"Green" Crony Capitalism

#51
#51
vols4sure said:
Solyndra was also a loan you moron. How did that turn out?
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According to you this company ought to be able to pay it back easily. You can't have it both ways.

Don;t know why I bother with you since you clearly don't care about the facts.
 
#52
#52
lawgator1 said:
According to you this company ought to be able to pay it back easily. You can't have it both ways.

Don;t know why I bother with you since you clearly don't care about the facts.
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They can currently obtain it from private sources easily if it was a sound business decision. What if things go south. It is the private sources that will get hurt instead of the taxpayers.

Why is the government involved? Why do they have to offer incentives?
 
#53
#53
vols4sure said:
On favorable terms to buy GE trains you moron.
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and GE also just placed a very large order of Chevy Volts for their fleet (in fact it was required by their leaders). See any connections? The govt wants to trot out GE as being an evil, tax-evading company but they are still meeting every night at the no-tell motel. Amazing
 
#54
#54
lawgator1 said:
Yeah, we don't want them buying trains that will be built in the USA.

I noticed you lefty off this little tidbit from the story:

“The RRIF program is a model of how we can leverage federal dollars to stimulate private investment and grow the economy,” said Federal Railroad Administrator Joseph C. Szabo. “The program provides steady, affordable financing for major rail construction and expansion projects.”


I wonder what right wing blog you got this from, which probably, like you, omitted key facts that demonstrate the viability and strength of such a program.

Once again, the far right hatemongers take some minor story and try to twist it, facts be damned, to make it look awful. All while actively rooting for the economy to stall or get worse.

Pathetic.
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Wait, the administrator of the program calls is a model program and that is a critical piece of information that was left out?

I bet Chu thinks the DoE loan program was a model federal program too.
 
#55
#55
vols4sure said:
Why is the government involved? Why do they have to offer incentives?
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I think it is to bridge the gap just a little in the economic viability of the idea of buying the 30 locomotives, so as to put people to work and improve environmental impact of train use, generally, leading to more manufacturing jobs in the US when we can certainly use them.

Solyndra was highly dubious, I would agree.

But I am having a hard time seeing a major downside to this program or purchase, given all of the circumstances reported.
 
#56
#56
lawgator1 said:
I think it is to bridge the gap just a little in the economic viability of the idea of buying the 30 locomotives, so as to put people to work and improve environmental impact of train use, generally, leading to more manufacturing jobs in the US when we can certainly use them.

Solyndra was highly dubious, I would agree.

But I am having a hard time seeing a major downside to this program or purchase, given all of the circumstances reported.
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you don't see any crony capitalism here? No link that Immelt is a top advisor for Obama and the GE is a major contributor to this administration?
 
#57
#57
lawgator1 said:
I think it is to bridge the gap just a little in the economic viability of the idea of buying the 30 locomotives, so as to put people to work and improve environmental impact of train use, generally, leading to more manufacturing jobs in the US when we can certainly use them.

Solyndra was highly dubious, I would agree.

But I am having a hard time seeing a major downside to this program or purchase, given all of the circumstances reported.
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This is not a well run small outfit. This is a large public traded 8 billion dollar company that could afford the trains on there own. No need for the government to get involved other than to influence behavior at the expense of taxpayers.
 
#58
#58
volinbham said:
Wait, the administrator of the program calls is a model program and that is a critical piece of information that was left out?

I bet Chu thinks the DoE loan program was a model federal program too.
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Point was its open to others (article goes on to say there's like $35 billion in it) and purpose is to make financing these purchases easier.
 
#59
#59
vols4sure said:
This is not a well run small outfit. This is a large public traded 8 billion dollar company that could afford the trains on there own. No need for the government to get involved other than to influence behavior at the expense of taxpayers.
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I assume, then, that you also oppose subsidies of any kind for oil companies?
 
#60
#60
lawgator1 said:
I assume, then, that you also oppose subsidies of any kind for oil companies?
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I do. I also support (like you do) drastically lowering corporate taxes. Get the government out except small business benefits in certain situations and research (very limited).

Why do you continue to harp on oil companies? The government does far more to hurt the oil companies than they do to benefit them. Have you ever even complained about the favorable treatment of companies such as GE? You realize GE gets many of the same subsidies that oil companies get?
 
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#61
#61
lawgator1 said:
Point was its open to others (article goes on to say there's like $35 billion in it) and purpose is to make financing these purchases easier.
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The borrower is less of the problem than the intended use of the loan. I bet you can't get a loan to buy foreign built (non-GE) locomotives. Wonder how hard GE lobbied to get this loan program put in place.

More importantly how do we know this loan program is necessary? We have to take the word of the administrator of the program and the Obama administration.
 
#65
#65
just another nugget on the great Solyndra

Solyndra Not Dealing With Toxic Waste At Milpitas Facility « CBS San Francisco

Solyndra leased a building on California Circle for the final assembly of its solar panels. But the cleanup at the leased building in Milpitas is in limbo, because Solyndra doesn’t want to pay.

CBS 5 found the building locked up, with no one around. At the back, a hazardous storage area was found. There were discarded buckets half filled with liquids and barrels labeled “hazardous waste.”
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of course they don't want to pay! They were told they could keep all the money without doing any real work
 
#66
#66
Green energy doesn't pollute - clearly this is not toxic waste.

If it is, then I guess we can count clean up of the toxic waste created by green companies as green job creation?
 
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