I think liberals are having trouble connecting the dots with Solyndra. Shall we lend a helping hand?

Question

2009, Obama, Pelosi and Reid force on America the Mother of All Stimulus Packages.

2009, Solyndra applies for grants (not loans) under the ARRA.
2009, Solyndra applies for loan guarantees.
2009, Obama and Biden visit Solyndra to make campaign speeches.

All moneys transferred from the government to the company REQUIRED audited financial statements.

Since Solyndra is a publicly traded company, both the CEO and the CFO were required to not only sign the financial statements but also write a statement as to their accuracy.

The CEO and the CFO are now being investigated by the FBI as a direct result.

(Hint: this cannot happen unless there is suspicion of CRIMINAL conduct, not just bankruptcy. That means securities fraud, fraudulent financial statements, or misuse of $$ given by the government. This is not rocket science, folks. Obama was duped by the same trick used by Enron.)

Answer 1

I think conservatives are desperate to portray the collapse of Solyndra as equivalent to the collapse of Enron. I think conservatives are willing to exaggerate and overlook certain facts in order to make Solyndra look as politically embarrassing for Obama as Enron was for Bush.



Edit: Enron went bankrupt in 2001, after Bush was sworn in as president.

Answer 2

Yes, let's help:

May 2005: as a global silicon shortage begins driving up prices of solar photovoltaics, Solyndra is founded to provide a cost-competitive alternative to silicon-based panels.



July 2005: The Bush administration signs the Energy Policy Act of 2005 into law, creating the 1703 loan guarantee program.



December 2006: Solyndra applies for a loan guarantee under the 1703 program.



Late 2007: Loan guarantee program is funded. Solyndra was one of 16 clean-tech companies deemed ready to move forward in the due diligence process. The Bush administration DOE moves forward to develop a conditional commitment.



October 2008: Then Solyndra CEO Chris Gronet touted reasons for building in Silicon Valley and noted that the "company's second factory also will be built in Fremont, since a Department of Energy loan guarantee mandates a U.S. location."



November 2008: Silicon prices remain very high on the spot market, making non-silicon based thin film technologies like Solyndra's very attractive to investors. Solyndra also benefits from having very low installation costs. The company raises $144 million from ten different venture investors, including the Walton-family run Madrone Capital Partners. This brings total private investment to more than $450 million to date.



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.

Answer 3

Well it is pretty complicated: A pie-in-the-sky "green energy" dream can't get risk capital, since investors don't see the potential return given the risk assumed. So O steps in and forks over $500 plus million of other people's money. Company goes **** up, to the surprise of exactly zero reasonably intelligent people who have a grasp of basic economics.



Now can't you appreciate the complexity of the failure of this "green energy" boondoggle called Solyndra?



And a special hats off to Chewy for bringing up Enron. Ken Lay went hat in hand to Bush for some help and Bush said no. And I am the farthest thing from a Comrade Bush supporter you will ever find. Chewy is just following orders, trying to portray this is yet another "Blame Bush" episode.

Answer 4

You forgot this. "in comparison with previous projections, our revised base case state of affairs now assumes that the 2001 and 2003 tax cuts, by way of run out by potential of the tip of 2012, proceed to be in place. we've replaced our assumption in this because of the fact the final public of Republicans in Congress proceed to stand as much as any degree that would desire to strengthen sales, a place we have confidence Congress strengthened by potential of passing the act. Key macroeconomic assumptions in the backside case state of affairs comprise trend actual GDP growth of three% and client cost inflation close to 2% each year over the decade."

Answer 5

What dots - they are being investigated, there is no cover up and there is no "Kenny-boy" relationship with Obama's family flying around in their private jets like Enron did for the Bush's.



Your dots, henny, are scattered and your line obtuse - please try findung Waldo instead

Answer 6

And don't forget, the Bush admin. rejected the loan guarantee in January because it was estimated the company would be insolvent by September 2011. The following March, the Obama admin. approved the loan. Sept. 8, 2011 the FBI raids Solyndra.

Answer 7

Is this the green energy company that went out of business.



Gee, no company ever went out of business before did it? Maybe he should give them 700 billion dollars like Bush did.

Answer 8

I can't believe you're drinking alcohol this early in the morning.

Answer 9

i wonder why nbc will not report on this

Answer 10

It won't make any difference.



If a liberal sees a fact that has been proven they become illiterate and say that's not true.





Funny how it is and they refuse to admit it.