September 14, 2011

Solyndra Execs To Skip Today's House Hearing
— Gabriel Malor

Solyndra's CEO and its Chief Financial Officer will skip today's House hearing that is investigating why the company got a suspect loan guarantee from the Obama Administration. They asked to appear next week instead:

Brian Harrison, Solyndra's president and CEO and Chief Financial Officer Wilbur Stover requested the delay and told House GOP aides late Monday theyÂ’re not planning to invoke their Fifth Amendment rights when they appear next week.

FBI agents searched HarrisonÂ’s home earlier this month as part of an investigation with the Energy DepartmentÂ’s inspector general regarding SolyndraÂ’s handling of $535 million in federal loan guarantees.

Last month, the company filed for Chapter 11 bankruptcy protection and laid off 1,100 workers.

The House Energy and Commerce Committee will still question two Obama Admin officials who had input into the deal. At the top of the agenda: did the Obama Administration rush the deal for a photo op; and why did the Bush Administration say no to a loan guarantee for Solyndra?

Apparently, OMB projections at the time of the loan showed that Solyndra would run out of money in 2011. Actually September 2011. It sounds an awful lot like the risks were known. Did the Obama White House disagree with the risk assessment or just not care? I think we know the answer to this, but it will be instructive to watch a pair of Administration officials try and talk their way around it without perjuring themselves.

*Pic courtesy of @CuffyP.

Posted by: Gabriel Malor at 03:20 AM | Comments (137)
Post contains 258 words, total size 2 kb.

1 Pudding futures to escalate!


Posted by: Vic at September 14, 2011 03:23 AM (M9Ie6)

Posted by: Vic at September 14, 2011 03:29 AM (M9Ie6)

3 If all the government gestapo wasn't out arresting innocent guitars we'd have peeps to bring in them solyndra crooks...  

Posted by: beanervt at September 14, 2011 03:30 AM (KZLoo)

4 Ummmmmm...UNPRECEDENTED?

Posted by: UNPRECEDENTED! at September 14, 2011 03:32 AM (vHu6+)

5 When is the MSM gonna start calling it a "scandal plagued" administration? I know "crickets".

Posted by: JimK at September 14, 2011 03:39 AM (8zxwd)

6 Somehow I don't think they will be calling him the usual "increasingly isolated" "embittered" "out of touch". Those are reserved for R Presidents.

Posted by: SurferDoc at September 14, 2011 03:42 AM (STdkO)

7 Bureaucrats live for this stuff.  Dodge, dip, dive, duck and dodge are the five things they are good at.  And they have a huge MSM to hide behind.  No one is hitting them with anything.

Posted by: dfbaskwill at September 14, 2011 03:45 AM (ndlFj)

8 I'm sure the "Administration Officials" are wondering why all the fuss about several hundred million dollars of taxpayers money.  I wonder if they were suprised someone even noticed that a mere half trillion dollars is gone.

Posted by: Case at September 14, 2011 03:45 AM (FD6YW)

9 Nice work Cuffy P!

Posted by: museisluse at September 14, 2011 03:47 AM (4Lj43)

10 8 Case, I'm old enough to remember when Congresscritters went nuts over 10 million in "waste" on the Bradley IFV...... Trillion is the new Million.

Posted by: sven10077 at September 14, 2011 03:47 AM (AEIYh)

11 Anyway we can get Obumbles to speak at the NYT?

Posted by: Lord Monochromicorn at September 14, 2011 03:48 AM (CAArl)

12 Let's see if Republicans have learned to run a committee hearing or if somehow Waxman or some other obnoxious Dem will grandstand against the Bush administration for most of the sound bites.

Posted by: Blaster at September 14, 2011 03:48 AM (Fw2Gg)

13 Sounds like Solyndra's projections were spot on. It's going to be awfully hard to press a fraud claim, and even if the government prevailed ... what? Nice job, SCOAMF.

Posted by: Andy at September 14, 2011 03:48 AM (z6jMn)

14 I hope the Solyndra execs are cuffed when they appear in front of the hearing next week. Maybe the extra time they're taking will prevent shredder overheating....

But all this means nothing. Issa and Congress can "investigate" until hell freezes over, and the worst the Solyndra bagmen face is a sternly worded rebuke. Where are the indictments?

It's the old voter intimidation/F&F/presidential overstepping of constitutional bounds thing. Congress "investigates," the perps walk. Walk away.

Including the Perp-in-Chief, that stuttering clusterf*** of a miserable failure.

Posted by: MrScribbler at September 14, 2011 03:48 AM (YjjrR)

15 7 we will hit him. Ace and Breitbart toppled Weiner. The right blogosphere can push Solyndra.

Posted by: sven10077 at September 14, 2011 03:49 AM (AEIYh)

16 >> wonder if they were suprised someone even noticed that a mere half trillion dollars is gone. I know they said there would be no math on the blog, but it's a half billion.

Posted by: Andy at September 14, 2011 03:50 AM (z6jMn)

17 Oh, and by the way, there is another 10B that the DOE has to "lend" from unspent stimulus funds. What do you bet it gets rushed too? We should have clawed all that back in the debt ceiling deal and taken it out of the baseline.

Posted by: Blaster at September 14, 2011 03:51 AM (Fw2Gg)

18 Billions, trillions, zillions.  What does it matter?  It's only taxpayers money.  It's not like its real money or anything.

Posted by: Case at September 14, 2011 03:55 AM (DYR2Q)

19 I wonder if they were suprised someone even noticed that a mere half trillion dollars is gone. Posted by: Case
........
That was half a Billion, not Trillion..  But, still, not exactly pocket change.

Posted by: Chi-Town Jerry at September 14, 2011 03:55 AM (UTq/I)

20 17 Blaster, Add in whatever did not get blown by Van Jones. His Tsarhood had a 30 billion no oversight slush fund. I am sure Vanta Claus was busy.

Posted by: sven10077 at September 14, 2011 03:56 AM (AEIYh)

21 At least this is finally getting some coverage.. I saw this covered on ABC news last night.

Posted by: Chi-Town Jerry at September 14, 2011 03:57 AM (UTq/I)

22 http://tinyurl.com/6a4wyh5 And internal emails uncovered by investigators for the House Energy and Commerce Committee that were shared exclusively with ABC News show the Obama administration was keenly monitoring the progress of the loan, even as analysts were voicing serious concerns about the risk involved. "This deal is NOT ready for prime time," one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan. "If you guys think this is a bad idea, I need to unwind the W[est] W[ing] QUICKLY," wrote Ronald A. Klain, who was chief of staff to Vice President Joe Biden, in another email sent March 7, 2009. The "West Wing" is the portion of the White House complex that holds the offices of the president and his top staffers. Klain declined comment to ABC News. mmm, mmm, mmm, barack solyndra obama, mmm, mmm, mmm

Posted by: phoenixgirl at September 14, 2011 03:58 AM (eOXTH)

23 Wilbur Stover? Nobody names their kid Wilbur anymore. What is this, the 1890's? No wonder their products didn't work.

Posted by: somebody else, not me at September 14, 2011 03:58 AM (7EV/g)

24 I think there is close to 200B in unspent funds. That is one hell of a slush fund.

Posted by: Blaster at September 14, 2011 04:00 AM (Fw2Gg)

25 24 Blaster, And no major news outlet is reporting it and we are not yet blogstorming it.

Posted by: sven10077 at September 14, 2011 04:02 AM (AEIYh)

26 I kept saying we should claw back all the unspent funds in the debt deal. But no, it is going to be an extravagant waste that lines the pockets of unions and Democrat bundlers. Probably they told the pubs don't worry we'll pay off crooks in your district, too.

Posted by: Blaster at September 14, 2011 04:03 AM (Fw2Gg)

27 the most disgusting part is....the company was in the hole $500 milliion when they gave it $500 million more.....they KNEW!!!!!

Posted by: phoenixgirl at September 14, 2011 04:04 AM (eOXTH)

28 But hey we are going to shave off 7B from next years budget! Which is due by the end of this month and is not gonna happen.

Posted by: Blaster at September 14, 2011 04:04 AM (Fw2Gg)

29 Why are we talking about this green company when racist homophobes want to kill murderers?

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:05 AM (OhYCU)

30

The leftist's thiefdom is imploding and they have no one to blame but themselves and their chosen one.

The shadenboner is raging this morning.

 

 

Posted by: dananjcon at September 14, 2011 04:08 AM (8ieXv)

31

Oh...morn' ya'll.

 

Posted by: dananjcon at September 14, 2011 04:08 AM (8ieXv)

32 This business stuff is above Obama's pay grade.

Posted by: izoneguy at September 14, 2011 04:08 AM (i6Neb)

33 I heard Bob Beckel say General Motors paid back their bailout loan.  But I also heard Neil Cavuto say GM didn't really pay it back.  Does anyone know what's going on here?  Is GM playing fast and loose with the truth?

Posted by: Case at September 14, 2011 04:12 AM (DYR2Q)

34 I do not know why people keep misspelling it as Solyndra. It's G-A-R-D-A-S-I-L.

Posted by: Blaster at September 14, 2011 04:12 AM (Fw2Gg)

35 Solyndra is Spanish for 'Perry Kills Puppies'

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:13 AM (OhYCU)

36 GM paid off their first bailout loan. With money from the second. No shit.

Posted by: Blaster at September 14, 2011 04:13 AM (Fw2Gg)

37 28 Blaster,

correct....

Bambi could have shaved off almost 100 Billion just by stripping his 20+ Tsars their "walking around money"....

if the GOP doesn't go for the jugular on this they are Stockholm'd by the media.

Posted by: sven10077 at September 14, 2011 04:13 AM (AEIYh)

38 36 blaster so it's a win win!

Posted by: phoenixgirl at September 14, 2011 04:13 AM (eOXTH)

39

I heard Bob Beckel say General Motors paid back their bailout loan.  But I also heard Neil Cavuto say GM didn't really pay it back.  Does anyone know what's going on here?  Is GM playing fast and loose with the truth?

They paid back a portion of the loan that was due.

They paid it back with remaining loan proceeds.

That's not exactly paying back the loan.  Beckel?  fast and loose with the truth??  The deuce you say!

Posted by: Sean Bannion at September 14, 2011 04:14 AM (sbV1u)

40 Joe Scarborough is an imbecile.  No offense intended to imbeciles.

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:15 AM (OhYCU)

41

Joe Scarborough is an imbecile.  No offense intended to imbeciles.

None taken!

 

Posted by: Barney Frank at September 14, 2011 04:16 AM (sbV1u)

42 33 Case,

GM gets the vast majority of their BAIL OUT converted into an "investment" by the government (a.k.a. The US Tax Payer) and then uses that money to pay off the remaining loan portion.

The US Tax Payer just got "paid back" with their own money!  And the vast majority of the bail out got converted into an "investment" so they DON'T HAVE PAY IT BACK!!

The "investment" accepted GM stock as "payment" the stock went down in value while Ogabe is wildly looking to dump the stock.

GM got $50 billion TARP funds (never mind that TARP was only supposed to cover financial institutions). About $7 billion of that came in the form of a straight-up, low-interest loan. And about $13 billion came in the form of an escrow account.

If you think all this constitutes paying back their debt in full and ahead of schedule, you might want to check out the new line of GM cars. And hope that the companyÂ’s safety engineers are better at math than their CEO.


This is like my 11 year old "borrowing" 50 bucks to buy his mom a gift for her birthday and coming home with a 3 dollar fake rose and a 35 dollar leg fighter set.


Posted by: sven10077 at September 14, 2011 04:18 AM (AEIYh)

43 Obama is a Stuuttttering Clusterfu*k of a Marxist Failure

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:18 AM (OhYCU)

44 Also, I don't if anyone else is getting a weird vibe off of Perry but I am. I know he is on the defensive because everyone is piling on, but he doesn't punch at Obama hard enough. And at some point he has to move beyond the country needs to be more like Texas. That's a hard sell even in Virginia.

Posted by: Blaster at September 14, 2011 04:19 AM (Fw2Gg)

45 so what is tardborough going on about on DNCTV?

Posted by: sven10077 at September 14, 2011 04:19 AM (AEIYh)

46 so what is tardborough going on about on DNCTV?

Republicans are shameful racists and Obama means well.  Standard fare.

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:22 AM (OhYCU)

47

And at some point he has to move beyond the country needs to be more like Texas. That's a hard sell even in Virginia

Exactly right.  He's running the risk of looking like George Bush 2.0.

Sad thing is, I don't think he cares. 

Posted by: Sean Bannion at September 14, 2011 04:22 AM (sbV1u)

48

Republicans are shameful racists and Obama means well.  Standard fare.

This is how you know Scarborough is a lib.

 When you catch a conservative on a point in an argument, he'll go away, do the reasearch and come back with facts that prove you wrong, or point out the other 8 facts that the lib left out of his original argument that don't support it.

When you catch a liberal on a point in an argument, he'll call you names like a four-year year old.

And if you think I'm wrong you're all poopy-heads.

Posted by: Sean Bannion at September 14, 2011 04:23 AM (sbV1u)

49 46, Yep. I think he is a little shell shocked right now. I know Texas politics is a full contact sport, but I do not think he was prepared for the assault he is getting from both sides. His Palinization has just begun. They havn't even started on his family yet.

Posted by: Oldsailor's poet at September 14, 2011 04:24 AM (ZDUD4)

50 48 Cherry Pi,

Really?

I would have thought Tardborough would have been trhilled.  Turner is a NYC Republican, a creature that should be protected by the Endangered Species Act.  Isn't his "republican" buddy Bloomy happy?

Posted by: sven10077 at September 14, 2011 04:24 AM (AEIYh)

51 One million dollars!

Posted by: Doctor not Mr.Evil at September 14, 2011 04:25 AM (dSUKw)

52 50 Sean Bannion,

I think he is not moral enough to be a liberal.  He is a sellout.  No more no less he is every bit the hired gun that Qadaffi's mercs were.

Posted by: sven10077 at September 14, 2011 04:25 AM (AEIYh)

53 >>They havn't even started on his family yet. Funny you should say that. http://tinyurl.com/5wrgtuw

Posted by: JackStraw at September 14, 2011 04:28 AM (TMB3S)

54 51 Oldsailor's Poet,

yeah it sure is awesome Barry Soetoro has such an awesome untroublesome wholesom extended family isn't it?

Perry is not Bush 2.0 and his governing of Texas shows it. 

Perry is Bush 2.0 in the same sense that mitten is Dukakis 2000...

ie not at all

Posted by: sven10077 at September 14, 2011 04:28 AM (AEIYh)

55 Does anyone know if there is a list out there of solar energy companies that have received the same type of "loan" as Solyndra?  We've got Solar Ovonics in Greenville, MI which has practically shut it's doors and was a big Jennifer Granholm (D) contributor. 

Posted by: Auntie Entity at September 14, 2011 04:28 AM (FU3yL)

56

I think he is not moral enough to be a liberal.  He is a sellout.

He's a sell-out I agree.

But if you thnik liberals are moral, I'd like to talk to you about a bridge in Brooklyn.

I seriously haven't met one yet.  It always starts well.  But after a while the mask slips.  Behind all the touchy-feely-can't-we-all-get-along talk, they're all totalitarians.  And frankly, that's evil.  I've never met a lib who wasn't willing to use the threat of force to achieve what they thought was "right", "just" and "fair."

Posted by: Sean Bannion at September 14, 2011 04:28 AM (sbV1u)

57 55 Jack Straw,

see we're even-handed....

we grip the GOP candidate with both hands on their throat.

//M$M

Posted by: sven10077 at September 14, 2011 04:28 AM (AEIYh)

58 Joe and crew all agreed this morning that we "must" add some gas taxes to stop "climate change". 

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:30 AM (OhYCU)

59 58 Sean Bannion,

I think my body of work says enough about what I feel about the morality of Karl Marx's little enablers...

that said I respect the miniscule amount of moral loyalty the donks have to their misguided idiocy a lot more than I do to a guy who sold his Republican views for a gig on a 3d rate 5th class vanity network like MSDNC....

once upon a time Scarborough was conservative.

I am angrier at traitors than enemies.

Posted by: sven10077 at September 14, 2011 04:31 AM (AEIYh)

60

Perry is Bush 2.0 in the same sense that mitten is Dukakis 2000...

Yes, but that's not how he's going to be perceived if he keeps up the "we do everything better in Texas" schtick.

It's a hazard, and he needs to keep a lid on it.  Jus' sayin'

As hard as it may be for Texans to accept, not everyone in the country wants to be a Texan.

Posted by: Sean Bannion at September 14, 2011 04:31 AM (sbV1u)

61 You can't replace fossil fuels with an energy source that can't sell itself. DUH. I don't know why this is so hard to understand.

Posted by: dagny at September 14, 2011 04:31 AM (JeSIQ)

62

I am angrier at traitors than enemies.

Point taken.  I'm with you there.

Posted by: Sean Bannion at September 14, 2011 04:32 AM (sbV1u)

63 Is this what the Obama Administration considers to be an investment?  Usually there's a contract to produce X number of product for Y number of dollars, therefore, how could Solyndra assert that foreign competition brought about their downfall if they had a contract?  Was their business plan really that compelling, as in crazy compelling?

Posted by: Fritz at September 14, 2011 04:33 AM (/ZZCn)

64

To quote Lynard Skinnard, "ooh that smell."

 

Heard on the radio that Biden has an email stating that he needs to stop the West Wing if the government budget analysis of the Solyndra business plan is true. Who would have thought that Biden was the intelligent one in the WH? Biden is so smart that he documented his innocence via email. Wow, kudos to Biden. It really must suck to be Sparky on this one. No one to blame - he just might get to know the undercarriage of his funeral magic bus.

Posted by: Sub-Tard at September 14, 2011 04:33 AM (0M3AQ)

65 I don't remember W selling his campaign on the US being like Texas but hey it's been a long time. Maybe I have forgotten. I am sure that the press would love to pin a just like Bush on him but problem with that story line is Bushs retrospective popularity is going up. And it would be easy to say yep i will bring back 5% unemployment and 160B deficits just like Bush. In other words, not the weapon it was a year ago. No the narrative has started on dumping on Texas. The push will be sure they have jobs in Texas but would you want to live there? They will spare nothing. I expect anti stories that trash Texas for all the violent criminal illegal immigrants. What, they will lose the Hispanic vote, or lose Texas? No risks

Posted by: Blaster at September 14, 2011 04:33 AM (Fw2Gg)

66 The Austin American-Statesman publishes the latest installment of Perry family financial scrutiny, this time examining first lady Anita Perry's $60,000-a-year nonprofit salary: Well, Well, 60k ? Amateurs. What about Flotus's 300k a year hospital no show job?

Posted by: Oldsailor's poet at September 14, 2011 04:33 AM (ZDUD4)

67 I just learned on Morning Joe that "The Islamist feeling is merging with anti-Americanism".  This is new news!!!  Wait... the Cairo Speech... the first Black President.  Don't they know we have an historic President?

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:34 AM (OhYCU)

68

As hard as it may be for Texans to accept, not everyone in the country wants to be a Texan.

Posted by: Sean Bannion at September 14, 2011 08:31 AM (sbV1u)

Boy thats a relief, cause we got too many Yankees moving here as it is.

Posted by: Velvet Ambition at September 14, 2011 04:35 AM (KwL7a)

69 $60,000? I take it she's part-time?

Posted by: dagny at September 14, 2011 04:35 AM (JeSIQ)

70 It took me three years to lose $800,000 on my restaurant. How the FUCK do you piss away $535,000,000 in two years?! It's not like they started from scratch - but even if they had to build the facility, buy the tooling... HOW?! There's some Brewster's Millions shit going on here.

Posted by: Empire of Jeff at September 14, 2011 04:36 AM (l9zgN)

71 You can't buy me for $60,000 - I'm offended.

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:36 AM (OhYCU)

72

Who would have thought that Biden was the intelligent one in the WH? Biden is so smart that he documented his innocence via email

This does not surprise me.

Biden is a buffoon and the dimmest bulb in any room.

But he's also a political survivor and he knows, because he's an idiot, that no one is going to protect him if a scandal heads his way.  So he keeps an eye out for his ass and cover it on a daily basis.

Seriously, for this reason alone, we would have been better off with a President Biden than JEF.

Besides, think of all the hilarious Jon Stewart routines that would spring from a Biden presidency.

Posted by: Sean Bannion at September 14, 2011 04:36 AM (sbV1u)

73 Barackster's Millions.

Posted by: Empire of Jeff at September 14, 2011 04:37 AM (vzFJV)

74

Boy thats a relief, cause we got too many Yankees moving here as it is.

Don't get too comfortable, I'm looking for a job in Houston.  ;-)

Posted by: Sean Bannion at September 14, 2011 04:37 AM (sbV1u)

75

Thanks for the info guys.  I knew Beckel was full of sh*t when Cavuto said GM really didn't pay it back.  But Cavuto did not go into any detail. 

All this is so depressing.  Our own government ripping off the country.  And because its the government I guess its suppose to be legal.

Posted by: Case at September 14, 2011 04:37 AM (DYR2Q)

76 Listening to Bachmann causes mental retardation. Are we done with her yet?

Posted by: Joffen at September 14, 2011 04:38 AM (EPcuy)

77 79, You should marry that guy.

Posted by: Barney Frank at September 14, 2011 04:40 AM (ZDUD4)

78

Don't get too comfortable, I'm looking for a job in Houston. ;-)

Posted by: Sean Bannion at September 14, 2011 08:37 AM (sbV1u)

You will like it here, it was just 102 yesterday but a cold front is coming in next week and they say in will drop into the low 90's

Posted by: Velvet Ambition at September 14, 2011 04:40 AM (KwL7a)

79 >>Yes, but that's not how he's going to be perceived if he keeps up the "we do everything better in Texas" schtick. I agree 100%. There's a fine line between being proud of your state and sounding offensive toward others. It's the transition between being a governor and a national candidate. You can practically hear Perry sneering when he talks about other states. He needs to get over that pronto.

Posted by: JackStraw at September 14, 2011 04:41 AM (TMB3S)

80

You will like it here, it was just 102 yesterday but a cold front is coming in next week and they say in will drop into the low 90's

My Dad lives in Dallas, he likes it.  But I can't stand Dallas.

I'll do Houston, Galveston, San Antonio, Austin, or even El Paso.  Just something about Dallas that rubs me the wrong way.

Posted by: Sean Bannion at September 14, 2011 04:41 AM (sbV1u)

81 I am tired of hearing about the NY election.  We seem to be in Bachmann Turner Overkill.

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:42 AM (OhYCU)

82 @80 - Thread winner. And, yeah, I got my own DOOM this morning. Get off my lawn.

Posted by: blaster at September 14, 2011 04:42 AM (Fw2Gg)

83

We seem to be in Bachmann Turner Overkill.

Hey, we're just Takin' Care of Business.

Posted by: Sean Bannion at September 14, 2011 04:43 AM (sbV1u)

84 Texas has the cattle but Washington D.C. has the bullshit.

Posted by: Case at September 14, 2011 04:45 AM (DYR2Q)

85 Joe Biden can debate the Republican VP pick (Rubio) by underscoring that he too is a victim of Gardisil mental retardation.

Posted by: Wonkish Rogue at September 14, 2011 04:45 AM (dSUKw)

86

King Obama can be as corrupt as necessary. Please do not question his highness or his subjects. TAX payers will simply be asked to pony up more to cover the corruption gap.

...In the New Energy Ecconomy.

Posted by: Lemon Kitten at September 14, 2011 04:45 AM (0fzsA)

87
Apparently, OMB projections at the time of the loan showed that Solyndra would run out of money in 2011. Actually September 2011.

Damn, that's pretty good. Too bad Teh One (aka SCoaMF) didn't listen. I guess he thought there would be no math in this exam...

Posted by: I R A Darth Aggie © at September 14, 2011 04:46 AM (1hM1d)

88 Fuckin' risk assessments - how do they work?

Posted by: Empire of Jeff at September 14, 2011 04:46 AM (vzFJV)

89 62 Sean Bannion, Thus far everything IS better in Texas, and that's coming from an Ohioan who has seen a lot of the country. The corridor between the OK border and Houston has two depressed areas in it. The rest of it is made of gold. I'm sorry if the rest of the country's butt hurts that their budgets were in worse shape. My home state of Ohio put the tobacco money into the general fund and took the high tax yields of the peak Bush years increased spending to meet it and set that as the new base line. That is why other states are in trouble.

Posted by: sven10077 at September 14, 2011 04:47 AM (rpQ/V)

90 Green jobs!!!!!

Posted by: Peregrine Took, Hobbit Barbariarian at Biden's Gates of Mordor at September 14, 2011 04:47 AM (64S5N)

91

It took me three years to lose $800,000 on my restaurant.

Hey, wanna open a bakery with me?  If we don't lose all the capital in the first 3 years we can amuse ourselves by consistently keeping our employee roster under 50 just to frustrate the Great Nanny State.

Posted by: Sean Bannion at September 14, 2011 04:48 AM (sbV1u)

92 The thing about the green economy is that it is morally superior so losing money is perfectly defensible because they are saving the world. Come on, a half billion dollars, or do you want all the polar bears to die? Earth in the balance?

Posted by: blaster at September 14, 2011 04:48 AM (Fw2Gg)

93 Obama will throw Biden under the bus for Solydra.  Biden will NOT be happy, and will "let" some big secrets out.  This is the beginning of the end for Obama.

Posted by: chillin the most for Perry at September 14, 2011 04:48 AM (6IV8T)

94 You could turn your employee cafeteria into an actual working titty bar and still not piss away $535M.

Posted by: Empire of Jeff at September 14, 2011 04:49 AM (l9zgN)

95 Move along, nothing to see here.

Posted by: Woodward & Bernstein at September 14, 2011 04:50 AM (3W5aC)

96

So they get to say, "Sorry, Representatives, but this hearing doesn't fit into our schedules.  Can we do next week instead so we have time to get our stories straight with the Administration?" 

I'm fairly certain if I tried to pull that same crap with a House hearing after essentially stealing half a billion dollars from the government, I'd be given a resounding, "NO," in response.

Posted by: MWR, Proud Tea(rrorist) Party Hobbit at September 14, 2011 04:50 AM (4df7R)

97 Obviously Perry will keep bringing up Texas, along with the other candidates. I don't see a "better in Texas" point of view from Perry...

Posted by: Joffen at September 14, 2011 04:51 AM (EPcuy)

98

Thus far everything IS better in Texas, and that's coming from an Ohioan who has seen a lot of the country.

Dude, I know.  I've lived there.  Kileen, 1990.  After 21 years in uniform, I've lived all over the country too.  I spent a lot of time traveling Texas in my off time.  I like it.

The problem is, as JackStraw noted above, that Perry needs to make the leap from Governor to national candidate.  He can't do that if he keeps pointing to Texas. 

For the average low-information voter out there (and that's the majority of the electorate) Texas is a bug, not a feature.  The stereotypes of Texas exist in their minds (and nowhere else) and Perry just needs to realize that.  He should play to his strengths, yes.  But his answer to every single question sould not be "Texas!!!111!!!! elevnty!"

Posted by: Sean Bannion at September 14, 2011 04:52 AM (sbV1u)

99 I like Texas and if I had to pick a place to go to and start over, Texas is top of the list. BUT - Perry has to get a stroy that is better than "this is what we did in Texas." That's his resume, so it is obviously what he has to sell, but he has to move to a this is what is good for the country. Like I said, the narrative is moving to making Texas look like a living hell. It has already started. It won't be true, but if you don't go to Texas, you don't know.

Posted by: blaster at September 14, 2011 04:52 AM (Fw2Gg)

100 Ponzi Greens

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 04:54 AM (OhYCU)

101 If I'm an angel investor and I read a business plan that stated "There is a market for solar panels," I'd roll it up and beat the applicant with it like a puppy who pissed on my rug. And sure, Sean. I can make brioche that looks just like a titty.

Posted by: Empire of Jeff at September 14, 2011 04:54 AM (vzFJV)

102

And sure, Sean. I can make brioche that looks just like a titty.

Is there any other kind??  I'll handle the bread, you handle the viennoiserie

Posted by: Sean Bannion at September 14, 2011 04:56 AM (sbV1u)

103 103, Yep, It's ok the first 100 times, but eventually it sounds like the new guy at work that always says "at my last job, we did it this way". Eventually someone cracks and says, "Then go back to your other FKN job".

Posted by: Barney Frank at September 14, 2011 04:57 AM (ZDUD4)

104 Handle your own vienna sausage, you creepy Cav puke.

Posted by: Empire of Jeff at September 14, 2011 04:58 AM (vzFJV)

105

Reason for delay:  getting their stories straight.   If I were the investigators I would want to know who they or their lawyers spoke to in the interim.    Anyone from the Obama administration?  

 

Obama '12:  It's Not Obstruction of Justice If You're Green

Posted by: The Regular Guy at September 14, 2011 04:58 AM (qHCyt)

106 Darn the sock

Posted by: Oldsailor's poet at September 14, 2011 04:58 AM (ZDUD4)

107 The narrative on Solyndra should be easy. This company applied for a loan under this program under the Bush administration, and was turned down because it was not promising enough. Under teh Obama administration, an Obama bundler invested, visited the White House, and they rushed through approval so they could get good optics at a press conference, when even people in Biden's office were smart enough to think it was a bad idea. Easy peasy. But the press is going to cover this in green glory, and by the time it is over the Solyndra execs will be hapless victims of anti-science Republicans with a political agenda.

Posted by: blaster at September 14, 2011 04:58 AM (Fw2Gg)

108 You know, a good Congressional investigation would find out how much of that Solyndra money was funneled to the DNC.

Posted by: Oldsailor's poet at September 14, 2011 05:00 AM (ZDUD4)

109

Handle your own vienna sausage, you creepy Cav puke.

If you ain't Cav, you ain't shit.

(Of course, I never understood the double negative.  They cancel each other.  It really means if you are Cav, you are shit.  Of course, my Squadron Commander told me to STFU.)

Posted by: Sean Bannion at September 14, 2011 05:00 AM (sbV1u)

110 The Cav has Apocalypse Now and Duval. I had Top Gun and Cruise. You win FKR.

Posted by: Oldsailor's poet at September 14, 2011 05:02 AM (ZDUD4)

111

The narrative on Solyndra should be easy. This company applied for a loan under this program under the Bush administration, and was turned down because it was not promising enough

It should be easy enough.  But I'm too cynical, I've spent too many years watching "journalists" turn facts into pretzels.  Notice the first response from the left yesterday.  "Bush took loan applications from Solyndra too!!"

Then they downplayed the whole part where those applications were denied.

The real story should have been "Obama Administration Finds That Math is Hard."

Posted by: Sean Bannion at September 14, 2011 05:03 AM (sbV1u)

112 OSP don't forget the Village People!

Posted by: blaster at September 14, 2011 05:03 AM (Fw2Gg)

113

Apparently, OMB projections at the time of the loan showed that Solyndra would run out of money in 2011. Actually September 2011.

 

Where's the cite for this?   It's great stuff, if true.

Posted by: The Regular Guy at September 14, 2011 05:04 AM (qHCyt)

114 117, :-(

Posted by: Oldsailor's poet at September 14, 2011 05:04 AM (ZDUD4)

115 Of course, my Squadron Commander told me to STFU. I ran into that a lot. "Because it... Look, you don't- GET DOWN AND DO SOME FUCKING PUSHUPS!"

Posted by: Empire of Jeff at September 14, 2011 05:04 AM (vzFJV)

116

"Because it... Look, you don't- GET DOWN AND DO SOME FUCKING PUSHUPS!"

Lemme see, don't tell me, usually delivered by some E-6 with a 92 ASVAB score, right?

I went to Infantry OSUT in '82 because I had enlisted in a Reserve unit as part of my ROTC scholarship program.  I got that a lot.

"C'mere College Boy!  Do push ups until I get tired!"

Posted by: Sean Bannion at September 14, 2011 05:07 AM (sbV1u)

117 Apparently, OMB projections at the time of the loan showed that Solyndra would run out of money in 2011. Actually September 2011.

PWC issued a "going concern" audit opinion in 2010, 2 months before Obama's speech

Posted by: cherry pi, terrorist hostage taking SOB at September 14, 2011 05:08 AM (OhYCU)

118

PWC issued a "going concern" audit opinion in 2010, 2 months before Obama's speech

See, that's the thing I hate about DC.  Even with the smallest routine actions, we have to worry about "optics."  If the optics are good, they''' do it anyway.  No matter what "it" is or even if "it" is a smart decision.

How about just giving the taxpayer what they're paying for?  How about that?

However, I will say, I've never seen a group of staffers and cabinet officials in multiple agencies who were as incompetent as this current crew.  Nor have my peers.  And that's really saying something since my office is mostly Dems.

Posted by: Sean Bannion at September 14, 2011 05:11 AM (sbV1u)

119 @ 121 Get... Out... Of my MIIIINNNND!!!

Posted by: Empire of Jeff at September 14, 2011 05:13 AM (l9zgN)

120

My Dad lives in Dallas, he likes it. But I can't stand Dallas.

I'll do Houston, Galveston, San Antonio, Austin, or even El Paso. Just something about Dallas that rubs me the wrong way.

Yea, but if you had one of them Dallas Cowboy cheerleader rubbing you it would not be the wrong way. IYKWIMAITYD

Posted by: Velvet Ambition at September 14, 2011 05:18 AM (KwL7a)

121

Yea, but if you had one of them Dallas Cowboy cheerleader rubbing you it would not be the wrong way. IYKWIMAITYD

Oh, do they issue one when you move within the Dallas city limits?

'Cause in that case I'll be there next week.

Where do I put my order in for a ginger?

Posted by: Sean Bannion at September 14, 2011 05:20 AM (sbV1u)

122 "Notice the first response from the left yesterday. 'Bush took loan applications from Solyndra too!!'" Just like those bigass car dealership model year-end clearance sale ads on the radio: "Every loan application will be accepted!"

Posted by: FRONT TOWARD LEFT at September 14, 2011 05:22 AM (cbyrC)

123 He has win the nomination first, and they are high-information voters. If the other clorwns were to punt - he could go after O fulltime. With Bachmann going insane, Romney violating the 11th Commandment, and the also rans fading - he just needs to cut a deal with Sarah and go after O

Posted by: Jean at September 14, 2011 05:26 AM (tvOF2)

124 Who was the DoE analyst who predicted they would run out if money in 9/2011, and why is he or she not moved on to Wall Street.

Posted by: Jean at September 14, 2011 05:30 AM (tvOF2)

125 Who was the DoE analyst who predicted they would run out if money in 9/2011, and why is he or she not moved on to Wall Street.

Posted by: Jean at September 14, 2011 09:30 AM (tvOF2)

Or their lifeless body not found in a park and ruled suicide

Posted by: Velvet Ambition at September 14, 2011 05:40 AM (KwL7a)

126 The funny thing is that on the main page, there are web-ads for homemade solar panels.

Posted by: Arcade Hero at September 14, 2011 05:44 AM (CGzVV)

127

*SNORT*  This whole issue is a result of the 2010 mid-term elections.  Had the Dems. held the House, there would be nothing going on.  Another huge "stimulus" or three would have been taken place by now, and Solyndra would be progressing with their ill gotten gains courtesy of the tax payers.  However, as the Repubs. now control the House, no freebies are going out.

 

Think about it.  This is just the beginning.  There are, likely, a number of companies (greenies) out there that going loans or handouts by this administration that are teetering on the cusp and dependent on another handout.  The cards...they are falling.

Cheers,

The Worm

Posted by: The Worm at September 14, 2011 06:00 AM (+jY+B)

128 The MFM coverage on this story has been unexpected predictable.

Posted by: TheQuietMan at September 14, 2011 06:13 AM (1Jaio)

129

This timeline is damning:

March 2010 : PricewaterhouseCoopers issues a report that raises serious doubts about Solyndra's future. From the audit: “The Company has suffered recurring losses from operations, negative cash flows since inception and has a net stockholders’ deficit that, among other factors, raise substantial doubt about its ability to continue as a going concern.”

May 2010 : President Obama visits Solyndra, touting the company as a symbol of progress to cheers from workers and California leaders. “The true engine of economic growth will always be companies like Solyndra,” he said.

So the White House -- which, believe you me, vetts every speech and every appearance by the President (and, really, any President), knew that there was this PWC report out there questioning the viability of Solyndra.   But the President went there anyway.

What did Obama know?   When did he know it?  Ask the damn question.

Posted by: The Regular Guy at September 14, 2011 06:16 AM (qHCyt)

130 Yapping going on @ C-Span. Emails mentioned. Jeffrey Zients from WH OMB spinning emails right now.

Posted by: ChristyBlinky at September 14, 2011 06:42 AM (baL2B)

131 "What did Obama know? When did he know it? Ask the damn question." Even better: Inventory every last piece of equipment in those plants and verify that invoices and receipt-of-goods records match. Make sure that everything falls within acceptable range of fair market value. I'd even get engineers to pull up samples of poured concrete and make sure that the aggregate composition matches what was billed. Where Obama screwed the pooch is in failing to coopt the GOP into the ARRA looting. Outside of the Maine sisters and serial turncoat Arlen Specter, ARRA got not one GOP vote. Remember how the Lincoln S&L conspirators dragged McCain into the mess as a token GOP shield? Obama is so greedy for the loot that he would never give up even one red cent for the leverage it would have provided.

Posted by: FRONT TOWARD LEFT at September 14, 2011 06:44 AM (cbyrC)

132 This is going to be good watching Jay Carney trying to spin this bucket of shit.

Posted by: mpfs, TPT & Barbarian at September 14, 2011 06:47 AM (iYbLN)

133 Jay Carney trying to redirect our attention:  "Officers, they are looting the Food King!"

Posted by: mpfs, TPT & Barbarian at September 14, 2011 06:48 AM (iYbLN)

134

They asked to appear next week instead

To which the House should have said 'Your company is broke, its not like you need to go in to the office any more.'

Posted by: Sol Rosenberg at September 14, 2011 08:05 AM (UU0OF)

135 @105 EoJ, you should know that there IS a market for solar panels. The problem is that it's not a very large market because the panels themselves are quite expensive compared to the electricity that they generate. There are tax subsidies that make it somewhat appealing to some people, but it still doesn't make any economic sense to use them for power if you've got access to an electric company. I read in an email the other day that there's a fellow near Austin (that's in Texas, y'all) who recently put in a $32,000 solar panel. On the first day in operation, it generated a whopping $2.20 worth of power and that's probably the best it's ever going to do. In four or five years, maybe ten, a hailstorm will come by and wipe out what remains of his "investment". Or maybe the solder joints will corrode or the inverters will go bad or the top cover will get dirty or will yellow or whatever and he won't feel like paying to have it fixed. The point is that solar energy is not free and, in fact, it's not free of ongoing cost.

Posted by: jonathang at September 14, 2011 10:18 AM (aYOnh)

136 Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: steevy at September 14, 2011 01:10 PM (fyOgS)

Posted by: christine at September 14, 2011 10:04 PM (UUR7d)

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