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Actually, despite Fox News' obsession with bashing the Solyndra events, Solyndra does not prove your point at all, nor is it at all related to my point or to wh

by Bud 14y ago

Actually, despite Fox News' obsession with bashing the Solyndra events, Solyndra does not prove your point at all, nor is it at all related to my point or to what Schilling did. Solyndra received extensive private equity funding, in addition to federal investment that looked like a good deal at the time. It was also not run by left-wingers. So I'm not really sure what your point is. All investments can fail, and not all the failures tell us anything about politics. I of course agree that "actual" businesses which are "competent" create jobs, but it's not always easy to tell in advance what is actual and who is competent. Certainly, solar energy in general is an "actual" business. It should also be noted, since you took unsubstantiated potshots at the Obama Administration, that the vast majority of stimulus-related bets made by them have paid off handsomely.

protomyth 14y ago
Your post could prove my point. I am not a fan of Fox News or CNN, but it seems to be thrown out their anytime someone criticizes how our tax money is spent. Sadly, this type of stuff isn't really new to American politics (go look at the election of 1800). The government itself said on Jan 9, 2009 (days before inauguration) that Solyndra wasn't loan worthy. It was rushed and costly. Even the NY Times (not known as a bastion of Fox News lovers) said[1] that "Government Accountability Office, which found that Energy Department preliminary loan approvals — including the one for Solyndra — were granted at times before officials had completed mandatory evaluations of the financial and engineering viability of the projects." Stimulus-related bets made by them have NOT paid off handsomely. [1] http://www.nytimes.com/2011/09/23/us/politics/in-rush-to-assist-solyndra-united-states-missed-warning-signs.html?_r=2&ref=politics http://www.nytimes.com/2011/09/23/us/politics/in-rush-to-ass...

by Bud 14y ago

protomyth 14y ago

Your post could prove my point. I am not a fan of Fox News or CNN, but it seems to be thrown out their anytime someone criticizes how our tax money is spent. Sadly, this type of stuff isn't really new to American politics (go look at the election of 1800). The government itself said on Jan 9, 2009 (days before inauguration) that Solyndra wasn't loan worthy. It was rushed and costly. Even the NY Times (not known as a bastion of Fox News lovers) said[1] that "Government Accountability Office, which found that Energy Department preliminary loan approvals — including the one for Solyndra — were granted at times before officials had completed mandatory evaluations of the financial and engineering viability of the projects." Stimulus-related bets made by them have NOT paid off handsomely. [1] http://www.nytimes.com/2011/09/23/us/politics/in-rush-to-assist-solyndra-united-states-missed-warning-signs.html?_r=2&ref=politics http://www.nytimes.com/2011/09/23/us/politics/in-rush-to-ass...