What further proves the complete ineptitude of this administration is that they weren’t even smart enough to set the maturity dates on the loans until after the Presidential election (Nov 2012) or to have an automatic equity conversion. Loans have maturity dates. Companies that cannot find a greater fool to invest when their loans mature will result in bankruptcy. And that’s what’s happening with all their corrupt, politically motivated financing scams. All FReepers know that Turbo Tax Timmy and Obamao aren’t as smart as they’d like us to all think.
If the GOP doesn’t have an ad prepared for the fall which juxtaposes the failure of Solyndra and these other recipients of government handouts with Obama’s statement in the State of the Union speech, where he says “no more bailouts, no more handouts”, they are finished. This is a no-brainer. The fastball down the middle of the plate. The hanging curve ball. It is an issue which is simple to explain, simple to illustrate, and which Americans intuitively know is at the heart of the deficit crisis - big government recklessness, waste and cronyism. The election can be won on three issues: the debt, Obamacare, and securing the US-Mexico border. Keep it simple and pound these issues day and night and Obama will be another Jimmy Carter.