Page 7 of 9 FirstFirst ... 56789 LastLast
Results 61 to 70 of 84

Thread: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

  1. #61
    Guru
    nonpareil's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-04-15 @ 10:36 AM
    Lean
    Undisclosed
    Posts
    3,108

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by 1Perry View Post
    And yet you advocate giving them millions of taxpayers dollars.
    Either that or government owned, funded, and subsidised research and development if we want to see major advances on the new form of energy front.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

  2. #62
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by nonpareil View Post
    Either that or government owned, funded, and subsidised research and development if we want to see major advances on the new form of energy front.
    Huge difference.

  3. #63
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    [QUOTE]
    Quote Originally Posted by AdamT View Post
    Your contention was that Obama has inured the American people to wasteful investments. I was simply pointing out that Bush did the same thing ... times 10. But Bush wasn't the first, either. All Presidents in my lifetime have invested government funds in fledgling industries. Some have produced game changing results, and others have not.
    It's not clear that you know what "inured" means, which is why the quote system works best. Then my 'contentions' will remain clear.

    If you have evidence that "that Bush did the same thing ... times 10" then please post it. But I think it's safe to assume that this is just more Leftist hyperbole.

    My point is that it is a good thing for our government to foster new and important technologies, even if all of the bets don't pay off.
    What indication is there that Barrack Obama, or any of his "Czars", knows how to pick winners in areas of investment? He has had no experience whatsoever and now you think he can spend millions of dollars deciding which company he should open the public wallet to? Was that one of his campaign promises? I would never trust this guys "bets" at all. He is a lying machine.

    I applaud Bush for what he did. Fuel cells have come a long way and I think they may in fact be the way of the future. Hybrid vehicle sales have grown immensely over the last 10 years.
    if you think something is "the wave of the future" you should invest in it. You certainly have as much experience as Barrack Obama and it won't cost the taxpayer a nickel.
    Businesses are generally short sighted.
    And which businesses are those?
    They often won't invest in new technology unless there is a pay off right around the corner.
    Again, which business are you referring to?
    Government can take a longer view.
    The Presidency is for eight years max and BHO is already campaigning. If he is re-elected do you have any idea what the American debt might be? Has he ever hinted, after he became President, at presenting a budget or even balancing one? this is one time the Americans have to put their country first and their ideology last, otherwise you can kiss it all goodbye.

  4. #64
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by EagleAye View Post
    You're right, I don't work on Wall Street.

    The Iraq war was about a LOT of things. I think Bush honestly believed WMDs were there (where lefties and I disagree). We were removing a destabilizing force from the ME. We were freeing the Iraqi people from a tyranny and introducing a democratic society. These things I truly believe in and I catch a lot of flack for it. So what. BUT there was the additional motivation of securing access to oil. This wasn't to "steal" the oil as many claim, but to insure that the US had access to pay for it, without being denied. Lastly, Bush's friends at Halliburton and other companies were granted access to lucrative contracts. Everybody wins...or so it was thought.

    So the oil companies and companies like Halliburton can thank the US Military and the American taxpayer for subsidizing their industries by removing a blockage to their expansion...absolutely free of charge.
    Haliburton was a success before Iraq is a success after Iraq. Many companies performed services there, and still do, and are paid for them. There is nothing unusual in that.

  5. #65
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by Grant View Post
    Haliburton was a success before Iraq is a success after Iraq. Many companies performed services there, and still do, and are paid for them. There is nothing unusual in that.
    Haliburton was caught ripping off the government more times than anyone can ever justify in 4 lifetimes.

  6. #66
    Sage
    EagleAye's Avatar
    Join Date
    Sep 2011
    Location
    Austin, TX
    Last Seen
    03-28-13 @ 09:08 PM
    Gender
    Lean
    Centrist
    Posts
    5,697

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by Grant View Post
    Haliburton was a success before Iraq is a success after Iraq. Many companies performed services there, and still do, and are paid for them. There is nothing unusual in that.
    Very nice. Could Halliburton have established contracts is a hostile Iraq? The correct answer is "no." Halliburton's expansion into Iraq was still subsidized and made possible by the actions of the US military. Thus, the US government, with tax payer monies, provided de facto venture capital for Halliburton. Just like the government is now providing monies to support alternative energies. So why complain only about solar companies and not oil companies? Both are subsidized and supported by taxpayer money, except that the monetary support for oil is provided for in the form of services rendered by the US Military. And the cost of US Military support runs into the Hundreds Of Billions. And after all this, you complain about 53 Million? Pocket change.
    Last edited by EagleAye; 11-01-11 at 11:52 PM.
    Check out my Blog http://momusnews.wordpress.com/
    Sherry's Photography site: http://www.sheywicklundphotos.com/

  7. #67
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by Grant View Post
    Haliburton was a success before Iraq is a success after Iraq. Many companies performed services there, and still do, and are paid for them. There is nothing unusual in that.
    Halliburton had a mountain of debt left over fro the Texas oil bust before Iraq. Iraq pretty much saved that company.

  8. #68
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by EagleAye View Post
    Very nice. Could Halliburton have established contracts is a hostile Iraq? The correct answer is "no." Halliburton's expansion into Iraq was still subsidized and made possible by the actions of the US military. Thus, the US government, with tax payer monies, provided de facto venture capital for Halliburton. Just like the government is now providing monies to support alternative energies. So why complain only about solar companies and not oil companies? Both are subsidized and supported by taxpayer money, except that the monetary support for oil is provided for in the form of services rendered by the US Military. And the cost of US Military support runs into the Hundreds Of Billions. And after all this, you complain about 53 Million? Pocket change.
    Halliburton performed services for the American government in Iraq and were paid for those services.

    Solyndra performed no services whatsoever for the government yet their management were paid $535,000,000. Chump change? I think there are a lot of Americans, in fact American communities, who wouldn't mind having this "chump change" in their pockets.

    Solyndra Went on a Spending Spree After Getting Loan

  9. #69
    Dungeon Master
    Somewhere in Babylon
    Jetboogieman's Avatar
    Join Date
    Jan 2010
    Location
    Somewhere in Babylon...
    Last Seen
    @
    Lean
    Undisclosed
    Posts
    24,291
    Blog Entries
    1

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by Grant View Post
    Halliburton performed services for the American government in Iraq and were paid for those services.

    Solyndra performed no services whatsoever for the government yet their management were paid $535,000,000. Chump change? I think there are a lot of Americans, in fact American communities, who wouldn't mind having this "chump change" in their pockets.

    Solyndra Went on a Spending Spree After Getting Loan
    Solyndra is an embarresing saga for this administration to be sure.

    And many people say it shows how the government shouldnt be in the business of giving these kinds of companies loans and that it shows they're incapable of making good calls on investments.

    There's evidence of cronyism involved in the deal, and that's something that'll have to be looked into. But the governments job is to look out for the well being of the people, and everyone agrees that the country needs to ween itself off foreign oil, but things like this have less to do with proving green technology doesn't work well, rather it's about attacking the administration.

    Private companies make bad calls too, the private sector isn't perfect and not every invesment it makes becomes a flourishing business that changes the world.


    Investments in the private sector oftentimes especially in R&D only succeeds around 5% of the time which if its an amazing idea makes up for the other 95%.

    The investment in Solyndra is ultimately embarresing, why because Obama went to the damn factory and called it a success... yeah that's a bit of egg in his face, but the money was a drop in the bucket for the entire program...
    Last edited by Jetboogieman; 11-02-11 at 02:20 PM.

  10. #70
    Sage
    Caine's Avatar
    Join Date
    Sep 2005
    Last Seen
    10-05-17 @ 01:21 PM
    Gender
    Lean
    Independent
    Posts
    23,336

    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Good grief.

    This isn't about Halliburton, The Iraq War, or any of that nonsense

    Its about an Energy Company....


    7 pages of derailment, you people should be ashamed of yourselves.
    "I condemn the ideology of White Supremacy and Nazism. They are thugs, criminals, and repugnant, and are against what I believe to be "The American Way" "
    Thus my obligatory condemnation of White supremacy will now be in every post, lest I be accused of supporting it because I didn't mention it specifically every time I post.

Page 7 of 9 FirstFirst ... 56789 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •