Solyndra- Obama's new nightmare.

[Wiseacre]

You know what really stinks about this whole deal? DOE sat in on board meeting, THEY KNEW THE COMPANY WAS GOING TO GO UNDER. So they restructured the deal so that when Solyndra did file for bankruptcy, the private investors would get their money back before the taxpayers did. Like this guy Kaiser, who was a major Obama supporter who helped finance the Obama campaign.

Remember the Chrysler deal, when the UAW jumped in front of the priority line for who got what back then, and the private investors got fucked? Ordinary people got royally screwed but the FOOs (Friends Of Obama) were covered.

Same deal, the taxpayers are going to get screwed for a half billion dollars, and the worst part is they're still doing it. New loan guarantees are going out the door from DOE to the same companies that have already gone bust. And these pricks have the nerve to ask for higher tax rates and more money. Fuck 'em.

 

[francoHFW]

According to what BS bought off network? Obviously Dems are more Green and intelligent oilman boob Booosh...

 

[AquaAthena]

This is what happens people when government uses your money to do business, they are lousy at it, everything they have done along these lines is a total failure and it costs YOU.




Solyndra Loan: Now Treasury Is Launching Investigation - ABC NewsThe Treasury Department's inspector general has opened a new front in the investigation of the government loan to Solyndra, the now bankrupt company that had been touted as a model of President Obama's ambitious green energy program, ABC News and the Center for Public Integrity/iWatch News have learned.

The new probe involves the $535 million loan, arranged by the Energy Department, but actually processed by the Federal Financing Bank, a government lending institution that falls under Treasury's control. Already, the FBI and the Energy Department's inspector general have executed search warrants at Solyndra's headquarters and questioned company executives.

And there are more:

At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.

Read more: Solyndra Not Sole Firm To Hit Rock Bottom Despite Stimulus Funding | Fox News

 

[Oldstyle]

And in 2011 House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) had oversight of the DOE!

The Obama Managed DOE has a long pattern of subverting Congress. Congress refused to pass Cap & Trade, so it is doing so via regulation. Unless you have any evidence that this loan was submitted prior to approval for Congressional sign off, you are just playing with smoke and mirrors...and a time machine. The loans were made in 2009, not 2011.

But putting private investors ahead of taxpayers happened in 2011 under the oversight of the GOP.

You're amusing. The DOE was being run by Steven Chu.

As for who was behind the restructuring of the loan? In their testimony to the committee now investigating this, Zients and Silver defended the decision to restructure Solyndra's loan guarantee in February amid the company's mounting financial problems saying that Government officials believed the restructuring provided the best chance for taxpayers to recoup their money.

The restructuring deal put the government in a secondary position to recover its money in bankruptcy, behind $75 million in new private capital raised by the company. Republicans said that violated the 2005 law that created the loan program, which says government money should be first in line. This whole thing was done with a representative of the DOA sitting in on Solyndra board meetings. The DOA KNEW what was going on and yet they allowed this loan to be restructured even though that broke that law.

Silver said Obama administration lawyers determined that the law applied only to the initial loan guarantee, not to any restructuring.

So where in that process is the GOP responsible for what happened? You guys have sunk about as far as you possibly can with the whole "blame the GOP" thing Ed. Solyndra was something that the Democrats were holding up as proof that THEY were leading us into the future with "green" industries. They pushed the loan through for Solyndra because it was going to make for a great photo op with the Vice President. Obama went out to their factory to tout it's "success" as proof that his stimulus was creating new jobs. Then when it blows up in their faces, you come here and try and shift the blame to the GOP? Like I said...that's amusing.

 

[Ernie S.]

You dupes have no evidence of graft...Foxmorons!!

The investigating Congressional committee has emails idiot.

The E-mails don't show any graft, except to bought off a-hole talking heads and Foxbots.
The disfunction and paralysis caused by Un-American (TIME) no compromise Pubs are ruining the economy, AND handing the alternative energy industry of the future to the Chinese. Brilliant!
Enjoy Hell...

Please! someone? WTF does HFW mean by (TIME)?
Is that a poor acronym for Time to Ignore ME?
And how the fuck did he get to one in the green? Wasn't he seriously into red territory in his former incarnation? Seems to me he ought to be 3 or 4 splats red by now.

 

[francoHFW]

Ever heard of Time magazine? Change the gd channel...

I don't know anything about the splats etc you RW numbskulls are obsessed with. Great circle jerk you dittoheads have...

 

[Charles_Main]

According to what BS bought off network? Obviously Dems are more Green and intelligent oilman boob Booosh...

You are Pathetic.

First you idiots tried to say this was Bushes Fault..

When it becomes clear that the Bush White House had Stalled their applications, and that many people had advised against loaning them any money. You start claiming it's all being made up By FOX.

LOL

sorry your tried and true deflect and blame others tactic is not going to work this time.

This colossal Fuck up, is 100% Obama's Fault.

 

[Charles_Main]

The investigating Congressional committee has emails idiot.

The E-mails don't show any graft, except to bought off a-hole talking heads and Foxbots.
The disfunction and paralysis caused by Un-American (TIME) no compromise Pubs are ruining the economy, AND handing the alternative energy industry of the future to the Chinese. Brilliant!
Enjoy Hell...

OMG it must hurt being as fucking stupid as you are.

China is dominating in the Solar field, Because they have mass amounts of CHEAP FUCKING LABOR.

 

[saveliberty]

According to what BS bought off network? Obviously Dems are more Green and intelligent oilman boob Booosh...

Hey fucktard. It is C-o-n-g-r-e-s-s that has all the emails and investigative information. It has been reinforced by Solyndra employees on several counts. Solargate is here.

 

[Charles_Main]

According to what BS bought off network? Obviously Dems are more Green and intelligent oilman boob Booosh...

Hey fucktard. It is C-o-n-g-r-e-s-s that has all the emails and investigative information. It has been reinforced by Solyndra employees on several counts. Solargate is here.

He is just freaking out, because he knows that Prediction system that "has never been wrong" and predicted Obama would win in 2012. Did so based on criteria, one of which was, Obama had had no scandals.

ROFLMAO

he has one now, a fucking big one. and it goes right to the heart of his Whole Green Economy agenda, we are watching what happens when a bunch of Idealist idiots who know Nothing about Business, Decide they are going to try and pick winners and losers, and try and force an industry into Profitable viability through sheer will power alone. It fucking Fails, and we lose money.

 

[Meister]

Ever heard of Time magazine? Change the gd channel...

I don't know anything about the splats etc you RW numbskulls are obsessed with. Great circle jerk you dittoheads have...

It's quite evident that you just can't fix stupid.

 

[Ernie S.]

Ever heard of Time magazine? Change the gd channel...

I don't know anything about the splats etc you RW numbskulls are obsessed with. Great circle jerk you dittoheads have...

My first thought was Time magazine, but I can't, for the life of me see any connection. Please explain your hatred of Time. Does this hatred cause you to, perhaps, skip your medication? Did Time abduct you and take you away in their space ship and subject you to painful probes.
It really takes some serious balls to call me a numbskull.

 

[Ernie S.]

Ever heard of Time magazine? Change the gd channel...

I don't know anything about the splats etc you RW numbskulls are obsessed with. Great circle jerk you dittoheads have...

It's quite evident that you just can't fix stupid.

Is this guy the subject of all Polish jokes?

 

[saveliberty]

According to what BS bought off network? Obviously Dems are more Green and intelligent oilman boob Booosh...

Hey fucktard. It is C-o-n-g-r-e-s-s that has all the emails and investigative information. It has been reinforced by Solyndra employees on several counts. Solargate is here.

He is just freaking out, because he knows that Prediction system that "has never been wrong" and predicted Obama would win in 2012. Did so based on criteria, one of which was, Obama had had no scandals.

ROFLMAO

he has one now, a fucking big one. and it goes right to the heart of his Whole Green Economy agenda, we are watching what happens when a bunch of Idealist idiots who know Nothing about Business, Decide they are going to try and pick winners and losers, and try and force an industry into Profitable viability through sheer will power alone. It fucking Fails, and we lose money.

It truly does strike at the heart of everything we have been pointing out is wrong with Obama's adminstration. DOE chief Chu is toast. Then we will hear about new oversight of DOE blah, blah, blah.

 

[francoHFW]

Change the channel, Foxbots. This is nowhere else and will be forgotten in no time. And the Chinese and others will still have a huge headstart on Green, Africa, better infrastucture etc, just so powermad pubs can get back in to screw us all AGAIN!! Pub dupes!!

 

[saveliberty]

It is in a Congressional committee. It is NOT going away. Can you look up the term impeachment?

 

[francoHFW]

Pubs in congress will grand stand, Fox and Rush will go on and on. Nobody in the real world cares.

 

[francoHFW]

Can you look up blow job? Anything to get reelected and cheat us all AGAIN, country be damned. He's no Clinton, SHYTTEHEAD.

 

[saveliberty]

We are losing $523 million in a bad stimulus outlay. VERY relevant with Mr. Obama wanting $477 billion in new money. 1,100 jobs lost in a bad idea for jobs growth. Another reason to look at this long and hard.

 

[saveliberty]

Can you look up blow job? Anything to get reelected and cheat us all AGAIN, country be damned. He's no Clinton, SHYTTEHEAD.

I think your Mom just called you. Yep, duffus its time to go home.