$535 million gone. Whose pockets did that money go into, I (don't) wonder?

[Barbella]

Easy to play with taxpayer money, huh? No loss to the ones who so generously gave it away...

Ten years ago today, President Barack Obama gave the Solyndra solar panel company $535 million of Energy Department loan guarantees as part of his economic stimulus program, Sandra Smith reported on "America's Newsroom."

"The true engines of economic growth will always be companies like Solyndra," Obama said of the California company at the time.

Then-Energy Secretary Steven Chu also heralded the taxpayer funding for easy-to-install solar panels.

Looking back on the failed investment, Smith played video clips of Solyndra's early days, with Gov. Arnold Schwarzenegger (R-Calif.) breaking ground on part of the company's property.

Smith said that just days after the ensuing 2010 midterms, Solyndra filed for bankruptcy and finally went under in 2011, taking with it the half-billion taxpayer dollars and hundreds of jobs.

Trump Energy Transition Team Member Tom Pyle said that the federal government should never have been involved with a company that was labeled "too high risk for private investment" in the first place.

"That's why we shouldn't have had that program," he said.

An inspector general's report later showed that the actions of Solyndra executives were "reckless and irresponsible" and that the company misrepresented facts and omitted key information to secure the federal loan guarantees.

https://insider.foxnews.com/2019/03/20/solyndra-burns-500-million-obama-stimulus-money-ten-years-ago

 

[Bugsy McGurk]

Solyndra? Really? In 2019?

Crikey.

;-)

 

[resident_evil]

Easy to play with taxpayer money, huh? No loss to the ones who so generously gave it away...

Ten years ago today, President Barack Obama gave the Solyndra solar panel company $535 million of Energy Department loan guarantees as part of his economic stimulus program, Sandra Smith reported on "America's Newsroom."

"The true engines of economic growth will always be companies like Solyndra," Obama said of the California company at the time.

Then-Energy Secretary Steven Chu also heralded the taxpayer funding for easy-to-install solar panels.

Looking back on the failed investment, Smith played video clips of Solyndra's early days, with Gov. Arnold Schwarzenegger (R-Calif.) breaking ground on part of the company's property.

Smith said that just days after the ensuing 2010 midterms, Solyndra filed for bankruptcy and finally went under in 2011, taking with it the half-billion taxpayer dollars and hundreds of jobs.

Trump Energy Transition Team Member Tom Pyle said that the federal government should never have been involved with a company that was labeled "too high risk for private investment" in the first place.

"That's why we shouldn't have had that program," he said.

An inspector general's report later showed that the actions of Solyndra executives were "reckless and irresponsible" and that the company misrepresented facts and omitted key information to secure the federal loan guarantees.

https://insider.foxnews.com/2019/03/20/solyndra-burns-500-million-obama-stimulus-money-ten-years-ago

Did Solyndra tech or equipment end up in China? You know paid for by U.S. tax payer subsidy. You know much like how Tesla tech is ending up in China after U.S. taxpayer subsidy. Can't wait for Tesla to go broke and have all that research end up in China.

 

[resident_evil]

Solyndra? Really? In 2019?

Crikey.

;-)

Have you seen your 2020 [Unwelcome language removed] running on the same moronic economic platform that led to Solyndra?

 

[Nostra]

Solyndra? Really? In 2019?

Crikey.

;-)

So, you support the $500 million Obama pissed away on a company filled with big donors to his campaign?

 

[Bugsy McGurk]

Have you seen your 2020 [Unwelcome language removed] running on the same moronic economic platform that led to Solyndra?

Not at all.

 

[Nostra]

Not at all.

Wake up.

 

[Bugsy McGurk]

So, you support the $500 million Obama pissed away on a company filled with big donors to his campaign?

Your lying is truly reaching psychotic levels.

You should seek help.

 

[Nostra]

Your lying is truly reaching psychotic levels.

You should seek help.

Please point out what you think is a lie. Be specific so I can enjoy slapping you around.

GO!

 

[Bugsy McGurk]

Please point out what you think is a lie. Be specific so I can enjoy slapping you around.

GO!

Sane people grew weary of debunking wingers’ Solyndra lies almost 10 years ago.

If you need to lie, and you do, lie about current events.

 

[Nostra]

Sane people grew weary of debunking wingers’ Solyndra lies almost 10 years ago.

If you need to lie, and you do, lie about current events.

So, you can't point out what I lied about.

That makes you the liar.

 

[Bugsy McGurk]

So, you can't point out what I lied about.

That makes you the liar.

Who wudda think it? You told yet another lie.

;-)

 

[Nostra]

Who wudda think it? You told yet another lie.

;-)

I'm tired of your bullshit games............so howsabout I just destroy your ass right now and see that you don't return to this thread.

Mmmmmkay.....


Try to spin this, *edited*

WASHINGTON (AP) — The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors — including a fundraiser for President Barack Obama — moved ahead of taxpayers for repayment in case of a default, government records show.

Administration officials defended the loan restructuring, saying that without an infusion of cash earlier this year, solar panel maker Solyndra Inc. would likely have faced immediate bankruptcy, putting more than 1,000 people out of work.


Even with the federal help, Solyndra filed for Chapter 11 bankruptcy protection earlier this month and laid off its 1,100 employees.

The Fremont, Calif.-based company was the first renewable-energy company to receive a loan guarantee under a stimulus-law program to encourage green energy and was frequently touted by the Obama administration as a model. Obama visited the company's Silicon Valley headquarters last year, and Vice President Joe Biden spoke by satellite at its groundbreaking.

Since then, the implosion of the company and revelations that the administration hurried Office of Management and Budget officials to finish their review of the loan in time for the September 2009 groundbreaking has become an embarrassment for Obama as he sells his new job-creation program around the country.

An Associated Press review of regulatory filings shows that Solyndra was hemorrhaging hundreds of millions of dollars for years before the Obama administration signed off on the original $535 million loan guarantee in September 2009. The company eventually got $528 million.

Given the company's shaky financial condition, Republican lawmakers say the decision to restructure the loan raises questions about whether the administration protected political supporters at taxpayers' expense.

https://www.realclearpolitics.com/articles/2011/09/18/obama_admin_reworked_solyndra_loan_to_favor_donor_111379.html

 

[Bugsy McGurk]

I'm tired of your bullshit games............so howsabout I just destroy your ass right now and see that you don't return to this thread.

Mmmmmkay.....


Try to spin this, *edited*

https://www.realclearpolitics.com/articles/2011/09/18/obama_admin_reworked_solyndra_loan_to_favor_donor_111379.html

You’re not paying attention - I told you above that your Solyndra lies were debunked almost 10 years ago. You can’t expect to interest me with your ancient lies.

 

[The Sage of Main Street]

Easy to play with taxpayer money, huh? No loss to the ones who so generously gave it away...

Ten years ago today, President Barack Obama gave the Solyndra solar panel company $535 million of Energy Department loan guarantees as part of his economic stimulus program, Sandra Smith reported on "America's Newsroom."

"The true engines of economic growth will always be companies like Solyndra," Obama said of the California company at the time.

Then-Energy Secretary Steven Chu also heralded the taxpayer funding for easy-to-install solar panels.

Looking back on the failed investment, Smith played video clips of Solyndra's early days, with Gov. Arnold Schwarzenegger (R-Calif.) breaking ground on part of the company's property.

Smith said that just days after the ensuing 2010 midterms, Solyndra filed for bankruptcy and finally went under in 2011, taking with it the half-billion taxpayer dollars and hundreds of jobs.

Trump Energy Transition Team Member Tom Pyle said that the federal government should never have been involved with a company that was labeled "too high risk for private investment" in the first place.

"That's why we shouldn't have had that program," he said.

An inspector general's report later showed that the actions of Solyndra executives were "reckless and irresponsible" and that the company misrepresented facts and omitted key information to secure the federal loan guarantees.

https://insider.foxnews.com/2019/03/20/solyndra-burns-500-million-obama-stimulus-money-ten-years-ago

OLD FRONTIER: Daniel Boone
NEW FRONTIER: Boondoggle

 

[Nostra]

You’re not paying attention - I told you above that your Solyndra lies were debunked almost 10 years ago. You can’t expect to interest me with your ancient lies.

You are full of shit.

My link proves it.

Run along *edited* . Ya got nuthin.

 

[Dawg]

Easy to play with taxpayer money, huh? No loss to the ones who so generously gave it away...

Ten years ago today, President Barack Obama gave the Solyndra solar panel company $535 million of Energy Department loan guarantees as part of his economic stimulus program, Sandra Smith reported on "America's Newsroom."

"The true engines of economic growth will always be companies like Solyndra," Obama said of the California company at the time.

Then-Energy Secretary Steven Chu also heralded the taxpayer funding for easy-to-install solar panels.

Looking back on the failed investment, Smith played video clips of Solyndra's early days, with Gov. Arnold Schwarzenegger (R-Calif.) breaking ground on part of the company's property.

Smith said that just days after the ensuing 2010 midterms, Solyndra filed for bankruptcy and finally went under in 2011, taking with it the half-billion taxpayer dollars and hundreds of jobs.

Trump Energy Transition Team Member Tom Pyle said that the federal government should never have been involved with a company that was labeled "too high risk for private investment" in the first place.

"That's why we shouldn't have had that program," he said.

An inspector general's report later showed that the actions of Solyndra executives were "reckless and irresponsible" and that the company misrepresented facts and omitted key information to secure the federal loan guarantees.

https://insider.foxnews.com/2019/03/20/solyndra-burns-500-million-obama-stimulus-money-ten-years-ago

Obobo's wealth didn't multiply by 12x's on POTUS salary in 8 years.

 

[Dawg]

Solyndra? Really? In 2019?

Crikey.

;-)

Do you have anything on the topic or just your normal Dodge?

 

[Dawg]

You are full of shit.

My link proves it.

Run along *edited*. Ya got nuthin.

All Bugsy has is another Dodge

 

[Barbella]

Solyndra? Really? In 2019?

Crikey.

;-)

Um... yea. Kavanaugh? Crikey.