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Thread: Romney-backed solar firm flops, Dems pounce

  1. #41
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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by tecoyah View Post
    Got it....not apples and oranges...but, apples and younger less expensive apples.

    Hmmm...The smaller state of Mass. spends less money than the larger country they are a part of...who'd a thunk it.

    For your consideration:
    "


    Solyndra, schmolyndra: The Obama administration’s hit rate is better than the private market’s


    By Jess Zimmerman

    Making loans is a tricky business — sometimes you bet on the wrong horse. For example, there's the Obama administration, which doled out 1.4 percent of its Recovery Act cleantech investments to failed solar company Solyndra, in a move that everyone and their uncle is now calling a giant embarrassment. And then there's private venture capital, which invests in green energy companies that fail at least 30 percent of the time.

    According to Susan Kraemer at CleanTechnica, the Obama admin's hit rate far outperforms venture capitalists:

    The US government guarantee of a private loan to Solyndra, at $535 million, represented a minuscule 1.4% of the Department of Energy investment in all renewable technologies. By contrast — VCs (who were out $1 billion to Solyndra, for example) expect much higher failure rates. Richard Stuebi, who advises VCs on expected green energy failure rates, says that just 3 in 10 successes represents a successful VC investment strategy. That is 70% losers — not 1.4%.

    It's not an apples-to-apples comparison, because the 1.4 percent is based on how much money went to Solyndra, whereas Stuebi's figures are about number of ventures. DOE lists 38 guaranteed loans; one failure out of 38 investments would be closer to 2.6 percent. And while Stuebi shows only 30 percent of investments being successful, there's another 40 percent that just drag along, not failing but not providing sufficient return on investment. Still, it looks like private investments go belly-up at a much higher rate than the government's.

    So, are we still calling this a "scandal"?


    .....Just Sayin'......
    hmm...except the little apple got repaid and the big apple, well.....
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

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  2. #42
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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by justabubba View Post
    it's an apples to apples comparison
    small apple to large apple
    small apple bought by mass and large apple bought by the feds
    but a direct comparison

    stay tuned for the debates. Obama will teach you (and romney) this similarity better than i
    how do you compare repaid to thrown down the toilet?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

  3. #43
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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by justabubba View Post
    it's an apples to apples comparison
    small apple to large apple
    small apple bought by mass and large apple bought by the feds
    but a direct comparison

    stay tuned for the debates. Obama will teach you (and romney) this similarity better than i
    LOL!!!

    The only thing Obama can do is demogogue the issue.
    TANSTAAFL

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    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by tecoyah View Post
    Seriously?....now you are simply being silly, still I will explain.

    You blame Obama for investing in Solyndra (along with venture capitalists)...because it failed as a venture. You ignore the other successful 30 some odd companies that did not fail, so I assume you wish to focus on this failure. I then point out the risk involved in venture capital as well as the ratio of success, to which you respond that it has no bearing on your focus. Likely due to the fact that the VC failure rate is far above the Gov't failure rate....thus making it hard to defend your stance. The only comparison that actually DOES work here it indeed Venture Capital, as that is exactly what the Government was doing with the recovery act.
    The topic of this thread is about Romney...not Obama. It's about perceived hypocrisy...not whether Obama did a good thing or not.

    Perhaps you need to be reminded what the thread title says, eh? "Romney-backed solar firm flops, Dems pounce"

    In respect to my stance...do you really understand what my stance is???
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by Mycroft View Post
    The topic of this thread is about Romney...not Obama. It's about perceived hypocrisy...not whether Obama did a good thing or not.

    Perhaps you need to be reminded what the thread title says, eh? "Romney-backed solar firm flops, Dems pounce"

    In respect to my stance...do you really understand what my stance is???
    i am guessing a wide one [/s]
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by Mycroft View Post
    The topic of this thread is about Romney...not Obama. It's about perceived hypocrisy...not whether Obama did a good thing or not.

    Perhaps you need to be reminded what the thread title says, eh? "Romney-backed solar firm flops, Dems pounce"

    In respect to my stance...do you really understand what my stance is???

    Uh...remember this!

    "
    Mycroft


    Professor Join DateOct 2011Last SeenToday @ 07:03 PMGender LeanConservative Posts2,106Liked758 times



    Hmmm...

    I wonder how much federal taxpayer money was spent on this Massachusetts company?

    Was it anywhere near as much as half a billion dollars?

    Did it increase the federal debt...at all?

    I'd say it's hard to claim hypocrisy when one is discussing apples and oranges.




    I sure as hell do.

  7. #47
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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by tecoyah View Post
    Uh...remember this!

    "
    Mycroft


    Professor Join DateOct 2011Last SeenToday @ 07:03 PMGender LeanConservative Posts2,106Liked758 times



    Hmmm...

    I wonder how much federal taxpayer money was spent on this Massachusetts company?

    Was it anywhere near as much as half a billion dollars?

    Did it increase the federal debt...at all?

    I'd say it's hard to claim hypocrisy when one is discussing apples and oranges.




    I sure as hell do.
    Well. You've proved that you can find a post. Now prove that you understand what the post said.
    TANSTAAFL

    “An armed society is a polite society.”
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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by Mycroft View Post
    Well. You've proved that you can find a post. Now prove that you understand what the post said.

    Seriously?....you still want to play this silly game....fine.

    Discussion revolved around the Romney deal, then you posted a defense of his actions by comparing the Obama Solyndra deal to it. You used the difference in cost, as well as a state/Fed not the same thing statement.

    You then used the Apples and Oranges comment to add to your point.....which seems to be:

    Wait for it.....Obama is a terrible president because he spent too much of your money on a failed venture, while Romney was spending far less and not your tax money...so it's not as bad.

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    Re: Romney-backed solar firm flops, Dems pounce

    By the way...I also proved you were responsible fro this thread beginning to focus on Obama.

    Mycroft


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    Perhaps you need to be reminded what the thread title says, eh? "Romney-backed solar firm flops, Dems pounce"

    In respect to my stance...do you really understand what my stance is???

  10. #50
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    Re: Romney-backed solar firm flops, Dems pounce

    Quote Originally Posted by tecoyah View Post
    Seriously?....you still want to play this silly game....fine.

    Discussion revolved around the Romney deal, then you posted a defense of his actions by comparing the Obama Solyndra deal to it. You used the difference in cost, as well as a state/Fed not the same thing statement.

    You then used the Apples and Oranges comment to add to your point.....which seems to be:

    Wait for it.....Obama is a terrible president because he spent too much of your money on a failed venture, while Romney was spending far less and not your tax money...so it's not as bad.
    As I figured...you didn't understand my post and I suspect you don't really understand the topic of this thread.

    1. This thread is not about the Romney deal. It's about Romney bashing Obama about Solyndra and then it being found out that Romney is involved in, what some say, is a similar deal and the Democrats using this to paint Romney as a hypocrite.

    2. I did not post a defense toward Romney's actions. I only pointed out that, in effect, MA's loans had no affect on our nation's citizens and that Obama's deal does affect all of us. THAT is the crux of my statement.

    3. I don't know how you did it, but somehow you read me saying "apples and oranges" and came up with that whole highlighted perception? Amazing.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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