The word "Solyndra" will never be uttered by a Republican again

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The word "Solyndra" will never be uttered by a Republican again
Posted by italianstallion on Thu Nov 13 16:49:10 2014 fiogf49gjkf0d Remember Solyndra? Those loans are making money Lost in the hubbub following President Obama's climate agreement with China was a smaller bit of surprising environmental news Wednesday: the Department of Energy's loan program is expected to make money for taxpayers. Most people are familiar with the program because of Solyndra, a solar-panel manufacturer that went bankrupt in 2011 after borrowing $528 million from the federal government. Solyndra was one of a few bad bets the feds made -- Fisker Automotive, which built electric cars, went under last year. You can't avoid defaults when you lend money, though, and on balance, the loans are being repaid. A report released in the next several days will give the department's first estimates of how the program is performing financially: the loans and guarantees will earn at least $5 billion over 20 years or so, according to a Bloomberg article citing a single anonymous source. It is hard to know what kind of rate of return that number represents without more exact figures, and it's also important to note that the report contains projections based on the history of the program so far. The companies the government has backed could do worse than predicted. Then again, they might do even better. In any case, the report won't end the debate over Solyndra. Conservatives are likely to argue that even if the program is earning money for taxpayers, the government should have lowered taxes and let citizens invest the money themselves. Some conservatives might even suggest a tax on carbon dioxide would be a more straightforward way of encouraging research into clean energy. In short, you can still take issue with the whole idea of the loans if you like, but you can't claim that the program has been mismanaged or call it a failure or a boondoggle anymore.
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Re: The word ''Solyndra'' will never be uttered by a Republican again
Posted by Fred G* on Thu Nov 13 19:48:12 2014, in response to The word "Solyndra" will never be uttered by a Republican again, posted by italianstallion on Thu Nov 13 16:49:10 2014.* fiogf49gjkf0d Aww, another talking point bites the dust 😁 Your pal, Fred
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Re: The word ''Solyndra'' will never be uttered by a Republican again
Posted by 3-9* on Thu Nov 13 19:56:45 2014, in response to Re: The word ''Solyndra'' will never be uttered by a Republican again, posted by Fred G on Thu Nov 13 19:48:12 2014.* fiogf49gjkf0d And yet another talking point that's just a couple of weeks too late.
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Re: The word ''Solyndra'' will never be uttered by a Republican again
Posted by Fred G* on Thu Nov 13 20:53:33 2014, in response to Re: The word ''Solyndra'' will never be uttered by a Republican again, posted by 3-9 on Thu Nov 13 19:56:45 2014.* fiogf49gjkf0d Those FOX issues keep fizzling. Your pal, Fred
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Re: The word ''Solyndra'' will never be uttered by a Republican again
Posted by 3-9* on Thu Nov 13 21:03:52 2014, in response to Re: The word ''Solyndra'' will never be uttered by a Republican again, posted by Fred G on Thu Nov 13 20:53:33 2014.* fiogf49gjkf0d Doesn't matter, as long as the people believe them.
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Re: The word ''Solyndra'' will never be uttered by a Republican again
Posted by italianstallion* on Thu Nov 13 21:08:46 2014, in response to The word "Solyndra" will never be uttered by a Republican again, posted by italianstallion on Thu Nov 13 16:49:10 2014.* fiogf49gjkf0d Proving the point of my headline, not one of our resident righties has responded,
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Re: The word ''Solyndra'' will never be uttered by a Republican again?
Posted by Olog-hai* on Thu Nov 13 21:46:32 2014, in response to The word "Solyndra" will never be uttered by a Republican again, posted by italianstallion on Thu Nov 13 16:49:10 2014.* fiogf49gjkf0d the loans and guarantees will earn at least $5 billion over 20 years or so, according to a Bloomberg article citing a single anonymous source LOL! That's hilarious.
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Re: The word ''Solyndra'' will never be uttered by a Republican again?
Posted by Train Dude* on Fri Nov 14 00:44:44 2014, in response to Re: The word ''Solyndra'' will never be uttered by a Republican again?, posted by Olog-hai on Thu Nov 13 21:46:32 2014.* fiogf49gjkf0d you are interrupting another liberal circle jerk.
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Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by Olog-hai* on Thu Aug 27 13:11:45 2015, in response to The word "Solyndra" will never be uttered by a Republican again, posted by italianstallion on Thu Nov 13 16:49:10 2014.* fiogf49gjkf0d Associated Press Report: Solyndra misrepresented facts to get loan guarantee By Kevin Freking Aug. 26, 2015 1:11 PM ET A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the federal government. The company's collapse soon after getting federal backing provided ammunition to lawmakers and other critics who portrayed it as wasteful government spending. The company's failure likely will cost taxpayers more than $500 million. The report by the Energy Department's inspector general was released Wednesday. It's designed to provide federal officials with lessons learned as it proceeds to grant billions of dollars in additional loan guarantees. The inspector general found fault with the Energy Department, describing its due diligence work as "less than fully effective." The report also said department employees felt tremendous pressure to process loan guarantee applications. In the end, however, the inspector general said the actions of the Solyndra officials "were at the heart of this matter." "In our view, the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the department," the IG's report said. A federal loan guarantee program for energy projects was established in 2005 during President George W. Bush's administration. Four years later, the Democratic-led Congress passed an economic stimulus bill that substantially expanded the program. In the ensuing two years, the department disbursed more than $500 million to Solyndra, but in September 2011, the company laid off 1,100 employees, ceased operations and filed for bankruptcy protection. The IG's report did not provide any response to its findings from a Solyndra representative. It notes that federal prosecutors and the Federal Bureau of Investigation also participated in the interviewing of witnesses and the examination of hundreds of thousands of documents. In early 2015, the report says the Department of Justice informed the inspector general's office that it would not pursue criminal prosecution of any Solyndra officials. Requests for comment from two law firms representing the Solyndra trust in separate legal proceedings were not immediately returned.
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by AlM* on Thu Aug 27 13:35:40 2015, in response to Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by Olog-hai on Thu Aug 27 13:11:45 2015.* fiogf49gjkf0d What do you know? It wasn't crony capitalism as practiced by the White House? It was simple fraud. (Yes, I see the Energy Department was under pressure to process applications, and that is inappropriate too.)
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by R2ChinaTown* on Thu Aug 27 13:58:49 2015, in response to Re: Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by AlM on Thu Aug 27 13:35:40 2015.* fiogf49gjkf0d The DoJ declined to prosecute Solyndra to the benefit of some of Obama's biggest contributors despite anple facts that would warrant the prosecution.
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by bingbong* on Thu Aug 27 14:01:22 2015, in response to Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by Olog-hai on Thu Aug 27 13:11:45 2015.* fiogf49gjkf0d federal loan guarantee program for energy projects was established in 2005 during President George W. Bush's administration
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by bingbong* on Thu Aug 27 14:01:42 2015, in response to Re: Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by bingbong on Thu Aug 27 14:01:22 2015.* fiogf49gjkf0d That was too easy.
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by Olog-hai on Thu Aug 27 15:27:53 2015, in response to Re: Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by R2ChinaTown on Thu Aug 27 13:58:49 2015. fiogf49gjkf0d The company's failure likely will cost taxpayers more than $500 million … Never mind this fact going against the Bloomberg "anonymous source" liar who claimed that the loans are "making money".
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by R2ChinaTown* on Thu Aug 27 15:30:41 2015, in response to Re: Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by AlM on Thu Aug 27 13:35:40 2015.* fiogf49gjkf0d The DoJ declined to prosecute Solyndra to the benefit of some of Obama's biggest contributors despite anple facts that would warrant the prosecution.
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by Dave* on Thu Aug 27 15:34:01 2015, in response to Re: Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by bingbong on Thu Aug 27 14:01:22 2015.* fiogf49gjkf0d So what? The problem isn't with the program, it's with Obama's buddies who lied on the application.
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Re: Solyndra misrepresented facts to get $535 million federal loan guarantee
Posted by Olog-hai* on Thu Aug 27 15:35:14 2015, in response to Re: Solyndra misrepresented facts to get $535 million federal loan guarantee, posted by Dave on Thu Aug 27 15:34:01 2015.* fiogf49gjkf0d The program was expanded greatly by the Democratic Congress.
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