Stacey Abrams - Man - she’s like a bad dream - you just can’t clear your head of her. What possesses these people - they just absolutely WILL NOT just disappear into the woodwork and be gone from our lives...
I guess I missed the report of all the good that our money did at Solyndra. I was trying to think of that name earlier and it wouldn’t come to me. Was Biden in charge of that also like he was in charge of accounting for the billions in the stimulus package? I guess I’ve missed a lot!! They promise and promise, exit from the stage and that’s the last anyone ever hears about the PROJECT but NOT the politician that promised it would take care of all our problems. How great it would be if they disappeared right along with the money!!!
Solyndra wasnt a failure. It did exactly as planned: funnel millions of dollars to Obama cronies so they could kick-back money to the Dems. Obama didnt care one iota about green energy except as a political weapon.
Solyndra, the solar panel manufacturer who took more than $500 million from President Obamas stimulus then went bust, sticking taxpayers for the loss, lied to federal officials to secure the loan, the Energy Departments inspector general said in a report released Wednesday.
But the Obama administration goofed too, and may have cut corners in fully vetting the project because of political pressure from top Democrats and Solyndra itself, the investigators said in their report, which took four years to complete.
Most of the blame lies squarely on Solyndra, however. Investigators said company officials lied to the government and to independent market analysts and a credit-ratings agency, inflating the value of contract commitments in order to appear more financially promising.
Solyndra also claimed it could charge more than other solar panel manufacturers because its panels were less expensive to install, and built those higher prices into its plan. But it had knowingly oversold the premium it wouldNEle to charge by as much as 65 percent, the inspector general said, skewing all of its financial calculations.
At its core, Solyndra officials failed to make complete, accurate, and direct disclosures to the department of information that was relevant to the loan guarantee process, the investigators said. While the departments due diligence effort had shortcomings, it is our view that providing misleading answers to departmental inquiries and failing to openly disclose critical information violated the spirit and intent of the requirement for Solyndra to report material changes to its loan guarantee application to the department.
Solyndra became synonymous with government boondoggles during the early days of the Obama administration, when Mr. Obama was trying to manage the $800 billion stimulus package of tax cuts and new spending, designed to try to pull the economy out of a tailspin.
A large portion of the money was earmarked for the presidents favored areas, such as green energy projects, with the Energy Department pumping billions of dollars into its loan guarantee programs.
Those guarantees have been under scrutiny for years, and Solyndra, which went bankrupt in 2011, wasnt the only one to go bust. The inspector general has previously found the office overseeing the guarantees was woefully understaffed, likely contributing to questionable loans being approved.
https://m.washingtontimes.com/news/2015/aug/26/solyndra-misled-government-get-535-million-solar-p/
I can’t believe this utterly stupid girl child is being taken seriously. She is as bright as a ten watt incandescent bulb dipped in paint...or less.