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But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.
But putting private investors ahead of taxpayers happened in 2011 under the oversight of the GOP.And in 2011 House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) had oversight of the DOE!
The Obama Managed DOE has a long pattern of subverting Congress. Congress refused to pass Cap & Trade, so it is doing so via regulation. Unless you have any evidence that this loan was submitted prior to approval for Congressional sign off, you are just playing with smoke and mirrors...and a time machine. The loans were made in 2009, not 2011.
I heard on the radio that it cost this company $6 to make the product yet they sold it for $3!!! Only a liberal could like that business model!
The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.
Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.
But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.
The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.
Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.
Link?
I already posted the link in this thread. Why didn't you ask oldstyle to post a link showing the BUSH administration said no to the loan the BUSH administration requested approval on?The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.
Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.
Link?
This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.
I already posted the link in this thread. Why didn't you ask oldstyle to post a link showing the BUSH administration said no to the loan the BUSH administration requested approval on?The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.
Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.
Link?
Bush admin pushed Solyndra loan guarantee for two years | Grist
January 2009: In an effort to show it has done something to support renewable energy, the Bush administration tries to take Solyndra before a DOE credit review committee just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.
I already posted the link in this thread. Why didn't you ask oldstyle to post a link showing the BUSH administration said no to the loan the BUSH administration requested approval on?The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.
Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.
Link?
Bush admin pushed Solyndra loan guarantee for two years | Grist
January 2009: In an effort to show it has done something to support renewable energy, the Bush administration tries to take Solyndra before a DOE credit review committee just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.
No, the GOP DID prevent competition by not SUPPORTING American competition against China!!!But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.
Oh NOEESSS!!11!!!!!!!
The EVUL GOP did not prevent COMPETITION!
But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.
That is pure BULLSHIT!except it wasn't only Kaiser who the GOP, who had taken over the oversight committees in 2011, moved ahead of the taxpayers. The Walton family through their Madrone Capital Partners investment firm were part of the same deal. The Waltons contribute MILLIONS to the GOP.
Are you trying to say that it was the GOP that did this? Sorry, Ed but you've lost me with that one. The Bush Administration looked at Solyndra...didn't like the numbers and wouldn't give them a loan guarantee. That was happening two weeks before Obama took office. It was Obama that made Solyndra his "poster child" for green energy jobs. Kaiser was wearing out a path into the White House to see Obama's people not Bush's. Bush's people had already said no...which is what Obama's people SHOULD have done. Unfortunately for us...anything with "Green" in front of it is irresistible to Barry.
The BUSH administration LOVED the loan and tried to get it approved before Obama took office. It was non BUSH administration people on the DOE credit committee who said NO to the BUSH administration loan request.
Just like the killing of Osama, the BUSH administration is trying to take credit for other people's work.
But that was not the case when the loan was approved. The price dropped because the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent. The Chinese recognized the value of solar energy production and proceeded to take over the market. The GOP let them do it without a fight!This really is a perfect example of Crony Capitalism. The Obamites loaned taxpayer money to a company (that everyone knew would fail) simply because it fit their narrative of "Green Jobs". They make a product that sells for less than it costs to make! Maybe in a liberal utopia that plan works? Here in the real world, nobody would lend these people a dime. Obama and his team are economic nincompoops.
With all due respect, you don't know what you are talking about. The Solyndra products were never competitive with standard PV modules or even thin film PV - whether manufactured in the US or in China. They were the industrial equivalents of Narcissus, staring at their reflections and seeing only a beautiful product. Never once considering the economic realities that were involved. The price of installed Solar is essentially the same now as it was 2 years ago when the nincompoops approved the loans. I have personally installed and sold Industrial PV systems for the past 5 years. My Company has priced out the Solyndra system numerous times and they are always 30-40% higher installed cost to the customer than other systems. Uni-solar is manufactured in Michigan and is a thin film PV- it costs 25% less that the price of Solyndra- and that's after Solyndra discounted their price to less than cost. Sell crazy somewhere else.....
