Solyndra- Obama's new nightmare.

[edthecynic]

This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.

But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!

 

[boedicca]

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.

Provide some evidence that the DOE ran this by the oversight committee prior to approving the refi in February 2011.

 

[Zander]

I heard on the radio that it cost this company $6 to make the product yet they sold it for $3!!! Only a liberal could like that business model!

But the product is so PRETTY!!!

 

[boedicca]

The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.

Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.

Link?

 

[boedicca]

This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.

But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!

Oh NOEESSS!!11!!!!!!!

The EVUL GOP did not prevent COMPETITION!

 

[Warrior102]

Who was the braindead ******* idiot who approved all this money for a ******* "Solar" company?

 

[Warrior102]

The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.

Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.

Link?

I am sure he'll pull one out of his ass shortly.

 

[edthecynic]

The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.

Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.

Link?

I already posted the link in this thread. Why didn't you ask oldstyle to post a link showing the BUSH administration said no to the loan the BUSH administration requested approval on?

Bush admin pushed Solyndra loan guarantee for two years | Grist

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 just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.

 

[B. Kidd]

This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.

A sterling example of Obie's version of American economic prosperity.

 

[boedicca]

The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.

Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.

Link?

I already posted the link in this thread. Why didn't you ask oldstyle to post a link showing the BUSH administration said no to the loan the BUSH administration requested approval on?

Bush admin pushed Solyndra loan guarantee for two years | Grist

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 just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.

Absolute Spin Cycle Nonsense.

Bush left office with the loan UNAPPROVED. It wasn't until the summer of 2009 that that the Obama Administration DISREGARDED negative assessment by a DOE analyst and proceeded with the loan anyway.

 

[B. Kidd]

The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.

Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.

Link?

I already posted the link in this thread. Why didn't you ask oldstyle to post a link showing the BUSH administration said no to the loan the BUSH administration requested approval on?

Bush admin pushed Solyndra loan guarantee for two years | Grist

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 just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.

Looks like the normal process took place. Who was in office when it was awarded?

 

[edthecynic]

This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.

But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!

Oh NOEESSS!!11!!!!!!!

The EVUL GOP did not prevent COMPETITION!

No, the GOP DID prevent competition by not SUPPORTING American competition against China!!!
Dang, CON$ are always ass backwards.

 

[boedicca]

Jeebus, you are a blithering idiot.

 

[Zander]

This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.

But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!

With all due respect, you don't know what you are talking about. The Solyndra products were never competitive with standard PV modules or even thin film PV - whether manufactured in the US or in China. They were the industrial equivalents of Narcissus, staring at their reflections and seeing only a beautiful product. Never once considering the economic realities that were involved. The price of installed Solar is essentially the same now as it was 2 years ago when the nincompoops approved the loans. I have personally installed and sold Industrial PV systems for the past 5 years. My Company has priced out the Solyndra system numerous times and they are always 30-40% higher installed cost to the customer than other systems. Uni-solar is manufactured in Michigan and is a thin film PV- it costs 25% less that the price of Solyndra- and that's after Solyndra discounted their price to less than cost. Sell crazy somewhere else.....

 

[Warrior102]

Who was the ******* knucklehead moron who authorized a bail out of a ******* Solar company ?

 

[Jarhead]

except it wasn't only Kaiser who the GOP, who had taken over the oversight committees in 2011, moved ahead of the taxpayers. The Walton family through their Madrone Capital Partners investment firm were part of the same deal. The Waltons contribute MILLIONS to the GOP.

Are you trying to say that it was the GOP that did this? Sorry, Ed but you've lost me with that one. The Bush Administration looked at Solyndra...didn't like the numbers and wouldn't give them a loan guarantee. That was happening two weeks before Obama took office. It was Obama that made Solyndra his "poster child" for green energy jobs. Kaiser was wearing out a path into the White House to see Obama's people not Bush's. Bush's people had already said no...which is what Obama's people SHOULD have done. Unfortunately for us...anything with "Green" in front of it is irresistible to Barry.

That is pure BULLSHIT!

The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.

Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.

yo...back then it may have looked like a good investment....
But things changed and it started to look like the Chinese had the jump.

Man....you guys are funny.....If Obama farts you will blame Bush Beans.

 

[boedicca]

This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.

But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!

With all due respect, you don't know what you are talking about. The Solyndra products were never competitive with standard PV modules or even thin film PV - whether manufactured in the US or in China. They were the industrial equivalents of Narcissus, staring at their reflections and seeing only a beautiful product. Never once considering the economic realities that were involved. The price of installed Solar is essentially the same now as it was 2 years ago when the nincompoops approved the loans. I have personally installed and sold Industrial PV systems for the past 5 years. My Company has priced out the Solyndra system numerous times and they are always 30-40% higher installed cost to the customer than other systems. Uni-solar is manufactured in Michigan and is a thin film PV- it costs 25% less that the price of Solyndra- and that's after Solyndra discounted their price to less than cost. Sell crazy somewhere else.....

I'd love to have a look at the A/P records at Solyndra. It's highly like a great deal of money was funneled out of the company by overpaying "friends and relatives" as vendors.

 

[Warrior102]

That's Edthedipshit on the left - I'm on the right....

 

[Wiseacre]

Seems like every time Obama shows up at a "Green" factory somewhere, they go bellyup. The man is the kiss of death. Do these guys ever verify anything? They had DOE guys in at the board meetings, had to know a shitstorm was coming. And what's with the FBI investigation?

A half a billion bucks up in smoke. How much of that are we on the hook for? I can't decide whether we have a bunch of crooks or just idiots involved in this mess on the gov't side. Maybe I should start a poll:

A. Crooks
B. Idiots
C. Both

 

[edjax1952]

Another social/economic engineering failure by the federal government. Please refer to my signature.