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Thread: Investigators Probe White House Role in Massive Energy Loan

  1. #81
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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by teamosil View Post
    LOL. You can't seriously believe that... That's mostly what the news reports- hype.
    If it's nothing you shoudn't feel any need to try and defend or explain it.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    [QUOTE]
    Quote Originally Posted by Karl View Post
    It could be argued that the point of the war itself was to make money for Halliburton, or at least a prime reason.
    And it could be argued that sun could rise in the west tomorrow morning, but we know that this would be the ravings of a loon. Leftists will fire charges in every direction, hoping some of them might stick, but the more rational folk should realize the source and recognize these charges for what they are.

    Alternative reasons for the war would be oil profiteering, again by companies like Halliburton (had the war gone the way that the neo-cons originally intended and we now had a puppet govt in Iraq with Exxon and Halliburton controlling the oil fields).
    So the war didn't go as intended? Did Barrack Obama make sure of that?
    So... I'd suggest a different tack, since I doubt Obama invented solar power just to line the pockets of some monied supporter.
    With Al Gore inventing the Internet and Barrack Obama inventing solar power, it seems the Democrats are really are on a roll. In fact 'inventing' appears to be their strongest suit.

  3. #83
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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by 1Perry View Post
    If it's nothing you shoudn't feel any need to try and defend or explain it.
    You're playing silly games.

    You're a giraffe
    No I'm not
    Then why are you denying it?

    It's just weird koolaide drinker thinking. You assume the only reason somebody would deny something is because it is true, when obviously that is not a logical conclusion.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by Grant View Post
    Quote Originally Posted by Karl View Post
    It could be argued that the point of the war itself was to make money for Halliburton, or at least a prime reason. [...]
    And it could be argued that sun could rise in the west tomorrow morning, but we know that this would be the ravings of a loon. [...]
    Indeed it would. But are you insinuating that Gen. Dwight D. Eisenhower is a loon?

    On January 17, 1961, Eisenhower gave his final televised Address to the Nation from the Oval Office.[80] In his farewell speech to the nation, Eisenhower raised the issue of the Cold War and role of the U.S. armed forces. He described the Cold War saying: "We face a hostile ideology global in scope, atheistic in character, ruthless in purpose and insidious in method..." and warned about what he saw as unjustified government spending proposals and continued with a warning that "...we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military–industrial complex." Though he said that "we recognize the imperative need for this development", he cautioned that "...the potential for the disastrous rise of misplaced power exists and will persist... Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."

    Dwight D. Eisenhower - Wikipedia, the free encyclopedia

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by Karl View Post
    Indeed it would. But are you insinuating that Gen. Dwight D. Eisenhower is a loon?
    Eisenhower said the war was to make money for Haliburton? You have communicated with him on this issue?

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by teamosil View Post
    You're playing silly games.

    You're a giraffe
    No I'm not
    Then why are you denying it?

    It's just weird koolaide drinker thinking. You assume the only reason somebody would deny something is because it is true, when obviously that is not a logical conclusion.
    And you are denying the obvious.

    Two months before Obama’s visit, accounting firm PricewaterhouseCoopers LLP warned that Solyndra, the recipient of $535 million in federal loan guarantees, had financial troubles deep enough to “raise substantial doubt about its ability to continue as a going concern.”

    The Obama administration stood by Solyndra through the auditor’s warning, the abandonment of a planned initial public offering and a last-ditch refinancing where taxpayers took a back seat to new investors. That unwavering commitment has come under increasing scrutiny since the company’s travails culminated in its filing for bankruptcy protection on Sept. 6 and a raid on its headquarters by the Federal Bureau of Investigation….
    Obama Team Backed $535 Million Solyndra Aid as Auditor Warned on Finances - Bloomberg

    and...

    In addition, as Andrew Stiles relates, OMB had figured out that there was no economic sense in restructuring: Solyndra was heading for bankruptcy anyway, and an immediate liquidation would net the government a better deal — about $170 million better. The case for leaving things where they stood was so palpable that OMB openly feared “questions will be asked” if DOE proceeded with an unjustifiable restructuring. So, with numbing predictability, the Obama administration proceeded with an unjustifiable restructuring. In exchange for lending some of their own money and thus buying more time, Solyndra officials were given priority over taxpayers with respect to the first $75 million in the event of a bankruptcy — the event all the insiders and government officials could see coming from the start, and that hit the rest of us like a $535 [m]illion thunderbolt last week.
    The Solyndra Fraud - Andrew C. McCarthy - National Review Online

    and....

    “Solyndra’s downfall puts a spotlight on the kind of taxpayer-funded cronyism this White House said it would eliminate. After bundling tens of thousands of dollars for President Obama and his campaign, company officials were granted at least 20 visits to the White House and had Energy Department officials sitting in on company board meetings,” said Priebus last week.
    Read more: Smith asks DOJ to probe Solyndra - Tim Mak - POLITICO.com

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by Gill View Post
    And you are denying the obvious.
    Huh? That's just a bunch of links explaining that they were high risk. That isn't a scandal or something. That's the point of government backed loans- to try to prop up companies that the market won't on its own.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by teamosil View Post
    Huh? That's just a bunch of links explaining that they were high risk. That isn't a scandal or something. That's the point of government backed loans- to try to prop up companies that the market won't on its own.
    So it's the government's business to pay out a half of billion dollars to companies with no chance of survival ????

    You must be in the Obama administration, or at least a high ranking democrat.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by Gill View Post
    So it's the government's business to pay out a half of billion dollars to companies with no chance of survival ????
    That's a policy question. You're certainly free to say no. I would say no in most situations, but I think renewable energy is such an essential national interest that it is worth taking some risks. Either way, that's not a scandal. That isn't unethical or something. It's just a policy disagreement.

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    Re: Investigators Probe White House Role in Massive Energy Loan

    Quote Originally Posted by Gill View Post
    So it's the government's business to pay out a half of billion dollars to companies with no chance of survival ???? [...]
    Generally speaking, it is the business of gov't guaranteed loans to provide money to businesses that would otherwise be unable to obtain it via usual commercial lending.

    Now that I've aired that well-known fact, the only thing the detractors have to work with is that the loan was supposedly restructured to put private investors ahead of the gov't (taxpayers). There is perhaps some usable scandal in that, if the right can resist their inherent impulse to contaminate their case with hyperbole.

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