    Then of course there is the Campaign Donations, and all that access to Obama some of the Executives had and made.

    It is hilarious watching you Libs trying and cover for this absolute disaster of a President. If this same loan had been made with a Republican President, and that Republican President had ignored advice and pushed a loan though to reward big Donors, and give himself a place to make a speech from. Democrats would all be calling for his impeachment and prosecution.

    Such a shameless bunch of Hypocrites you Libs are. Obama's hands are dirty on this, and you know it.
     
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    Last edited: Sep 25, 2011
  9. FA_Q2
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    FA_Q2 Gold Member

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    Sure it does but in this case it was not investing in technology at all, it was investing in a company. If the government is going to invest in the advancement of science then it needs to do so separate from private enterprise. Private companies need to take those discoveries and make them profitable on their own but this is a case of political buyoffs NOT investment in technology.
     
  10. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Righties don't really understand that their is always risk in lending money.
     

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