ABC News, the LA Times, and even the GAO/FBI are now starting to investigate this scam. How much money of this failed business ended back up to Democrats for 2012?
This is deeply concerning. It could easily be a scandal that brings down the administration or it could just be a plain old hopelessly stupid move on Obama's part. I mean, I admire him wanting to invest in alternative energy, but this was at best a haphazard way of going about it.
It is deeply concerning, but maybe not for the reasons you think. The actual issue is that the Chinese out-subsidied us on solar energy. In addition to loan guarantees like what was provided to Solyndra (China loaned $30 billion to solar power companies in 2010), the Chinese government also paid 50% of the cost of any solar installation. Now, maybe you think that's ok. Let the Chinese build solar cells. We can use the tax dollars we save by not subsidizing the US solar industry to buy solar cells from the Chinese, perhaps. As for it being a "scam", barfo
HA! Won't even waste time on that barfoism. That trap is failing you these days. This incident is worthy of a full investigation. That's clear. It may just be Obama bumbling stupidity or it may be something much deeper. But it's worth getting to the bottom of. When this much taxpayer money is given away in the absence of oversight or accountability, margin calls. It's the proper thing to do.
I'm not opposed to a full investigation. Let them chips fall where they may. So far I haven't seen any evidence of wrongdoing, but maybe you'll be lucky and there will be something discovered. barfo
Actually, I'm not hoping to find something that topples the government, but when either side is handling tax payer money like this, there needs to be accountability. It's not a left ot right thing, but the proper thing to do.
I'm all for this. Just like I was all for an investigation into the corrupt Bush administration and the billions upon billions that was lost, as well as evidence of the war in Iraq. But noooo.... Dems are too pussy to bring any type of investigation. Good for the right. Unfortunately, they wouldn't touch this with a 10 foot pole if it was a Republican president. Just politics as usual.
I agree that the government should not take risks. It should internalize development of solar energy. Government agencies, not corporations, should do this. If those 1100 laid-off employees had been Federal employees, their agency would still be in business and they would still have jobs. The corporate loss would simply be called a cost overrun. This never happened in the Bush administration. Of the hundreds of subsidized companies, not one ever went bankrupt. At least, the controlled media didn't tell us about it. Halliburton got tens of billions in no-competition contracts. Weren't a lot of people howling about investigating Halliburton? You know--the company that employed the top Bush cabinet members before Bush became President. With overruns automatically covered, Halliburton is healthier than ever. The fact that no subsidized company was allowed to go under during the Bush era proves what a good lender he was. Zero out of hundreds. Impressive.
"Bush did it too" and "Halliburton". These seem to be the only arguments left for the Hopey Changies.
