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Green Jobs & Stimulus; Future or Failure?
Tweet Topic Started: Aug 31 2011, 05:31 PM (235 Views)
Mr Gray Aug 31 2011, 05:31 PM Post #1
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This is extremely embarassing for this administration, and should serve as the mouthpiece for why government intervention is generally a bad idea (we are seeing the same thing with the Chevy Volt). Dreach and others...what's the answer...throw more cash at the industry?

A California solar panel manufacturer which President Obama had made the poster child of his effort to expand the green economy and grow jobs has filed for bankruptcy, the company announced today.

President Obama visited Solyndra in May 2010, heralding the company as “leading the way toward a brighter and more prosperous future.” He also cited it as a success story from the government’s $787 billion economic stimulus package.


In 2009, the Obama administration fast-tracked Solyndra’s loan application, later awarding it $535 million in guarantees from the stimulus funds.

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President Obama tours Solyndra plant in 2010
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The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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HoosierLars Aug 31 2011, 08:41 PM Post #2
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Just another Barry epic fail.
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chops1221 Aug 31 2011, 09:00 PM Post #3
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Solar still isn't economically viable without MASSIVE subsidies.

Nuclear and wind should have gotten most of that money, with some going to solar R&D at universities.
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HoosierLars Aug 31 2011, 09:15 PM Post #4
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chops1221
Aug 31 2011, 09:00 PM
Solar still isn't economically viable without MASSIVE subsidies.

Nuclear and wind should have gotten most of that money, with some going to solar R&D at universities.
:cheers:
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IUCOLTFAN Sep 5 2011, 05:20 PM Post #5
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http://bigjournalism.com/rb/2011/09/05/ezra-klein-defends-failed-solyndra-investment/


OWNED
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Mr Gray Sep 14 2011, 07:03 AM Post #6
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White House pressed on $500 million loan to solar company now under investigation

The FBI is investigating into this deal now, and I guess they took computers out of the homes of executives...etc, looking for information about political bribery. I'm surprised I haven't seen sirbrian reporting on this like he did on Haliburton.
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The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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IUCOLTFAN Sep 14 2011, 08:46 AM Post #7
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This definitely goes all the way to the top. The biggest private donor in the company was a big Obama backer. The regulators were balking on this investment, it sure is beginning to look like the WH pushed the loan thru despite being told how risky it was. Shameful.....

Very expensive green jobs photo-op the administration got from this deal. Agenda won out over sound economics......its scary to think about. The President would have to make his current salary for 1337.5 years to make the money his administration threw done a rat hole on this ONE deal....... how about that for some perspective. A person making 50,000/year would have to work 10,700 years to make the money that was squandered on this mess. Washington is totally disconnected from reality, imo.
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HoosierLars Sep 14 2011, 09:13 AM Post #8
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But, but, but they had good green intentions!
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Mr Gray Sep 14 2011, 09:43 AM Post #9
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I heard Stossell say it again last night, and as simple as it sounds, it's hard not to agree with him: "if it is a good idea, people want it, and it makes financial sense, the free market will find it" This is an example of the government trying to force market demand, and it failed.
Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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IUCOLTFAN Sep 14 2011, 03:32 PM Post #10
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Mr Gray
Sep 14 2011, 09:43 AM
I heard Stossell say it again last night, and as simple as it sounds, it's hard not to agree with him: "if it is a good idea, people want it, and it makes financial sense, the free market will find it" This is an example of the government trying to force market demand, and it failed.
It's always easier to gamble with someone elses money
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Mr Gray Sep 14 2011, 03:33 PM Post #11
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IUCOLTFAN
Sep 14 2011, 03:32 PM
Mr Gray
Sep 14 2011, 09:43 AM
I heard Stossell say it again last night, and as simple as it sounds, it's hard not to agree with him: "if it is a good idea, people want it, and it makes financial sense, the free market will find it" This is an example of the government trying to force market demand, and it failed.
It's always easier to gamble with someone elses money
yep, and even easier when the other person had no choice but to give you the money, and in this case, some of the money was borrowed from people who haven't even been born yet.
Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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IUCOLTFAN Sep 14 2011, 03:35 PM Post #12
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Mr Gray
Sep 14 2011, 03:33 PM
IUCOLTFAN
Sep 14 2011, 03:32 PM
Mr Gray
Sep 14 2011, 09:43 AM
I heard Stossell say it again last night, and as simple as it sounds, it's hard not to agree with him: "if it is a good idea, people want it, and it makes financial sense, the free market will find it" This is an example of the government trying to force market demand, and it failed.
It's always easier to gamble with someone elses money
yep, and even easier when the other person had no choice but to give you the money, and in this case, some of the money was borrowed from people who haven't even been born yet.
.....that won't speak english
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dreachon Sep 14 2011, 05:39 PM Post #13
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chops1221
Aug 31 2011, 09:00 PM
Solar still isn't economically viable without MASSIVE subsidies.

Nuclear and wind should have gotten most of that money, with some going to solar R&D at universities.
Agree. It seemed (on this board at least) we universally agreed that the nuclear program should expand (how much is where we differed I think).

Maybe the government should just start their own oil company. Then they'd rake in billions and solve the deficit problem real quick! :P
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Mr Gray Sep 14 2011, 05:41 PM Post #14
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dreachon
Sep 14 2011, 05:39 PM
chops1221
Aug 31 2011, 09:00 PM
Solar still isn't economically viable without MASSIVE subsidies.

Nuclear and wind should have gotten most of that money, with some going to solar R&D at universities.
Agree. It seemed (on this board at least) we universally agreed that the nuclear program should expand (how much is where we differed I think).

Maybe the government should just start their own oil company. Then they'd rake in billions and solve the deficit problem real quick! :P
that money shouldn't have went anywhere....if it is a good idea, free market capital will find it on it's own. I'm pretty sure that Henry Ford didn't need subsidies did he?
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The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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brumdog44 Sep 14 2011, 06:34 PM Post #15
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The guy picked last in gym class
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http://www.consortiumnews.com/2011/022411.html
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