Listening
Gold Member
- Aug 27, 2011
- 14,989
- 1,650
- 260
Good god you cons are so desperate to find any negativity in regards to Obama. It's so pathetic. You come across like children. I mean hell we are talking about a 5 billion return here. That's it. I don't even think it's really all that great. You just have to tear it apart just so you can feel validated about hating Obama.Yes I meant paltry.Explain how any of that proves the tax payers didn't get a 5 billion return? The initial cost of Solydra's failure was a poultry 500 million.You really are showing what a fool you are.
I have not said anything different from what the report said.
I simply took the numbers and ran them like I would any venture analysis.
If you can show me where I am wrong instead of whining like a little kid, I'll be here.
Yes you are right! "poultry" i.e. chicken feed!
Think you meant paltry not "poultry"!
See it appears even understanding simple words is hard for people like you!
The issue is simple. Is $5 billion return over 22 years on a $32 billion project equal to 0.71% a year?
Do you understand? This is just another example of how Gruber was right in his "Stupidity of the American voter".
Do you understand simple math better then you understand the meaning of words?
Do you realize how ridiculous you sound? So the fuck what if it is over 22 years? SO THE FUCK WHAT?
Do you understand that?
It works out to .71% per year return on investment (ROI) over 22 years.
In case decimals cause you problems... that is 7/10ths of one percent ROI.
The average interest rate on a savings account over past 22 years has been 4.35%
Interest Rates on Savings Accounts since 1960
Do you understand that putting money in a savings account generates nearly 4 times the return the return generated by projects like Solyndra?
Think how many wounded veterans would have better care with the same $32 billion?
You also need to remember that the economy under Obama today is a stellar improvement over what it had become in early 2009. That all started with Bush in case you like to pretend that isn't true.
5 billion is 5 billion is 5 billion. I don't care what it comes down to per year lol. You need to get a life.
Got it.
5 Billion is only 5 Billion/8Trillon (0.0625 %) of the debt Obama has run up. Wow, all he needs is 1600 more investments like that. That would only take 54 Trillion dollars.
And he could do it over 100 fucking years if it were up to you.
This assumes that the asswipe who wrote the article understands that the SIMPLE interest (at 4%) on 32 billion dollars over 22 years is.....28 Billion. If we compound that interest (they don't say when the loans get paid back), it is much more than that.
Wall Streets going to enjoy all that extra money in the meantime.