It appears that Barack Obama isn’t content with owning just GM. Can you say Solyndra 2?
Related: More “Green” money down the drain?
It appears that Barack Obama isn’t content with owning just GM. Can you say Solyndra 2?
Related: More “Green” money down the drain?
Ho hum… In Canada we have seen this all before.
David Frum states it well:
http://www.ottawacitizen.com/business/Trudeau%2Bdisaster/5470488/story.html
Too bad it will take America 30 years to purge the damage.
There are suckers and blood-suckers. It’s a symbiotic relationship. I’m not sure what the suckers get out of it though.
http://www.latimes.com/business/la-fi-solar-loan-guarantees-20110928,0,7847145.story
two companies got loan
one bankrupt
second stays
so
they can put all bankrupt equipment company transfer to second green solar company to reduce lost of this loan because they bought so many equipment with government loan so far
they can work with chineese solar company to reduce cost and lost there
machinery used and installed in bankrupt company are huge and can be very usefull
just here owner can not barry lost of his money then he decided to go and filed bankrupcy just matter of owner change and hire new ceo for reduce lost for bankrupt companies if they own so many assest and equipment and machinery
the all part of companies was look right
the question left
they got loan
they bought machinery
they hired 1100 employees
but did they sold any thing in between?
if no marketing done and not sell profit
for sure company can get bankrupt
or can be only gave them money in loan
to return that loan to presidency candidate fund to take money back to lender again
money laundrying again.
now apparently
Even Putin presdiency is way to take money back to thier oil account too
This is more like mafia game using politic behind it
something bother me
This is like you hired bank manager and he work for 4 to 6 years as president or manager
then he faced illusion of he owns all money of bank
now if president of country hired to work in politic it does not mean he own all assest and money and busienss of country
this is called abused of power
From the article… “a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.”
Then… “the Nevada project would produce enough electricity to power more than 43,000 homes, while the Arizona project would power nearly 31,000 homes.”
So 110Mw costs $737 million yet 150Mw costs $337 million. 110Mw powers 43,000 homes and 150Mw powers 31,000 homes.
New math????
As I predicted, the word “Solyndra” never passed Tim Hudak’s lips during the so-called debate last night. He had the perfect opportunity to hang Obama’s albatross around McSquinty’s neck, and blew it.
Based on what I’ve seen, expect another NDP “miracle”. God help Ontario.
According to the second link and Fox News there’s another 5 Billion up for grabs in the next 48 hours.
Any bets as to how much of that money will be shuffled out the door just before the deadline?
I call 80%.