The Solyndra fallout now shows Barack Obama is a very foolish investment advisor!

Discussion in 'Political Opinions & Beliefs' started by James Cessna, Sep 15, 2011.

  1. James Cessna

    James Cessna New Member

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    As our chief investment advisor, Obama can really pick ‘um! First he touts Solyndra as one of the best up-and-coming renewable energy companies, gives them $528 M in taxpayer money (our money!) and then the company promptly goes bankrupt!

    And the liberals in this group try and tell us Obama has a great understanding of the applications of investment capital and how to get our economy moving in the right direction again!

    "We would prefer to have sufficient time to do our due diligence reviews and have the approval set the date for the announcement rather than the other way around," said one of the emails from an unidentified OMB aide to Biden's office.

    "The Solyndra fallout has been a huge embarrassment for the White House while Obama travels around the country promoting his jobs plan, which includes more investments in renewable energy. Democrats have insisted failure to invest in the U.S. solar industry would amount to an economic death sentence that would allow other nations to dominate a growing business."

     
  2. algranny

    algranny New Member

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    He sure has a knack for goofing photo shoots, I vividly remember the flyover NYC after his inagauration, scaring everyone in NY for a photo shot. Everything for the "One" of course
     
  3. Lady Luna

    Lady Luna New Member

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    The gvernment shouldn't be in the loan busniess. If a company has a good business plan, it should be able to stand on its own and get financing through normal channels like banks and investment groups. Taxpayers should never be left on the hook for bad loans. This also applies to the Federal Reserve Bank that privatizes any profits made on its loans, while leaving the bad debts to be paid by taxpayers. This is obviously a scam that never should have been allowed.
     
  4. BullsLawDan

    BullsLawDan New Member

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    All government officials are bad investment advisors.

    That's why the prudent plan is to give the government as little money as possible, and allow individuals to control their own investment choices.
     
  5. algranny

    algranny New Member

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    I agree, when business and unions start getting in bed with government it opens the doors to corruption. It has the government picking winners and losers using our hard earned dollars as bait.
     
  6. jmpet

    jmpet New Member

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    I guess Obama is a bad guy. KINDA FITS INTO THE HUNDREDS OF THREADS YOU STARTED THAT SAID SO.

    <<< MOD EDIT: PLEASE REMEMBER TO DISCUSS THE POST AND NOT THE POSTER >>>
     
  7. James Cessna

    James Cessna New Member

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    You are very correct, algranny.

    The government is totally ignorant of the best ways to apply investment capital.

    The bureaucrats seldom pick winners; they mostly choose losers to invest with like they did with Solyndra!

     

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