Airforceone

There has been so much said about Obama and Solyndra so I decided to do a little research as to how this company had qualified for stimulus money. And to look at the GOPTP claim that Obama headed a company that donated to his campaign which I found out was one of those Fox News lies because the president and CEO of Solyndra was actually a registered republican but let's not let facts get confused with Half t***hs .

To put things in prospective we all have to understand corporate failure rate of all companies going in and out of business instead of the propaganda spread by the right that 9 out of 10 companies go out of business. Although the failure rate is high but we have to keep in mind that companies do fail in this country for any number of reasons. But if we don't invest in start up companies there would be no success stories so the stats that I found were as follows. Year #1----25% failure rate. Year #5------55% year #10---71%

Now the clearest evidence that I could find that Solyndra was a worthy recipient of the stimulus is it also attracted big name investors and top venture capital firms including Richard Branson, KKR, and Argonaut Private Equity.
In a 2010 Article in the WSJ named Solyndra the top Venture backed Clean-Tech company. The MIT Technology review named it one of the worlds 50 most innovative companies in the world. Goldman Sachs was the lead investment banker. So the notion that Solyndra was a boondoggle for Obama cronies is silly. The Kaiser Family invested in Solyndra as did a lot of unnamed republicans.
Solyndra's 2nd largest investor was Madrone Capital Partners which is also linked to the Walton Family hardly friends of Obama.

Solyndras lobbyist firm was Bill Weld a prominent supporter of Mitt Romney. Hardly friends of Obama. Kind of blows away Mitts dumb comments.

Solyndra fell also under the Bush Energy Policy Act of 2005 and then was expanded into the American Recovery Act. The Bush administration Department of Energy selected that Solyndra move forward in the process.

I think we all remember when Fox reported they quoted the inspector General said that contracts were steered towards Obama friends I found that to be crazy. Inspector General never said that. Fox was asked for documentation and as it turned out it produced an article , but all it was is an excerpt from a book. (Throw Them ALL OUT) by Peter Schweizer who served as an advisor to Sarah Palin.

The Fox report of course started a major investigation by House Republicans always looking for a scandal. Found no evidence of wrong doing in the Loan Guarantee Program. Fox has still not reported on there findings and allowed the GOPTP to continue to think of wrongdoings. If you read the report it also indicated that Solyndra was seen by many business experts as promising.

The report also indicated that Solyndra had not donated any money to Obama. This was strictly a republican investigation. The investigation consisted of 32 congressional letters, compiled 187,000 pages of documents, 72,000 pages from Solyndra investors 9 committee staff interviews briefings, 5 full committee hearings and $7 million spent and could find no wrongdoings were reported. But did Fox inform there cult followers that nothing found.

It has been reported that the reason the GOPTP scandals persist because it is a handy pretext for demanding documents , and who knows what might turn up. There constant fishing expeditions are just costing this country millions but they never report there findings and just move onto the next fishing expedition.

Just remember there are always risks involved with investing in innovation and corporation succeed and they fail in this country. But does that mean this country stops investing. How many times in the history of this country have we invested innovation and things fail but we lean from it and move on. Only under Obama are such things just blown out of proportion.

Defense Star Wars how much did Reagan invest and we all know what a big failure that was. I am not trying to criticize anybody that invest in innovation that's how our country has advanced. But why now

Kay Littrell

[b]While all of your points may be valid, not a single one of the individuals, groups of individuals, or corporations you named stood up in the halls of congress and made the case for the Big Rock Candy Mountain and assured money was available to fund yet another boondoggle;

"Where the handouts grow on bushes
And were there's a lake of stew & whisky to

and where you sleep out every night.
Where the boxcars all are empty
and the farmers' barns are all filled with hay,

And the sun shines every day
Where there's cigarette trees and lemonade springs
In the Big Rock Candy Mountains."

That is the song that Obama sung and because of his off key caterwauling, Obama earned and rightly deserves every boondoggle he is blamed for during his boondoggle filled Presidency.

Just because your granddaddy drank some of Big Al Capone's bootlegged hooch doesn't make your grand pappy guilty of the St. Valentine's Day Massacre. Obama is as guilty for his mistakes as Big Al Capone or George W. Bush are guilty for theirs'. Grow up and get a life!!

mwdegutis Loc: Illinois

I seem to remember a recent comment from one of our resident libs when I made a comment on Israel's Iron Dome having a nearly 90 percent success rate that "they didn't design it" (sounds vaguely familiar) but that it was patterned after Star Wars. If that is so, sounds like quite a success to me.

Wonder why we don't implement the technology?

permafrost Loc: Minnesota

TD,

Good information, nice post.. Shows again how the GOPTP, and Fox entertainment, use lies, half t***hs and twisted facts to go after Obama.. :thumbup: :thumbup: :thumbup: :thumbup:

Kay Littrell

The Israelites were given much of the research by their paid spy, Jonathan Pollard. Israel then sold the military secrets that Pollard stole from us to the Russians. Then either Israel or the Russians (or both) sold or gave these same military secrets to the Red Chinese.

Yes, Israel is the only western nation in the middle of the Middle East. I h**e to bust your bubbles but when push comes to shove, Israel is no friend of the USA.

Retired669

Good post!..... I read about this a few years ago and the only thing I didn't see in your article was how the Chinese heavily subsidize their solar industry to drive prices down and many companies out of the market. If our corrupt government had trade policies worth a damn we would have DOLLAR FOR DOLLAR FAIR TRADE with countries we do business with instead of the crap we do now that hurts our country's workers but helps the greedy SOB's get richer who don't give a damn about anything but themselves. :thumbup: :thumbup: :thumbup:

mouset783 Loc: Oklahoma

Did you use your usual research source Media Matters or Kos? Besides although eveyrbody makes mistakes as you so aptly put the WH i***t can't to anything " right" even by accident and that is the difference.

Airforceone

Have no idea what your talking about so what part is not facts. I am just trying to explained corporation go into business and within 10 years 72% fail but does that mean we don't invest in technology. At the time of the stimulus Solyndra was a solid company

Constitutional libertarian Loc: St Croix National Scenic River Way

Ummm dude Star Wars like volkarie were huge successes. They were instrumental in making the Russians spend themselves to death trying to defend against imaginary weapons.

mouset783 Loc: Oklahoma

I knew you were mentally c*********d but I had no idea you could not read. Here it is again and I quote try to pay attention " EVERYBODY MAKES MISTAKES HOWEVER ignorant Obama can't do ANYTHING right". Don't you know when some one agrees with you even as rare as it is ?

mouset783 Loc: Oklahoma

Are you saying Obama is corrupt? Surely not. Ill be damned. You can now wear huggies instead of diapers. Congrats. You better be nice to the Chinese. Who do you think pays for the gas for dumdum's toy airplane? Shame on you

Nickolai

The soviet union went broke trying to subdue Afghanistan in a 10 year war. There is no evidence that they went broke trying keep up with star wars or even tried too. Reagans star war never got much past the experimental phase before production was stopped

greyfox Loc: western mass.

I thought Solindra went busted because they made solar panels--------but the Chinese could make them for 1/4 the cost!!!!!!

Airforceone

But he invested millions in it before it went bust.

Airforceone

Chinese made the flat panel Solyndra made a cylindrical tube that would catch the rays from all angle. And it did not weight as much and was easier to install.