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Oct 15

“i don’t think the federal government should be involved in that type of investment, period.” — Rick Perry, speaking on Solyndra, the solar technology company which received a government loan guarantee of over $500 million before filing for bankruptcy. He explained that he doesn’t have a problem with states leveraging its funds to try to spark innovation and hiring, however, and that’s a good thing — Perry has been proactive in pushing for certain industry subsidies within Texas. (via shortformblog)

(Source: shortformblog)

SunPower: Twice As Bad As Solyndra, Twice As Bad For Obama - HUMAN EVENTS

lesliebrodie:

Media_httpwwwhumaneve_bldxfvia humanevents.com

[video]

Important news from Joanne: Solyndra investor promoted panels to the Navy: report -

akikoxgrajeda:


Kopczynski said he disclosed his firm’s $47.5 million stake in Solyndra but did not disclose that the company was in financial trouble because he said it was not required.”The Navy put out a request for solar technologies with certain attributes. Solyndra and the others I recommended fit the…

Important news from Velda: Solyndra investor promoted panels to the Navy-WSJ -

bronwynmlamkin:


* Navy abandoned contract when Solyndra filed for bankruptcyWASHINGTON, Oct 13 (Reuters) - One of the largest private investors in failed solar firm Solyndra recommended the company’s panels for a U.S. Navy contract at a time when the company was struggling with cash flow, the Wall Street…

Important news from Shelley: Solyndra investor promoted panels to the Navy-WSJ -

enoladxmarron:


* Navy abandoned contract when Solyndra filed for bankruptcyWASHINGTON, Oct 13 (Reuters) - One of the largest private investors in failed solar firm Solyndra recommended the company’s panels for a U.S. Navy contract at a time when the company was struggling with cash flow, the Wall Street…

World important news by Vina: Solyndra investor promoted panels to the Navy-WSJ -

elizebethdhinma:


* Navy abandoned contract when Solyndra filed for bankruptcyWASHINGTON, Oct 13 (Reuters) - One of the largest private investors in failed solar firm Solyndra recommended the company’s panels for a U.S. Navy contract at a time when the company was struggling with cash flow, the Wall Street…

Important news from Ellen: Solyndra investor promoted panels to the Navy-WSJ -

arlawsorego:


* Navy abandoned contract when Solyndra filed for bankruptcyWASHINGTON, Oct 13 (Reuters) - One of the largest private investors in failed solar firm Solyndra recommended the company’s panels for a U.S. Navy contract at a time when the company was struggling with cash flow, the Wall Street…

Solyndra’s $535 million failure was not an unlucky one-off. According to Environmental Protection Agency numbers cited by Investor’s Business Daily in August, the Recovery Act’s $7.2 billion in “clean tech” money had “created or retained” a pathetic 7,140 jobs, at a cost of about $1 million each. According to the Department of Energy’s inspector general, one reason for this paltry payoff is the wage and regulatory provisions of the Davis-Bacon Act, the National Environmental Policy Act, and the Buy American Act.

In sum: The government scooped up hundreds of billions from taxpayers, redistributed it in the name of creating jobs, then attached a series of requirements that made job creation much more expensive and therefore unlikely. The predictably miserable results (go to reason.com and conduct searches on “green jobs” and “multiplier” to see just how predictable they were) should have, but did not, shame a broad swath of the political class into a long-overdue facing of facts: Governments the world over are worse than no good at “creating jobs.”

” — Matt Welch, Reason magazine. (via barticles)

Solyndra Funder Kaiser Paid Zero Taxes for Years -

evilteabagger:

Oklahoma billionaire George Kaiser has been in the headlines in recent months thanks to his role as a major investor in Solyndra LLC, the now-bankrupt California solar panel maker hailed by President Obama as a model for America’s “clean energy future.”

Congress is investigating why the Obama administration gave Solyndra a $535 million loan guarantee despite multiple warnings from career bureaucrats and private sector investment experts that the company was a poor risk, lacked a realistic business model and was likely to go bankrupt as a result.

Other investigations are being conducted by the FBI and the Treasury Department’s Inspector-General, and the issue is likely to remain on the public mind throughout the 2012 presidential campaign as Republicans claim Solyndra’s failure demonstrates that government “cannot pick winners and losers in the marketplace.”

Because Kaiser was a campaign “bundler” - an individual who collects contributions to a candidate from others that are then simultaneously given to the candidate - who raised about $250,000 for Obama during the 2008 campaign, congressional Republicans and media analysts have speculated that the Solyndra loan guarantee was nothing more than using tax dollars to reward a political supporter.

But the Solyndra scandal is far from Kaiser’s first brush with political controversy. As the Sunlight Foundation’s Bill Allison reports today, Kaiser has become extraordinarily wealthy by taking advantage of the federal tax code in ways that some tax experts - including the IRS - believe to be illegal.

As Allison describes it in his Sunlight post today, “in one six year period, during which he increased his net worth enough to land him on the Forbes list of the 400 wealthiest Americans, Kaiser reported taxable income to the Internal Revenue Service just once, totaling $11,699—equivalent to a full-time hourly wage of $5.62.”

More evidence to support the separation of economy and state.

Also, the IRS is unconstitutional and this is a perfect example of how ineffective it is.

(Source: antigovernmentextremist)