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The Phony Solyndra Scandal - 11/27/2011 12:13:24 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		If Brian Harrison and W. G. Stover, the two Solyndra executives who took the Fifth Amendment at a Congressional hearing on Friday, ever spend a day in jail, I’ll stand on my head in Times Square.

It’s not going to happen, for one simple reason: neither they, nor anyone else connected with Solyndra, have done anything remotely criminal. The company’s recent bankruptcy — which the Republicans are now rabidly “investigating” because Solyndra had the misfortune to receive a $535 million federally guaranteed loan from the Obama administration — was largely brought on by a stunning collapse in the price of solar panels over the past year or so.

Harrison and Stover are on the hot seat. Anything they say in their defense — even an off-hand remark — can and will be used against them. Their lawyers would be fools if they didn’t insist that their clients take the Fifth Amendment.

Do the Republicans know this? Of course. Do they care? Of course not. For an hour and a half on Friday morning, they peppered the two men with questions about this “taxpayer ripoff,” as Representative Fred Upton, a Michigan Republican, described it, knowing full well that Harrison and Stover would invoke their constitutional right to remain silent. Joe McCarthy would have been proud.

The purpose of the hearing — indeed, the point of manufacturing a Solyndra investigation in the first place — is to embarrass the president. That’s how Washington works in the modern age: the party out of power gins up phony scandals aimed at hurting the party in power.

Undoubtedly, the Solyndra “scandal” will draw a little blood: there are some embarrassing e-mails showing the White House pushing to get the deal done quickly so it could tout Solyndra’s green jobs as part of the stimulus package.

But if we could just stop playing gotcha for a second, we might realize that federal loan programs — especially loans for innovative energy technologies — virtually require the government to take risks the private sector won’t take. Indeed, risk-taking is what these programs are all about. Sometimes, the risks pay off. Other times, they don’t. It’s not a taxpayer ripoff if you don’t bat 1.000; on the contrary, a zero failure rate likely means that the program is too risk-averse. Thus, the real question the Solyndra case poses is this: Are the potential successes significant enough to negate the inevitable failures?

http://www.nytimes.com/2011/09/24/opinion/the-phony-solyndra-scandal.html?_r=2&emc=eta1

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RE: The Phony Solyndra Scandal - 11/27/2011 12:30:22 PM   
luckydawg


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Joined: 9/2/2009
Status: offline 		actually, the Obama administration pressured them to delay announcing layoffs till after the 2010 mid-term elections.....

You and the NYT seem to be leaving that part out.



It is a standard partisan Democrat trick to try to misdefine what the scandal is so you can argue it is not a scandal.

Rather intellectually dishonest though.

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RE: The Phony Solyndra Scandal - 11/27/2011 12:32:34 PM   
willbeurdaddy


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quote:

ORIGINAL: luckydawg

actually, the Obama administration pressured them to delay announcing layoffs till after the 2010 mid-term elections.....

You and the NYT seem to be leaving that part out.



It is a standard partisan Democrat trick to try to misdefine what the scandal is so you can argue it is not a scandal.

Rather intellectually dishonest though.



Why should this post be any different?

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RE: The Phony Solyndra Scandal - 11/27/2011 12:32:40 PM   
MasterSlaveLA


Posts: 3991
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Baroccoli O'Liar and his joke of a CRONY administration are scum-bags who lost taxpayers $500 MILLION DOLLARS!!!
 
-----
 
Facts eclipse Solyndra excuses

On Friday, Solyndra execs Brian Harrison and Bill Stover invoked their Fifth Amendment right against self-incrimination. They refused to answer questions at a hearing of the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations, which is investigating a $528 million federal loan guarantee that the Obama administration granted to their solar manufacturing company in 2009. On Aug. 31, the company filed for bankruptcy and laid off most of its 1,100 workers. A week later, the FBI raided the company's Fremont, Calif., headquarters and Harrison's home.

Rep. Cliff Stearns, R-Fla., the chairman of the subcommittee, said the hearing wanted to discern, "What did they know (about their financial situation), and when did they know it?"

Though some committee members urged the two suits to ignore their lawyers' advice and answer questions -- one Republican even suggested that their failure to talk suggested guilt -- I thought the execs did the smart thing. Harrison and Stover have nothing to gain by talking, because there's no good way to explain how they blew close to a half-billion in taxpayer money.

Besides, they didn't need to talk when committee Democrats were so willing to toss around a few mitigating factors, such as:


* Excuse No. 1: New technology startups, by definition, are risky ventures.

Problem: Solyndra engaged in profligate behavior. A Washington Post story describes the spending spree that followed the Department of Energy loan guarantee -- new factory, state-of-the-art conference room, lobbying bills that grew from $160,000 in 2008 to $550,000 last year. Within a week of winning the first loan guarantee, Solyndra went back to the Department of Energy for another $400 million (which never was approved).


* Excuse No. 2: Rep. Diana DeGette, D-Colo., claimed that both the George W. Bush and Obama administrations "supported Solyndra's loan guarantee application."

Problem: In its final month, the Bush Department of Energy credit committee voted against a loan guarantee for Solyndra.

It was the Obama White House that pushed for early conditional approval of a Solyndra deal, despite an Office of Management and Budget staffer's warning that "this deal is not ready for prime time." Also, the Obama White House embraced Solyndra with unprecedented support so that the company, which never had turned a profit, had a U.S. president, vice president and energy secretary at its high-publicity events.


* Excuse No. 3: Private investors sank $1 billion into Solyndra, more than taxpayers. They must have had good reason.

Problem: Venture capitalists gambled with money from willing investors, not taxpayers. And when Solyndra was in desperate need of cash, the administration agreed to a deal that, in the event of default, put the private investors ahead of taxpayers for a $75 million loan.


* Excuse No. 4: Blame China, which heavily subsidizes the solar industry.

Problem: Do Democrats think that Americans want to compete with China and bankroll more Solyndras?


* Excuse No. 5: Claim the administration embraced Solyndra for science. Rep. Henry Waxman, D-Calif., railed at Friday's hearing, "We need to face reality and stop denying science."

Problem: Democrats can't escape the math.


http://www.ocregister.com/articles/solyndra-319113-loan-problem.html


 

< Message edited by MasterSlaveLA -- 11/27/2011 12:59:22 PM >

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RE: The Phony Solyndra Scandal - 11/27/2011 12:33:18 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

ORIGINAL: luckydawg

actually, the Obama administration pressured them to delay announcing layoffs till after the 2010 mid-term elections.....

You and the NYT seem to be leaving that part out.



It is a standard partisan Democrat trick to try to misdefine what the scandal is so you can argue it is not a scandal.

Rather intellectually dishonest though.


I left that part out?

Where did I say I agreed or disagreed with the OP?

_____________________________

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Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: The Phony Solyndra Scandal - 11/27/2011 12:34:49 PM   
ArizonaBossMan


Posts: 380
Joined: 2/9/2011
Status: offline 		It depends on what the meaning of "is" is. Ah to be a leftist! All you have to do is dream up crap and it's true. Years of drug use will do that.

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RE: The Phony Solyndra Scandal - 11/27/2011 12:35:04 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline 		the return on investment for contributors/bundlers to the Obama campaign in the form of loan guarantees and outright subsidies is 10,000:1

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RE: The Phony Solyndra Scandal - 11/27/2011 12:35:34 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		lol

this is so damn funny!

lucky, at this moment, you are the only one i can see!

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: The Phony Solyndra Scandal - 11/27/2011 12:38:14 PM   
luckydawg


Posts: 2448
Joined: 9/2/2009
Status: offline
quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: luckydawg

actually, the Obama administration pressured them to delay announcing layoffs till after the 2010 mid-term elections.....

You and the NYT seem to be leaving that part out.



It is a standard partisan Democrat trick to try to misdefine what the scandal is so you can argue it is not a scandal.

Rather intellectually dishonest though.


I left that part out?

Where did I say I agreed or disagreed with the OP?



The feigning ignorance while unleashing a barrage of questions is also intellectually dishonest.



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RE: The Phony Solyndra Scandal - 11/27/2011 12:42:54 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Perhaps instead of assuming, you could ask why I posted it.

But, thats ok, I will tell ya.

2 reasons

I do believe the article is right... and there is nothing the GOP can do besides smear Obama with it. Did the Administration tell them not to announce the lay offs? Would not surprise me in the least. But, where is that illegal?

I knew it would drive the conservative members on these boards nuts.

That was the best part.

I just didnt realize the rush to whine would be so immediate

< Message edited by tazzygirl -- 11/27/2011 12:43:30 PM >

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to luckydawg)
Profile   Post #: 10
RE: The Phony Solyndra Scandal - 11/27/2011 12:47:28 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: luckydawg


quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: luckydawg

actually, the Obama administration pressured them to delay announcing layoffs till after the 2010 mid-term elections.....

You and the NYT seem to be leaving that part out.



It is a standard partisan Democrat trick to try to misdefine what the scandal is so you can argue it is not a scandal.

Rather intellectually dishonest though.


I left that part out?

Where did I say I agreed or disagreed with the OP?



The feigning ignorance while unleashing a barrage of questions is also intellectually dishonest.




SOP. Post something she believes and pretend she's neutral and it was for information and discussion.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

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RE: The Phony Solyndra Scandal - 11/27/2011 12:47:39 PM   
MasterSlaveLA


Posts: 3991
Status: offline
quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: luckydawg

actually, the Obama administration pressured them to delay announcing layoffs till after the 2010 mid-term elections.....

You and the NYT seem to be leaving that part out.



It is a standard partisan Democrat trick to try to misdefine what the scandal is so you can argue it is not a scandal.

Rather intellectually dishonest though.


I left that part out?

Where did I say I agreed or disagreed with the OP?



This is that poster's modus operandi, LuckyDawg... notice how that poster posts things, then claims, "Where did I say I agreed or disagreed", but then DEFENDS the positions of the things posted to the bitter end!!!  So yes, it's intellectually dishonest and then some!!!

Challenge the poster to PUT UP OR SHUT UP... "DO YOU AGREE OR DISAGREE WITH THE OP?!!", then watch the squirming begin.

 LOL



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RE: The Phony Solyndra Scandal - 11/27/2011 12:50:34 PM   
luckydawg


Posts: 2448
Joined: 9/2/2009
Status: offline 		"its not illegal" is what your going with.....


But we do get to see what they hyper supporters of OWS really think about the GOvernemnt having a tight relationship with corparations, giving them cash in exchange for help getting elected.

What you OWSies really think about Corparate Welfare.

THanks

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RE: The Phony Solyndra Scandal - 11/27/2011 12:52:17 PM   
MasterSlaveLA


Posts: 3991
Status: offline
quote:

ORIGINAL: tazzygirl


Where did I say I agreed or disagreed with the OP?




quote:

ORIGINAL: tazzygirl

I do believe the article is right...




Oh surprise-surprise.  Just as predicted ! ! !





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RE: The Phony Solyndra Scandal - 11/27/2011 1:01:50 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

"its not illegal" is what your going with.....


But we do get to see what they hyper supporters of OWS really think about the GOvernemnt having a tight relationship with corparations, giving them cash in exchange for help getting elected.

What you OWSies really think about Corparate Welfare.

THanks


There isnt a single one who holds office who wouldnt have done the same thing. You are mistaking understanding the nasty side of politics with me supporting it... and nothing could be farther from the truth.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: The Phony Solyndra Scandal - 11/27/2011 1:13:14 PM   
luckydawg


Posts: 2448
Joined: 9/2/2009
Status: offline 		Bullshit Tazzy, Bush turned down Solyandras loan request.


We have you on record as supporting lying aboutt what the scandal is, in an attempt to misdefine as not actually a scandal.


If you want to pretend that is OWS approved, go for it.

The vast majority of America knows that it is is.





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RE: The Phony Solyndra Scandal - 11/27/2011 1:15:02 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Hell, we all know what it was.. a loan.


_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to luckydawg)
Profile   Post #: 17
RE: The Phony Solyndra Scandal - 11/27/2011 1:15:08 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: luckydawg

Bullshit Tazzy, Bush turned down Solyandras loan request.


We have you on record as supporting lying aboutt what the scandal is, in an attempt to misdefine as not actually a scandal.


If you want to pretend that is OWS approved, go for it.

The vast majority of America knows that it is is.






I think you meant that its OEC approved.

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RE: The Phony Solyndra Scandal - 11/27/2011 1:18:55 PM   
Lucylastic


Posts: 40310
Status: offline 		we have him on record saying its OWS so no, he means OWS


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RE: The Phony Solyndra Scandal - 11/27/2011 1:19:57 PM   
luckydawg


Posts: 2448
Joined: 9/2/2009
Status: offline 		A loan that is not getting paid back, while the executives walk away with wheelbarrows full of cash, in exchange for manipulating Market data to help Democrats win elections and contributions to Obamas campaign.

<whines> "But its not actually illegal...."

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