March 22, 2012

Compare & Contrast - Obama, Solyndra

Eruption of falsehood continues unabated.
Compare and contrast these two pieces of information at distinct points in time.

Obama, March 2012 (via Fox News) Emphasis added:
"Obviously we wish Solyndra hadn't gone bankrupt. Part of the reason they did was the Chinese were subsidizing their solar industry and flooding the market in ways Solyndra couldn't compete. But understand, this was not our program per se."
Not our program per se.  That's a laugh.  But the Chinese were unbeatable?  Check out Solyndra's still live website.  From June 2011 (mere months before Solyndra suspended operations, there was this press release about some pretty favorable news (emphasis added);

MUNICH, Germany, June 8, 2011 – Solyndra International AG, a subsidiary of Solyndra LLC, the manufacturer of the fastest, easiest to install cylindrical photovoltaic (PV) systems for commercial rooftops, today announced completion of a 3MW rooftop solar system in Zellik, Belgium. The 3MW rooftop installation covers a Delhaize distribution center in Zellik, a Brussels suburb. The project was completed by solar integrator U|S|E AG, a Solyndra Platinum Solution Provider based in Reutlingen, Germany, with its Belgium subsidiary Enerdeal. Delhaize, an international supermarket chain with over 2,800 stores worldwide, and 805 stores in Belgium and Luxemburg, is a winner of the Platinum Leadership in Energy and Environmental Design certification from the U.S. Green Building Council...

The Zellik installation consists of more than 17,000 Solyndra solar modules covering 34,000 square meters of roof space and generates an annual yield of approximately 2,400 MWh, enough to power more than 700 households.
So the company months before imploding was telling the world it was doing great - had its biggest order yet.    I don't need to spell this out for you, do I?  Okay, quickly: Obama backed a loser and got duped.  Why? He had no clue.

The president pushed hard for Solyndra, even to the point of ignore evidence that it was a bad bet.  He pumped in $535 million of taxpayer Chinese loan money.  Then the company went bankrupt. Now that it's failed spectacularly he's trying to blame the cost conscious Republicans who knew that forcing solar power was a pipe dream.  That is the audacity not of hope but of a pathological sort. 

This information is readily available.  The bald-faced lies might even be worse than the actual stupidity. How about that China play? Lend money to America.  Have it invested in a business that can't beat your own, it goes bankrupt but America still owes you the money.  Is Obama really that dumb?  Apparently, yes.  I hate to using insulting terminology but there are so many things that are so egregious, it's getting harder and harder to hold back.

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