USA banks and industry are sitting on 19 million jobs to make Obama look bad

[merrill]

"Funny how you don't demand the same thing from Solyndra execs."

This jewel was financed with money from republican investors and GW Bush allies when GW Bush was in office.

Obama apparently thought it was important to help republicans get through their disaster.

Bullshit dude. The Bush administration nixed Solyndra.

Barry boy came in and had to pay back one of his big doners and push his green, unaffordable bs. Hence we taxpayers got hosed for 500 million via a bankrupt Solyndra. His big assed doner is first up for payback as well.

Correct.

Obama’s Big Green Boondoggles; Solyndra circus! Dems’ Blame Bush/Big Oil mantras; OMB warned: Firm “not ready for prime time;” Update: Treasury IG investigates; “Everyone knew”

Solyndra Pestered Bush Administration Over Delays in Approving Federal Loan, Emails Show

Solyndra loan guarantee timeline :

It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama
administration for political reasons. In fact, the loan guarantee was a three-year process
that started under the Bush administration and included private investors who had diverse political interests.

Below is a brief timeline of the loan guarantee process. (A more comprehensive timeline
can be found here.)

• May 2005: Solyndra is founded to provide a cost-competitive alternative to silicon-
based solar panels just as a global silicon shortage begins driving up prices of solar
photovoltaics.

• July 2005: The Bush administration signs into law the Energy Policy Act of 2005, creating
the 1703 loan guarantee program.


• February 2006–October 2006: In February, Solyndra raises its first round of venture financing worth $10.6 million from CMEA Capital, Redpoint Ventures, and U.S. Venture Partners. In October, Argonaut Venture Capital, an investment arm of George Kaiser, invests $17 million into Solyndra. Madrone Capital Partners, an investment arm of the Walton family (of Wal-Mart fame), invests $7 million.

• December 2006: Solyndra applies for a loan guarantee under the 1703 program.

• 2007: The loan guarantee program is funded. Solyndra was one of 16 clean-tech compa-
nies deemed ready to move forward in the due diligence process. The Bush administra-
tion DOE moves forward to develop a conditional commitment (an agreement by a
lender to provide a loan to a qualified borrower within a specified time period).

• November 2008: Silicon prices remain very high on the spot market, making non-silicon-
based thin film technologies like Solyndra’s very attractive to investors. The company raises
$144 million from 10 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. The committee, consisting of career civil servants
with financial expertise, remands the loan back to DOE “without prejudice” because it
wasn’t ready for conditional commitment.

•March 2009: The same credit committee approves the strengthened loan application. The
deal then passes on to DOE’s credit review board (CRB), consisting of senior political
appointees. The CRB then approves the deal the DOE issue a conditional commitment
setting out terms for a guarantee.

Partisan attacks leave out key facts: Prominent Solyndra investors include
Republicans, too

While much has been made of the left-leaning Kaiser connection to initial investors into
Solyndra, the Walton family—a major funder of Republican campaigns—was also a
prominent investor.

Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story | ThinkProgress

 

[merrill]

Meanwhile, non-financial companies are keeping their profits liquid, rather than plowing them back into investments, to the tune of about $2 trillion.

Together, that amounts to almost a quarter of the U.S. gross domestic product.

Pollin and his colleagues figured that even accounting for a massive safety cushion, at least $1.4 trillion of those reserves should be considered excess.

Meanwhile, the report notes, small business are having a hard time getting anyone to lend them money.

The report concludes that investing the $1.4 trillion in private businesses would generate an enormous surge in employment. It recommends that the money in particular be channeled toward "small businesses that face larger than normal credit constraints; more labor intensive businesses; and businesses that generate large social as well as private benefits."


Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

 

[Oldstyle]

Bullshit dude. The Bush administration nixed Solyndra.

Barry boy came in and had to pay back one of his big doners and push his green, unaffordable bs. Hence we taxpayers got hosed for 500 million via a bankrupt Solyndra. His big assed doner is first up for payback as well.

Correct.

Obama’s Big Green Boondoggles; Solyndra circus! Dems’ Blame Bush/Big Oil mantras; OMB warned: Firm “not ready for prime time;” Update: Treasury IG investigates; “Everyone knew”

Solyndra Pestered Bush Administration Over Delays in Approving Federal Loan, Emails Show

Solyndra loan guarantee timeline :

It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama
administration for political reasons. In fact, the loan guarantee was a three-year process
that started under the Bush administration and included private investors who had diverse political interests.

Below is a brief timeline of the loan guarantee process. (A more comprehensive timeline
can be found here.)

• May 2005: Solyndra is founded to provide a cost-competitive alternative to silicon-
based solar panels just as a global silicon shortage begins driving up prices of solar
photovoltaics.

• July 2005: The Bush administration signs into law the Energy Policy Act of 2005, creating
the 1703 loan guarantee program.


• February 2006–October 2006: In February, Solyndra raises its first round of venture financing worth $10.6 million from CMEA Capital, Redpoint Ventures, and U.S. Venture Partners. In October, Argonaut Venture Capital, an investment arm of George Kaiser, invests $17 million into Solyndra. Madrone Capital Partners, an investment arm of the Walton family (of Wal-Mart fame), invests $7 million.

• December 2006: Solyndra applies for a loan guarantee under the 1703 program.

• 2007: The loan guarantee program is funded. Solyndra was one of 16 clean-tech compa-
nies deemed ready to move forward in the due diligence process. The Bush administra-
tion DOE moves forward to develop a conditional commitment (an agreement by a
lender to provide a loan to a qualified borrower within a specified time period).

• November 2008: Silicon prices remain very high on the spot market, making non-silicon-
based thin film technologies like Solyndra’s very attractive to investors. The company raises
$144 million from 10 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. The committee, consisting of career civil servants
with financial expertise, remands the loan back to DOE “without prejudice” because it
wasn’t ready for conditional commitment.

•March 2009: The same credit committee approves the strengthened loan application. The
deal then passes on to DOE’s credit review board (CRB), consisting of senior political
appointees. The CRB then approves the deal the DOE issue a conditional commitment
setting out terms for a guarantee.

Partisan attacks leave out key facts: Prominent Solyndra investors include
Republicans, too

While much has been made of the left-leaning Kaiser connection to initial investors into
Solyndra, the Walton family—a major funder of Republican campaigns—was also a
prominent investor.

Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story | ThinkProgress

Do yourself a favor, Merrill...leave the "ThinkProgress" bullshit where it belongs. Nobody with half a brain buys anything that partisan site puts out because it's nothing but progressive propaganda.

The fact is...the Bush Administration shelved Solyndra's loan application because the people who examined it raised questions about the viability of the project. It was the Obama Administration that rescued Solyndra from the scrap heap and pushed hard for it to be approved even though numerous experts raised red flags and warned that the numbers just didn't work. This is Obama's fiasco...Bush's people did the right thing in turning it down.

 

[Oldstyle]

Meanwhile, non-financial companies are keeping their profits liquid, rather than plowing them back into investments, to the tune of about $2 trillion.

Together, that amounts to almost a quarter of the U.S. gross domestic product.

Pollin and his colleagues figured that even accounting for a massive safety cushion, at least $1.4 trillion of those reserves should be considered excess.

Meanwhile, the report notes, small business are having a hard time getting anyone to lend them money.

The report concludes that investing the $1.4 trillion in private businesses would generate an enormous surge in employment. It recommends that the money in particular be channeled toward "small businesses that face larger than normal credit constraints; more labor intensive businesses; and businesses that generate large social as well as private benefits."


Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

And if there's another site that's almost as ludicrous as ThinkProgress...it's the Huffiington Post. If you want to be taken seriously here, find some credible source material.

 

[IndependntLogic]

Meanwhile, non-financial companies are keeping their profits liquid, rather than plowing them back into investments, to the tune of about $2 trillion.

Together, that amounts to almost a quarter of the U.S. gross domestic product.

Pollin and his colleagues figured that even accounting for a massive safety cushion, at least $1.4 trillion of those reserves should be considered excess.

Meanwhile, the report notes, small business are having a hard time getting anyone to lend them money.

The report concludes that investing the $1.4 trillion in private businesses would generate an enormous surge in employment. It recommends that the money in particular be channeled toward "small businesses that face larger than normal credit constraints; more labor intensive businesses; and businesses that generate large social as well as private benefits."


Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

And if there's another site that's almost as ludicrous as ThinkProgress...it's the Huffiington Post. If you want to be taken seriously here, find some credible source material.

I find HuffPost as credible as FOX, MSNBC or any "leaning" media source. Very few of them tell outright lies but they do let their slant decide what gets in their media.
This post is just outright bs though. A couple of liberal economist determine that major banks (which are not privately owned, to whomever said that could be a factor) and companies are not hiring to spite Obama.
Major companies are public. They have quarterly stockholders meetings. If the stocks are down, they risk losing their jobs. They don't want to do that. If stocks go up, they make jillions of dollars! They DO want to do that! They tend to like lots of money.
This is not rocket science.