Our tax dollars at work...

[il Padrino Ute]

Great idea, that stimulus of yours, Mr. President.

What a waste of money.

[Uncle Ted]

Great idea, that stimulus of yours, Mr. President.

What a waste of money.

When a company can't get the capital they need from private investors there is most likely a pretty good reason.

[il Padrino Ute]

When a company can't get the capital they need from private investors there is most likely a pretty good reason.

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.

[NorthwestUteFan]

Coincidence? I hardly think so.

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.

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).

[U-Ute]

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.

[NorthwestUteFan]

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.

[il Padrino Ute]

Halliburton is was the poster child for cronyism. Now it's GE.

It doesn't matter what side of the isle you are on. Our government is owned by corporations, because they have the money.

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.

[BigFatMeanie]

The plot thickens:

FBI raids solar panel firm Solyndra after bankruptcy filing
http://www.latimes.com/business/la-f...tory?track=rss

[U-Ute]

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.

Fair enough. Each party has their own set of buddies.

[Uncle Ted]

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.

[dabrockster]

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.

From what I could gather. These companies got a total of 5.9 BILLION dollars!!!

What a effing waste....

[Moliere]

Obama is horrible at private equity. He should stick to community organizing.

[Uncle Ted]

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.

Obama picks yet another loser. Add Satcon Technology Corp to the long list.