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More Obama Dollars Flushed Down The Toilet

Discussion in 'Politics, Elections & Legislation' started by Brian in Oregon, Oct 30, 2011.

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  1. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Deplorable Bitter Clinger in Liberal La La Land
  2. mrskeet410

    mrskeet410 TS Member

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    $72 million in assets, $47 million in debt. Taxpayers should get their money back. There may be enough assets that the loan guarantees may not even be exercised.

    Unlike Solyndra, the Gov't guaranteed debt has not been subordinated to the private financing, and Beacon is still operating and generating revenue.

    If they go into Chapter 11 maybe some more gov't loan guarantees will be provided.

    Another example of the crony capitalism. If Bacon flourished the stock-holders, management, and even the debt-holder thrive. If not, the taxpayers pay-up.

    So what so you think of Gov't loan guarantees for nuclear power plants? Private capital won't provide the financing for nukes.
     
  3. mrskeet410

    mrskeet410 TS Member

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    Why worry? White House Orders Review of Energy Department Loans in Wake of Solyndra Scandal

    Read more: http://www.foxnews.com/politics/2011/10/28/white-house-to-review-energy-department-loans-in-wake-solyndra-scandal/#ixzz1cM9jUEsV
     
  4. oletymer

    oletymer Member

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    Yes Mommy Skeet, we all know how well these audits come out. Just keep on drinking the Obama koolaid.
     
  5. Mark-in-Maine

    Mark-in-Maine Member

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    It's not "obama bucks" it's OUR hard-earned bucks!
     
  6. daddiooo

    daddiooo TS Supporters TS Supporters

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    This is just the tip of the iceberg....there are a bunch more of these things that haven't even come to light yet.

    The press doesn't investigate any of this for their cousin Barry. If it weren't for citizen groups and whistle blowers watching, this crap would never see the light of day or make the news.

    This is just getting started.
     
  7. mrskeet410

    mrskeet410 TS Member

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    ...The loan guarantee program was first authorized in a 2005 energy bill crafted under GOP control of Congress and signed into law by then-President Bush, and expanded under President Obama’s stimulus law...
     
  8. Rocketdog

    Rocketdog Member

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    Keep voting for the Democrats or Republicans and that is what you get.
     
  9. Brian in Oregon

    Brian in Oregon Well-Known Member

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    <i>"......The loan guarantee program was first authorized in a 2005 energy bill crafted under GOP control of Congress and signed into law by then-President Bush, and expanded under President Obama’s stimulus law..."</i>

    And how many energy companies went bankrupt and flushed multi-millions on Bush's watch vs Obama's watch?

    I think there is some very deep rooted corruption going on, and this money is being channeled elsewhere.
     
  10. mrskeet410

    mrskeet410 TS Member

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    Channeled where?
     
  11. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    Use your friggen brains and figure it out skeet. You are one big dumb A$$. You are disgusting. Bulge.
     
  12. mrskeet410

    mrskeet410 TS Member

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    Obama, Dems Received Contributions

    Campaign contribution information from Open Secrets shows that Beacon Power's CEO F. William Capp donated to both Barack Obama and two Massachusetts Democrats..

    Capp donated $500 to to Obama's 2008 campaign, as well as $500 to Martha Coakley and $250 to congresswoman Niki Tsongas in 2009.
     
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