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Obama again approved $ 4.7 Billion new solar loans

Original post made by Listen up on Oct 26, 2011

While most of us were still sick over the $500+. million (half-billion) in Obama's loan guarantees to Solyndra, he was again signing even larger loan guarantees....8 times larger !
On Friday, Sept 30, he approved more than $4.7 Billion in several solar guarantees, including SunPower and First Solar. Loan backing to First Solar was for $1.46 BILLION. We can only hope they don't go bankrupt ....picking and gambling on winners and losers, AGAIN.
We can only hope in these deals we, the US taxpayers, are in first pOSITION, and don't get get moved down to THIRD position for loan default payback !

Comments (11)

Posted by Mike, a resident of Highland Oaks
on Oct 26, 2011 at 6:26 pm

Listen Up,

This from the article in the LA Times:

"If we want to be a player in the global clean energy race, we must continue to invest in innovative technologies that enable commercial-scale deployment of clean, renewable power like solar."

I think it makes sense. Green is a goal worth putting money into.

Mike


Posted by Shiella, a resident of Civic Square
on Oct 26, 2011 at 6:57 pm

I guess I'd prefer that "Listen Up" was the one who invested the 4.7 billion rather than the government. But I suppose if all "Listen Up's" money is already invested in oil and coal it doesn't make much sense.


Posted by Pony up, a resident of Del Prado
on Oct 26, 2011 at 7:24 pm

Mike and Sheila,

Since investing in the green industry is such a great thing, I trust that you have done so yourselves? And I don't mean the taxpayer money that the government has decided to invest on our behalf. Like those who think everyone who makes more money than them should be paying higher taxes, I suspect you've failed to put your money where your mouth is.

You really need to open your eyes, do some research, and you're likely to discover that these investments have been political payoffs to friends, supporters, and family members. The corruption continues.


Posted by Steve, a resident of Parkside
on Oct 26, 2011 at 8:38 pm

Right on, pony up. If 'green' tech was so damn good, private investors would be lining up to get a piece of the action. Instead, these fly by night companies are sham industries set up for Dem money laundering (ie fundraising). Wonder if the Occupy whiners will be protesting this criminal activity.


Posted by Shiella, a resident of Civic Square
on Oct 26, 2011 at 10:27 pm

Steve, doesn't know diddley about where I invest or how much I invest.

You are hereby forewarned, Steve: Halloween is just around the corner, so be sure to turn off all your lights so the kids don't knock on your door asking for candy. You work so hard for your money.


Posted by Pony up, a resident of Del Prado
on Oct 26, 2011 at 10:33 pm

Why don't you enlighten us, Sheila? Was I spot-on regarding your investing AND your position on taxation?


Posted by Listen up, a resident of Another Pleasanton neighborhood
on Oct 26, 2011 at 11:53 pm

Mike, just WHO are the 'WE must invest if we want to be player in the global energy ?RACE?'. The 'market' will decide that. MOST of the DIRTY world is NOT part of any race. The world winds would make those who DO clean energy, sort of like pissing in the wind.... it will be right back at us.
Don't get me wrong, genuine, dependable,CLEAN energy is good. And, we sure need dependable, 24/7 energy. We should be going full speed on genuine, dependable,carbon-free nuclear expansion. We'll have to blanket the earth's surface to get enough solar, and we have to wait so long for it to be perfected enough to make a tiny dent in our energy supply...it's still not out of single digits yet. CUTING OFF other energy supplies is pure suicide. The most dependable, affordable, and abundant, and in a timely manner, will provide proportionally.
No, I am NOT for dirty coal....that pusher is DEMocrat Ed Markey, Mass. who is OWNED by the coal lobbyists. He tries to shut off all other sources,forcing greater use of the ready coal supply, strictly to bolster his COAL owners, who kill dozens and dozens of men every year....the deadliest energy every year.
We need investors to go forward with every source of energy to keep our economic wheels moving. But this latest 4.7 Billion for more startups, AFTER the bankruptcy, fraud, and administration's selling out of US taxpayers re Solyndra, is just a bit much.


Posted by Steve, a resident of Parkside
on Oct 27, 2011 at 7:13 am

Sheila.la.la, no one cares where or if you invest your entitlement money. What those of us who work and pay taxes care about is the misguided petitioning for more of our taxes to pay for continued failed experiments that are just a facade. Your forewarning sounds more like a threat, which is what I would expect from an intellectually vacuous leftist. The fact that I work hard for my money is exactly why we should not be wasting it.


Posted by Listen up, a resident of Another Pleasanton neighborhood
on Oct 30, 2011 at 2:22 pm

We'll have to get a list of the solar company names receiving the
lastest $$ 4.7 BILLION of our dollars....maybe some OCCUPIERS know.


Posted by stagolee, a resident of Deer Oaks/Twelve Oaks
on Oct 30, 2011 at 11:09 pm

Let's also look at the solar company in Ohio that Boehner is asking loan backing for.


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Oct 31, 2011 at 9:51 am

Stacey is a registered user.

Yes, let's do that. Is it a risky loan where the government ignored their own fiscal prudence and fiduciary responsibility to the American people? Let us not excuse anyone because of their party affiliation.


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