I was wondering how long it would take for Hatch's ties with Raser to reach
Utah's news headlines.Solyndra and Raser are indeed unfortunate
situations. Sadly, as in any nascent industry -- from computers to cell phones
to Internet companies -- there will be failed start-ups along the way. It's a
fact of entrepreneurship and new innovative industries.What's
frustrating, however, is that some politicians are using Solyndra (and now
Raser) to essentially demand that we stick with oil/fossil fuel and nuclear
power dependency -- and to keep subsidies flowing to fossil fuels and nukes.
And yet, over the past two years, we've seen the folly of that
thinking -- from the Gulf oil spill that has devistated tourism and fishing
around the Gulf (people still refuse to eat fish from the Mexican Gulf) and
Japan's nuclear fall-out where the nation is offering free air travel to Japan
to encourage people to come. The Wall Street Journal, just this week, reported
on nuclear radiation "hotspots" in Japan, and real estate and farms
surrounding the nuclear meltdown zones will be off-limits for human habitation,
quite literally, for the rest of human kind's existence.Oil spills
and nuclear fallouts aren't economical.
They might be able to get some green energy ideas to work if congress takes
control of the spending. You can't just dump half a trillion dollars in to
someones lap without any accountability or oversight. It called creating and
industry of buildings and companies and they never ever turn on a light bulb.Why does congress and Obama have this perception that business is not
out to screw the government and tax payers? They should know its the object of
business to make the board of directors and owners rich, especially when they
have never invested any of their own money in a business. If a new industry is
needed, start small and build on an idea, don't put billions in to an idea then
tell some one to create it.
Hence, the rise of independent, free market, constitutionally driven ideas, and
citizens that don't believe in manipulating, stealing, or wasting taxpayer
money. This is unlike the patronistic, power hungry, socialistic driven
politicians, and anti-American, anti-capitalistic, socialistic citizens who
advocate ideas that don't live in reality. However, by delegating the power to
steal to someone else, the socialists arrive at failed projects such as this,
all at the expense of law abiding citizens who then ask, "Where in the
constitution do they acquire the power to steal money from my pocket for any of
this?" I agree, both major political parties are knee deep in this
Harakal said Hatch's support for Raser's geothermal project unlike the Obama
administration's backing of Solyndra never included a push for using taxpayer
dollars to build the plant.So what is the point of the article? What
% of the risk was born by private investors in each of the projects? Is it the
government's role to fund a company from the ground up?
Only a USA TODAY reporter would tie what happened with Raser's $33 million grant
to Solyndra, a $535 million boondoggle that was FORCED THROUGH by the current
administration. The government gives billions in grants to a variety of
projects. There is a process to get those grants. The Solyndra thing is a
scandal because admin officials bypassed the process to get the cash. The
Solyndra project was turned down for funding. Obama's cronies back doored the
funding anyway. That's the scandal.
This story is a political hatchet job with sinister implications but actually
comparing apples and windmills.One has to be suspicious of articles
from the McNewspaper, USA Today, and this seems to be a thinly veiled attempt to
defend Obama using the "but everyone does it" excuse.However, if anyone bothers to read the full story, it clearly shows that Hatch
was not plotting or pressuring for this outfit to get more loans. The one loan
they did get was via a "blind" review and they met the criteria (which
one could argue were flawed, but not corrupt). And, they were refused
additional loans. Finally, there were no shenanigans where secret
provisions were adopted so that private investor interests would take precedence
over taxpayer interests in case of bankruptcy-- or fiddled with when the company
was on the verge of failure.This bit of "journalism"
confirms all the bad comments about media bias and their alliance with Obama.The actual story should be "Get government out of the venture
It's the economy Stupid! Both projects mentioned were good sound ideas. Both
in a better economy might have done real well. Don't blame the backers.
realize it IS the economy stupid! We as a nation and as political parties need
to quit putting a political spin on everything good or bad that happens. In
these cases it is the economy!!
I wonder if Fixed News will report this story ..
Solyndra raised $1 Billion in private capital.Second largest investor in
Solyndra, the Walton family, was a major donor to Republicans.Bush
Administration advanced 16 projects, including Solyndra, out of 143
submissions.While Bush was still Pres., the credit committee requested
more information in certain areas and set a timeline for completing Solyndra
review as March 2009. The same Credit Committee of career civil servants
recommended approval. WSJ Ranked Solyndra As The Top U.S. Clean
Tech Company in 2010. WSJ Also Ranked Solyndra in top five Next Big
venture-backed companies.MITs Technology Review chose Solyndra as one of
the worlds 50 most innovative companies.As Baron Scarpia pointed out
there will be successes and failures. Leaving that aside, lessons can be learned
from failures and changes made moving forward.
Thanks Truthseeker.What do you think went wrong? Enjoy reading your
The only real truth to be gleened here is:The government should not
be backing any business with public money.Less government spending
= less government problems.