Skip to comments.Solyndra --- Symbol of Failure --- new Romney Ad
Posted on 06/01/2012 11:42:04 AM PDT by Ernest_at_the_Beach
Published on Jun 1, 2012 by mittromney
Two years ago, President Obama went to Solyndra and touted it as an example of his initiative to create jobs. Today, the company is bankrupt and the building stands empty as a symbol of the failure of President Obama's
(Excerpt) Read more at youtube.com ...
We all know about Solyndra. It’s old news. A better ad would have been a faster paced piece showing that there were dozens like it, with corruption as the central thesis. That gets the voter to understand and accept the darker side of Zero.
It’s a short drive over to Facebook headquarters from here.
More than a few key Dems have abandoned Obama and now profess their loyalties to economic freedoms and the pursuit thereof instead of the destruction thereof.
Romney is looking like he is going to run a great campaign.
So if Obama only understood a little more about business (could have made good investments like Bain?) the stimulus would have worked?
Romney’s Keynesian economics are showing again.
Great idea! Hopefully his peeps are reading FR
Make 2012 bigger than 2010.
We are off to a great start by getting rid of the RINO Luger.
Barack Hussein Obama...um um um
The Sultan of Solyndra
The Guru of Global Warming
The Potentate of Polar Bears
The King of Keystone
He’s Barky the First, don’t cha know?
Have him stand outside closed east coast refineries, closed coal mines, and have him interview gulf coast oil workers who lost their jobs when Obama’s moratorium forced oil platforms to leave for foreign shores.
IOW, if you are Democrat, a rousing success.
I found my “rebuttal” when helping my daughter with her homework - she was to read and comment on a paper by one of Obama’s economic advisors (a Dr. Romer).
Dr. Romer says that spending more money and going into more debt (fiscal expansion) will avoid a Depression. The 2004 study by UCLA shows that to be in error. It is like saying that one is better off because one has a big fancy house and drives fancy cars. But when one owes more to the bank than they earn they are NOT better off. (Remember, the U.S. debt is 101.5% of what we earn and growing).
Dr. Romer says that monetary expansion can help. Monetary Expansion is an increase in the amount of money available. It lowers the interest rate, and with a lower interest rate is hoped that people and companies will borrow more money in order to expand their businesses, buy bigger homes, buy new things, etc. which will help the economy. However, with uncertainty in the economy, people and business are probably not going to spend more anyway as they are fearful of what the government will do next (higher taxes, more regulations, etc.). Most of the uncertainty is caused by the government. The interest rates are already very low, and I dont think that lower rates will help. Other than to make the dollar worth less.
Dr. Romer says that the stimulus packages should not end too quickly and they need to continue. The stimulus funds go to certain companies or technologies based on furthering government policies at the time. It is an artificial stimulus. REAL stimulus is when people want something and want to buy it. Imaginary stimulus is when the government decides what the people should buy. Solar energy is an example. Lots of stimulus money into solar energy companies as the government pushed clean energy on the people. As of February 2012 here is a list of clean energy firms that received stimulus funds and are now failing or have filed for bankruptcy. (from Fox News):
Solyndra (received $535 million)
Beacon Power (received $43 million)
AES subsidiary Eastern Energy
Nevada Geothermal (received $98.5 million)
SunPower (received $1.5 billion)
First Solar (received $1.46 billion)
Babcock & Brown (an Australian company which received $178 million)
Ener1 (subsidiary EnerDel received $118.5 million)
Amonix (received 5.9 million)
The National Renewable Energy Lab
Abound Solar (received $400 million)
Chevy Volt (taxpayers basically own GM)
Solar Trust of America
A123 Systems (received $279 million)
Willard & Kelsey Solar Group (received $6 million)
Yes, the Great Depression did end. She mentioned the setback of 1937. In 1938 enough Republicans were elected to fight some of FDRs policies, and started the road back to prosperity. Less government manipulation got more companies interested in starting or expanding. But the Great Depression did not end because of the policies that FDR, or Dr. Romer, or President Obama promote.
- OBAMA'S GREEN JOBS -
swimming pool company janitor