Should this loan have been rushed through?
Amos 8:5Solyndra Loan
[Solyndra loan:
White House pressed on review of solar company now under investigation by Joe
Stephens and Carol D. Leonnig] "The Obama White House tried to rush federal
reviewers for a decision on a nearly half-billion-dollar loan to the solar-panel
manufacturer Solyndra so Vice President Biden could announce the approval at a
September 2009 groundbreaking for the company’s factory, newly obtained e-mails
show..." Full text:
Solyndra loan: White House pressed on review of solar company now under
investigation
Should this loan have been rushed through?
Amos 8:5
Response to comment : "...[T]his is looking like a Watergate-type mess."
That's one
expensive
photo op (Krauthammer).
Amos 8:5
Response to comment [from a Christian]: "I was thinkin' myself that this one looks like it has legs."
This is an
eight-legged freak.
"In this time of record debt, I question whether the government is qualified to
act as a venture capitalist,
picking winners and losers in speculative ventures and shelling out billions of
taxpayer dollars to keep them afloat..." Full text:
Opening Statement of the Honorable Fred Upton Chairman, Committee on Energy and
Commerce “Solyndra and the DOE Loan Guarantee Program”
"Quite possibly. To make matters worse for Obama and Co. the Republicans smell blood in the water due to their recent wins (Weiner being replaced with a Republican was a real coup...particularly with Ed Kotch voting Republican). They won't be backing off of this...they are going to run this one right to ground I'm sure."
Let business be
business
and let government be government.
Can we learn this lesson
after a half a billion dollar loss?
Amos 8:5
Response to comment [from a Christian]: "This thread could have been titled: Obama is throwing your money right down the drain.
Double down on
failure.
[Federal green energy loan guarantees could go to 15 more companies] "The Obama
administration is moving to finalize as many as 15 loan guarantees for renewable
energy companies before the stimulus program ends on Sept. 30,
and Republicans are questioning whether that could lead to more failures like
Solyndra Inc., a company that filed for bankruptcy and may leave taxpayers on
the hook for a half-billion-dollar loan.
The loan guarantees essentially make it easier for the companies to get
financing as the government guarantees repayment in the event of default. In
Solyndra's case, the loan came from the government itself, but private banks
often provide the financing..."
Federal green energy loan guarantees could go to 15 more companies
Related:
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi
Clan
Psa. 12:8
Response to comment [from a Christian]: "The "liberal" media doesn't seem to take too much exception to this. Where is the outrage? Where the hue and cry?"
This "pay to play" from Chicago.
"Green" means scam.
Corruption ruins societies.
Ex. 23:8; Deut.
16:18, 19; Deut.
27:25; 1
Sam. 8:1, 3; Job
15:34; Psa.
26:9, 10; Prov.
15:27; Prov.
17:8, 23; Prov.
18:16; Prov.
21:14; Prov.
25:14; Prov.
28:21; Prov.
29:4; Eccl.
7:7; Isa.
1:23; Isa.
5:22, 23; Isa.
33:15, 16; Ezek.
13:19; Ezek.
22:12, 13; Amos
2:6; Amos
5:12; Mic.
7:3.
