Solyndra Bombshell

[gopher]

Those profits will soon be said to be either illusory or they will be attributed in some way to Republican interventionism. Naturally, Obama, who had been so roundly criticized, will miss out on that praise.

 

[EagleSmack]

The problem with this story is that people will soon hate the Republicans
more. It will go nowhere.
The premise of a democratic election comes down to this in our modern world.
If you want to win an election

Make Sure the electorate hates your opponent more than they hate you.

If you can master that one item you will win.

Another hidden gem!


For the people hated the Republicans so much they went forth and swept the Democrats from the US Senate two years later

After Solyndra Loss, U.S. Energy Loan Program Turning A Profit : NPR

NPR! lmao


The ones that said S. Dakota, Kentucky and other potential Red states were in play and the GOP was scrambling to sure up support.


A publically funded Democrat soap box

 

[taxslave]

After Solyndra Loss, U.S. Energy Loan Program Turning A Profit








In 2011, solar panel company Solyndra defaulted on a $535 million loan guaranteed by the Department of Energy. The agency had a few other high-profile bankruptcies, too — electric car company Fisker and solar company Abound among them. But now that loan program has started turning a profit.


Overall, the agency has loaned $34.2 billion to a variety of businesses, under a program designed to speed up development of clean-energy technology. Companies have defaulted on $780 million of that — a loss rate of 2.28 percent. The agency also has collected $810 million in interest payments, putting the program $30 million in the black.


When Congress created the loan program under the Energy Policy Act of 2005, it was never designed to be a moneymaker. In fact, Congress imagined there would be losses and set aside $10 billion to cover them.


Still, when the Solyndra case emerged, Republicans on Capitol Hill had pointed criticism for the Obama administration. Rep. Steve Scalise, R-La., called the Solyndra case "disgusting," and Sen. Lisa Murkowski, R-Alaska, labeled it "a colossal failure." The conservative group Americans for Prosperity produced a television ad accusing President Obama of paying back campaign contributors.


There was an FBI raid on Solyndra's headquarters and an investigation but, so far, no prosecutions.


Now that the loan program is turning a profit, those critics are silent. They either declined or ignored NPR's requests for comment.

more


After Solyndra Loss, U.S. Energy Loan Program Turning A Profit : NPR

Some pretty inventive math there. Politician's math. If you ignore administration costs(ongoing) and the interest paid out by the taxpayer to get the $780 million that was pis sed away you could call it a profit.

 

[EagleSmack]

It beats reality for the Gruber Voters.