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Old 10-09-2012, 01:44 PM  
3rd&48ers 3rd&48ers is offline
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Plant that got $150M in taxpayer money to make Volt batteries furloughs workers

Plant that got $150M in taxpayer money to make Volt batteries furloughs workers
President Obama touted it in 2010 as evidence "manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced

Read more: http://www.foxnews.com/us/2012/10/08...#ixzz28phQ2aNY
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Old 10-09-2012, 01:50 PM   #2
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Just once I'd like to see one of you do the following 2 things before posting these green energy stories.

a) Look at the overall success or failure rate of the program and compare that with predictions. (Hint: it's doing better than expected. The failure rate is something like 10%)

b) Look at green energy initiatives under past presidents, including George Bush. (Hint: there was about as much as Obama. You just didn't care then because the right-wing propaganda machine wasn't pumping every failure into your living rooms on a continuous loop)
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Old 10-09-2012, 01:56 PM   #3
3rd&48ers 3rd&48ers is offline
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1 Word for you

SOLYNDRA
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Old 10-09-2012, 01:58 PM   #4
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They'd had been better served just giving that green money to Big Bird
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Old 10-09-2012, 02:05 PM   #5
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A collateral Obama Motors / Volt / Bailoutmobile failure
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Old 10-09-2012, 06:19 PM   #6
suzzer99 suzzer99 is offline
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Quote:
Originally Posted by R8ers View Post
1 Word for you

SOLYNDRA
Yes Solyndra was a gigantic ****up. But I'm sure you're aware the loan was started under the GWB administration, and part of a whole bank of loans that has had less defaults than predicted, and has come in well within the acceptable range.

I know this doesn't matter to you though, because emotionally SOLYNDRA represents everything you hate about Obama and democrats - green energy and govt initiative.
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Old 10-09-2012, 06:22 PM   #7
3rd&48ers 3rd&48ers is offline
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Quote:
Originally Posted by suzzer99 View Post
Yes Solyndra was a gigantic ****up. But I'm sure you're aware the loan was started under the GWB administration, and part of a whole bank of loans that has had less defaults than predicted, and has come in well within the acceptable range.

I know this doesn't matter to you though, because emotionally SOLYNDRA represents everything you hate about Obama and democrats - green energy and govt initiative.
I know, it's all Bush's fault, heard it before
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Old 10-09-2012, 06:23 PM   #8
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Originally Posted by suzzer99 View Post
Yes Solyndra was a gigantic ****up. But I'm sure you're aware the loan was started under the GWB administration, and part of a whole bank of loans that has had less defaults than predicted, and has come in well within the acceptable range.

I know this doesn't matter to you though, because emotionally SOLYNDRA represents everything you hate about Obama and democrats - green energy and govt initiative.
Solyndra is Bush's fault! I knew it!
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Old 10-09-2012, 08:31 PM   #9
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Goddammit George!
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Old 10-09-2012, 09:05 PM   #10
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Quote:
Originally Posted by suzzer99 View Post
Yes Solyndra was a gigantic ****up. But I'm sure you're aware the loan was started under the GWB administration, and part of a whole bank of loans that has had less defaults than predicted, and has come in well within the acceptable range.

I know this doesn't matter to you though, because emotionally SOLYNDRA represents everything you hate about Obama and democrats - green energy and govt initiative.
The loan program was started under Bush but Solyndra's loan application was never approved by the Bush administration.




try again...
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Old 10-10-2012, 12:04 AM   #11
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Old 10-10-2012, 05:11 AM   #12
qabbaan qabbaan is offline
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Obama's Solyndra scandal reeks of the Chicago Way

Those of us from Chicago know exactly what the Solyndra scandal smells like. And It doesn't smell fresh and green.

September 18, 2011|John Kass



The Solyndra scandal cost at least a half-billion public dollars. It is plaguing President Barack Obama. And it's being billed as a Washington story.

But back in Obama's political hometown, those of us familiar with the Chicago Way can see something else in Solyndra — something that the Washington crowd calls "optics." In fact, it's not just a Washington saga — it has all the elements of a Chicago City Hall story, except with more zeros.

The FBI is investigating what happened with Solyndra, a solar panel company that got a $535 million government-backed loan with the help of the Obama White House over the objections of federal budget analysts.

Obama and Vice President Joe Biden got a nice photo op. They got to make speeches about being "green." But then Solyndra went bankrupt. Americans lost jobs. Taxpayers got stuck with the bill. And members of Congress are now in high dudgeon and making speeches.

Federal investigators want to know what role political fundraising played in the guarantee of the questionable loan. Washington bureaucrats warned the deal was lousy. And White House spokesmen flail desperately, like weakened victims in a cheesy vampire movie.

So forget optics. What about smell? It smells bad, and it's going to smell worse.

Or, did you really believe it when the White House mouthpieces — who are also Chicago City Hall mouthpieces — promised they were bringing a new kind of politics to Washington?

This is not a new kind of politics. It's the old kind. The Chicago kind.

And now the Tribune Washington Bureau has reported that the U.S. Department of Energy employee who helped monitor the Solyndra loan guarantee was one of Obama's top fundraisers.

Fundraising? Contracts? Imagine that.

Steve Spinner was the Obama administration official in charge of handing out billions and billions of tax dollars to "green" energy deals. According to the Tribune story, Spinner the other day invited Obama's national political finance committee to a meeting in Chicago.

The name of the Obama fundraising initiative?

"Technology for Obama."

The idea of the Obama fundraisers getting together, talking "green," and perhaps offering taxpayer loan guarantees to insider businesses in the interest of helping the environment — it all seems rather fresh.

Like a mountain meadow.

Until you realize it's the same old politics, the same kind practiced in Washington and Chicago and anywhere else where appetites are satisfied by politicians. When the government picks winners and losers, who's the loser? Just look in the mirror, hold that thought, and tell me later.

Republicans are hoping to hang this around Obama's political neck, and they're doing a good job of it now because his approval ratings are low and the jobless numbers are abysmal and the Democrats are in full killer-rabbit panic. But there have been Republican national scandals, too, and they're always ridiculously and depressingly similar.

At least in Illinois our scandals are quite ecumenical, with Republicans eager to help Democrats steal whatever they can grab.

In Solyndra, like any proper City Hall political scandal, there are similar archetypes.

There are the guys who count. The guys who bring the cash. They count because they do the counting. They have leverage. They're always there at the fundraisers. And so they're the ones who are allowed to gorge at the public trough.


The bureaucrats are the fulcrum so the guys with the leverage can lift great weight without too much effort. And while they might whine privately among themselves, they don't hold news conferences to blow the whistle.

They keep their mouths shut until the deal is done. If anyone gets caught and the problem becomes public, at least they've got email to cover their behinds. And they're doing a good job covering.

But there's one group that doesn't get their behinds covered.

Instead, their behinds are right out there, suspended foolishly, and waiting to get kicked.

We're the taxpayers — in Illinois we call ourselves chumbolones because we're the ones who stupidly end up covering all the losses. As in the Solyndra mess.

It's the Chicago Way, but instead of a paving or trucking contract, it's a "green" solar panel contract. The company received a $535 million loan.

"The optics of a Solyndra default will be bad," according to a Jan. 31 email from an Office of Management and Budget staffer printed in the Washington Post. "If Solyndra defaults down the road, the optics will arguably be worse later than they would be today. … In addition, the timing will likely coincide with the 2012 campaign season heating up."

I love the use of "optics." It's one of those bloodless words finding favor these days.

"Optics" suggests bureaucrats might think in terms of symbolism, political hieroglyphs, in grand vistas, rather than in hard numbers, like the $535,000,000 that went poof.

But it's not their money, is it? It's ours.

So this is not about Washington optics after all. The Solyndra scandal is about the Washington smell of things.

Those of us from Chicago know exactly what it smells like. And It doesn't smell fresh and green.

jskass@tribune.com
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Old 10-10-2012, 06:48 AM   #13
banyon banyon is offline
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Quote:
Originally Posted by headsnap View Post
The loan program was started under Bush but Solyndra's loan application was never approved by the Bush administration.




try again...
OMG, Bush started a program (presumably in a Bill from Congress) that offered loans and Obama continued it (presumably because there wasn't a repeal of the bill from Congress), applying the same standards and one of the companies out of how many went belly up? Obama is truly teh debbil.
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Old 10-10-2012, 06:56 AM   #14
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Quote:
Originally Posted by banyon View Post
OMG, Bush started a program (presumably in a Bill from Congress) that offered loans and Obama continued it (presumably because there wasn't a repeal of the bill from Congress), applying the same standards and one of the companies out of how many went belly up? Obama is truly teh debbil.
weak...

A loan program is started under the Bush administration, Solyndra applied for it TWICE and was turned down both times while Bush was in power. The Obama admin comes in and approves the loan... Now the left wants to blame Bush!!!


that's rich....
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Old 10-10-2012, 07:05 AM   #15
3rd&48ers 3rd&48ers is offline
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Remember , the last 2 years of the Bush term was controlled by a Democrat House and Senate
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