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Solyndra saga is here to stay for House GOP
The Hill ^ | September 25, 2011 | Andrew Restuccia

Posted on 09/25/2011 2:08:26 PM PDT by jazusamo

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Solyndra could be just the tip of the iceberg on these guaranteed loan losses.
1 posted on 09/25/2011 2:08:27 PM PDT by jazusamo
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To: jazusamo
House Republicans made it crystal clear this week that they’re not going to let the ongoing saga surrounding the bankruptcy of an Obama administration-backed solar firm fade away.

Yeah, we've seen y'all cave to this administration before. Heck, there shouldn't have been this administration if you had vetted the usurper.

2 posted on 09/25/2011 2:14:09 PM PDT by bgill (There, happy now?)
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To: steelyourfaith

Ping!


3 posted on 09/25/2011 2:15:34 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo; Tunehead54; golux; tubebender; Fractal Trader; Genesis defender; 4horses+amule; ...
Thanx for the ping jazusamo !

 


Beam me to Planet Gore !

4 posted on 09/25/2011 2:18:40 PM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: jazusamo

A very crucial point is being missed here. Solyndra’s auditors had issued a “going concern opinion” which should have brought everything to a screeching halt. A going concern letter is the kiss of death in business as it basically says that the company will not survive. No bank in its right mind would lend to a company in this condition.

When the IPO was withdrawn, the Feds still did nothing. The icing on the cake is that a major Democratic fund raiser was given a sweetheart deal to get his money out before the taxpayers. This whole affair could not provide a better lesson as to why government should not try to pick winners and losers.


5 posted on 09/25/2011 2:19:44 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: jazusamo

The existence of China lays waste to the myth that green jobs are the future for America. They are for China, not for the US. Solyndra is a perfect example. We innovate here. They build there. For the same reason that manufacturing is a dying employment sector here,permanent green jobs in solar and wind which are manufacturing intensive will not take root here.The innovative Solyndra can testify to that. Once the technology is developed here, the permanent manufacturing jobs will wind up in China. In all fairness China. as its primary beneficiary, should be funding Obama’s green jobs stimulus fantasy, not the US taxpayer.


6 posted on 09/25/2011 2:20:03 PM PDT by chuckee
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To: All
Here's a list of some energy loans at DOE site.
7 posted on 09/25/2011 2:20:27 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

between this and gun walker, we definitely have them on defense and off balance and that’s no way to win a fight.


8 posted on 09/25/2011 2:20:32 PM PDT by RC one (Voting isn't a simple act of civic duty anymore, it's a complex act of civil war.)
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To: Drango

Thanks for your post, good info!


9 posted on 09/25/2011 2:22:23 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: RC one
Between this and gun walker there should be a lot of people prosecuted and jailed but with Zer0 in the WH and his flunky Holder at DOJ it won't happen.
10 posted on 09/25/2011 2:28:40 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo
There is going to be a constant flow of details on the corrupt dealings the Democrats had in the 2 years they were in absolute power.

We will see many more defaults on big loans made to Obama cronies who scammed the taxpayers. There have already been quite a few that have already happened that have not hit the news. There will be more.

We will see a lot more stolen/wasted stimulus grants and money like the one in the Pacific Northwest where “community organizers” at ACORN affiliates took millions of dollars for “Green Weatherization Retrofits” and only finished a hand full of completed projects to the tune of $500,000 or so per job.

The finished work on many of these few completed projects will be found to be shoddy, defective, and in some cases dangerous and destructive to the homes.

Fast and Furious is going to really be a big issue with over 400 Mexican nationals, about 4 confirmed US nationals including LEOs (and no one has really been looking until the last few weeks so there could be many more) and murdered SO FAR with F&F weapons and less than 10% accounted for. F&F was a joint effort between the Dept of Justice, DHS, Dept of State, Dept of Interior, and who knows who else. This means it goes straight to the President because he is the only one who coordinates entire Executive Branch Departments

The true cost and damage of the Obama Care legislation is starting hitting home and it will soon be clear just how big a disaster it's going to be.

The consequences of Obama’s “Leading from Behind” and “Aggressive Diplomacy” are going to hit home as the violence and chaos begins around the world. Much of the gains in Iraq and the rest of the Middle East are going to erased as Radical Islam takes power and the Palestinians drive the region to war

Americans will find they voted for change they will come to regret

11 posted on 09/25/2011 2:32:08 PM PDT by rdcbn
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To: rdcbn

Well said and sadly probably all too true.


12 posted on 09/25/2011 2:35:39 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

that’s why I’ve been saying that even if Obama wins the whitehouse in 2012, he still loses because he will be up against a heartless GOP house and senate (I’m confident that we’re gonna take the senate). So he’ll be extremely unprotected and vulnerable at that point. That has to be in the back of his mind.


13 posted on 09/25/2011 2:36:53 PM PDT by RC one (Voting isn't a simple act of civic duty anymore, it's a complex act of civil war.)
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To: jazusamo

SOLARGATE


14 posted on 09/25/2011 2:59:05 PM PDT by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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To: jazusamo
Has anyone looked into Elon Musk? His SpaceX benefited from Obama canceling the next generation of spaceflight in NASA. His Tesla has received millions. And from the list in the previous post, I see his SolarCity has received over 200 million, too. Not bad for a few hundred thousand in Dem donations.
15 posted on 09/25/2011 3:06:22 PM PDT by originalbuckeye
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To: RC one
(I’m confident that we’re gonna take the senate)

If we take the Senate, then we'll take the White House as well. All the GOP needs to do is win Florida, North Carolina, Virginia, Ohio, Indiana, New Hampshire, and all of Nebraska. Five of those seven states also have Senate races, and four of the five are currently held by Democrats. Defeat Jim Webb, Sherrod Brown, Bill Nelson, and Ben Nelson, and Obama goes down in defeat as well.

16 posted on 09/25/2011 3:09:08 PM PDT by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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To: bgill

Congress controlled by Democrats and if I remember correctly Nancy P jumped the shark and signed off on him before it could be done correctly


17 posted on 09/25/2011 3:12:33 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: originalbuckeye

I don’t know a thing about Musk but the link I posted at #7 shows Solar City getting $344 Mil and Tesla getting $465 Mil.


18 posted on 09/25/2011 3:24:35 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: Drango

“The icing on did nothing. The icing on the cake is that a major the cake is that a major Democratic fund raiser was given a sweetheart deal to get his money out before the taxpayers. This whole affair could not provide a better lesson as to why government should not try to pick winners and losers.”

This is the part that gets me. Losing the money is one thing but this is criminal.


19 posted on 09/25/2011 3:43:39 PM PDT by Lurkina.n.Learnin (The democratic party is the greatest cargo cult in history.)
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To: Drango

“The icing on did nothing. The icing on the cake is that a major the cake is that a major Democratic fund raiser was given a sweetheart deal to get his money out before the taxpayers. This whole affair could not provide a better lesson as to why government should not try to pick winners and losers.”

This is the part that gets me. Losing the money is one thing but this is criminal.


20 posted on 09/25/2011 3:44:00 PM PDT by Lurkina.n.Learnin (The democratic party is the greatest cargo cult in history.)
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