Re: Solyndra Bankruptcy
Posted: Thu Sep 01, 2011 2:34 pm
I thought this was going to be about Venus Williams.
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Yeah, but somebody's gonna end up with a nice new $700 million building.OCmike wrote:Basically what sank this company was the $700 million building they've been constructing for the past couple of years just off a major freeway near here. The problem is, while Solyndra was focused on their shiny new building, all of the other players in the solar game have been refining their manufacturing processes and producing a cheaper, more efficient product.
Had they built a $200 million building, they'd still be in business right now.
You mean that's not an internet jobs board for independent contractors?Dinsdale wrote:Solopower
To be fair, the Department of Energy granted a massive loan to fund the building in March '09. It stands to reason the work on that loan began long before that. The only work Obama had done at the point was work the ass grooves into his seat on AF1 and write the rough draft of his acceptance speech for the Nobel Peace Prize.smackaholic wrote:Nice job, you jug eared dolt.
If you start any of that curling bullshit on T1B, I will piss in your pool.Mikey wrote:...Zhejiang Wanxiang...
Try being correct rather than "fair" next time.R-Jack wrote:To be fair, the Department of Energy granted a massive loan to fund the building in March '09. It stands to reason the work on that loan began long before that. The only work Obama had done at the point was work the ass grooves into his seat on AF1 and write the rough draft of his acceptance speech for the Nobel Peace Prize.smackaholic wrote:Nice job, you jug eared dolt.
Yet another "shovel ready" failure from "the most transparent administration in history."Did Obama Administration Cut Corners For a Green Energy Company?
The Obama administration bypassed procedural steps meant to protect taxpayers as it hurried to approve an energy loan guarantee to a politically-connected California solar power startup, ABC News and the Center for Public Integrity's iWatch News have learned.
The Energy Department in March 2009 announced its intention to award Solyndra Inc. a $535 million loan guarantee before receiving final copies of outside reviews typically used to vet such deals. An independent federal auditor who has reviewed the energy loan program said moving so quickly without completing thorough reviews risked exposing the program to claims of political influence and put taxpayers at greater risk.
"There's a consequence if you don't follow a rigorous process that's transparent," said Franklin Rusco, an analyst with the Government Accountability Office. "It makes the agency more susceptible to outside pressures, potentially."
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The loan guarantee, the administration's first for a clean energy project, benefited a company whose prime financial backers include Oklahoma oil billionaire George Kaiser, a "bundler" of campaign donations. Kaiser raised at least $50,000 for the president's 2008 election effort.
Several political allies of the president have ties to companies receiving Energy Department loans, grants or loan guarantees. For instance, the venture firm of another top Obama bundler, Steve Westly, has financially supported companies that won more than half a billion dollars in energy grants and loans during President Obama's time in office, iWatch News and ABC News reported in March. Relatively few applicants succeed in winning such benefits. The Energy Department said every one of those awards was won on merit.
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Energy Secretary Steven Chu promised Solyndra's package alone would create more than 4,000 jobs.
"the people" subsidize tons of shit. all the camel jockeys we kill are a subsidy to the oil companies. don't think we're send Exxon a bill for the Iraq war.Dinsdale wrote:not sure why The People have to pay for someone else to profit from an unprofitable business
Every day that you build this expanded facility, as you fill orders for solar panels to ship around the world, you’re demonstrating that the promise of clean energy isn’t just an article of faith -- not anymore. It’s not some abstract possibility for science fiction movies or a distant future -- 10 years down the road or 20 years down the road. It’s happening right now. The future is here.
--Bluegums Odowngrade, 2010
if that get your panties in a twist, best not watch TV for the next week.Carson wrote: Oh, and go fuck a running garbage disposal for the 9/11 reset.
Sand?Carson wrote:Umm, guess where most of the raw material for solar panels comes from?
Third World muzzie hangouts.
...and electric cars.An internal Pentagon memo, for example, states that Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries for laptops and BlackBerrys.
smackaholic wrote:pretty sure there is more than sand in a PV cell.
so, what the fukk is it that makes them so expensive? that sand must need some heavy duty processing. or maybe it's just that all the processing is done in ivory towers by prevailing wage slobs. or should i say, was.Mikey wrote:smackaholic wrote:pretty sure there is more than sand in a PV cell.
The main raw material is silicon dioxide, found in nature mostly as sand.
Pressure from "Big Oil" on Capitol Hill, probably.smackaholic wrote:
so, what the fukk is it that makes them so expensive?
Shut the fuck up, moron.Martyred wrote:Pressure from "Big Oil" on Capitol Hill, probably.smackaholic wrote:
so, what the fukk is it that makes them so expensive?
You shut the fuck.mvscal wrote:Shut the fuck up, moron.Martyred wrote:Pressure from "Big Oil" on Capitol Hill, probably.smackaholic wrote:
so, what the fukk is it that makes them so expensive?