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So what's compromised?
...edition.
Jet Fuel-Gate Is Obama's New Solyndra
SolyndraGate was no isolated case of corrupt government misspending. The U.S. Navy was just forced to buy 450,000 gallons of biofuels from an Obama-connected firm at an outrageous $16 per gallon. …
Now we find the Navy partnering with the Agriculture Department to purchase hundreds of thousands of gallons of alternative biofuel in place of standard JP-5 fuel for Navy aircraft — the biggest federal purchase of biofuel ever.
It’s part of the White House’s “we can’t wait for Congress” strategy as the 2012 election year looms. But JP-5 typically costs less than $4 a gallon. If a family on a budget started filling up with $16-a-gallon gas, it might want to adopt the motto, “we can’t wait to go broke.”
A look at the lucky seller of this environmentalist version of the proverbial $600 Pentagon toilet seat indicates that the move is not just wasteful, but ethically suspect.
As J.E. Dyer noted over the weekend on the Hot Air Green Room, “a member of Obama’s presidential transition team, T. J. Glauthier, is a ‘strategic advisor’ at Solazyme, the California company that is selling a portion of the biofuel to the Navy. Glauthier worked — shock, shock — on the energy-sector portion of the 2009 stimulus bill.”
Solazyme had already gotten a nearly $22 million chunk of change out of the taxpayers thanks to the 2009 stimulus. We heard the ludicrous excuse last week from Obama Navy Secretary Ray Mabus, as quoted in the National Journal, that “we are doing this for one simple reason: It makes us better fighters” because “our use of fossil fuels is a very real threat to our national security and to the U.S. Navy ability to protect America and project power overseas.”
What about the “very real threat” to the Navy of not having enough money for the ships, fighters and ammunition it needs to protect America? President Obama’s assault on the Pentagon could scrap 60 of the Navy’s ships, including two carrier groups.
So what's compromised?
They have to cut spending on real security matters.
Which ones?
It doesn't matter.
Why should the military be forced to use their funds for something they don't want?
Of course it does.
Who said they didn't want it?Why should the military be forced to use their funds for something they don't want?
forced? where does IBD have evidence that the military was forced to buy Solazyme fuel?
The military and many corps have been planning for disruptions in fuel, energy, etc supplies due to volatile oil prices and global warming.
What if this buy works out fine, proving the point that non-oil fuel works? IBD will be exposed, again, as nothing but a shill for UCA.
IBD:
Editorials
Investors Business Daily also carries editorials and columns on topics from "economics and government to politics and culture".[4] It carries columns from writers "On The Left and On The Right",[5] including L. Brent Bozell, Richard Cohen, E. J. Dionne, Victor Davis Hanson, Charles Krauthammer, and Thomas Sowell. Pulitzer-winning cartoonist Michael Ramirez has worked for IBD since late 2005. Investors Business Daily also publishes editorials skeptical of peak oil and global warming, often proposing alternate solutions. The Times characterized IBD as a "right-wing newspaper".[6]
On July 31, 2009, an editorial at IBD, criticizing Barack Obama's healthcare plans, claimed that Stephen Hawking "wouldn't have a chance in the U.K., where the National Health Service would say the life of this brilliant man, because of his physical handicaps, is essentially worthless."[7] As Hawking was born and has always lived in the United Kingdom, and receives his medical care from the British National Health Service, the editorial was widely criticized for its inaccuracy.[6][8][9] The online version of the editorial was later corrected to remove and apologize for the implication Stephen Hawking didn't live in the UK, but did not apologize for implying the NHS would judge Stephen Hawking's life as 'worthless'[10] but IBD continued to defend the original editorial, calling the mention of Hawking a "bad example" and accusing those that mentioned their error of "chang[ing] the subject."[11] Hawking responded to the editorial by saying: "I wouldn't be here today if it were not for the NHS... I have received a large amount of high-quality treatment without which I would not have survived."[12]
http://en.wikipedia.org/wiki/Investor's_Business_Daily
They're having to spend an additional 12 dollars a gallon, for fuel, so an Obama crony can become part of the 1%. The normal fuel is about 4 bucks.
So private companies overcharge the govt? And that's an Obama scandal?
Yep. Particularly when someone personally associated with him profits.
Obamabots unite. All the things you attacked Bush on you now use that as a reason to dismiss O's hope and change.
In what way?
Be specific.
And in Conclusion: The Solyndra Bankruptcy
The loan guarantee in the 2005 legislation was intended to bring energy innovation and commercialization back home. It was essentially the only program we had to drive these innovations into the energy market. In the 2008 Stimulus Act the loan guarantee was expanded to support projects “shovel ready” to create jobs, requiring the program to be sped up and focus on technologies that were already commercial. Solyndra, which had been working with the DOE for five years, moved to the front of the line for a guarantee.
Looking back, innovation is never “shovel ready.” Innovation requires patient support. Conflating innovation and “shovel ready” projects was a mistake. Loan guarantees to support innovations that have not yet been tried are unavoidably risky. It had to be expected that some loans would fail—and some would be successful. A loss on one loan should not be used to dismantle the program.
A counterpoint to the Solyndra bankruptcy is an earlier DOE program that supported several efforts to commercialize thin-film, photovoltaic (PV) solar-cell manufacturing. Many of the firms the DOE supported failed, but First Solar succeeded. It is now a leading PV manufacturer, by virtue of innovative processes that allow it to compete with low-cost Chinese modules.
In some respects, programs like the loan guarantee, which seem initially like public support for private profits, can be a challenge for the Left. There is a long tradition on the left of challenging any and all such government support. But the loan-guarantee program should be seen as public support for a family of technologies that can produce both energy and environmental benefits. Traditional “public works” were projects like the Interstate Highway system that were purely public (though companies, of course, benefitted from infrastructure development). Now we face the challenge of transforming the energy sector into one that can produce the required amount of energy while also systematically lowering CO2 emissions. The development of these technologies will provide both private and public benefits, but it is against the latter that we should measure the value of loan guarantees.
Support for innovation, and in particular support for moving important innovations into the energy marketplace, is critical. Indeed, the compe ive advantage of renewable energy technology lies in a sector’s ability to go through rapid cycles of innovation. This should be the compe ive advantage of the U.S. domestic manufacturing industry going forward. Solyndra’s bankruptcy flowed in part from aggressive Chinese support for traditional solar technologies. The lesson here should not be to retreat but to support even more aggressive innovation.
http://www.dissentmagazine.org/atw.php?id=635
will someone let yoni know that perry has appointed many campaign contributors to head state agencies
I'm mad at dubya because he chose to start a selective war..
When one of them pours $535 Millions down a sinkhole, let me know.
President Bush acted on an authorization enacted by Congress.
"$535 Millions down a sinkhole"
How about dubya's $1T down the Iraq sinkhole?
With $1T more to go in lifetime vet medical care
How many 1000s of US military were wasted by Solyndra?
"authorization enacted by Congress"
dubya, dichkead, neocons, PNAC, MIC, CIA/NSA etc bullied and lied to Congress.
Lol @ the enlightened progressive Bush Forcefield.
TB chiming in with her usual zilch
Im a dude, moron.
, you're an idiot.
Bouton's being an idiot notwithstanding, Teysha does incline to the feminine. If I hadn't read someone else declare your sex, with apparent authority, I would have thought you female, as well.
Indignation over these types of errors in an internet forum, where anonymity combined with screwy screen names and avatars, seems pretty petty. But, if it bothers you, who am I do tell you not to act like a girl about it.
You're a .
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