Republican Party, Teabag Party and the Libertarian Party absolutely SUCK!

[Palehorse]

Olias,
May I ask you an honest question.  Do you consider the poster PH posted a lie?


If so, should it be posted in the TUZ liars area?

Post it there jackass.  I dare you.

[Henry Hawk]

Post it there jackass.  I dare you.

jackass?  really?

[Bo D]

When we asked the Romney campaign for information on this claim, we were told that it refers only to companies that received so-called section 1705 loans — a program created by the stimulus. A second program — the so-called section 1703 loan program — was created under the Bush administration, but loans were approved by the current administration. Also, Romney counted only section 1705 loan guarantees approved in the Obama administration's first two years — ignoring the past two years.

Romney did not say any of that during the debate.

By limiting his scope to just the first two years of the program, Romney arrives at seven companies and three of them — including Solyndra — have filed for bankruptcy protection. The others were Beacon Power, which received a loan guarantee of $43 million, and  Abound Solar, which was approved for a $400 million loan but borrowed only $70 million against that. So, combined the three companies were approved for a total of $978 million in U.S.-backed loans and borrowed $648 million of that.

But there were a total of 26 companies that received approval for $16 billion in loan guarantees under the section 1705 program. So, 11.5 percent of the companies — not half — have filed for bankruptcy. And those companies were approved for a little more than 6 percent of the $16 billion in total loan guarantees.

[Bo D]

Damn! Even Fox News says it was only THREE!

"Abound is the third company that has received a DOE loan to go bankrupt," the House Committee on Energy and Commerce told Energy Secretary Steven Chu in a letter Wednesday. "The committee seeks to better understand what DOE knew about problems with Abound's solar panels prior to finalizing its $400 million loan guarantee."

http://www.foxnews.com/politics/2012/10/11/another-bankrupt-solar-firm-facing-scrutiny-from-lawmakers-investigators/#ixzz290qE9Rem

[Henry Hawk]

My question is this.....the poster said only THREE filed for bankruptcy....that is a lie.

Here are EIGHT, that I found with little trouble...there are more, but that is a moot point to this conversation.


Solyndra Was Offered The First Recovery Act Loan Guarantee, Receiving $535 Million From Taxpayers In March 2009. ("Solyndra Offered $535 Million Loan Guarantee By The U.S. Department Of Energy," Press Release, 3/20/09)

   
• A Total Of 1,861 Workers Were Laid Off By Solyndra As It Went Bankrupt. "Since September 1, 2010 (impact date), an estimated 1,861 workers have been separated from the firm. This total includes an estimated 649 temporary workers as well as leased workers from West Valley, Aerotek, Oxford Global, GES and Lighthouse Management. Most of these separations occurred at the time of the shut-down of the Fremont, CA facility on August 31, 2011. An additional 85 workers are threatened with separation as the company's operations wind down." (Employment And Training Administration, "Investigative Report TA-W-80,410; Solyndra LLC," Department Of Labor, 9/12/11)

Abound Solar Was Given A $400 Million DOE Loan Guarantee For "Plans To Open A Massive Solar-Panel Plant In Tipton," Indiana. "Abound Solar Inc., a Loveland, Colo.-based manufacturer that plans to open a massive solar-panel plant in Tipton, has raised $110 million from investors and closed on a $400 million government loan guarantee to increase its production capacity, the company announced Tuesday." ("Abound Solar Completes Financing For Tipton Plant," Indianapolis Business Journal, 12/15/10)

   
• "Abound Solar Filed For Bankruptcy On Monday And Will Liquidate, Becoming The Latest U.S. Solar Panel Company To Fold Despite Government Support." (Caroline Humer, "Abound Solar Files To Liquidate in Bankruptcy," [font=]Reuters[/font], 7/2/12)

Beacon Power Was Awarded A $43 Million Federal Loan Guarantee In August 2010 To Build A 20-Megawatt Flywheel Energy-Storage Plant In Stephentown, NY. "In August 2010, Beacon Power was awarded a $43 million federal loan guarantee that the Tyngsboro, Mass., company used to put in place a 20-megawatt flywheel energy-storage plant in Stephentown, N.Y. The plant takes excess electric energy from the power grid and converts it into the energy of a spinning wheel, releasing it into the grid when needed. By June 30, the project had drawn down $38 million of the loan. Beacon also qualified for a $23 million grant from the DOE." (Yuliya Chernova, "Renewable-Energy Firms Facing Financial Hurdles," The Wall Street Journal, 10/27/11)

   
• "Beacon ... Sought Chapter 11 Protection On Oct. 30 In Delaware, Listing Assets Of $72 Million And Debt Totaling $47 Million, Including $39.1 Million Owed On A Government-Guaranteed Loan." (Phil Milford and Dawn McCarty, "Ener1, Battery Maker, Seeks Chapter 11 Bankruptcy Protection," [font=]Bloomberg[/font], 2/8/12)

"The Energy Department In 2009 Approved A $118.5 Million Stimulus Grant For Enerdel, A Subsidiary Of The Company That Develops Lithium-Ion Batteries Used In Electric Vehicles." (Andrew Restuccia, "Obama-Backed Electric Car Battery-Maker Files For Bankruptcy," The Hill's E2 Wire,1/26/12)

   
• Enerdel, Ener1, A Parent Company Of Energy Storage Company That Received A $118.5 Million Stimulus Grant, Filed For Bankruptcy. "An Indiana-based energy-storage company that received a $118.5 million stimulus grant from the Energy Department filed for bankruptcy Thursday. Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the company's debt and infuse $81 million in equity funding." (Andrew Restuccia, "Obama-Backed Electric Car Battery-Maker Files For Bankruptcy," The Hill's E2 Wire,1/26/12)

Energy Conversions Devices Received A $13 Million Stimulus Tax Credit. "ECD says it's pushing ahead with plans to use the $13 million stimulus tax credit it received to upgrade other parts of its Auburn Hills operations to produce a new, more efficient line of solar cells. When ECD announced the Department of Energy award, it said the $42 million project would create about 600 additional jobs in Michigan." (Joseph B. White, "Green Jobs That Can Be Outsourced, The Wall Street Journal's Washington Wire,8/11/10)

   
• In February 2012, Energy Conversions Devices Inc., A Michigan Based Solar-Technology Company Filed For Bankruptcy Protection. "Energy Conversion Devices Inc., a pioneering Michigan-based solar-technology company, filed for bankruptcy protection Tuesday with a plan to slash its debt and sell its business at a court-supervised auction. The Auburn Hills, Mich., company filed for Chapter 11 protection in U.S. Bankruptcy Court in Detroit after it was unable to come to terms on an out-of-court deal with its convertible bondholders, according to Michael E. Schostak, director of business development at Energy Conversion Devices." (Patrick Fitzgerald, "Energy Conversion Devices Files For Chapter 11," [font=]The Wall Street Journal[/font], 2/14/12)

Raser Technologies Received $33 Million For A Geothermal Plant In Utah But Is Now Bankrupt. "Raser Technologies Inc., for example, filed for bankruptcy protection last April, after receiving a $33 million grant for a geothermal plant in Beaver County, Utah. Lecia Langston, a Utah state economist, said the plant now has fewer than 10 employees." (Ianthe Jeanne Dugan and Justin Scheck, "Cost Of $10 Billion Stimulus Easier To Tally Than New Jobs," The Wall Street Journal, 2/24/12)

SpectraWatt Received $500,000 From An Energy Department Grant in June 2009, $150,000 From The National Science Doundation in June 2010, And Filed For Bankruptcy In August 2011. "SpectraWatt scored a $500,000 grant from the DOE in June 2009 and $150,000 from the National Science Foundation in June 2010. Facing stiff Chinese competition, this solar-cell manufacturer closed its factory in Hopewell Junction, N.Y., and dismissed all 117 workers in April 2011. SpectraWatt filed for Chapter 11 bankruptcy protection Aug. 19, 2011." (Op-Ed, "Obama's 'Green' Projects Bleed Red Ink," Abilene Reporter-News, 7/24/12)

SpectraWatt Has Filed For Chapter 11 Bankruptcy. "After closing its doors and laying off workers earlier this year, SpectraWatt Inc. has filed for Chapter 11 bankruptcy protection. The solar cell maker's choice of Chapter 11 protection indicates a plan to auction its assets, perhaps as soon as Sept. 28 if the U.S. Bankruptcy Court grants its proposal." (Sarah Bradshaw, "SpectraWatt files For Chapter 11, Seeks Asset Auction," Poughkeepsie Journal, 8/24/11)

[Bo D]

My question is this.....the poster said only THREE filed for bankruptcy....that is a lie.

If you think it's a lie then post it in the TUZ Tracker yourself. But be prepared for PH to prove you wrong.

[The Troll]

   Give it up, Hawk is an oil man, he's got oil in his veins.     He just love to suck up to oil tycoons.  To hell with solar, to hell with wind, to hell with geothermal, give him oil, there is no such thing as global warming.    Hell, he will suck up to anyone with money,  He's a money whore.   

[Henry Hawk]

If you think it's a lie then post it in the TUZ Tracker yourself. But be prepared for PH to prove you wrong.

nope, I'm not playing that game.........I made my point, and I am right.....MORE than THREE companies filed for bankruptcy...

I thought YOU of all people on here would be about being fair and unbiased.

it IS what it IS. 

a lie

[The Troll]

nope, I'm not playing that game.........I made my point, and I am right.....MORE than THREE companies filed for bankruptcy...

I thought YOU of all people on here would be about being fair and unbiased.

it IS what it IS. 

a lie

  How many car companies went out of business with Herbert Hoover's depression and you wanted to two more America car companies to go out of business with George W. Bush's depression.  Henry you just plain suck. 

  Thomas Edison when out of electric generation business with his Direct Current transmission.  Westinghouse won the business with Alternating Current.  Henry you got to experiment to go into anything new, you got to spent money in researching anything new.  How many rockets did we lose just trying to get into orbit.  Henry it took a lot of money to get in to space and you were for it.  Remember how good you felt when John Glenn step out onto the moon?  Henry you don't remember shit. 

[Bo D]

nope, I'm not playing that game.........I made my point, and I am right.....MORE than THREE companies filed for bankruptcy...

I thought YOU of all people on here would be about being fair and unbiased.

it IS what it IS. 

a lie

No. It isn't.

[Henry Hawk]

No. It isn't.

More than three filed for bancruptcy..........am I missing something?

[Bo D]

More than three filed for bancruptcy..........am I missing something?

Yes. You are.

[Henry Hawk]

Yes. You are.

I am running out of time today, but by all means, fill me in.  It is so very obvious to me, that more than three filed bankruptcy...........I clearly pointed them out.  The poster says only three filed.  I like you and I trust you....therefore, I have a dilemma.

Well not really, I'm not going to lose any sleep over it, but I am trying ever so dilegently to not be a "jackass" as palehorse seems to think I am. 

[Bo D]

I am running out of time today, but by all means, fill me in.  It is so very obvious to me, that more than three filed bankruptcy...........I clearly pointed them out.  The poster says only three filed.  I like you and I trust you....therefore, I have a dilemma.

Well not really, I'm not going to lose any sleep over it, but I am trying ever so dilegently to not be a "jackass" as palehorse seems to think I am. 

Fox News said only three. Fact Check said only three. I think if you research this a little more closely that most of those companies you listed don't even belong in this argument. I could tell you why, but I think it would do you good to find out for yourself.

[Exterminator]

Henry might want to also do a little research on how many people are currently employed by companies involved in renewable energy.  Hint: it's a big number...in some states, there are more people employed in renewable energy than the coal industry employs nationwide.

As I pointed out in a previous post here...progressives craft their policies with an eye to the future whereas conservatives only care about what is most politically expedient today.