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  1. #26
    I don't really care... Yonivore's Avatar
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    You've. got. to. be. kidding! Who woulda thunk it?

    Treasury: Ya Know, That Solyndra Loan Was Probably Illegal

    Treasury officials, on several occasions, questioned the legality of the Department of Energy’s approval of a loan restructuring for the now-bankrupt solar panel manufacturer, Solyndra, according to internal government emails obtained by FOX Business.

    The emails show Treasury officials and a handful of accounts raised concerns with officials at the Departments of Energy and Justice that the proposed restructuring violated federal regulations. The Department of Energy eventually approved the agreement that brought in more private capital on the condition those investors would largely stand before the federal government in the event Solyndra filed for bankruptcy. The solar company did so nearly seven months later.

    “The le XVII statute and the DOE regulations both require that the guaranteed loan shall not be subordinate to any loan or other debt obligation,” wrote one Treasury official in an email to another in August. “I will bet a quarter that the DOE lawyers have some kind of theory on how whatever restructuring they have done and whatever they are considering doing does not violate these requirements. Can’t wait to hear it.”

    Read more: http://nation.foxnews.com/solyndra/2...#ixzz1anDk6Zwo
    I'm Shocked! Shocked, I tell you!

  2. #27
    Alleged Michigander ChumpDumper's Avatar
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    It's pretty much gone away already.

  3. #28
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    hey Yoni, what about the 5000 US military lives and $2T+ dubya wasted going after those WMD and that "bad man"?

    We're all thrilled you have an objective perspective.

  4. #29
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    G&P pumping their gun-fetishist bubbas full of crap. Ignorance and lying, It's The Patriotic Thing, for God and Country:


    ‘Guns & Patriots’ Editor Creates Fake Solar Scandal About SunPower, Murdoch’s Fox News Misinformers Run With It

    Misinformed editor claims SunPower is getting a $1.2 billion loan guarantee, equating it to Solyndra. Note to real reporters: SunPower isn’t even getting the loan guarantee — it is simply building a 250-MW solar PV project for the global energy company NRG.

    When Total, the 14th largest oil and gas company in the world, bought 60% of leading solar manufacturer/developer SunPower back in June, here’s what the company said:

    We evaluated multiple solar investments for more than two years and concluded that SunPower is the right partner based on its people, world-leading technology and cost roadmap, vertical integration strategy and downstream footprint.

    What did the pundits on Fox News say about it? Nothing.

    But when an editor for Guns & Patriots magazine (yes, you read that correctly) strung together a completely bogus “scandal” about SunPower using disparate pieces of information, the network was all over it — allowing this “bigger than Solyndra” story about a $1.2 billion loan guarantee to take over the prime time airwaves.

    Here’s the catch: None of this punditry is based on reality. SunPower isn’t even getting the loan guarantee. Although it was offered a conditional commitment originally, it is simply constructing a 250-MW project using its high-efficiency modules — and it has already sold the project to the massive energy company NRG while establishing an agreement to purchase the power. But that didn’t stop the hopelessly misinformed pundits and “business reporters” at Fox News to jump on the story.



    http://thinkprogress.org/romm/2011/1...ndal-fox-news/
    Last edited by boutons_deux; 10-15-2011 at 01:43 PM.

  5. #30
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    Unlike Solyndra, other California solar projects appear on track

    As Republican lawmakers pound the Obama administration for pouring a half-billion dollars into now-bankrupt solar panel maker Solyndra, a much bigger federal government bet on green energy looks to be quietly paying off for California.

    Six large solar power plants to help the state meet its ambitious clean electricity goals are proceeding on schedule, according to their developers. Like Solyndra, these projects carry federal loan guarantees — $7 billion worth in total — which are considered key to attracting private investment in alternative energy.

    The plants are expected to create nearly 4,000 construction jobs over the next five years and an additional 250 permanent jobs after they're up and running. All the power generated will be sold to California utilities at fixed prices under long-term contracts already approved by state regulators.

    U.S. taxpayers could still be forced to make good on the debt if any of the projects go awry. Still, the prospect of a financial meltdown similar to Solyndra's appears unlikely, experts said. In contrast to the Fremont, Calif.-based panel maker, which was battered in part by low-cost compe ion from foreign manufacturers, the power plants are benefiting from state mandates for home-grown clean energy.

    "It's like building a hotel and having 100% occupancy pre-booked for 20 years before the ground is broken," Damien LaVera, a spokesman for the U.S. Department of Energy, said of the long-term contracts.

    Still, Solyndra's collapse has left the renewable-energy sector on the defensive. Congressional committees and cable television pundits have questioned the viability of green technology, its need for subsidies, and whether the federal government should be picking winners and losers in energy markets.

    Green advocates counter that global fossil fuel subsidies totaled almost a half-trillion dollars last year, according to the International Energy Agency. Much of the world's oil comes from unstable or undemocratic regimes.

    Meanwhile, China has vaulted ahead of the U.S. in the production of wind turbines and solar panels needed to reduce dependence on foreign oil and combat climate change. Beijing has heavily subsidized these emerging industries, creating tens of thousands of jobs in China at a time when U.S. lawmakers are distancing themselves from alternative energy because of the Solyndra scandal.

    Green power is "a fat, political target at this particular time," said Jan Smutny-Jones, executive director of the Independent Energy Producers Assn. "That's unfortunate, because the vast majority of projects here in California are actually moving forward and creating jobs."

    California leads the nation in the production of solar energy and accounts for about a quarter of the estimated 100,000 U.S. solar jobs. That's partly a function of the state's abundant sunshine, but it's due largely to government policy.

    This year, state lawmakers and Gov. Jerry Brown approved legislation requiring all private and municipal electric utilities to get at least one-third of their power from non-fossil fuel sources by 2020. The so-called renewable portfolio standard is expected to help California meet a legal mandate to cut carbon dioxide and other greenhouse gas emissions linked to global warming to 1990 levels by the end of the decade. The law calls for an 80% decrease by mid-century.

    Electric utilities in California see commercial-scale solar, wind and geothermal plants as the fastest way to comply with the state's tough standards. They've signed numerous contracts with developers, who credit federal loan guarantees for helping them attract the private-sector capital they needed to launch. The renewable sector was hit hard by the U.S. financial crisis; a number of start-ups had difficulty getting financing.

    "Many of these projects would not get built had it not been for the loan guarantees," said Brett Prior, a senior analyst with GTM Research in Boston. "With the newer technology, banks are not comfortable lending, so the idea is for the government to step in."

    The most advanced of the new crop of California projects is the Ivanpah Solar Electric Generating System being built by Brightsource Energy Inc. in the Mojave Desert near the California-Nevada border. The plant, which uses mirrors to concentrate solar energy to create steam that runs turbines — has been under construction for a year and is expected to be online by the end of 2013.

    At 392 megawatts, the plant will generate enough electricity to power 140,000 homes during periods of maximum demand.

    Ivanpah, which also has financial backing from Google Inc. and NRG Energy Inc., got a $1.6-billion federal loan guarantee.

    Joe Desmond, Brightsource's senior vice president, said he "has tremendous confidence" that U.S. taxpayers won't lose a dime on his project.

    Federal loan guarantees also helped First Solar Inc. of Tempe, Ariz., attract equity investors in two commercial-sized photovoltaic generating stations: Antelope near Lancaster and Desert Sunlight near Desert Center in Riverside County.

    A third First Solar project, Topaz in San Luis Obispo County, failed to get a Department of Energy loan guarantee before the program ended Sept. 30.

    The 230-megawatt Antelope project, which was sold to Excelon Corp., won a federal guarantee for a $646-million loan, and the 550-megawatt Desert Sunlight, which was sold to NextEra Energy Inc. and GE Energy Financial Services, received one for $1.5 billion.


    http://mobile.latimes.com/p.p?m=b&a=...%3D0%26DPL%3D3

  6. #31
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    Repugs and all y'all Repug suckers, dupes, G F Y

    Hey, pussy eater, DoE and its highly successful investment programs aren't "GOING AWAY", either!

    After Solyndra Loss, U.S. Energy Loan Program Turning A Profit?

    In 2011, solar panel company Solyndra defaulted on a $535 million loan guaranteed by the Department of Energy. The agency had a few other high-profile bankruptcies, too — electric car company Fisker and solar company Abound among them. But now that loan program has started turning a profit.

    Overall, the agency has loaned $34.2 billion to a variety of businesses, under a program designed to speed up development of clean-energy technology.

    Companies have defaulted on $780 million of that — a loss rate of 2.28 percent. The agency also has collected $810 million in interest payments, putting the program $30 million in the black.

    When Congress created the loan program under the
    Energy Policy Act of 2005 ( iow, it's REPUG program! ), it was never designed to be a moneymaker.

    In fact, Congress imagined there would be losses and set aside $10 billion to cover them.

    Still, when the Solyndra case emerged Republicans on Capitol Hill had pointed criticism for the Obama administration. Rep. Steve Scalise, R-La., called the Solyndra case "disgusting" and Sen. Lisa Murkowski, R-Alaska, labeled it "a colossal failure." The conservative group Americans for Prosperity produced a television ad accusing President Obama of paying back campaign contributors.

    There was an FBI raid on Solyndra's headquarters and an investigation but so far, no prosecutions. Now that the loan program is turning a profit, those critics are silent. They either declined or ignored NPR's requests for comment. And with that, Energy Secretary Ernest Moniz wants to change your perception of his agency's loan program.


    "It literally kick-started the whole utility-scale photovoltaic industry," Moniz says. The program funded the first of five huge solar projects in the West. Moniz says before that developers couldn't get money from private lenders. But now, with proven business models, they can.

    The Energy Department actively monitors all the companies in its portfolio for potential default risks, "And when there are warning flags, then the disbursements are suspended — possibly ended," Moniz says.

    But he says the Energy Department doesn't want to go too far in the direction of only lending to safe investments. "We have to be careful that we don't walk away from risk, because otherwise we're not really going to advance the marketplace," he says.

    Moniz points to a small company called Beacon Power as an example. It got an Energy Department loan, went bankrupt and defaulted on about $14 million in debt. Today the company is back in business, providing a valuable service to electricity grids and repaying the rest of its loan.


    In eastern Pennsylvania, one of Beacon's facilities sits on four acres in an industrial park. Underground are 200 black flywheels that are each seven feet tall, three feet around and weigh 2,000 pounds. They spin faster when storing energy and slow down when releasing it.


    "We're recycling excess energy that's on the power grid and then putting it back into the grid when it's needed," explains President and CEO Barry Brits. He says the flywheels are essentially mechanical batteries.

    But unlike the battery in your cell phone it doesn't wear out over time. "What's unique about the flywheel is that it really is unlimited in terms of the number of times it can charge and discharge," Brits says.

    Being able to store electricity is important because wind and solar generators only produce power when the sun is shining and the wind is blowing. That can make life difficult for grid operators who must balance the amount of electricity produced with how much is used. Storing power — even for brief periods — gives them more flexibility and makes it easier to include intermittent forms of renewable generation on the grid.

    Brits says the Department of Energy loan allowed his company to test and then improve its flywheels. "Our technology is now well-proven. We have over 7 million operating hours," he says, adding that building a plant costs half of what it did three years ago.


    Despite early missteps, the Department of Energy is ready to invest in more projects that could advance clean energy technology in the U.S.

    Moniz says his agency has about $40 billion to lend in coming years.

    http://www.npr.org/2014/11/13/363572...rning-a-profit

    so the Solyndrda SCANDAL, and OUTRAGE? nothing the cheap-shot, bogus, bad-faith, smash-mouth REPUG GRANDSTANDING POLTICKING

    The Great Boutons INFALLIBLY "is in the business of picking winners and losers"

    winners: DoE and its investments

    losers: Repug and all the ST Repug suckers, esp Old Faithful pussy eater

    There's one loan application to DoE that I am watching very carefully, and if DoE makes the $180M+ loan, I'll jump in with my own $1K.


    Last edited by boutons_deux; 11-13-2014 at 10:36 AM.

  7. #32
    I am that guy RandomGuy's Avatar
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    Beat me to it.

    At the time, this was a favored scandal used by Yonivore to "prove" how bad this whole program was. The fact that it was never intended to be a solid money-maker, but was rather intended to kick-start a sector of the economy was conveniently ignored.

    It has not only done exactly what it was designed to do, it has provably turned a profit, showing how factually and logically flawed the kinds of arguments made by Yonivore et al. tend to be.

    All governments can, and SHOULD do this kind of strategic investment in national economies, especially in key sectors like energy, technology, and transportation. These are the bones on which the muscle and sinew of a functioning free market adhere to.

    The massive infrastructure underinvestment that short-sighted Republican policies encourage is actively dragging our economy when it should be growing much more rapidly, debt be damned. Paying, say, a 2% interest on an investment that yields 5% is a no brainer. Infrastructure investment is almost always a net benefit to the economy, even more so when our existing infrastructure is arguably crumbling. I am willing to accept a few "bridges to nowhere" pork waste in a large infrastructure investment, as a cost to get a much more massive benefit. Not that I like such waste, but lets be adults about this, like that happens in politics. Unpleasant, but almost unavoidable. Work to minimize it, but don't throw the baby out with the bathwater.
    Last edited by RandomGuy; 11-13-2014 at 01:41 PM. Reason: verb agreement. I am a grammar stickler. Sue me.

  8. #33
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    I'd really like to see how projects helped by this Repug Act from 2005-2008 panned out.

    I would not be surprised if Repugs used it like RickyBobby's Texas Enterprise Fund, as a political slush fund.

  9. #34
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    Program that backed Solyndra now showing successes

    Development is booming in tiny Hugoton, a town of roughly 3,900 people. The town is the site of a new cellulosic ethanol refinery that was funded in part by a loan guarantee from the Department of Energy. The same program funded high profile flops like Solyndra, the California-based solar company that filed for bankruptcy and led to hearings over the Barack Obama administration’s backing of unproven green-energy projects.

    But in Hugoton, which Leonard describes as “pretty far from nothing,” more trailers rolling in to his park and new businesses are popping up.

    “There’s a Dollar General getting built, a new motel getting built. Another grocery store getting built,” Leonard said in a phone interview. “There’s a lot of different people coming to town. It’s been big.”


    The plant has a work force of 75 and an annual payroll of $5 million. When it was established in 2009, as part of Obama’s stimulus package, the clean energy loan guarantee program was billed as a two-fer: It would provide billions of dollars for environment-friendly energy and it would create jobs.


    Instead, the program became synonymous with failure and a regular talking point for conservatives.


    Besides Solyndra, three other subsidized companies went bust at a cost of $780 million. Critics, especially Republicans in Congress, seized on it as an example of government waste.


    But roughly six years on, there are more signs that the program is working. In California, Tesla Motors has flourished, paying back a $465 million loan nearly 10 years early.

    A handful of companies have opened solar energy sites and signed long term contracts to sell power to utility companies.


    And then there is the Abengoa biorefinery in Hugoton, where Energy Secretary Ernest Moniz came in October for the opening. He was joined by two Kansas officials who voted against the stimulus package: Republicans Sen. Pat Roberts and Gov. Sam Brownback, a former senator.


    “This program, let me say, not only here in Hugoton, but across the board has been a tremendous success,” Moniz said. “I mentioned $30 billion in loans with a 2 percent default rate — that is a pretty enviable in any portfolio.”


    Roberts and Brownback say they voted against the stimulus package for other reasons.


    “The governor strongly supports the Abengoa project,” said Eileen Hawley, a spokeswoman for Brownback.


    Despite the program’s failures, the department now projects a profit of between $5 billion and $6 billion over the next 20 to 25 years. Overall, 20 of the program’s 30 enterprises are operating and generating revenues so far, according to the department.


    The successful projects include a site in Alamosa, Colorado, that is the world’s largest generator of high concentration photovalic energy, which is a type of solar power. The operator, power company Cogentrix, has 10 permanent operations positions in addition to supply line jobs.


    Overall, the Department of Energy claims the program has created or saved roughly 35,000 permanent jobs.


    Republicans have argued that the investments are risky and the program mismanaged, as Solyndra demonstrated, though improvements have been made.


    “We are not out of the woods by any stretch,” said Michigan Rep. Fred Upton, chairman of the House Energy and Commerce Committee. “Our oversight efforts will continue as problems still persist, and more needs to be done to protect billions of dollars in taxpayer interests.”


    But supporters say government investment is necessary for innovative energy enterprises.


    “It’s very hard to get commercial scale financing, especially for these types of projects,” said Nancy Pfund, a managing partner with DBL Investor, a San Francisco-based venture capital company with holdings in two companies backed by the program. “It’s been a very positive force in that respect.”


    Mike Garland, CEO of Pattern Energy Group, a company focused on wind energy investments, said he was turned down by the program in part because he could get other financing.

    I kind of respected that about the program,” said Garland. “I would have liked to have had a lower cost of capital, lower cost of debt. But it is run in a way that said, ‘your deal is too good. You don’t need it.’”


    The loan program’s director, Peter Davidson, said the program had a specific target.


    “Commercial lenders are often unwilling to finance the first few commercial-scale projects that use a new technology because there is not yet a history of performance or operation,” he said.


    The refinery in Hugoton, built by Seville, Spain-based Abengoa, is the largest cellulosic biorefinery in the world, producing up to 25 million gallons ethanol fueled by non-edible waste. About $132 million of the plant’s $500 million cost was backed by the loan guarantee program.


    Abengoa buys biomass from local farmers that would otherwise be useless and sells the refined biofuels through trading companies in the U.S., Europe and parts of Asia.


    http://fuelfix.com/blog/2014/12/29/p...ing-successes/

    eat , all y'all Solyndra FABRICATED OUTRAGERS


    Last edited by boutons_deux; 12-31-2014 at 12:44 PM.

  10. #35
    my unders, my frgn whites pgardn's Avatar
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    I was wondering if that process of turning cellulose into ethanol would ever work as it is theoretically a fantastic idea. Science rolls on, just as with the possible huge triumphs offered by genetic engineering.

  11. #36
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    I was wondering if that process of turning cellulose into ethanol would ever work as it is theoretically a fantastic idea. Science rolls on, just as with the possible huge triumphs offered by genetic engineering.
    celluloseic ethanol is still ethanol, lower energy density than gasoline, lower mileage, and harder on engines. and how much energy goes into transporting and converting cellulose, total end-to-end, to ethanol, iow, what's the eROI. we know eROI for tar sands really sucks

  12. #37
    my unders, my frgn whites pgardn's Avatar
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    celluloseic ethanol is still ethanol, lower energy density than gasoline, lower mileage, and harder on engines. and how much energy goes into transporting and converting cellulose, total end-to-end, to ethanol, iow, what's the eROI. we know eROI for tar sands really sucks
    I know what ethanol is and does. Cellulose is pure glucose just like starch, only bonded together so that it is very difficult to breakdown compared to starch (in seed). Separating the lignin out of the stalk was another problem. Of course genetic engineering of the most efficient microbes was part of the solution.

    I can can see going to corn fields used for feed already and using a machine that separates the seed from the stalk (cellulose) but gathers the stalk. You gotta make that back and forth trip anyway. Right there you go even lower. EROI. I know nothing about the size of the facilities that break the cellulose down and distill ethanol out. If they are made cheap and effective small scale, another drop. There are tons of possibilities when a good number of people are allowed think about a problem; requires that the problem becomes profitable and popular. BTW ethanol has lots more uses than in fuel and drinking (pre denaturing of course).
    Last edited by pgardn; 01-01-2015 at 12:10 PM.

  13. #38
    my unders, my frgn whites pgardn's Avatar
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    Oh, pipelines quite obviously lower transport costs.
    But you knew this.

  14. #39
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    Here's how successful (vs the very successful Feds) a Repug-controlled red Confederate state is in picking winners and losers.

    Corporate Welfare Queens – Shocking “Development Program” Failure Rate in North Carolina

    Picking Losers shows that the state’s flagship development program, the Job Development Investment Grant (JDIG), has seen 62 of its 102 projects fail in the period from its inception in 2002 until 2013. That is, 60% of the projects failed to meet either their job, investment, or wage goals, and had to have their awards canceled.

    60%! This isn’t baseball, where a .400 batting average is outstanding, a feat that hasn’t been accomplished sinceTed Williams in 1941. Let me tell you about a different failure rate: Investment Quebec takes equity stakes in a number of tech start-ups and other new companies. When I interviewed the director in Montreal in 2007, their failure rate was only 20%, a figure he considered needed to be reduced. In North Carolina, we are talking about a failure rate three times as high, despite giving the awards to firms that should not be nearly so risky.

    One such firm was Dell Computers. In 2004, the company conducted a bidding war for a new computer manufacturing plant between Virginia and North Carolina. But North Carolina’s analysis of the project was so out of whack that in nominal dollars it offered almost $300 million ($174 million present value) compared to Virginia’s offer of $37 million. The plant shut down completely in 2010.

    Here’s the paradox: North Carolina has some of the best taxpayer protections in the country; indeed, state and local governments lost only a few million dollars when Dell failed.

    The state is rigorous about canceling awards and clawing back monies already paid out. But the problem is that the state’s economic analysis of potential projects is simply atrocious. The 60% failure rate is one sign of this.

    http://www.nakedcapitalism.com/2015/...+capitalism%29



  15. #40
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    US Taxpayers Deserve Huge Group Hug For New Perovskite Solar Cell Breakthrough




    With a big assist from the National Renewable Energy Laboratory in Colorado, a team of Brown University researchers has developed a new process for making solar cells based on the crystalline material perovskite.

    Early testing shows a solar conversion efficiency of more than 15%, which is pretty impressive for a first try, and to ice the cake, the process can be used to make a semitransparent solar cell film that could be used in windows and other see-through applications.

    http://cleantechnica.com/2015/03/17/...eanTechnica%29

    15% low? common silicon PV panels are at 20% max, many less than 20%

    Thanks, taxpayers!



  16. #41
    dangerous floater Winehole23's Avatar
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    riposte, Yonivore?

  17. #42
    dangerous floater Winehole23's Avatar
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  18. #43
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    Why the Obama admin is touting Tesla Motors’ success

    Tesla founder and CEO Elon Musk caused a considerable stir this morning with an announcement about the company’s Model 3 sedan, which will apparently carry a price tag of about $35,000. For a variety of industries – including the automotive, financial, and energy sectors – this is no small story.

    But as it turns out, some in the political world took note, too.

    The U.S. Department of Energy noted on Twitter, for example, that the new Tesla model is cool, “but did you know that Energy Dept. loans helped jumpstart the Model S?”

    Actually, yes. For all the arguments from the right that the federal government shouldn’t intervene in the private marketplace, Tesla’s success was driven in part by the Obama administration, which loaned the auto company $465 million through the Energy Department. It worked out quite well – Tesla thrived, the company repaid the loans ahead of schedule, and American taxpayers saw a nice return on their investment.

    The estimable Ron Klain this morning also flagged this great Slate piece about the time Mitt Romney blasted President Obama’s Recovery Act because of its Tesla investments. From October 2012:

    In one of the sharper lines of Wednesday night’s presidential debate, Mitt Romney jabbed President Obama over his green-jobs investments, saying, “You don’t just pick the winners and losers. You pick the losers.”


    Burn! But what losers was Romney referring to, specifically?

    Specifically, Romney was referring to, among others, Tesla Motors. (After the debate, Slateadded, Romney campaign staffers “stood by the candidate’s diss of the startup, which employs some 3,500 workers.” Four years later, this looks pretty foolish.)


    Ordinarily, when we think about the Obama administration’s successes with the auto industry, the 2009 rescue package that revitalized GM comes to mind. But given the record, it’s hard to blame the administration for taking another victory lap over Tesla’s accomplishments, too.

    http://www.msnbc.com/rachel-maddow-s...d=sm_fb_maddow

    Yoni, tell us yet again how CRA caused the 2008 mortgage disaster!



  19. #44
    4-25-20 Will Hunting's Avatar
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    Why the Obama admin is touting Tesla Motors’ success

    Tesla founder and CEO Elon Musk caused a considerable stir this morning with an announcement about the company’s Model 3 sedan, which will apparently carry a price tag of about $35,000. For a variety of industries – including the automotive, financial, and energy sectors – this is no small story.

    But as it turns out, some in the political world took note, too.

    The U.S. Department of Energy noted on Twitter, for example, that the new Tesla model is cool, “but did you know that Energy Dept. loans helped jumpstart the Model S?”

    Actually, yes. For all the arguments from the right that the federal government shouldn’t intervene in the private marketplace, Tesla’s success was driven in part by the Obama administration, which loaned the auto company $465 million through the Energy Department. It worked out quite well – Tesla thrived, the company repaid the loans ahead of schedule, and American taxpayers saw a nice return on their investment.

    The estimable Ron Klain this morning also flagged this great Slate piece about the time Mitt Romney blasted President Obama’s Recovery Act because of its Tesla investments. From October 2012:

    In one of the sharper lines of Wednesday night’s presidential debate, Mitt Romney jabbed President Obama over his green-jobs investments, saying, “You don’t just pick the winners and losers. You pick the losers.”


    Burn! But what losers was Romney referring to, specifically?

    Specifically, Romney was referring to, among others, Tesla Motors. (After the debate, Slateadded, Romney campaign staffers “stood by the candidate’s diss of the startup, which employs some 3,500 workers.” Four years later, this looks pretty foolish.)


    Ordinarily, when we think about the Obama administration’s successes with the auto industry, the 2009 rescue package that revitalized GM comes to mind. But given the record, it’s hard to blame the administration for taking another victory lap over Tesla’s accomplishments, too.

    http://www.msnbc.com/rachel-maddow-s...d=sm_fb_maddow

    Yoni, tell us yet again how CRA caused the 2008 mortgage disaster!


    Saying that the CRA caused the financial crisis is stupid, but the CRA as a whole is still pretty re ed legislation with tons of loopholes that has little to no effect on how much credit is available to low income families. A popular thing banks do these days to meet CRA requirements is to provide cheap financing to a developer who goes into a poor area and builds luxury apartments that he can get low income housing tax credits on. Once the tax credit period is over, all the low income tenants get booted out, the developer jacks its rent up and fills the apartment with 20 something year old white yuppies.

    It'd be more accurate to call the Community Reinvestment Act the Community Gentrification Act.

  20. #45
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    yet another govt waste of taxpayer $Ms

    New Process Slashes Cost Of Carbon Fiber Production


    scientists at the Oak Ridge National Laboratory say they have invented a new process for making carbon fiber components that

    slashes the cost of manufacture by 50% or more.

    It also reduces the amount of energy needed by more than 60%.

    The process will be commercialized by a new start-up venture led by three time
    Tour de France champion Greg Lemond.

    http://gas2.org/2016/08/31/new-proce...er-production/

    https://en.wikipedia.org/wiki/Oak_Ri...nal_Laboratory



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