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  #1  
Old 09-16-2011, 12:50 PM
t walgamuth's Avatar
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Yikes! 12 Billion in cash spread around Iraq and Afganistan.

Where is the outrage on the political right about this?
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Last edited by t walgamuth; 09-17-2011 at 05:34 AM.
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  #2  
Old 09-16-2011, 01:16 PM
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Originally Posted by t walgamuth View Post
Yikes!

Where is the outrage on the political right about this?

From what I've seen, the only outrage about the Solyndra issue is COMING from what you call the right.
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  #3  
Old 09-17-2011, 06:00 AM
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Originally Posted by LarryBible View Post
From what I've seen, the only outrage about the Solyndra issue is COMING from what you call the right.
I was NOT referring to Solyndra but to the 12 billion in cash spread around Iraq and Afganistan.
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  #4  
Old 09-17-2011, 09:00 AM
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Originally Posted by t walgamuth View Post
I was NOT referring to Solyndra but to the 12 billion in cash spread around Iraq and Afganistan.
Why does it have to be " either-or"?
Can't we demand that the media expose corruption regardless of the political party involved? IMO, the media is way too aware guided by their political bent, wanting to help one party and destroy the other.
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Old 09-17-2011, 10:29 AM
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Originally Posted by MS Fowler View Post
Why does it have to be " either-or"?
Can't we demand that the media expose corruption regardless of the political party involved? IMO, the media is way too aware guided by their political bent, wanting to help one party and destroy the other.
Corruption? What does Solyndra have to do with corruption? I have only read a few of the news reports about Solyndra, so I could have missed something.
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  #6  
Old 09-17-2011, 06:16 PM
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Corruption? What does Solyndra have to do with corruption? I have only read a few of the news reports about Solyndra, so I could have missed something.
"The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors — including a fundraiser for President Barack Obama — moved ahead of taxpayers for repayment in case of a default, government records show."

"We have incurred significant net losses since our inception, including a net loss of $114.1 million in 2007, $232.1 million in 2008 and $119.8 million in the first nine months of fiscal 2009, and we had an accumulated deficit of $505 million at Oct. 3, 2009," the company said in a December 2009 filing to the SEC. "We expect to continue to incur significant operating and net losses and negative cash flow from operations for the foreseeable future."

"Without DOE's agreement to restructure Solyndra's loan, the company likely would have faced bankruptcy much earlier — in December 2010" or soon after, Silver said. "Restructuring gave them a fighting chance to compete and succeed, and kept approximately 1,000 workers from losing their jobs."

http://www.ajc.com/news/nation-world/obama-admin-reworked-solyndra-1182334.html

Let's see how the Obamanomic Obamamathamatics works out $528,000,000/1000 Solyndra workers = $366.67 per hour, $2933.33 per day, $14,667 per week, $58,667 per month, for a total of $528,000 per nine month long job saved.

Every worker could have been give a $100,000 severance payout and the boondoggle doors shut for a mere $100,000 000 of confiscated taxpayer wealth.

On a side note, the Obamunista "Brain Trust" even now consistently argues that the fundamental failure is that the "Dear Leader" has not been given enough money to "invest"!
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Old 09-17-2011, 06:37 PM
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...On a side note, the Obamunista "Brain Trust" even now consistently argues that the fundamental failure is that the "Dear Leader" has not been given enough money to "invest"!
As well it should. I'm no economist, but I believe that argument is pretty much main stream at this point. This guy makes the argument much better than I ever could: http://economistsview.typepad.com/economistsview/2011/06/we-need-to-bury-the-shovel-ready-objection-to-infrastructure-spending.html
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  #8  
Old 09-17-2011, 06:37 PM
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private investors — including a fundraiser for President Barack Obama —

Can anybody explain what this means? I cannot imagine any way that a fundraiser would have loaned the company money. Does this mean an individual who loaned the company money?
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  #9  
Old 09-18-2011, 12:15 AM
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Corruption? What does Solyndra have to do with corruption? I have only read a few of the news reports about Solyndra, so I could have missed something.
Alleged corruption.
Bush administration and the WH financial office under Obama warned of dangers with this loan. Obama pushed it. The principle involved was a "bundler" of campaign funds. He set up the deal so he gets paid even if Solyndra goes bankrupt. He also has priority WH access.
Connect the dots--maybe it is corruption; maybe not, but it needs investigation.
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Old 09-18-2011, 07:48 PM
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Originally Posted by MS Fowler View Post
Alleged corruption.
Bush administration and the WH financial office under Obama warned of dangers with this loan. Obama pushed it. The principle involved was a "bundler" of campaign funds. He set up the deal so he gets paid even if Solyndra goes bankrupt. He also has priority WH access.
Connect the dots--maybe it is corruption; maybe not, but it needs investigation.
I'm sure we can count on the GOP to turn over every stone and stretch every fact to find corruption. Rep. Garder (R - Colorado) tried a bit too hard on Wednesday and wound up looking like a fool: http://www.c-spanvideo.org/program/LoanGuaran [Gardner is at 2:29:50 to 2:34:00.] Rep. Bilbray (R - California) was doing a much better job for the GOP side just before yielding back to Gardner.

Based on a bit of googling on Rep. Gardner, I'm guessing this isn't the first time he's made a fool of himself. I'm sure it won't be the last.

Sigh.
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  #11  
Old 09-19-2011, 08:25 AM
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Originally Posted by MS Fowler View Post
Alleged corruption.
Bush administration and the WH financial office under Obama warned of dangers with this loan. Obama pushed it. The principle involved was a "bundler" of campaign funds. He set up the deal so he gets paid even if Solyndra goes bankrupt. He also has priority WH access.
Connect the dots--maybe it is corruption; maybe not, but it needs investigation.

Very GOOD! I haven't read every post in this thread, but I'm glad that someone finally brought out this point. I expect that there are many here from which their news source has not pointed this out.
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  #12  
Old 09-17-2011, 12:13 PM
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Originally Posted by t walgamuth View Post
I was NOT referring to Solyndra but to the 12 billion in cash spread around Iraq and Afganistan.
This is a VERY good suggestion. The $12 Billion dollars should be investigated and if it's illegal or impropriety, there should be convictions. Corruption is corruption and illegal activity is illegal activity. It makes no difference what political party the offender might be identified with.

Honus made the first response to this thread and made a very good point. The three examples I cited all involved alleged criminal activity. ANY criminal activity or misappropriation of dollars for political reasons should be INVESTIGATED and any guilty party should be prosecuted.

Since I began this thread, I have seen that General Jumper was uirged by the Whitehouse to change his testimony in the Light Squared proceedings. Urging someone to commit purgery, I THINK but I'm not a lawyer, is illegal.

ALL illegal actions and impropriety, REGARDLESS of party should be investigated and punished to the fullest extent of the law IMHO.
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  #13  
Old 09-17-2011, 12:43 PM
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Yep.
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..I also have a 427 Cobra replica with an aluminum chassis.
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  #14  
Old 09-17-2011, 01:19 PM
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Originally Posted by LarryBible View Post
...ALL illegal actions and impropriety, REGARDLESS of party should be investigated and punished to the fullest extent of the law IMHO.
I mostly agree, but would offer a friendly amendment. Given the imperfections in the law, prosecutors need some leeway to exercise their discretion about which cases are pursued balls to the wall and which are allowed to slide. I know that that is exactly the sort of thing that gets abused and gives an advantage to people with the right connections, but I think it is inevitable. The law is too blunt an instrument to be able to properly address all the different scenarios humans concoct. Sometimes the system relies on the good faith of those in charge.

Your basic point is dead on, though. Howard Baker exemplified the principle when he said that we needed to know what President Nixon knew and when he knew it. Other Watergate figures - Archibald Cox, Elliott Richardson, and William Ruckelshaus come to mind - also stood up for principle and are now well-regarded as a result. http://en.wikipedia.org/wiki/Saturday_Night_Massacre

Last edited by Honus; 09-17-2011 at 01:44 PM.
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