Urine idiot wrote:
Oh, dummbass. Your muslim hypocrite called Bush un-patriotic when 3 trillion was added to the debt caused by 9/11 and the start of the wars. Now obama adds 8 trillion with payouts to ACORN, failed green energy and just overall be a corrupt president and you nor the media call him out?
No sadly, your culture knows no shame.
rainbow connection wrote:You are further proving my point that you don't know what a scandal is - for example, how would 8 trillion added to debt ever be considered a scandal? This is why you are embarrassing.
FYI your claim that loans to green energy were a failure is doubleplus wrong - the program was a success in that it supported new businesses AND it is making good money for the government. What exactly are you complaining about? if a republican came up with the plan you would be praising it to the (bluer) skies:
http://www.msnbc.com/rachel-maddow-show/thats-not-bad-outcomeWe now know that the Republican arguments had it backwards. Bloomberg News reported yesterday:
The U.S. government expects to earn $5 billion to $6 billion from the renewable-energy loan program that funded flops including Solyndra LLC, supporting President Barack Obama’s decision to back low-carbon technologies.
The Department of Energy has disbursed about half of $32.4 billion allocated to spur innovation, and the expected return will be detailed in a report due to be released as soon as tomorrow, according to an official who helped put together the data.
The results contradict the widely held view that the U.S. has wasted taxpayer money funding failures including Solyndra, which closed its doors in 2011 after receiving $528 million in government backing.
This is no small revelation. Much of Mitt Romney’s presidential campaign was based on the assumption that the Department of Energy’s loan program was a spectacular failure. Even now, Republicans continue to point to this program as obvious proof of why it’s a mistake for Washington to invest in the clean-energy sector at all.
But Obama’s program didn’t fail at all – the loans not only bolstered the renewable-energy industry, it secured a handsome profit for you, me, and every other American taxpayer.
Michael Morosi, an analyst at Jetstream Capital LLC, which invests in renewable energy, told Bloomberg News, “People make a big deal about Solyndra and everything, but there’s a lot of VC capital that got torched right alongside the DOE capital. A positive return over 20 years in cleantech? That’s not a bad outcome.”
Quite right. In fact, it suggests Republicans had it exactly backwards – the Obama administration was extremely effective in making these investments.