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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.
Do you righties bitch and moan about all the small business loans given to huge franchisees like McDonalds and KFC? No, those are republican backed businesses. Ever research how many of these make it?
SBA Loan Failure Rates for Franchises by Brand, 2009 | BlueMauMau
Why is the SBA involved in any way with a GIGANTIC multinational corporation that has more than enough capital to fund its franchise financing anyway??? More corporate welfare! SBA is for SMALL BUSINESS LOANS.
Rick Perry created more jobs in one day than Obama created in 3 years.
Do you righties bitch and moan about all the small business loans given to huge franchisees like McDonalds and KFC? No, those are republican backed businesses. Ever research how many of these make it?
SBA Loan Failure Rates for Franchises by Brand, 2009 | BlueMauMau
Why is the SBA involved in any way with a GIGANTIC multinational corporation that has more than enough capital to fund its franchise financing anyway??? More corporate welfare! SBA is for SMALL BUSINESS LOANS.
Uh...you are clearly niave to frnachise law.
A franchise is not owned by the corporation..it is owned by the small business owner.
When the Obama administration announced financing for Solyndra in 2009, the company was only four years old, and had been shipping solar panels for about a year. Officials said the administration was eager to stimulate the economy and encourage green energy start-ups. Energy Secretary Steven Chu promised Solyndra's package alone would create more than 4,000 jobs.
One year later, in March 2010, the signs were not so encouraging. "The Company has suffered recurring losses from operations, negative cash flows since inception and has a net stockholders' deficit," is how Solyndra's accountant, PricewaterhouseCoopers LLC, assessed its financial status in an audit being prepared for an initial public offering. Those factors, it stressed, "raise substantial doubt about its ability to continue as a going concern."
Rick Perry created more jobs in one day than Obama created in 3 years.
but he is from the government and your team claims government doesnt create jobs
Do you righties bitch and moan about all the small business loans given to huge franchisees like McDonalds and KFC? No, those are republican backed businesses. Ever research how many of these make it?
SBA Loan Failure Rates for Franchises by Brand, 2009 | BlueMauMau
Why is the SBA involved in any way with a GIGANTIC multinational corporation that has more than enough capital to fund its franchise financing anyway??? More corporate welfare! SBA is for SMALL BUSINESS LOANS.
Rick Perry created more jobs in one day than Obama created in 3 years.
but he is from the government and your team claims government doesnt create jobs
Government creates jobs by lowering taxes and abolishing regulations.
A franchise is not owned by the corporation..it is owned by the small business owner.
but he is from the government and your team claims government doesnt create jobs
Government creates jobs by lowering taxes and abolishing regulations.
That is not how the Texas jobs were created silly
Solyndra, a Fremont-based solar panel manufacturer that flared then sputtered, abruptly ceased operations on Wednesday and immediately laid off all 1,100 of its workers.
The shutdown marks a high-profile collapse of a company that received more than $1.6 billion in federal and private funding in recent years.
"This was an unexpected outcome and is most unfortunate," Brian Harrison, Solyndra's president and chief executive, said.
The company received $535 million in taxpayer money from the U.S. Department of Energy and $1.1 billion in private venture capital funding.
not so much, it would appear.President Barack Obama touted Solyndra as a poster child for clean energy after the company received the federal funds.
"Companies like Solyndra are leading the way toward a brighter and more prosperous future," Obama said during a 2010 visit to the company's Fremont headquarters.
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?