Courtesy of International Business Times:
A US government renewable energy programme described by Republicans as "disgusting" and "a colossal failure" has turned a profit for the first time.
The Loans Program Office became a stick to beat President Barack Obama with during the campaigning for the 2012 election, after the solar energy company Solyndra defaulted on a $535m loan it received from the Department of Energy.
It was followed into bankruptcy by start-ups Fisker Automotive and Abound Solar, all of which received loans from the office.
Now, it has reported a profit of $30m, after collecting interest payments of $810m on total loans of $34.2bn, Reuters reports.
Well looky there. Another Obama failure refuses to actually, you know, fail.
Morality is not determined by the church you attend nor the faith you embrace. It is determined by the quality of your character and the positive impact you have on those you meet along your journey
Showing posts with label Solyndra. Show all posts
Showing posts with label Solyndra. Show all posts
Saturday, November 15, 2014
Hey remember how the Republicans said that Obama's decision to invest in green energy was the worst thing he had done to the country since getting himself elected? Well guess what.
Labels:
green energy,
investments,
politics,
President Obama,
Republicans,
Right Wing,
Solyndra
Saturday, May 18, 2013
Five previous scandals that were going to destroy President Obama.
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"Really? They have ANOTHER scandal?" |
Throughout the past week, revelations regarding the IRS’ targeting of Tea Party groups, the Department of Justice’s decision to subpoena the phone records of over 100 Associated Press journalists, and the Republican Party’s continued obsession with a supposed cover-up in Benghazi have left President Barack Obama on the defensive. As a result, many in the media are speculating that the president has been fatally wounded politically, and Republicans are openly discussing impeachment.
This is not the first time they have predicted Obama’s demise, however. In fact, the president’s four-plus years in office have been littered with “bombshells” that were supposed to destroy his credibility, only to land with a thud when presented to the American public.
After that the author presents the other "career ending" scandals that were heralded by the conservatives as signaling the death knell of this Presidency.
Fast and Furious.
Solyndra.
You Didn't Build That!
Obama's "Other Race Speech."
The Birth Certificate.
"Yeah maybe THOSE did not bring down the Muslim-in-Chief, but SURELY 'Umbrellagate' will finally drive the stake through the heart of this most corrupt Presidency in American history." Said the most ignorant closeted racists in the country.
No I don't think that these sad little conspiracy theories are going to result in impeachment or any significant damage to Obama's presidency, but they WILL continue to drive money into the campaign coffers of various Right Wing politicians so the real problem is that scandals do not have to be true, or even ultimately damaging, in order to have an impact on the politics in America.
I would only hope that for every dollar that goes into Mitch McConnell's campaign fund due to this kind of garbage, that two dollars go into the campaign fund of his opponent from people who are sick and tired of hearing about it ad nauseam.
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