So What Did the President Know and When Did He Know It?
Or Does He Really Know Anything at All?
Revised: October 3, 2011
Mr. Obama has numerous pet projects and favorite groups he loves to give taxpayer money to. Among many of these such groups are his "green" hand-outs. Green companies seems to be tops on his list. Apparently he can be careless with people's hard-earned money because it doesn’t seem to matter if these “green” companies are on the verge of bankruptcy when he doles out all of that money that isn't his.
We all know about the Solyndra scandal. Mr. Obama, this genius legal mind who was extoled by the left as practically being the next Messiah, couldn’t pick even one person on his staff or in his administration who was capable of determining that Solyndra was – as The Wall Street Journal puts it, “hemorrhaging money”?
I can just picture Barry in the Oval Office.
[Staring at flash cards spread out, face up on a the desk with names of “green” companies in bold letters. He quickly shuffles them and out of the pile pulls out three cards.]
“Eeenie meanie miney moe, catch a greenie by the toe! I choose you and you and you!”
An aide takes the three cards, “So these are the companies who get some of the stimulus money Mr. President?”
“You betcha!” is his immediate reply.
It is the only way to explain how in the sam hill a company like Solyndra received a dime of taxpayer money no less a half billion dollars. What did Mr. Obama know? Did he know any of this? When did he realize this was a bone headed idea? Or is he still unaware of this fact?
Recently, the WSJ had at least two very revealing articles about the…shall we say, stupid business plan of Solyndra. The list of what went wrong is long, but there was one glaring mega problem that even a blind man could have determined quite easily.
Despite the fact Solyndra’s process of making solar panels cost them approximately $4.00 (due to an element needed that became overpriced in China), these panels could only be sold for oh, about a buck-fifty.
In their infinite wisdom, the Obama political machine quite simply ignored this minor problem and handed over approximately $500 million of the so-called stimulus money that didn’t stimulate anything except the pockets of special friends of Obama and Biden.
Now, either this administration knew this—think of the implications—or no one in this brilliant Hopey Changey Circus had the smarts enough to use basic bookkeeping and figure something like, ‘Gee, maybe this isn’t such a good business plan that Solyndra has after all…”
As the WSJ implies—that taxpayer give-away very well could have put grease to the skids of Solyndra’s bankruptcy. Because instead of figuring out another way to manufacture those solar panels cheaply so as to stay afloat, the CEO ignored their “minor” problem and decided they needed a bigger warehouse.
You can’t make this stuff up folks…
Could this have been just another photo op for Mr. Obama? Was he hoping to give Solyndra the money and they would build a big warehouse so that he could go back and cut the ribbon and say, “See! 200 jobs created”?
Otherwise what the CEO did with the stimulus money makes absolutely no sense.
Am I to understand he didn’t try to fix the bottom line problem he just wanted to build a bigger warehouse to make overpriced solar panels that he couldn’t possibly sell for even 1/3 as much as it cost to make them? Seriously?
Who does this? What lending institution "loans" that kind of money to a company hemorrhaging millions each month - without even asking for a business plan to correct this?
[Slaps forehead] OH! It’s the Bank of Obama! It’s Obama money that does this! That’s right, I forgot!
I heard President Obama from his own mouth say “20/20 hindsight” as in – well – of course when one looks back upon what happened it doesn’t seem like a good idea, but it seemed like a good idea at the time.
Really? Are you kidding me?
A grand idea Mr. Obama you smarty pants! So then answer me this, why did the Bush administration look into this exact same company with the exact same problems just before you sat on your throne and shelved the idea of giving this company any money?
Here’s the real kicker to this story. Let’s just go into that world of pretend, where The Teleprompter in Chief apparently spends an enormous amount of time, and let’s imagine that the CEO of Solyndra was able to magically come up with a fix for the solar panel cost during production. Let’s also imagine that the new bought-with-stimulus warehouse that ended up being abandoned after only being partially built, was finished and those 200 new jobs were created and on a pretty sunny day, there was that whole ribbon-cutting thing going on.
Even if all of that actually happened in real life instead of Mr. Obama’s fertile imagination, a teeny problem still arises.
There is no cost effective way to store any of the solar energy that these solar panels would "save." In other words - they'd only work in super sunny environments and only if the sun never set.
In any areas where the sun doesn't shine for long winters - the need is to store the energy these solar panels will obtain so that it can be used when the sun isn’t shining. But, there isn't the technology (yet) to store the solar energy on a scale and that would be efficient enough to run homes in areas that have extended periods with little to no sunshine. Think Lansing, Michigan say oh—between December and March…
[balls hands into fists at her side] Are you kidding me?!
What did the President know? Was it before he handed over the money? Or was it after he gave our money away? When did he know that Solyndra, the company that listed the Democratic Party as one of their lenders on the bankruptcy papers BTW-was not such a super duper “investment” of people’s hard-earned money?
[balls fists up at her sides again and stomps from the room muttering arrrrrrgggggg…]
*****Vote Herman Cain 2012. We need an adult with common sense, morals, a great work ethic and the smarts the good Lord gave him, in charge!