Talk of The Villages Florida

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- The Villages, Florida, Political talk (https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/)

- - Nov. 2012 (https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/nov-2012-a-43338/)

Quote:

Posted by Guest (Post 404727)

You obviously are looking at these "scandals" from one perspective...mine is that Solyndra is one of deceit, manipulation and lying....THAT, and not the dollar amount is important.

:agree:

and add-djplong~Since when is $535million a small piece of anything?

Quote:

Posted by Guest (Post 405024)

:agree:

and add-djplong~Since when is $535million a small piece of anything?

From: http://www.greentechmedia.com/articl...lar-portfolio/

Quote:

Since mid-2010, the DOE has made conditional commitments for 18 loan guarantees in solar to 14 different companies, funding for projects and funding for manufacturing. The total sum of these conditional commitments is $15.585 billion. Solyndra's loan guarantee was $535 million -- or 3.4 percent of the DOE's solar portfolio.

That number warrants repeating: 3.4 percent.

And Solyndra's $535 million is less than 2 percent of the total loan guarantee program.

Just for comparison, the load guarantee is the cost of a couple of days in Afghanistan and Iraq. (Estimates are well over a billion a week)

...and did you realize that Bush was pushing for the Solyndra load guarantee?

There's a lot of interesting reading on the subject - like how certain Republicans first complained that funds weren't being spent fast enough from the stimulus and then said they were being spent TOO fast on Solyndra.

I don't really care if it is less than 2%, more than 10%, or exactly 0.05%...Those are 535 million REAL dollars that came from the hard work of REAL people. That is a HUGE chunk of change down the drain!