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The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.

According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September – higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

The report’s findings are more of a political victory than a financial one. It took the program three years to break even after Solyndra’s failure, while during that same time the Standard & Poor’s 500 index increased 67 percent...

Since DOE approved loans for the five utility-scale photovoltaic projects, 17 more have been funded by private investors who would not have taken on that risk five years ago, Davidson said.

“The loan guarantee program has been successful in bringing to market good projects with good credit support that absolutely would not have been built,” said a spokesman for NRG Energy Inc, an energy company that owns three solar power plants that received DOE loan guarantees.

The DOE’s loan program was created in 2005 under the Bush Administration, but its program for renewable energy projects was funded in 2009 as part of the Obama Administration’s economic stimulus, the American Recovery and Reinvestment Act.

The DOE also approved loans for next-generation vehicles that funded both the defunct Fisker as well as Tesla Motors Inc, which last year repaid its $465 million government loan 9 years early.

AZGrizFan wrote:Man, talk about missing the point. What a couple of morans.

kalm wrote:

AZGrizFan wrote:Man, talk about missing the point. What a couple of morans.

The point is…Solyndra!!!

AZGrizFan wrote:

kalm wrote:
The point is…Solyndra!!!

The point is....crooks!

AZGrizFan wrote:

kalm wrote:
The point is…Solyndra!!!

The point is....crooks!

VictorG wrote:

AZGrizFan wrote:
The point is....crooks!

The point is investing in the future.................

AZGrizFan wrote:

VictorG wrote:
The point is investing in the future.................

But only in the future of those who donate to a specific candidate.

And at a time when the company is known to be having financial issues.

And the owners get away with $500,000,000 of our money and then shut the company down.

AZGrizFan wrote:

VictorG wrote:
The point is investing in the future.................

But only in the future of those who donate to a specific candidate.

And at a time when the company is known to be having financial issues.

And the owners get away with $500,000,000 of our money and then shut the company down.

Ibanez wrote:

AZGrizFan wrote:
But only in the future of those who donate to a specific candidate.

And at a time when the company is known to be having financial issues.

And the owners get away with $500,000,000 of our money and then shut the company down.

That isn't your money. It belongs to the benevolent United States government.


Right?

kalm wrote:

AZGrizFan wrote:Man, talk about missing the point. What a couple of morans.

The point is…Solyndra!!!

AZGrizFan wrote:

VictorG wrote:
The point is investing in the future.................

But only in the future of those who donate to a specific candidate.

And at a time when the company is known to be having financial issues.

And the owners get away with $500,000,000 of our money and then shut the company down.

Grizalltheway wrote:

Ibanez wrote:
That isn't your money. It belongs to the benevolent United States government.


Right?

Says the guy on the taxpayer payroll.

Grizalltheway wrote:

AZGrizFan wrote:
But only in the future of those who donate to a specific candidate.

And at a time when the company is known to be having financial issues.

And the owners get away with $500,000,000 of our money and then shut the company down.

Yeah, I'm sure the Koch brothers are funneling all that cash to conks out of the goodness of their hearts, and expect nothing in return.

kalm wrote:
Wait a second…

Do you mean to tell me there are companies and industries that use political access and lobbying to manipulate markets and win favorable treatment from the government?

dbackjon wrote:

kalm wrote:
The point is…Solyndra!!!

Benghazi!!

AZGrizFan wrote:

dbackjon wrote:

Benghazi!!

The list is long and illustrious, isn't it Jon.

Solyndra
Benghazi
IRS Targeting
Fast & Furious
NSA Wiretapping
AP Scandal
Ebola Handling
VA Debacle
Obamacare Rollout Fiasco
Military Officer Purge
Secret Service Debacle
Illegal Immigrant Shipping
Bowe Bergdahl-Taliban Prisoner Exchange
ISIS ignorance
Syrian "red line" foreign policy fuck up
Head up his ass regarding Russia's intentions with Ukraine

....and a whole host of other, less memorable fuck ups.

dbackjon wrote:

AZGrizFan wrote:
The list is long and illustrious, isn't it Jon.

Solyndra
Benghazi
IRS Targeting
Fast & Furious
NSA Wiretapping
AP Scandal
Ebola Handling
VA Debacle
Obamacare Rollout Fiasco
Military Officer Purge
Secret Service Debacle
Illegal Immigrant Shipping
Bowe Bergdahl-Taliban Prisoner Exchange
ISIS ignorance
Syrian "red line" foreign policy fuck up
Head up his ass regarding Russia's intentions with Ukraine

....and a whole host of other, less memorable fuck ups.

LOL -
Solyndra - program is making money.
Benghazi - 1 versus what, 12 under Bush - great improvement
IRS Targeting - been proven that more lefty orgs were targeted.
Fast and Furious - ok, that is one small one.
NSA wiretapping - should have ended the Bush program. This is a bi-partisan fuck up. Do you really think McCain or Romney would have done different?
AP Scandal - not familiar under that name
Ebola - that is a win - no American deaths, it is stopped here. Only a partisan hack would think this is a failure. It was new, lessons were learned.
VA - bipartisan fuck up. GOP won't fund veteran's care
Obamacare - resounding success in the end
Miiitary officer purge - fake scandal
Secret Service issues - he fucked up, he trusted the Republicans.
Illegal Immigrant - law signed by Bush. You guys crack me up.
Bergdahl - we get our prisoners back. A scandal only in the minds that Fox controls
ISIS - McCain would do what - invade? Kill 10,000 more Americans?

AZGrizFan wrote:

Grizalltheway wrote:
Yeah, I'm sure the Koch brothers are funneling all that cash to conks out of the goodness of their hearts, and expect nothing in return.

God you are the KING of posting shit that has nothing to do with the discussion at hand. Go start a fucking thread about the Koch brothers if it bothers you so much.

Grizalltheway wrote:

AZGrizFan wrote:
God you are the KING of posting shit that has nothing to do with the discussion at hand. Go start a fucking thread about the Koch brothers if it bothers you so much.

And you're the king of thinking shit is okay when YOUR side does it.

AZGrizFan wrote:

Grizalltheway wrote:
And you're the king of thinking **** is okay when YOUR side does it.

Not even close,but keep swinging.

AZGrizFan wrote:

Grizalltheway wrote:
And you're the king of thinking shit is okay when YOUR side does it.

Not even close,but keep swinging.

VictorG wrote:

AZGrizFan wrote:
Not even close,but keep swinging.

Actually, history tells me GATW is winning this discussion!

Grizalltheway wrote:

AZGrizFan wrote:
Not even close,but keep swinging.

Well, your assertion that the Koch brothers have nothing to do with monied interests buying favor through campaign donations was off base, at best.