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Thread: Investigators Probe White House Role in Massive Energy Loan

  1. #61
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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by 1Perry View Post
    WASHINGTON The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors including a fundraiser for President Barack Obama moved ahead of taxpayers for repayment in case of a default, government records show.

    <-In late 2007, Solyndra was one of 16 clean-tech companies deemed eligible for $4 billion worth of loan guarantees from the U.S. Department of Energy. Tesla Motors, the Silicon Valley electric carmaker, and Oakland's BrightSource Energy, a builder of solar-thermal plants, also made that list.>

    Fremont's Solyndra Goes From Stealth to Solar Star-- Page:1



    http://www.mercurynews.com/business/...nclick_check=1
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by donc View Post
    The only thing i have seen is his opinion on a timeline,the trouble i have with "his opinion" is it conflicts with a link i supplied that says the following.

    <-In late 2007, Solyndra was one of 16 clean-tech companies deemed eligible for $4 billion worth of loan guarantees from the U.S. Department of Energy. Tesla Motors, the Silicon Valley electric carmaker, and Oakland's BrightSource Energy, a builder of solar-thermal plants, also made that list.>

    note the bolded parts.
    The government 'deemed them eligible', as though giving these people billions of dollars of public moneywas all very normal and usual.. And, sad to say for the American people, it has become the norm.

    The responses to this huge waste is also what we have come to expect. It's the fault of George Bush and, besides, everyone else gets government money and wastes it also. They all do it!

    Where's the outrage??

    There is none, and that's why America is failing and will continue to fail..

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by teamosil View Post
    That just says that the investors in the company get paid out before the government gets paid back on its loan. Not sure why you think that is scandalous. Loans have different terms about that stuff. For a loan designed to kick off a company and trigger investors to invest in it would seem to make sense to give the investors more security.

    That one of the investors is a fundraiser for Obama obviously doesn't matter. There are probably 1000s of investors.
    It matters.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    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.


    Barack Obama's Solyndra scandal smells like it came from Chicago's City Hall - chicagotribune.com

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by Grant View Post
    The government 'deemed them eligible', as though giving these people billions of dollars of public moneywas all very normal and usual.. And, sad to say for the American people, it has become the norm.

    The responses to this huge waste is also what we have come to expect. It's the fault of George Bush and, besides, everyone else gets government money and wastes it also. They all do it!

    Where's the outrage??

    There is none, and that's why America is failing and will continue to fail..
    I was responding to the OP,s assertion that somehow this could be a cog in Obamas election campaign, not to Corp. giveaways, such as Solyndra, or the $20 billion flow of subsidies for the oil industry in place.they all suck.

    Might as well add the local give give aways to Wal-Marts into the subsidy suck file too.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by 1Perry View Post
    It matters.
    How so? Presumably just about every company in the world has at least one Obama fundraiser that owns stock in it and a McCain fundraiser and presumably a fundraiser for most politicians. That's just spin.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by donc View Post
    I was responding to the OP,s assertion that somehow this could be a cog in Obamas election campaign, not to Corp. giveaways, such as Solyndra, or the $20 billion flow of subsidies for the oil industry in place.they all suck.

    Might as well add the local give give aways to Wal-Marts into the subsidy suck file too.
    Sure, they do all suck but until the American people rebel against all of it, and not just when the other guy does it, there'll never be a recovery. Graft and corruption should never be rationalized, no matter how strongly you might support one political party over another.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by teamosil View Post
    How so? Presumably just about every company in the world has at least one Obama fundraiser that owns stock in it and a McCain fundraiser and presumably a fundraiser for most politicians. That's just spin.
    Not that was gave a half billion dollars despite numerous warnings and blew it.

  9. #69
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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by teamosil View Post
    How so? Presumably just about every company in the world has at least one Obama fundraiser that owns stock in it and a McCain fundraiser and presumably a fundraiser for most politicians. That's just spin.
    It's nice to see a liberal that must also agree with oil subsidies, corporate welfare of all types, and no bid contracts as well. You can't make excuses for this, and disagree with any of the others without being a hypocrite

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by 1Perry View Post
    WASHINGTON The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors [...] moved ahead of taxpayers for repayment in case of a default, government records show.
    That could be an issue.

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