proof that Obama and his policies are at odds with job creation

[Dr.House]

I wonder how much of that 535 million he got for his services?

Barry's cut was about 50K...

The loan guarantee, the administration's first for a clean energy project, benefited a company whose prime financial backers include Oklahoma oil billionaire George Kaiser, a "bundler" of campaign donations. Kaiser raised at least $50,000 for the president's 2008 election effort.

That was the front door part. I wonder what the back door payoff looked like.

A fucking boatload, no doubt...

 

[Truthmatters]

Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.


guess why they didnt get their loans?

That reading comprehension thing is a real thorn in your side, isn't it?

Did you not read the OP???

They DID get their loan.
500 fucking billion dollars.

GONE
*poof*

that line is from the article you silly git

 

[signelect]

Obama has paid political debt to everyone but the one part of the population that really thought he was their savior. Care to guess what part that is. Same part as represented by Waters and Shelia Jackson Lee. Some how this power thing seems to bring out the best in them doesn't it.

 

[dilloduck]

We have to accept this as being OK as I'm sure Repiblicans have wasted money sometime too. Don't be so hard on Barry.

 

[NGSamson]

Greenies suck and are the cause of our high gas prices. Only if we elected Bachmann since she would lower the price to under $2.00 by drilling more.

Thats what they all say.

 

[Truthmatters]

Maybe if the loans had actually come through then they would have made it.

 

[hortysir]

Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.


guess why they didnt get their loans?

That reading comprehension thing is a real thorn in your side, isn't it?

Did you not read the OP???

They DID get their loan.
500 fucking billion dollars.

GONE
*poof*

that line is from the article you silly git

From the article that you didn't read, you mean?

Because if you had read the article you would have seen the first fucking paragraph

The Obama administration bypassed procedural steps meant to protect taxpayers as it hurried to approve an energy loan guarantee to a politically-connected California solar power startup, ABC News and the Center for Public Integrity's iWatch News have learned.

 

[Avorysuds]

And here all I thought we needed was an economy that is still getting worse and UE numbers that have never stopped growing... Oh wait, more people drop off the ass end sometimes faster than new people are added and the UE number ticks down, despite the real number of people without a job goes up...

 

[Skull Pilot]

Solyndra, a much touted solar panel manufacturer and one of Obammy's favorites is seeking Chapter 11 protection and is about to stiff taxpayers to the tune of 500 million.

Here's our Spender in Chief gushing about Solyndra

And we can see the positive impacts right here at Solyndra. Less than a year ago we were standing on what was an empty lot. But through the recovery act this company received a loan to expand its operations. This new factory is the result of those loans.

Too bad Solyndra won't be paying those loans back

And there's more. It seems Solyndra got sweetheart interest rates which are now under investigation.

Government Investment Disaster in the Works?

We all know this will go nowhere but it's something we all should know anyway.

merged with existing thread.

 

[hellofromwarsaw]

Thanks to Nonstop Pub obstruction and fear mongering since 1/2010, Pub Dupes!!

 

[hellofromwarsaw]

So let China win the green industry battle...great job, Pubbies!

 

[hortysir]

So let China win the green industry battle...great job, Pubbies!

You missed the part where I posted all the foreign countries this country is in, hunh?!

How much more money would YOU like to give them?

 

[Brutus]

The USA is the only modern country in the world where full time workers live in poverty

typical America hating liberal! OECD gives the Republican capitalist USA the highest per capita income of any major country.

You don't need to be an economist to see how rich the middle class got by looking at all the new inventions they could suddenly afford in the last 10 years: suddenly we had plasma TV's, LCD TV's, DLP-TV's, iPods, iphones, CD's and CD players, DVDs and DVD players, Blue Ray and Blue Ray players, PCs, desk top PCs, DVRs, color printers, satellite radio, Advantium ovens, HD-TV, Playstations, X-Boxes, X-box live, X-box Konnect, broadband, satellite TV, cell/camera/video phones, digital cameras, OnStar, palm corders, Blackberries, smart phones, home theaters, SUVs, big houses, more houses per capita, TiVo, 3D movies and TV's, built in wine coolers, granite counter tops, $200 sneakers, color matched front loader washing machines, matching washer dryer combinations, McMansions, 6 burner commercial ranges, Sub Zero refridgerators, more cars than drivers, a $1 billion ring tone industry, a pet industry that just doubled to $34 billion, 10's of millions lining up to buy Apple's I-tablet, Wii, Netflix boxes, jet skis, low profile tires, aluminum/titanium rims, Harley Davidson and Japanese motorcycles. $700 Billion Christmas 2010, $10.5 billion movies 2010, 10 million ocean crusies.

The list goes on and on. I hope that helps you realize you can't just parrot the communist press and expect to make sense? They have other objectives and are merely using you to promote their point of view.

 

[Sundial]

Venture capital for new technologies is inherently risky. Successful venture capital firms fund losers all the time; it's the nature of the business.

 

[flacaltenn]

Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.


guess why they didnt get their loans?

They GOT the federal loans --- read the OP.. THey needed MORE investment. And with 4 other solar panel manufacturers calling it quits in the past couple years -- the market is NOT THERE..

Because the product can't compete in the marketplace and make a profit???

Bet you were gonna blame it on the banks huh? BANKS don't generally fund technical startups without substantial Venture Capital coming in first. After 20 years in Silicon Valley I can tell you that if they had a unique viable product -- the capital should have been available.

 

[flacaltenn]

Venture capital for new technologies is inherently risky. Successful venture capital firms fund losers all the time; it's the nature of the business.

Yeah -- but they hire a lot of guys like me to go in and do a full due diligience evaluation of the technology, the staff, the plan, the patents, ect..... The moron govt - just wrote a check.

 

[flacaltenn]

This is just the beginning of the unraveling of the "green alternatives".. Bad news all around for big govt green revolutions...

Deval’s $50 Million Pile Of Scrap : The Natural Truth

Originally, MA Gov. Deval Patrick wanted to give Evergreen Solar more than $100 million in taxpayer subsidies. Once elected, “Patrick sealed the deal by offering Evergreen more than $76 million in grants, land, loans, tax incentives, and other aid,” the Boston Globe-Democrat reported in 2009.

Today?

Evergreen Solar Inc. filed for Chapter 11 bankruptcy protection yesterday, completing a stunning reversal of fortune for a high-flying alternative-energy company that once seemed to herald a new era for the Massachusetts economy...At its peak, Evergreen employed roughly 900 people locally and attracted more than $50 million in state support, as its stock price soared above $100 a share.

Yesterday, Evergreen’s stock closed at 18 cents...Massachusetts is one of its top creditors, owed $1.5 million in rent.

gulftoday.ae | Solar shakeout brings more failure

Perhaps the biggest casualty so far is US solar wafer maker Evergreen Solar Inc. It was once at the leading edge of the solar world and boasted a market cap of $9.8 billion, but failed to keep up with Asian competitors and filed for bankruptcy protection last week.

A smaller, private US solar company, SpectraWatt Inc, followed Evergreen into bankruptcy this week after failing to raise money or find a strategic partner.

The European companies that helped drive the solar boom of the 2000s have also been among the hardest hit: Norway’s Renewable Energy Corp ASA and Germany’s Q-Cells SE, once the world’s top solar cell maker, both took massive writedowns in the last month for cutting production at European plants indefinitely.

Those companies’ costs are far higher than their Chinese competitors, who swept into high-subsidy markets in Europe and handily stole market share from the industry stalwarts.

Like Q-Cells and REC, many of those still standing have cut production in markets where costs are higher to preserve declining capital. Germany’s Solon SE, for instance, is closing an Arizona module plant, and BP Solar recently closed its Maryland manufacturing facility. .

 

[Maple]

Solar Energy Company Touted By Obama Goes Bankrupt - ABC News

A half a billion of OUR tax dollars went to this company and now Obama wants us to trust him with more of our tax dollars to create more jobs? This is the 3rd company Obama has directly involved himself in that has gone belly up.
When will the left learn that govt can't create free market jobs but instead they simply need to get out of the way.

Snipit

“Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion,” Solyndra president and CEO Brian Harrison said in a statement. “Raising incremental capital in this environment was not possible. This was an unexpected outcome and is most unfortunate.”

Of course, Obama is the Conan of job destruction.