Obama's $535,000,000 Waist Of Tax Payers Money

[SirClintonPortis]

Perhaps I should start a separate thread, but I will mention that taxes are not the only way government funds itself. The other most common way is to issue government bonds.

This is intended as a FYI; if you already know about this stuff, then you can ignore what I say.

Also, so long as this country remains politically divided, so will this country not go totally down the toilet because there will be some sense of accountability. The only ideal that matters is maintaining accountability. Should either party and their ragtag bunch of supporters "win" and become the rulers, prepare for the end.

[firstdown]

By the way my waste is 34?

[firstdown]

So now the Gov. is buying $16 muffins and $10 cups of coffee but there is good news. At least we did not loan the Coffee shop 1/2 billion dollars and then turn around and pay that much for coffee and muffins. Maybe there is hope.

Government cost-overruns: $16 muffins, $8 coffee - US news - Life - msnbc.com

[saden1]

I have no problem with the government lending money because government loans have made America what it is. From small business to large America has always lent its support to entrepreneurs I hope it continues.

What I do have a problem with is the lending of money without oversight and controls in place. In the case of Solyndra that wasn't an issue because the analysts advised against making the loan. This debacle is a colossal failure in governance on the part of the Obama administration. It may not have been not have been willful but it certainly was negligent.

I am left to ask why lend that large sum of money to one start-up company? Why not spread the money to various companies and mitigate the risk? And the only logical answer is that the decision was political. This is going to be a huge issue for Obama to wiggle out and I hope we will have answers as to what really happened.


TT Fail!

[12thMan]

Originally Posted by saden1

I have no problem with the government lending money because government loans have made America what it is. From small business to large America has always lent its support to entrepreneurs I hope it continues.

What I do have a problem with is the lending of money without oversight and controls in place. In the case of Solyndra that wasn't an issue because the analysts advised against making the loan. This debacle is a colossal failure in governance on the part of the Obama administration. It may not have been not have been willful but it certainly was negligent.

I am left to ask why lend that large sum of money to one start-up company? Why not spread the money to various companies and mitigate the risk? And the only logical answer is that the decision was political. This is going to be a huge issue for Obama to wiggle out and I hope we will have answers as to what really happened.


TT Fail!

There are other loans still in the pipeline to be approved under this program, Solyndra was simply the first to get approved. In fact they started the competitive application process back in 2006 under the Bush admin, but they saw the red flags and said no thanks. So they didn't just pop up in 2010 and ask for half a billion. I agree with you, however, that this reeks of negligence.

Someone in the government should come forth with more answers about the vetting process and why were the red flags ignored. But my personal opinion is the political fallout for the Obama admin. will be minimal. Unless the president was directly involved, laws were broken or there were back-door agreements, I don't see it being a huge campaign issue. It might come up in a debate here and there, but people are mostly focused on the big issues of the day. We'll see I guess.

[saden1]

Originally Posted by 12thMan

There are other loans still in the pipeline to be approved under this program, Solyndra was simply the first to get approved. In fact they started the competitive application process back in 2006 under the Bush admin, but they saw the red flags and said no thanks. So they didn't just pop up in 2010 and ask for half a billion. I agree with you, however, that this reeks of negligence.

Someone in the government should come forth with more answers about the vetting process and why were the red flags ignored. But my personal opinion is the political fallout for the Obama admin. will be minimal. Unless the president was directly involved, laws were broken or there were back-door agreements, I don't see it being a huge campaign issue. It might come up in a debate here and there, but people are mostly focused on the big issues of the day. We'll see I guess.

Ignorance on the part of Obama is no defense and at the end of the day it's another stain on his record. Of course it won't help the Republican candidate as much as it could have due to thier idiotic support for giving no strings attached money to the highly profitable oil industry.

[firstdown]

Originally Posted by 12thMan

There are other loans still in the pipeline to be approved under this program, Solyndra was simply the first to get approved. In fact they started the competitive application process back in 2006 under the Bush admin, but they saw the red flags and said no thanks. So they didn't just pop up in 2010 and ask for half a billion. I agree with you, however, that this reeks of negligence.

Someone in the government should come forth with more answers about the vetting process and why were the red flags ignored. But my personal opinion is the political fallout for the Obama admin. will be minimal. Unless the president was directly involved, laws were broken or there were back-door agreements, I don't see it being a huge campaign issue. It might come up in a debate here and there, but people are mostly focused on the big issues of the day. We'll see I guess.

First thing highlighted

You really need some one to come foward and explain this?

They donated to Obams. Check
They had a green company. Check
Obama need his poster company. Check
Obama OK's 535million. "Check"


Second thing highlighted.

"People are focused on the bigger issues"

Thats what will do him in.

[firstdown]

Originally Posted by 12thMan

There are other loans still in the pipeline to be approved under this program, Solyndra was simply the first to get approved. In fact they started the competitive application process back in 2006 under the Bush admin, but they saw the red flags and said no thanks. So they didn't just pop up in 2010 and ask for half a billion. I agree with you, however, that this reeks of negligence.

Someone in the government should come forth with more answers about the vetting process and why were the red flags ignored. But my personal opinion is the political fallout for the Obama admin. will be minimal. Unless the president was directly involved, laws were broken or there were back-door agreements, I don't see it being a huge campaign issue. It might come up in a debate here and there, but people are mostly focused on the big issues of the day. We'll see I guess.

Maybe they can invest in Lightsquare along with George Soros? You know the phone system the Obam admin. approved that interfers with the millitarys GPS system. This is getting too easy.

Soros turns up in Obama's LightSquared imbroglio | Campaign 2012

[dmek25]

nice saden....ants are a horrible thing ya know?

[SBXVII]

NATO Claims Killing Of Afghan Commander Linked To Deadly U.S. Helicopter Downing | Fox News

Perhaps now we can have "Peacefull" negotiations.

[Beemnseven]

Originally Posted by SBXVII

NATO Claims Killing Of Afghan Commander Linked To Deadly U.S. Helicopter Downing | Fox News

Perhaps now we can have "Peacefull" negotiations.

No, because the family of the Afghan commander or the troops who were loyal to him will only seek revenge and kill more American servicemen in retaliation.

Then, Leon Panetta will stand before a podium and tell us that these actions will not go unpunished, that this is the reason we will never give up, and that we have to keep fighting. So we'll send more drones; kill more of their people, . . . and then the sons, daughters, nephews and neices of the Afghans that we turned into a pink mist will seek vengeance . . . on and on it goes.

So there's the cycle. It will never end until somebody finally realizes that the only way for the killing to stop is for us to go the hell home. Which is precisely the same point we'd be making to them if their helicopters, drones and troops were over here.

[SBXVII]

Definitly need to cut back on Social Security for these types of things.

Obama Administration Building New Drone Bases In Horn Of Africa, Arabian Peninsula | Fox News

[firstdown]

These green projects of Obama are costing the Tax Payers a bunch of green. Another 43 million wasted on a corp that is now going bankrupt.

Beacon Power goes bankrupt despite federal, state support - BostonHerald.com