quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: MrRodgers

Illuminating it is when we know beyond doubt that Romney would have let GM go bankrupt (so would have I). First that concept points up the instinct of the capitalist to favor one sector of industry over another, his (no it doesn't...it points up profitable companies that can pay their bills), the easiest without regard to anything but profit and from doing nothing more than selling new paper (no...making cars...profitably without giving away the store to people who never invested a fucking dime in same). This is all instinctively as a matter of culture, the capitalist culture (correct), conceptualized without a single concern for any employees, suppliers or society at large (almost entirely incorrect).

Wall street provides intellectual services, thoughts but ideas. It builds no products and deals exclusively in paper.

Yep....and by the way...that paper is generally green.

Wall street for which of course every capitalist favored a bailout (not every capitalist...just those whose dicks were about to be cut into tiny little shreds), is a paper-industry hardly serving society or to the tune of anything like $trillions (entirely false). Romney apparently feels that the corp. need not serve society (indeed, he feels exactly that it should serve society. Without "society" {buying shit} his business concepts die on the vine)...only investors (so, allow me to ask a really fucking stupid question: You buy a house and {before 2006} it went up in value. A bum living on the street corner comes up to you and says "HEY!!! MISTER!!!!! I'm fucking hungry and you made $210,000.00 in the last 3 years on your house....I'm JUST as American as you....I should get AT LEAST a third of that!".....and you'd say_________________? Hmmmmmm?....but wait....he didn't invest anything AT ALL...he only took from society....kind of like the workers that got paid.....quite well....for their efforts....you gonna give this guy 70 grand???????.....Riiiiiight....I thought not) . In GM's bailout, there was no way for him to make money on the deal, so let it die.

Fuckin A.

Not only did the great and glorious so-called capitalist free market refuse to be either a chapter 7 or 11 debtor-in-financing, but that would have been too much like a real job... actually turning around a huge enterprise like GM. So rather than the risk taking, job-creator, on the contrary, once again the capitalist (Romney) is a carpet-bagger, seeks the profit from the least resistance and practices as an American job-killer. IF their paper is no good let it die. Exactly....you're coming around....you might just make it here kiddo. Govt. should not act as financier and do what we wouldn't...make money on new paper.

By Jove I think you have it!

How many jobs did wall street save...create ? Millions. Wall street is a net job destroyer when going to Asia or off shore, your stock goes up. Stop buying from WalMart, Target or damn near any other store if you're truly that concerned. When layoffs are announced, often stocks of the companies...go up. Righto...that's because profits rise, ergo, investors earn value on their investment. If you stopped buying shit that they make in China....their stock would go down. That's how it works Ernie....it's actually pretty fucking simple math. Let me know if you need any help making any other insightful correlations but, so far, you're doing just fine. The incentives on wall street do not serve society. At least some corp. incentives still require a few American workers. The day you convince everyone you know to buy "only American made"...a fuckload more American jobs will jump out in front of you so fast, you'll choke on the dust. Quit bitching about those with money. When you have some (more importantly, enough to invest in creating actual jobs), you'll be stunned how quickly your thinking revolves around preserving yours...and much less on bitching about "theirs".

Look, society through law, grants special powers to the corporation (public & private) and in exchange the corp. is to be a good 'corporate citizen' and to a very large degree, serve society. Says who? I thought businesses were supposed to make a profit. (What the fuck do I know?).

I have a responsibility to you (or anyone) to make you feel good....just because I sell a product? Fuck you.

Corporations, investment 'banking' among other means of turning paper into money and all of those current $tillions in profits, do not serve society at all, only the investor class. That is correct. (By the way...what the hell is a "tillion"?)

They are in fact a drag on society requiring in total...a far larger 'safety-net' than ever was extended to AFDC, (people) yes, a golden net it was, when you are called upon by govt. to pay it.

Suuuuuure. Now, let's see how many cars, houses, shirts or books you can buy without credit.....the shit those big bad assholes provide for you.

Enter Romney as pres. Just what industry do you think will be practically and literally king on his list ?

I'm guessing (and it's just a guess)....those that don't lose money.

Shall I buy the domain name www.Government-Sachs.XXX ? Oh what was I thinking, that's gone already.

Actually...it's not at all: http://www.whois.net/whois/Government-Sachs.com

Enjoy your lack of understanding.

(One of these days...read a fucking book).

I rest my case, almost a complete misnomer rarely on point or a distinct and obvious failure on your part to explain really, any your ridiculous postulations.

The insults are mere pablum.

quote:

ORIGINAL: tazzygirl

Plus they did make a 355 million dollar building. That money went to contractors, developers, builders, suppliers and taxes went to the community.

quote:


.. I wonder if you could say the same about Soylandra..

quote:

Kana. Very observant of you to see that the Solyndra gift beneffited someone politically. That someone was Obama. He got a photo op and the taxpayers are out 535 million dollars.

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tazzygirl

Plus they did make a 355 million dollar building. That money went to contractors, developers, builders, suppliers and taxes went to the community.

Taz...quit dealing with actual facts....you're confusing people.

quote:

ORIGINAL: SternSkipper

quote:


.. I wonder if you could say the same about Soylandra..

I think the correct comparison in terms of dollar amounts would utilize words PEANUTS.
Sure the Obama administration probably bonered on that one. But compared to the 1/2 - 3/4 TRILLION dollar boners, they have been pretty fucking small.

quote:

how many boners dont taxpayers even know about? Sure in comparison it wasnt as big a wash out of taxpayer dollars as an illegal war and such.. but, they all add up, dont they?

quote:

ORIGINAL: SternSkipper

quote:

how many boners dont taxpayers even know about? Sure in comparison it wasnt as big a wash out of taxpayer dollars as an illegal war and such.. but, they all add up, dont they?

Yep and they will add up to far less this administration. I am not denying that ANYONE doling out cash in DC is anxious to keep it as low profile as possible. But dring the [previous decade we saw HEINOUS ABUSES... Like naming Halliburton the SOLE General contractor of two wars in a no-bid decision how many trillions got laundered out of the economy that way? And when the general public expressed outrage at a VP who had chaired the board and then later cut the deal, we were met with "How dare you?".
   We should have kicked in the doors of the Old executive office building and dragged him off to the pillaries or something really blue blood for that audacity.

I'm SternSkipper and I approve this post... Oh, and that little wiggly nipple thing in your avatar too.[:D]

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tazzygirl

Plus they did make a 355 million dollar building. That money went to contractors, developers, builders, suppliers and taxes went to the community.

Taz...quit dealing with actual facts....you're confusing people.

lol As I recall the time line,.. the govt gave them the bucks when they were just about to declare bankruptcy.. the money was already spent well before and all the govt loan did was to pay back the bankers (not to new job creation).. the govt.. I mean taxpayers.. were duped on that one, majorly..

Someone also posted once before (a few months ago) that whe the Rs were in power, the Soylandra guarantee was turned down flat.. it was a loser years before and by the time Obama stupidly gave them the bucks,.. they were the walking dead..

quote:

House Republicans investigating Solyndra have claimed that the Bush administration ultimately rejected the Solyndra loan, but that's not quite the case. Democrats on the House Energy and Commerce Committee and news media point out that Bush energy officials wanted to get the loan closed on their way out the door — it was listed as the first of their "three highest priorities through January 15." (Obama took office Jan. 20, 2009.) But the Energy Department's credit committee held things up for more analysis.

"The number of issues unresolved makes a recommendation for approval premature at this time. Therefore, the committee, without prejudice, remands the project to the LGPO [Loan Guarantee Program Office] for further development of information," the committee said.

It noted Solyndra's project "appears to have merit." But the clock had run out.

That didn't keep Bush from touting the loan guarantee program on his way out of office. On Jan. 6, 2009, in remarks on conservation and the environment from the Eisenhower Executive Office Building, he said, "We dedicated more than $18 billion to developing clean and efficient technologies like biofuels, advanced batteries and hydrogen fuel cells, solar and wind power, and clean, safe nuclear power. We're providing more than $40 billion in loan guarantees to put these technologies to use."

Ultimately, the Bush administration program didn't finalize a single loan guarantee.

quote:

The company's December 2006 pre-application was enough to vault it into a group of 16 applicants invited to submit full applications in 2007. By early January 2009, Solyndra's file had been reviewed by the department's credit committee and returned with a request for further analysis. On Jan. 15, the loan program office said "due diligence" for the Solyndra loan was scheduled to be complete by March 2009. The money was going to build a gleaming new factory in Fremont, Calif.


Obama took office Jan. 20, 2009, and one of his first legislative achievements was a major economic stimulus package. The administration pushed to finish the $535 million loan for Solyndra so it could tout the company as a poster child of the stimulus — construction jobs plus a boost to American green energy. Solyndra got the loan Sept. 3, 2009.

As recently as 2010, the company was hailed as a Silicon Valley superstar, ranked a top clean-tech company by the Wall Street Journal and one of the "World's 50 Most Innovative Companies" by a Massachusetts Institute of Technology magazine.

But subsidized Chinese solar panels got even cheaper as the price of silicon plummeted — along with Solyndra's chances for becoming profitable. Red flags multiplied by February 2011, and the government restructured the loan to rescue the factory project.

quote:

ORIGINAL: tazzygirl
Plus the did make a 355 million dollar building. That money went to contractors, developers, builders, suppliers and taxes went to the community.

quote:

ORIGINAL: servantforuse
Kana. Very observant of you to see that the Solyndra gift benefited someone politically. That someone was Obama. He got a photo op and the taxpayers are out 535 million dollars.

quote:

ORIGINAL: Owner59
The man took on the worst economy since the great depression(which you cons delivered) and he`s turning it around.

quote:

Not to sound snide, but by Govt standards, 355 mil ain't shit. These are, after all, the folks who coined the saying, "Hey, a billion here, a billion there, sooner or later you start talking bout real money."

quote:

ORIGINAL: tazzygirl

quote:

Not to sound snide, but by Govt standards, 355 mil ain't shit. These are, after all, the folks who coined the saying, "Hey, a billion here, a billion there, sooner or later you start talking bout real money."

Not snide at all. Its not a great deal of money in teh grand scheme of things.

Its funny... its a huge amount when its a business like Solyndra, or a tax hike on the rich....

Buts its such a small amount when its a cut to TANF....

Interesting huh.

quote:

ORIGINAL: Edwynn
Which is all the more proof to the point made in the prior post that the Solyndra episode is blown a bit out of proportion on the downside consequences, the 'debacle' aspect. With out even looking I think it's a fairly safe bet that there were/are a decent number of other $300-600m projects out there, but this was a solar company so its failure is something that brings joy to some hearts.

quote:

ORIGINAL: tazzygirl

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tazzygirl

Plus they did make a 355 million dollar building. That money went to contractors, developers, builders, suppliers and taxes went to the community.

Taz...quit dealing with actual facts....you're confusing people.

lol As I recall the time line,.. the govt gave them the bucks when they were just about to declare bankruptcy.. the money was already spent well before and all the govt loan did was to pay back the bankers (not to new job creation).. the govt.. I mean taxpayers.. were duped on that one, majorly..

Someone also posted once before (a few months ago) that whe the Rs were in power, the Soylandra guarantee was turned down flat.. it was a loser years before and by the time Obama stupidly gave them the bucks,.. they were the walking dead..

As typical the recall is in error.

Turned down flat?

Nope....

quote:

House Republicans investigating Solyndra have claimed that the Bush administration ultimately rejected the Solyndra loan, but that's not quite the case. Democrats on the House Energy and Commerce Committee and news media point out that Bush energy officials wanted to get the loan closed on their way out the door — it was listed as the first of their "three highest priorities through January 15." (Obama took office Jan. 20, 2009.) But the Energy Department's credit committee held things up for more analysis.

"The number of issues unresolved makes a recommendation for approval premature at this time. Therefore, the committee, without prejudice, remands the project to the LGPO [Loan Guarantee Program Office] for further development of information," the committee said.

It noted Solyndra's project "appears to have merit." But the clock had run out.

That didn't keep Bush from touting the loan guarantee program on his way out of office. On Jan. 6, 2009, in remarks on conservation and the environment from the Eisenhower Executive Office Building, he said, "We dedicated more than $18 billion to developing clean and efficient technologies like biofuels, advanced batteries and hydrogen fuel cells, solar and wind power, and clean, safe nuclear power. We're providing more than $40 billion in loan guarantees to put these technologies to use."

Ultimately, the Bush administration program didn't finalize a single loan guarantee.

http://www.politifact.com/truth-o-meter/statements/2011/nov/17/david-plouffe/solyndra-loan-george-w-bush-david-plouffe/

As to the timing of the loan....

quote:

The company's December 2006 pre-application was enough to vault it into a group of 16 applicants invited to submit full applications in 2007. By early January 2009, Solyndra's file had been reviewed by the department's credit committee and returned with a request for further analysis. On Jan. 15, the loan program office said "due diligence" for the Solyndra loan was scheduled to be complete by March 2009. The money was going to build a gleaming new factory in Fremont, Calif.


Obama took office Jan. 20, 2009, and one of his first legislative achievements was a major economic stimulus package. The administration pushed to finish the $535 million loan for Solyndra so it could tout the company as a poster child of the stimulus — construction jobs plus a boost to American green energy. Solyndra got the loan Sept. 3, 2009.

As recently as 2010, the company was hailed as a Silicon Valley superstar, ranked a top clean-tech company by the Wall Street Journal and one of the "World's 50 Most Innovative Companies" by a Massachusetts Institute of Technology magazine.

But subsidized Chinese solar panels got even cheaper as the price of silicon plummeted — along with Solyndra's chances for becoming profitable. Red flags multiplied by February 2011, and the government restructured the loan to rescue the factory project.

http://www.politifact.com/florida/statements/2011/nov/15/americans-prosperity/solyndra-ad-president-barack-obama-taxpayer-money/