Solar trust goes bankrupt, with taxpayer loans of course

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Craig234

Lifer
May 1, 2006
38,548
350
126
Oh, the horror! The theft! The disaster! The tyranny!

Obama made a $2.5 billion loan program for solar.

In response China made a $30 billion *grant* program for solar.

Guess who will win, while our idiot neanderthals fight Obama for no reason but 'team'?
 
monovillage

monovillage

Diamond Member
Jul 3, 2008
8,444
1
0
Craig234 is so jealous of the Chinese political system he wishes we had a totalitarian party to vote for here in the States.
 
davmat787

davmat787

Diamond Member
Nov 30, 2010
5,512
24
76
Craig234 said:
Oh, the horror! The theft! The disaster! The tyranny!

Obama made a $2.5 billion loan program for solar.

In response China made a $30 billion *grant* program for solar.

Guess who will win, while our idiot neanderthals fight Obama for no reason but 'team'?
Click to expand...

The line between government and corporations in China is murkier than here in the US.
 
C

Craig234

Lifer
May 1, 2006
38,548
350
126
davmat787 said:
The line between government and corporations in China is murkier than here in the US.
Click to expand...

You missed the point.

The point is the benefit to the government helping the industry grow. We need more.

We've had advantages in the past - including such as when we spent up to 5% of the federal budget on the moon landing and others could not match our research. Now China is.
 
C

cubby1223

Lifer
May 24, 2004
13,518
42
86
Craig234 said:
Oh, the horror! The theft! The disaster! The tyranny!

Obama made a $2.5 billion loan program for solar.

In response China made a $30 billion *grant* program for solar.

Guess who will win, while our idiot neanderthals fight Obama for no reason but 'team'?
Click to expand...

If it is any consolation, Chinese taxpayers fronted the $2.5 billion loan to this U.S. company.
 
IGBT

IGBT

Lifer
Jul 16, 2001
17,958
138
106
yet another obama solar scam. Solar money laundering rackets for his re-election fund.
 
davmat787

davmat787

Diamond Member
Nov 30, 2010
5,512
24
76
Craig234 said:
You missed the point.

The point is the benefit to the government helping the industry grow. We need more.

We've had advantages in the past - including such as when we spent up to 5% of the federal budget on the moon landing and others could not match our research. Now China is.
Click to expand...

No, I understood your point. I was merely pointing out that the Chinese government subsiding, or granting money, to a "company" in China is much different than our government doing so to a company here. Hell, even subsidies between European corporations and ours work or are viewed differently. I say that due to the Boeing/Airbus/WTO issue.

That is all I am pointing out, that they aren't quite the same. I have often wondered if these loans should go to universities for research in the form of grants, so all companies could leverage or license the tech produced.
 
Michael

Michael

Elite member
Nov 19, 1999
5,435
234
106
Craig234 - there was no such grant by the Chinese government.

Michael
 
boomerang

boomerang

Lifer
Jun 19, 2000
18,883
641
126
This is what, the fifth or sixth to go under since Obama took over? I used to work with a guy many years ago who was pretty well off. Being a young guy with little experience in the world I sometimes spoke with him relating my ideas on what I thought he should do. His answer one day was "You're awfully free with my money". I got the message.

Solar is an industry with which the left has a love affair. It matters little that the technology has pretty much brick-walled, that it's impractical and very costly. As long as they can be free with someone else's money, they'll subsidize it whenever they get the chance. It makes them feel good.

It's one thing when it's taxpayer dollars and it's wholly a different animal when it's borrowed dollars from other nations. One is stupid and the other is insane. But what's important is to do SOMETHING. Whether it's right or wrong is pretty much immaterial to them.

You can vote this November to continue the insanity or you can vote to change our course. Yeah, it's a bit of an unknown but we know where we'll end up with another four years of children running the country. Broke and blamed for it because it's never their fault. The blame I can shrug off, the broke part won't be pretty.
 
L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Michael said:
Craig234 - there was no such grant by the Chinese government.

Michael
Click to expand...

I am sure there was, not to mention Chinese insolvent banks that continually get flushed out of their bad loans by the BoC through SPEs, it's happened 3 times since 2000, to the tune of more than a few trillion *dollars*. Then there's the fact that the SOEs are just that, SOEs, which can get cheap loans and/or grants. Finally, there's currency manipulation, the currency peg allows China to permanently undercut US manufacturers through a lower currency.

This is what's amazing about Americans, we think that just because we want to play fair with a "free market" we think everybody else does play fair. Meanwhile, they are bending our economy over the barrel and all you can say is "lube is cheating, get rid of the lube".

We get what we deserve, too bad people like you are dragging the other 50% down with you. All for what? To please the 1%?
 
C

CLite

Golden Member
Dec 6, 2005
1,726
7
76
I love how some people in this thread are giddy about American industry failing just because Obama supported it. Yeah we get that you don't like green energy, but it would have been nice if these American companies survived and developed a product that is desired internationally. The D.O.E. deserves criticism for not doing it's due diligence but let's not throw a party over the failure of American industries.

I could go on a rant about the D.O.E. having worked with them in the nuclear industry, but the bottom line is that this entity has been a directionless semi-failure for a while. This is a bipartisan issue and it is going to negatively effect the direction & funding for any kind of energy-related research for a long time. That aside, we should always hope for success for American industries whether they happen to fit into our specific political bubbles.
 
C

cliftonite

Diamond Member
Jul 15, 2001
6,899
63
91
boomerang said:
This is what, the fifth or sixth to go under since Obama took over? I used to work with a guy many years ago who was pretty well off. Being a young guy with little experience in the world I sometimes spoke with him relating my ideas on what I thought he should do. His answer one day was "You're awfully free with my money". I got the message.

Solar is an industry with which the left has a love affair. It matters little that the technology has pretty much brick-walled, that it's impractical and very costly. As long as they can be free with someone else's money, they'll subsidize it whenever they get the chance. It makes them feel good.

It's one thing when it's taxpayer dollars and it's wholly a different animal when it's borrowed dollars from other nations. One is stupid and the other is insane. But what's important is to do SOMETHING. Whether it's right or wrong is pretty much immaterial to them.

You can vote this November to continue the insanity or you can vote to change our course. Yeah, it's a bit of an unknown but we know where we'll end up with another four years of children running the country. Broke and blamed for it because it's never their fault. The blame I can shrug off, the broke part won't be pretty.
Click to expand...

I doubt if all the solar failures add up to money we lost in Iraq. http://articles.latimes.com/2011/jun/13/world/la-fg-missing-billions-20110613 Were you complaining about this?
 
P

PokerGuy

Lifer
Jul 2, 2005
13,650
201
101
Ah yes, the fail train continues to rumble down the track. It's the opposite of the "midas touch". Unfortunately, as taxpayers we get to pay for the failures.....
 
C

Craig234

Lifer
May 1, 2006
38,548
350
126
davmat787 said:
No, I understood your point. I was merely pointing out that the Chinese government subsiding, or granting money, to a "company" in China is much different than our government doing so to a company here. Hell, even subsidies between European corporations and ours work or are viewed differently. I say that due to the Boeing/Airbus/WTO issue.

That is all I am pointing out, that they aren't quite the same. I have often wondered if these loans should go to universities for research in the form of grants, so all companies could leverage or license the tech produced.
Click to expand...

Tell me you disagree with the attacks on the US government investing, is what I'm asking.
 
C

Craig234

Lifer
May 1, 2006
38,548
350
126
IGBT said:
yet another obama solar scam. Solar money laundering rackets for his re-election fund.
Click to expand...

Children coming up with conspiracy theories is so cute.

And nuts. Laundering rackets what, post how that is anything but idiocy?
 
cybrsage

cybrsage

Lifer
Nov 17, 2011
13,021
0
0
I agree with Craig. There is no need for Obama to launder money for his campaign this way. He simple received millions of dollars in anonymous donations from the WORLD WIDE web...and none of these anonymous people are from anywhere but the US (Obama promises this - just like he promised to close Gitmo), even though they do not have to show this at all.

So he has no need to launder money via failed companies.
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
cybrsage said:
I agree with Craig. There is no need for Obama to launder money for his campaign this way. He simple received millions of dollars in anonymous donations from the WORLD WIDE web...and none of these anonymous people are from anywhere but the US (Obama promises this - just like he promised to close Gitmo), even though they do not have to show this at all.

So he has no need to launder money via failed companies.
Click to expand...

So you rather do it the Republican way with the Transparent Citizen's United ruling?
 
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