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"Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill
"I only know what I hear on the news." - Dear Leader -
When a company can't get the capital they need from private investors there is most likely a pretty good reason.Originally posted by il Padrino Ute View Post"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM! -
And there's more evidence of cronyism - what a surprise with any politician, but Obama is the king of it - with George Kaiser being one of the major investors in Solyndra and he just happens to have been one of the fundraisers for Obama's '08 campaign. Also, there are others who generously donated to Obama's campaign who are involved with Solyndra. Coincidence? I hardly think so.Originally posted by Uncle Ted View Post"Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill
"I only know what I hear on the news." - Dear LeaderComment
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Crony-capitalism is the new paradigm. $530MM thrown down the tubes in that company only to learn that China is better equipped to manufacture a similar product for significantly less money AND at a greater profit, a lesson which ANY 8th grader could explain.Originally posted by il Padrino Ute View Post
And it doesn't matter who is President. McCain would likely have done the same type of thing (with added emphasis on invading Syria and/or Iran).Comment
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Halliburton is the poster child for cronyism.
It doesn't matter what side of the isle you are on. Our government is owned by corporations, because they have the money.Comment
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I see what you are doing there. To play Devil's shyster, I will respond that there are exactly two companies in the world capable of providing that service : Halliburton and Schlumberger from France. That comparison is inadequate. There are many other examples of companies wielding the hammer of government to achieve their own ends.
However your larger point is precisely correct. No company should be considered 'too big to fail', and bailing them out from their own stupidity should never occur on the taxpayers' dime.Comment
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I agree with what you're saying in the 2nd paragraph, but needed to correct your 1st paragraph in order for it to be more current.Originally posted by U-Ute View Post"Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill
"I only know what I hear on the news." - Dear LeaderComment
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The plot thickens:
FBI raids solar panel firm Solyndra after bankruptcy filing
http://www.latimes.com/business/la-f...tory?track=rssComment
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Fair enough. Each party has their own set of buddies.Originally posted by il Padrino Ute View PostComment
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A brief list of 0bama's failed green energy jobs companies, some of which were run by large campaign donors and bundlers who basically got the loans from your tax money and then went bust...
Solar Trust of America: Fail.
Bright Source: Fail.
Solyndra: Fail.
LSP Energy: Fail.
Abound Solar: Fail.
SunPower: Fail.
Beacon Power: Fail.
Ecotality: Fail.
A123 Solar: Fail.
UniSolar: Fail.
Azure Dynamics: Fail.
Evergreen Solar: Fail.
Ener1: Fail.
Now add Abound Solar to the list.
I think I am starting to see a pattern here."If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!Comment
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From what I could gather. These companies got a total of 5.9 BILLION dollars!!!Originally posted by Uncle Ted View Post
What a effing waste....Comment
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Obama is horrible at private equity. He should stick to community organizing."Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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Obama picks yet another loser. Add Satcon Technology Corp to the long list.Originally posted by Uncle Ted View Post"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!Comment
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