Which one will be BO's Watergate??

I wonder when the libs are going to realize the gov't can't throw billions and billions of dollars at an industry and magically make it a success?

 

Ummmmm.. my guess will be: NEVER

 

Tell the military that.

 

You're probably right

 

Here is the latest log for the fire.
Feinstein suggests some in White House leaked info

http://news.yahoo.com/feinstein-suggests-white-house-leaked-221025213.html

Just in case there is someone new around here, Feinstein is not exactly your typical right wing conservative.

 

View attachment 490

 

http://www.foxnews.com/politics/201...mote-stimulus-in-535m-solyndra-loan-approval/

 

Maybe he does not need a "Watergate". The economy should be all that is required;

 

Now if you keep posting these statistics you are going to force the libs to come up with even more stories to distract their simple minded followers.

 

Well, the Obama administration is at it again. They just don't learn:

U.S. poised to hand over $197 million to another solar panel start-up

LOS ANGELES (Reuters) - A tiny solar company named SoloPowerwill flip the switch on production at a U.S. factory Thursday, a major step toward allowing it to tap a $197 million government loan guarantee awarded under the same controversial program that supported failed panel maker Solyndra.

SoloPower has initiated a strategy to differentiate it from struggling commodity players in the solar panel industry. Still, there are several similarities between SoloPower and Solyndra - which became a lightning rod in the U.S. Presidential campaign this year after taking in more than $500 million in government loans and then filing for bankruptcy.

Like Solyndra, SoloPower is a Silicon Valley start-up and uses the same non-traditional raw material in its solar panels. And, like its now-defunct peer, SoloPower is one of just four U.S. panel manufacturers to clinch loan guarantees under the Department of Energy's $35 billion program to support emerging clean energy technologies. The DOE payments to SoloPower will come on top of the $56.5 million SoloPower has collected in loans, tax credits and incentives from the state of Oregon and the city of Portland, where its first factory will be located.

And, perhaps most importantly, SoloPower is entering the market at a time of cutthroat competition from cheaper solar products made in China.

Though global demand for photovoltaic solar installations is expected to grow about 8 percent this year, rapid expansion of panel manufacturing in Asia in recent years - combined with a pullback in government incentives in key European markets - has left a glut of solar panels in the market, sending prices down 30 percent this year alone.

Companies that make those panels are now struggling to survive. Even the world's largest solar panel maker, China's Suntech Power Holdings Inc, warned on Friday that it may be delisted by the New York Stock Exchange because its share price, which reached $90 in 2008, is now less than $1. Debt-heavy Suntech has also been hurt since it said in July that its partner in a solar development fund might have defrauded it with a bogus collateral pledge of hundreds of millions of German bonds.

http://news.yahoo.com/insight-u-poised-hand-over-197-million-another-050244090--sector.html

 

So would you want to withdraw government investments? Does that include your farm? The government has paid you to plant a certain percentage of your land with a certain type of crop, or to fallow, right? But that type of government assistance is fine, right? Or how about to other industries? Are you saying you'd want all those tax breaks and such removed? Are you saying you want an increase in some industries tax rate? But, not your own, of course.

 

My statement was in regard to Federal gov't wasting taxpayer money trying to create an industry where there isn't either demand for the product or potential for organic growth. Attempts to create an industry based on political ideology never works.

I would not have an issue with it if the Federal gov't stopped investing in businesses.

 

Agreed, the main point is about the failing of one investment, that with Solyndra. I'd disagree it's completely a political ideology, but I'm not saying politics had nothing to do with the choice to invest in the company. China was a main reason for the failing (cheaply made similar products), but IMO, that should have been anticipated.

 

Plant that got $150M in taxpayer money to make Volt batteries furloughs workers​

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President Obama touted it in 2010 as evidence "manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.​

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Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.​

The facility, which was opened in July 2010 with a groundbreaking attended by Obama, has yet to produce a single battery for the Chevrolet Volt, the troubled electric car from General Motors. The plant's batteries also were intended to be used in Ford's electric Focus.​

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Production of the taxpayer-subsidized Volt has been plagued by work stoppages, and the effect has trickled down to companies and plants that build parts for it -- including the batteries.​

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“Considering the lack of demand for electric vehicles, despite billions of dollars from the Obama administration that were supposed to stimulate it, it’s not surprising what has happened with LG Chem. Just because a ton of money is poured into a product does not mean that people will buy it,” Paul Chesser, an associate fellow with the National Legal and Policy Center, told FoxNews.com.​

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The 650,000-square-foot, $300 million facility was slated to produce 15,000 batteries per year, while creating hundreds of new jobs. But to date, only 200 workers are employed at the plant by by the South Korean company. Batteries for the Chevy Volts that have been produced have been made by an LG plant in South Korea.​

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Read more: http://www.foxnews.com/us/2012/10/08/lg-plant-that-got-150m-to-make-volt-batteries-in-michigan-puts-workers-on/?intcmp=obnetwork#ixzz28uMMZ6eR​

 

You know from the sounds of things, it would not surprise me that his Watergate does not turn out to be Libya. The more people dig into that, the more problems turn up.

 

Indeed. The facts are just beginning to surface about the State Department's negligence of duty (or downright stupidity) regarding the lack of adequate security in Libya. Plus, Obama's efforts to twist the truth may become his Watergate.

 

I've removed all the words you were paid to post here.

 

This Libya debacle seems to have legs, despite the BO admin's best attempts to quash it. Of all the scandals & cover-ups that have plagued his time in office I think this will be the kiss of death for him.

 

It's beginning to look much worse for Obama (and Hillary) as more facts are coming to light:

Documents show Stevens worried about Libya security threats, Al Qaeda before consulate attack​

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October 19, 2012
Across 166 pages of internal State Department documents -- released Friday by a pair of Republican congressmen pressing the Obama administration for more answers on the Benghazi terrorist attack -- slain U.S. Ambassador to Libya Chris Stevens and the security officers assigned to protect him repeatedly sounded alarms to their superiors in Washington about the intensifying lawlessness and violence in Eastern Libya, where Stevens ultimately died.

On Sept. 11 -- the day Stevens and three other Americans were killed -- the ambassador signed a three-page cable, labeled "sensitive," in which he noted "growing problems with security" in Benghazi and "growing frustration" on the part of local residents with Libyan police and security forces. These forces the ambassador characterized as "too weak to keep the country secure."

In the document, Stevens also cited a meeting he had held two days earlier with local militia commanders. These men boasted to Stevens of exercising "control" over the Libyan Armed Forces, and threatened that if the U.S.-backed candidate for prime minister were to prevail in Libya's internal political jockeying, "they would not continue to guarantee security in Benghazi."

Roughly a month earlier, Stevens had signed a two-page cable, also labeled "sensitive," that he entitled "The Guns of August: Security in Eastern Libya." Writing on Aug. 8, the ambassador noted that in just a few months' time, "Benghazi has moved from trepidation to euphoria and back as a series of violent incidents has dominated the political landscape." He added, "The individual incidents have been organized," a function of "the security vacuum that a diverse group of independent actors are exploiting for their own purposes."

"Islamist extremists are able to attack the Red Cross with relative impunity," Stevens cabled. "What we have seen are not random crimes of opportunity, but rather targeted and discriminate attacks." His final comment on the two-page document was: "Attackers are unlikely to be deterred until authorities are at least as capable."

By Sept. 4, Stevens' aides were reporting back to Washington on the "strong Revolutionary and Islamist sentiment" in the city.

Scarcely more than two months had passed since Stevens had notified the Department of Homeland Security, the Department of Justice and other agencies about a "recent increase in violent incidents," including "attacks against western interests." "Until the GOL (Government of Libya) is able to effectively deal with these key issues," Stevens wrote on June 25, "the violence is likely to continue and worsen."

After the U.S. Consulate in Benghazi had been damaged by an improvised explosive device, earlier that month, Stevens had reported to his superiors that an Islamist group had claimed credit for the attack, and in so doing, had "described the attack as targeting the Christians supervising the management of the consulate."

"Islamic extremism appears to be on the rise in eastern Libya," the ambassador wrote, adding that "the Al-Qaeda flag has been spotted several times flying over government buildings and training facilities ..."

The documents also contain evidence that the State Department's denials of requests for enhanced security in Benghazi in the months leading up to the attack may have contributed to the ability of the attackers to plan their assault on the consulate and annex grounds without being detected.

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Read more: http://www.foxnews.com/politics/2012/10/19/documents-show-stevens-worried-about-libya-security-threats-al-qaeda-before/#ixzz29mRxuu6z​