Daily Bell
Adrian Krieg
Really stupid people repeat the same failed process over and over ad infinitum. Please pay attention, Dr. Chu! Einstein said it was the proof of insanity.
Case in point is the Obama administration's solar power loan guarantee program. Not one of the loans made since 2009 have proven successful. The most costly failure, as of now, is Solyndra at $535 million. After Solyndra received its loan it laid off 1100 workers and filed for bankruptcy, in which it had the government (Department of Energy) restructure the loan to put the taxpayers behind the bus, losing US taxpayers $535 million.
Before that, Spectrawatt went belly up and we lost $500,000. Spectrawatt was one of 13 companies given grants. How many are still in business is anyone's guess. We can't even find a list on the Internet.
All this has not satisfied the Obama energy department headed up by Dr. Chu. On the last days of availability he doled out another $4 billion. The question now is, is it even possible to run printing presses fast enough to keep up with Obama's insane spending? More astutely, how did Solyndra wind up with all that money? Seems that a review of the George Kaiser Family Foundation shows it was the grantor of $10,000 to the Urban Health Initiativ [...]
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Adrian Krieg
Case in point is the Obama administration's solar power loan guarantee program. Not one of the loans made since 2009 have proven successful. The most costly failure, as of now, is Solyndra at $535 million. After Solyndra received its loan it laid off 1100 workers and filed for bankruptcy, in which it had the government (Department of Energy) restructure the loan to put the taxpayers behind the bus, losing US taxpayers $535 million.
Before that, Spectrawatt went belly up and we lost $500,000. Spectrawatt was one of 13 companies given grants. How many are still in business is anyone's guess. We can't even find a list on the Internet.
All this has not satisfied the Obama energy department headed up by Dr. Chu. On the last days of availability he doled out another $4 billion. The question now is, is it even possible to run printing presses fast enough to keep up with Obama's insane spending? More astutely, how did Solyndra wind up with all that money? Seems that a review of the George Kaiser Family Foundation shows it was the grantor of $10,000 to the Urban Health Initiativ [...]
Submit your suggestion / comments / complaints / Takedown request on lookyp.com@gmail.com
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