Feds Should Stop Betting Tax Funds on Solyndras
Junior soccer boots nike tiempo legend soccer cleats you would think that with all this money being thrown around someone would have been keeping score of what’s going where and when each investment’s return should come in. But as we would learn, money was not distributed to businesses based on merit, or job creation for that matter. Department of Energy. You probably heard how that company was handpicked and that it went bankrupt last year.
[See a collection of political cartoons on energy policy.]
Let’s forgive and forget. Oh wait; I can’t do that. CBS News just reported that the government’s “investment strategy” implementing the same wisdom that selected Solyndra has been extended to 12 green energy companies that are having considerable financial trouble after being approved for more than $6.5 billion in federal loans. In addition to Solyndra, four others have filed for bankruptcy too.
To make matters worse, some junior soccer boots of these companies had poor ratings worse than junk bonds. And the government knew that too but gave them the money anyway.
One company called Sun Power landed a $1.2 billion loan guarantee last fall, but CBS reported that on its last financial statement the company owed more than it was worth. Another loser junior soccer boots was First Solar, which left taxpayers on the hook to back $3 billion in company loans.
In this era of transparency, Energy Secretary Steven Chu opted against explaining this mess when reporter Sharyl Attkisson offered the opportunity. government is like asking the manager of the New York Yankees to be the general in charge of America’s troops in Afghanistan. It’s that absurd, Some believe the federal government is simply trying to jumpstart the economy. They say that big rewards require big risks.
The drugstore was one of three in town that had a soda fountain. I made burgers, sandwiches, ice cream sundaes, etc, and delivered medication to people who dropped off their prescriptions and wanted home delivery. I also placed bets for the pharmacists and a bookie named Gus. News Energy Intelligence blog on Twitter]
Each day around noon I’d have to drive south to the nearest OffTrack Betting office (at 233rd St. and White Plains Road in the Bronx. That’s closed now too.). I had to get the bets in before post time at Aqueduct Raceway and Belmont Park.
Gus knew the horses but he knew his clientele better. One day one of the pharmacists left cash for a wager on the counter but had written something imperceptible and left the store. We knew which race but couldn’t read which horse he picked. (This was before cell phones there was no way to reach him.) Knowing the pharmacist’s mercurial temperament I asked Gus if he had an idea which horse the pharmacist was considering or if he should pick it himself.
Gus declined. “Can’t do that, he said. “It nike tiempo legend soccer cleats ain’t my money,
See an opinion slide show of 10 wasteful stimulus projects.
See a collection of political cartoons on the budget and deficit.
Read Thomas Pyle on how the government failed in energy policy in 2011.
Article well written, and I must admit a refreshing break of fairness as to what has
been going on in the government! The fact is, the Feds are taking too much into their own hands in so many areas, which should be the decisions of we the people, whose money it is that they are throwing away. Let’s face it, there are things taking place in our government, that are not in Americas’ best interest! It does look like something internal within the government is out to destroy our freedom of choice, and is trying to take control over America as we knew it, take for example, wanting to dominate the Internet! That is sticking their noses in where they have nike tiempo legend soccer cleats no business. There are millions of Americans who would give you thumbs up! I well remember the words of Nikita Khrushchev back in the early 60s, when he pounded his fist on the podium, saying, “we will bury you from within, without firing a shot, We are seeing what he was talking about now! We are now living his pronouncement. This is why such horrible things are happening in our beloved country! Keep up the good work of bringing things such as you have nike tiempo legend soccer cleats in this article, without which many good American people would not know what has and IS now going on nike tiempo legend soccer cleats.