Showing posts with label Solyndra. Show all posts
Showing posts with label Solyndra. Show all posts

2011-11-03

Republicans Want Answers - White House Subpoenaed

**FILE** An auction sign is shown outside the Fremont, Calif., headquarters for bankrupt solar company Solyndra headquarters on Oct. 31, 2011, before the auction on the following day. Solyndra received a $500 million loan guarantee from the government before filing for bankruptcy in September. (Associated Press)

The White House has now been subpoenaed for documents concerning Solyndra. Republicans want answers and democrats want to stall. Of course, the democrats are saying this is all premature and there is no reason for a subpoena.

Click title of post for full story.
Mr. Waxman, a past chairman of the House's chief investigative committee, said he issued many subpoenas, but never against a White House. He said he was always able to reach an agreement with administration lawyers instead, and said that’s what Republicans should try to do in this case.

Yes, but before there was a Republican in office.
The administration offered $535 million in loan guarantees to Solyndra, which borrowed $528 million. Documents the GOP has already obtained show approval was sped up despite the concerns of some officials. 
Solyndra went bankrupt in September.

There is a deadline for next Monday for the Energy Department to produce all of the documents.

2011-10-06

What's the Deal With Solyndra?

Washington Post

In a nutshell, Solyndra was a company that made some thin solar-cells that made up solar panels, and failed because it just could not compete in the free market with standard solar panels. The Obama administration is responsible for providing capital funds for this company and according to emails that have been recently released, the administration was considering forking even more tax-payer dollars into this company, despite warnings from the Solyndra auditors that they were failing -- miserably.

Sounds pretty bad, right? I think the big scandal here is the pure hypocrisy that the left has demonstrated. Isn't this type of "back rubbing" exactly what the demonrats democrats have constantly been screeching about when they bring up Republicans? Yet, this...this somehow is being totally swept under the rug. Shouldn't they be mad? I mean really, really, really mad? Guess not. How interesting.

So, now you know ANOTHER way to shut up a democrat.

Here's the other scandal:

The money that was intended (so we were told), to help create jobs to stimulate the economy, was given to a business that was poorly structured and clearly lacked longevity. If the private sector is not funding something, that should be clue number one to government officials that the business probably sucks. Our money was just wasted by the government in some risky scheme, yet these are the same folks that shout from the mountains if you suggest that people run their own retirement funds?

So, let me get this straight liberals, if the government takes your money and puts it into investing in companies doomed to fail, that's okay. If the government suggests that the individual have more control over the money they earned, that's wrong.

Again, these are the same people who have difficulty in understanding why we believe they are insane with mental disorders.

Click title of this post for article and here's another great one here.
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