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View Diary: Senate votes on Buffett Rule (115 comments)

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  •  Solandra? (0+ / 0-)

    I do not care what spin is put on that debacle, it was a bust.  I read and hear all of the spin and rhetoric about it, but that was just wastful spending.  I know, I know, it was all about "green", but it was a HUGE cost to taxpayers.  Love they tried to get-er-done, but it failed and it cost taxpayers a shitload of money.  

    It's just the truth.  

    Only horses should wear blinders.

    by independantman on Mon Apr 16, 2012 at 03:44:35 PM PDT

    [ Parent ]

    •  Can you name one business where 1.3% failure (2+ / 0-)
      Recommended by:
      Maverick80229, Odysseus

      of its investments is viewed as "a debacle?" Where that 1.3% needs to be pointed out as some abject failure of the entire project?

      That's the total percentage of Energy Policy Act loans that Solyndra's $500M represented.

      See Five myths about the Solyndra collapse.

      Now, it's possible that Solyndra was pushed through faster than it should have been, as that article notes. But...

      The Energy Department’s loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio — and, as yet, it’s the only loan that has soured.
      That seems like a pretty good success rate to me; not wasteful spending.
      •  It is not about "comparison". (0+ / 0-)

        Good rhetoric.  Sad that we taxpayers spent that kind of money on a failed company.

        If you are okay with it and find rhetoric and defenses to it to make it seem fine with you, then that's good.  I know it cost us ... we taxpayers a lot of money and it was a sad "investment" .

        Only horses should wear blinders.

        by independantman on Mon Apr 16, 2012 at 04:31:14 PM PDT

        [ Parent ]

        •  I find statistics to be fine. No rhetoric needed. (1+ / 0-)
          Recommended by:
          Odysseus

          1.3% of the value of loans, belonging to a single company, under this entire program have failed. Interest on remaining loans should cover the lost value. This is ignoring other positive factors from the entire loan portfolio.

          The program, overall, has created useful clean energy jobs and helped develop newer, cleaner energy sources. Since I find those other investments made under the program to be generally sound, I consider that an acceptable failure rate.

          If the failure rate was higher, I would be concerned. But it's not.

          We cannot audit and be angered at every single facet of every program the government funds. Solyndra is one of those "small things" that the right wing has decided to pounce on. It's part of a larger program; look at that, not random components.

    •  We were set-up by both the Chinese and the... (0+ / 0-)

      Republicans who wanted to make political points against our President about it instead of being good Americans and stepping up to save our fledgling solar PV industry from the very cutthroat Chinese business practices.  It just began to get off the ground, and then taken out at the knees via crappy global business practices and you can give a big thanks to the both of them.

      As we speak, the next victim of the solar PV underpricing and the flooding of the market is Germany's largest PV manufacturer who is also filing for bankruptcy.

      I manage a very large Solyndra panel solar array as one of my job responsibilities and I can tell you first hand that these panels were on the cutting edge of both design and output than the standard rectangular PV panels that are the standard of today.  It's a big shame we let them sink instead of keeping them afloat.

      Remember how the steel industry got stung by the Chinese??

      “The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.” — Marcus Aurelius

      by LamontCranston on Mon Apr 16, 2012 at 05:32:33 PM PDT

      [ Parent ]

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