Even though President Obama’s green-jobs initiative was responsible for the loan guarantees to the solar energy company Solyndra, which went belly up recently, it turns out that it was another leftover from the Bush Administration that was a time bomb. Check out this press release in 2007 by President Bush’s Energy Secretary.
“Loan guarantees aim to stimulate investment and commercialization of clean energy technologies to reduce our nation’s reliance on foreign sources of energy,” Bush’s energy secretary, Sam Bodman, announced in a press release on Oct. 4, 2007. The release said the Energy Department had received 143 pre-applications for the guarantees and narrowed the list down to 16 finalists — including Solyndra. Bodman said the action put “Americans one step closer to being able to use new and novel sources of energy on a mass scale to reduce emissions and allow for vigorous economic growth and increased energy security.”
But that isn’t the only thing, it seems that the Bush administration changed it’s regulations at the last minute to the benefit of ONLY Solyndra.
Bush’s Energy Department apparently adjusted its regulations to make sure that Solyndra would be eligible for the guarantees. It hadn’t originally contemplated including the photovoltaic-panel manufacturing that Solyndra did but changed the regulation before it was finalized. The only project that benefited was Solyndra’s.
Here are some facts about Solyndra that I’m sure aren’t being discussed at Fox News or any of the other right-wing publications jumping all over this in an attempt to say, “see, clean energy sucks”.
- Solyndra was a very small piece of the policy picture – Solyndra’s $535M loan is just 1.2% of the total $38.6B loan guarantees issued by DOE. (Source: DOE.)
- All energy is subsidized and loan guarantees are equal opportunity – Guess who the biggest loan guarantee went to? Some big wind or solar boondoggle? Guess again: an $8.3B loan guarantee for a nuclear plant down in Georgia. (Source: DOE.)
- Solyndra is not the ‘solar industry’ – Solyndra failed precisely because conventional silicon-based solar is doing so well–the solar industry has reduced the cost of solar by 70% in since 2009. Solyndra had a $2/Watt technology trying to compete against $1/Watt silicon PV.
I doubt that this was a ticking time-bomb left on purpose by the Republicans, but when you look at the history of this mess, Republicans share in the culpability and might want to just shut up about it.
Liberals have derided conservative voters who vote against their own self interests for decades. The perfect example of this self-defeatism is middle and low income people voting for Republicans — who want to shift the nations wealth from poor and working folks to the wealthy in this country. They have been convinced by the very effective brainwashing that began in the Reagan supply-side era, when we were all told that it would trickle down to us, or rather on us.
Many of these very same liberals who deride that group on the right, are doing it themselves. In 2011, the best example of this can be seen in the efforts by Cornel West, Tavis Smiley and Ralph Nader. Eric L. Wattree helps us understand the stupidity of the self-defeatist left, who in my opinion, don’t give a shit about the people they claim to represent. (emphasis mine)
Obama has caused me tremendous frustration on several issues, but simple common sense dictates that my being frustrated is far preferable to allowing the GOP to come into power and turn the United States into a nation of corporate feudalism. That’s a level of common sense that Ralph Nader, Tavis Smiley and Cornel West seems to be lacking. Tavis seems to be keeping a low profile in this effort, by the way, but somehow I still visualize West sitting on his knee with Tavis’ hand in his back.
Isn’t it curious how all of their criticism is directed at Obama while, this point, it has become abundantly clear that the GOP has turned into a group of radical lunatics with absolutely no sense of limits, or any respect for the United States Constitution?
Anyone – and I do mean ANYONE – who would do that is either stupid, insane, think they’ll benefit from a GOP victory in some way, or are so blinded by an oversized ego that they’ve lost all connection with reality. It is clear to most thinking people that President Obama, flaws and all, is our best defense against turning the nation over to a GOP who want’s to drag us back into the Middle Ages. If that wasn’t the case, Nader and West wouldn’t have to mount a talent search. Thus, it’s one thing to have individual principles, but placing the entire nation in jeopardy to indulge those principles suggests an egomania that, at the very least, borders on psychosis.
Again, this is not the first time that Nader and West have engaged in this failed strategy. West supported Nader in his self-serving and childishly petulant campaign during the 2000 election that led to the appointment of George W. Bush. So while West is running around claiming to be so outraged over the economy and lack of jobs for the poor and middle class in this country, he’s partially responsible for it.
Elections have consequences and this country can’t afford the consequences of another Republican presidency.
Nuclear Event in USA on Tuesday, 27 September, 2011 at 03:09 (03:09 AM) UTC, RSOE EDIS [Hungarian National Association of Radio Distress-Signalling and Infocommunications (RSOE) operates Emergency and Disaster Information Service (EDIS)]:
Entergy’s Palisades nuclear plant near South Haven is venting radioactive steam into the environment as part of an unplanned shutdown triggered by an electrical accident. This shutdown, which began Sunday evening, came just five days after the plant restarted from a shutdown that was caused by a leak in the plant’s cooling system.
I had CNN on for a while this morning and didn’t hear a peep about it, but I only had it on for about an hour so they may very well have mentioned it.