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roooooomie ●
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frode said...
Solyndra execs will invoke Fifth Amendment and decline to testify.
Also:
The major problem with Solyndra is not all the ways that the government failed to prop up a company, or all the bad reasons why the Obama administration chose Solyndra to receive such an obscene amount of money. Pointing out that the Obama administration is inept and using Solyndra as an example is valid but it only focuses on a part of the bigger problem.
That bigger problem, of course, is that the government gave out half a billion dollars to a company employing 1100 people, and that this was considered a success (before it wasn't). That's around half a million dollars an employee.
We're at the point where giving away half a million dollars per employee is considered a good use of the tax dollars the government collects and now the government wants to collect even more.
Why not just give each potential employee $250k, which might actually stimulate the economy while saving a quarter of a billion dollars.
SATerp
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SATerp
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SATerp
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ConGOTERPS
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winterps ●
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SATerp
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winterps ●
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winterps said...
over 200 dead in mexico traced back to this program; i guess their govt will eventually sue our govt (or some new program will appear)
wow, the 247 site eats the link and inserts america's team-interesting
http://www.forbes.com/sites/realspin/2011/09/28/fast-and-furious-just-might-be-president-obamas-watergate/6/
This post was edited by winterps on 9/29/2011 at 2:26 AM
winterps ●
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winterps ●
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SATerp
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winterps ●
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ConGOTERPS said...
FRODE wrote: The major problem with Solyndra is not all the ways that the government failed to prop up a company, or all the bad reasons why the Obama administration chose Solyndra to receive such an obscene amount of money. Pointing out that the Obama administration is inept and using Solyndra as an example is valid but it only focuses on a part of the bigger problem.
That bigger problem, of course, is that the government gave out half a billion dollars to a company employing 1100 people, and that this was considered a success (before it wasn't). That's around half a million dollars an employee.
It seems to me that the $540 XXL wasn't meant to prop up the employees, but subordinated to benefit the VC/hedge fund investors (Obama donors)
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SATerp
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We are now officially a banana republic.