Despite Solyndra "Scandal", DOE loans turn HUGE PROFITS!!

[The Rabbi]

Wait a minute.

You cannot count collected interest as profit.

First you need to tell me how much it costs this department to run, it's other expenses etc.

The problem is you can't do that because all the operating expenses are paid for by the tax payers.

Let me ask this: If you owned a business and a third party was paying all your expenses wouldn't you show a "profit" too?

Collected interest is profit if you're the one that made the loan.

He's talking net. You're talking nonsense.

 

[Skull Pilot]

Wait a minute.

You cannot count collected interest as profit.

First you need to tell me how much it costs this department to run, it's other expenses etc.

The problem is you can't do that because all the operating expenses are paid for by the tax payers.

Let me ask this: If you owned a business and a third party was paying all your expenses wouldn't you show a "profit" too?

Collected interest is profit if you're the one that made the loan.

No it's not. That is not unless you have absolutely no other overhead costs.

That is the problem comparing government revenue to profit. And since the government is running in the red and has been for decades the truth of the matter is that there is absolutely ZERO "profit"

Once again for a supposedly "rich" guy you demonstrate you utter business ignorance.