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Thread: Obama-backed electric car battery-maker files for bankruptcy

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by ric27 View Post
    It is one thing to think there is a good plan and later find out you were wrong and there were flaws. It is quite another to have those flaws pointed out to you before it became a crisis and you actively oppose efforts to correct the system. All the while using it to reap financial and political rewards.
    I agree. Clearly the Solyndra deal was a **** up. That doesn't mean that they all are.

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by AdamT View Post
    Who were the private investors who started the internet? Who were the private investors who created the GPS satellite system? Who were the private investors who started manned space flight? Who were the private investors who started nuclear power generation? The list goes on and on. There is a long history of our government investing in technology that ended up changing the world.

    The government also funds a LOT of medical research. Obviously it doesn't all pan out. Does that mean it isn't worth doing?
    You are right...

    But when "green energy" technology keeps failing... Solar, Now Fancy Batteries...

    Its time to "pull the plug" on it.
    "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.

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by Caine View Post
    You are right...

    But when "green energy" technology keeps failing... Solar, Now Fancy Batteries...

    Its time to "pull the plug" on it.
    I disagree. While the administration should have paid better attention to Solyndra, the reason they went under was drastic reduction in the cost of a competing solar cell technology.

    Prior to our investment in lion auto batteries, the top eight manufacturers were all based in China, Japan, or S. Korea. With increasing fuel standards, hybrids, plugin hybrids, and EVs will become increasingly popular. If we don't develop this industry now, we will be hopelessly behind when demand picks up. Been there, done that.

    Needless to say, the Chinese and South Korean manufacturers receive government assistance.

    http://thinkprogress.org/romm/2011/1...r-investments/
    Last edited by AdamT; 01-27-12 at 02:02 AM.

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by AdamT View Post
    Who were the private investors who started the internet? Who were the private investors who created the GPS satellite system? Who were the private investors who started manned space flight? Who were the private investors who started nuclear power generation? The list goes on and on. There is a long history of our government investing in technology that ended up changing the world.

    The government also funds a LOT of medical research. Obviously it doesn't all pan out. Does that mean it isn't worth doing?
    Is what went on here, what went on there?

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    personally, I believe in the technology, but I think it is time for many people to wake up to what is going on with these companies. Obama is fastracking these loans to these companies and basically giving them a no overhead start or boost. But, rather than investing back into their business, they pocket these insane loans and then file bankrupcty soon after. This is the corruption in todays government and yet another example of how the Obama administration is not in any way working on behalf of the American people who it supposedly represnts.

    I have no problems with the government investing in technology that helps with energy independence and creates work. I have serious problems when it invests in companies that are completly bogus and basically throws money into already wealthy peoples pockets. These "clean energy" investments are being done with dirty money. WAKE UP PEOPLE!!!

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by 1Perry View Post
    Very much so. What do you see as my arguement?
    Well, you're putting up an example of a government agency accomplishing an amazing task, one that did involve private industry as well.

    Quote Originally Posted by Caine View Post
    You are right...

    But when "green energy" technology keeps failing... Solar, Now Fancy Batteries...

    Its time to "pull the plug" on it.
    Incredibly short-sighted. You'd be trading foreign oil dependency for other foreign products.
    Last edited by Deuce; 01-27-12 at 12:27 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by Deuce View Post
    Well, you're putting up an example of a government agency accomplishing an amazing task, one that did involve private industry as well.
    It was not completely reliant upon something that could go bankrupt was it? Was getting to the moon based upon the idea that a profit had to be made to do it? If we had funded a Haliburtion to take us to the moon, do you think we would have ever got there?

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by 1Perry View Post
    It was not completely reliant upon something that could go bankrupt was it? Was getting to the moon based upon the idea that a profit had to be made to do it? If we had funded a Haliburtion to take us to the moon, do you think we would have ever got there?
    So what you're saying is that private industry is terrible at doing things so we should just cut them out of the process of innovation?

    But your analogy doesn't quite fit right because this is a small task (development of car batteries|develop thruster nozzle reaction unit thingyjig) as part of a larger goal (replace gas car fleet/infrastructure with electric|get onto moon)

    NASA didn't do everything itself. Some of its moon-related ventures failed. And you're right, it didn't worry about the bottom line. Some of those ventures failed, cost tax dollars. Oh well, press on.

    So I guess we agree. Sometimes things don't work out. Oh well. Press on.
    Last edited by Deuce; 01-27-12 at 02:39 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    Quote Originally Posted by Deuce View Post
    So what you're saying is that private industry is terrible at doing things so we should just cut them out of the process of innovation?
    No, private industry is great at doing many things.

    But your analogy doesn't quite fit right because this is a small task (development of car batteries|develop thruster nozzle reaction unit thingyjig) as part of a larger goal (replace gas car fleet/infrastructure with electric|get onto moon)
    If it's such a small task, why the bankruptcy?

    NASA didn't do everything itself. Some of its moon-related ventures failed. And you're right, it didn't worry about the bottom line. Some of those ventures failed, cost tax dollars. Oh well, press on.

    So I guess we agree. Sometimes things don't work out. Oh well. Press on.
    Never mind you didn't answer my question.

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    Re: Obama-backed electric car battery-maker files for bankruptcy

    all anyone had to do was say NASA and ya got my attention lol. I have never minded the government funding a project or department, such as NASA and the moon missions. What one must remember is back in those days, the government would fund an agency and project, then turn to the private sector to have it built. If it wasn't for the private sector, we would have never got off the ground. That is not how things work these days. at least no where near where it used to. Now we are funding companies but not to build things, but merely to exist after their failure. What's worse is often times we are funding them while they drastically decrease their output and lay off sometimes thousands of people. Sometimes we are merely funding bogus companies who whose CEO's take the money and run then declare bankruptcy. We should go back to funding projects and companies that create, not desecrate.

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