I am surprised no one has posted anything about Solyndra. http://www.washingtonpost.com/polit...n-guarantees/2011/08/31/gIQAB8IRsJ_story.html I have heard of enough smoke, there has got to be something there. I just don't know how high it goes.
Probably because nobody watches a lot of Fox News the only "organization" that is pushing this ginned up issue in a way only Fox can push a nonissue i.e. with innuendo, lack of facts, and omission. You gotta love their determination. By the way, I did see the story on Fox yesterday with their supposed expert while I was eating lunch and didn't have the luxury of changing the channel. I laughed all the way through it.
Maybe that is why moen is trying to downplay it. The name I keep hearing in connection with it is Biden, but so far no direct link. Just a coincidence or otherwise?
Here's a story on Solyndra from MSNBC (a credible news source to some of you on this forum). It's not a very lengthy story and only gives superficial information, but you can investigate more on your own: http://bottomline.msnbc.msn.com/_ne...red-red-flags-in-loan-to-failed-solar-company
ABC is not calling it a "nonissue"; http://abcnews.go.com/Blotter/solyndra-blame-bush-obama-officials/story?id=14513389
The funding through loans, tax breaks, and grants of new industries and especially green industries is exactly what the government should be doing. The fact that 80% of small businesses fail and the fact that in a bad economy that number is probably even higher shouldn’t dissuade the government from making loans such as these to other green industries. Germany has a government program that subsidizes solar panels for individual homeowners and it is so successful that they sell energy to their European neighbors. The only problem with our government funding is that they didn’t also heavily subsidize the purchasing of those solar panels. Energy independence on our part takes money out of pockets of those that support internmational terrorists in the Middle East.
Let's see. Government control/interference in industry has succeeded exactly .......... OOPs! I can't think of it ever succeeding. Cash for Clunkers was such a roaring failure. Shovel ready jobs were so not shovel ready. etc.
Government seed money and funding has spurred countless success stories. NASA for example. The innovations that came out of the NASA program are too numerous to count. I bought a car during the cash for clunkers program. I came to the buying game towards the end of the program and there wasn't a car on the lot to choose from. The purpose of the program was to take gas guzzling SUV's off the road and replace them with more fuel efficient cars and to increase car sales. Both goals were met. How does that constitute a roaring failure? The CBO estimated that the stimulus created and saved as many as 3 million jobs including 170,000 in Rick Perry's state yet he stands up and says "zero" jobs were created. The Right seems to label everything a failure regardless of the facts. I wonder if they have a vested interest in that?
Last time I checked, NASA was not an industry. They hire industry to make their equipment. As for the clunkers, what happened to the price of used cars? Yes, it boosted sales while it was under way, but then what happened in the several months when it ended. The net result was that it cut future car sales and raised the price of used cars for the poor. Just what was good about that? Still don't know what a job saved means. Again, only 3,000,000 jobs means that it cost $300,000 per job. Just think of what any company could have done with $300,000 per new job.
The only one of my paragraph that might be opinion would be the clunkers. See http://www.businessweek.com/autos/autobeat/archives/2009/08/cash_for_clunke_12.html
Obama would do better with stimulating the economy if he had just dropped that half-billion bucks out the window of Airforce One.
