Republican Investors lose big from Bush's pet project called "Solyndra".

Discussion in 'Politics' started by rdean, Aug 4, 2012.

  1. rdean
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    rdean rddean

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    Facts?

    What emerges is that a bunch of Republican donors and allies had invested in Solyndra. That is probably the motivation for the Bush administration’s support of Solyndra. So the loan originated during the Bush administration and was passed along for renewal to the Obama administration.

    Democrats have pointed out that Solyndra’s loan process was initiated by the Bush administration and that many key investors were Republicans.

    December 2006: Solyndra Applies for a Loan Guarantee under the 1703 program.

    Late 2007: Loan guarantee program is funded. Solyndra was one of 16 clean-tech companies deemed ready to move forward in the due diligence process. The Bush Administration DOE moves forward to develop a conditional commitment.

    The company raises $144 million from ten different venture investors, including the Walton-family run Madrone Capital Partners. This brings total private investment to more than $450 million to date.

    January 2009: In an effort to show it has done something to support renewable energy, the Bush Administration tries to take Solyndra before a DOE credit review committee before President Obama is inaugurated.

    Once taxpayer money was involved, the Obama administration was reluctant to let Solyndra fail.

    Solyndra and Bush | The Moderate Voice

    Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years

    What critics fail to mention is that the Solyndra deal is more than three years old, started under the Bush Administration, which tried to conditionally approve the loan right before Obama took office. Rather than “pushing funds out the door too quickly,” the Obama Administration restructured the original loan when it came into office to further protect the taxpayers’ investment.

    GOP Has Solyndra Ties - Influence Alley

    A partnership affiliated with the Walton family of Wal-Mart fame, which, Grunwald also reports, leans Republican.

    And that's not the only GOP tie. San Jose Mercury News scribe Dana Hull reported that Solyndra CEO Brian Harris is a registered Republican.

    So with the White House going to great pains to point out that the loan guarantee program Solyndra used started under then President George W. Bush, it's only a matter of time until Democrats start publicly throwing around the GOP connections.

    Solyndra Redux: Anatomy of a Republican Hit Job
    by John Atcheson
    Republicans have launched a full-scale attack on clean energy, and Solyndra always seems to be exhibit A in their assault. Recently, Romney went so far as to fabricate tales of Obama showing favoritism in this Bush-initiated loan – a whopper even by Romney’s record of complete disregard for the truth.

    https://www.commondreams.org/view/2012/06/07-7

    ----------------------------------------------------------

    How many times have we seen this during Obama's administration? A disaster or failure that starts under Bush, becomes Obama's "fault". A success like saving the auto industry, Romney tries to take credit for. Or getting Bin Laden, Cheney tries to take credit for.

    For some reason, Republicans thinks that video tape doesn't exist or the SEC or Mass Ethics Commission don't keep records. They seem to think that they can fix the truth "retroactively".

    Romney 'Retired Retroactively' from Bain - Politics
     
  2. OODA_Loop
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    OODA_Loop Account Terminated

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    Bush didn't renew it. Obama did. [/thread]
     
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    Last edited: Aug 4, 2012
  3. Oddball
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    Oddball BANNED Supporting Member

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    You forgot the liberoidal mantra...

    [​IMG]
     
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  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Deany tell us again how Bush was responsible for the Plague of Frogs.

    We love that story
     
  5. Stephanie
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    Stephanie Diamond Member Supporting Member

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    awww how intelligent of him, so what's he do........... he throws BILLIONS more at them..

    what a savior

    this man can not be TRUSTED to spend OUR MONEY wisely...
     
    Last edited: Aug 4, 2012
  6. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Does Sean still talk about this?
     
  7. rdean
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    rdean rddean

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    The really hilarious part is that Bush got his right wing Republican friends to "invest". And they got hosed.
     
  8. Conservative
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    Conservative Type 40

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    the OP is apparently too fucking stupid to realize that the Bush administration said NO to the Solyndra loan. The Obama administration said Yes.

    End dumb ass thread/
     

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