Obama praised Solar Cell firm goes bust..costs tax payers $500 million

So yet again Obama gets blamed for something he inherited from Bush? Surprise surprise...

 

No. Bush didn't give out the loan because it did not pass the vetting process. Obama did by rushing it through the vetting process. He rushed it through because of a planned press event. This is all on Obama.

http://www.powerlineblog.com/archives/2011/09/barack-obama-flim-flam-man.php

Yes really. The only Republican presidential candidates that might answer otherwise are Romney, Huntsman, and Santorum.

Don't know what to tell you other than you're wrong. Many Republicans would have.

 

You'll never convince me that banks that offer risky loans need my money or the economy will collapse. If something should fail, we need to let it happen, not reward failure and delay the inevitable. As Santiago said earlier, why do you want to privatize gains and socialize losses? You're only encouraging more risky behavior.

Didn't say outlaw loans, I said outlaw government loans.

If you can't find a private lender willing to take a risk on you paying back student loans, why should the taxpayer be forced to take that risk?

US citizens hold something like a trillion dollars in tuition debt, it's a crisis every bit as bad as the housing bubble. A bank stupid enough to let a kid go $50k in debt to get a history degree and expects him to pay it back deserves to fail. But our government will take that risk gladly on behalf of us taxpayers. Every kid deserve a chance to go to college you see, who can argue with that?

If the work was worth doing, it wouldn't need to be subsidized.

I can't fathom how you advocate for the status quo given our precipitous economic decline and Europe as a model for where we are headed.

The consequences of socializing bank losses and rewarding risky behavior are dire. Let those banks fail and stop using my tax dollars to insure them.

Companies fail all the time, why does GM get special treatment? Companies that deserve to fail need to effing fail, not be invested in further.

I'd be happy to accept a one time bailout if the feds would get out of the financial services business entirely, including deposit insurance.

The paternalistic instincts of this board are so sad and run counter to the individualistic, risk taking spirit that once made our economy so dynamic. Now it's nothing but hand wringing and managed decline.

 

Sweet Lou, you and him are actually in agreement as I agree with you both. Everything you say is true, but so is what he says. He is opposing bailouts subsidies ect because corporations lobby our government to get laws passed in their favor at the expense of everyone else-just as you are saying. You're advocating that we should have bailed out the system without realizing why the system needed to be bailed out in the first place.

Everybody seems to forget or maybe not realize that the whole reason we ended up in this financial mess was the lobbying of banking industry folks like Phil Gramm to allow the laws to be changed that were in place prior to 2000 ( read: http://broken-government.com/?p=240 ). Had our government not changed the laws in place governing financial regulation in favor of the banks, none of this would have happened and we wouldn't have had to bail out the banks who lobbied for the laws in the first place.

So, you guys are essentially two sides of the same coin. Our crony 'elected' (Bush in 2000 & 2004 voting scandals anyone?) officials officially serving the deep pocket interests of multi-national corps are spending us, taxing us, and regulating us into oblivion. Every single piece of regulation/bill/law since the NEO-CONS (and yes, Obama is a neo-con) came in the late 90's have been pro Multi-Nat corp and anti-middle class/private enterprise from patriot bill, to stimulus, to bailouts, to obamacare, to the offshore regulations after BP, to bush tax cuts & their extension, FDA currently trying to destroy the supplement industry for big pharma, to two unneccessary wars. This can all be seen in the transfer of wealth the last 12 years and present day poverty levels. Bottom line, government and corporate lobbyist are engineering the economy through policy and law for the benefit of a few at the expense of everyone else.

How else could our elected officials do this?:

http://www.moneynews.com/InvestingAnalysis/Politicians-Abnormally-High-Stock/2011/05/25/id/397711

 

more on Solyndra

 

This story is truly disgusting. Do the eggheads that Obama hires have any clue about business? Looks like no

 

It has been amateur hour there from day 1.

 

They knew Solyndra was a money pit. Every evaluation of the company showed it to be a total failure. This fact just didn't matter when weighed against the opportunity to payback a campaign contributor and hold a press event. Those things are more important to the president than your money.

 

If only this were a McCain white house, right guys?

 

We'll be praying (atheists and theist alike) for McCain when freakin Rick Perry's in the White House.

 

Right? These guys are so far off the deep end it's no wonder the GOP is in the state it's in.

 

You are right that the Obama administration isn't blameless. I never once claimed they were. The problem is when people aren't really looking at the whole problem, and instead choose to go after the second administration that backed the firm.

It just smacks of partisanship when only administration is accused.

 

whatever

however this is bad because they gave the guarantee because they knew this guy. people defending the admin in the name of green energy are missing the point. there are other solar manufacturers. this guy knew obama and used his connection to prop up his terrible business model.

 

The GOP just won one of the bluest congressional district in the country (it had been Dem since 1923). Get out of your hole.

 

What hole would that be doctor? The one where the GOP has an approval rating of 18% and dropping in congress right now?

Your feigned outrage is duly noted but will have no affect on 2012.

Ah, just got back from a wonderful week of sun, vineyards and fishing on the North Fork of Long Island! Good to be home!

 

Executive department is running with the fewest amount of heads appointed of any presidential administration ever. Highest enough of undersec's and other positions being held up by the senate.

Not everything is black and white.

 

If the work was worth doing, it wouldn't need to be subsidized.

Yeah! like the space program and the internet.

 

We all know who invented the internet.

 

Yes we do. We all also know that Al Gore never once claimed to have invented the internet though he is partially responsible for bringing the internet to the public.

 

If you want to make that comparison to carbon dioxide free energy, it would be the government making papers and telephone more expensive to help ISP's survive.