Obama’s surrogates have been all over television today trying to shape tonight’s Republican debate. They’re going after the GOP candidates, saying they will enact policies that will hurt the economy. (With a straight face, I presume.)
As Republican presidential candidates prepared to debate economic policy in New Hampshire tonight, President Barack Obama and his allies went on the offensive, maintaining the president’s would-be challengers don’t have a plan to revive the economy.
Republicans want to “basically build a bridge back to the recession,” White House senior adviser David Plouffe said this morning on NBC’s “Today” program. Their policy prescriptions would “let Wall Street write their own rules, cut taxes for the wealthiest, let polluters have their way with our air and water.”
“That’s not going to grow jobs now or in the long term,” he said.
Ha! As if this crew is anyone to talk about job creation. How many jobs did they create when they dumped half a billion dollars into the now-bankrupt Solyndra? And if you think Solyndra’s bad, take a look at SunPower.
How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.
The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.
Two men with insight into the process are SunPower rooter Rep. George R. Miller III, (D.-Calif.), the senior Democrat on the House Education and Workforce Committee and the co-chairman of the Democratic Steering and Policy Committee, and his SunPower lobbyist son, George Miller IV.
Miller the Elder is a strong advocate for SunPower, which converted an old Richmond, Calif., Ford plant in his district to a panel-manufacturing facility.
Read the whole thing, it gets even worse. If you’re short on time just scroll down to the conclusion.
Cronyism and corruption runs rampant in our government and this is another example.
Consider also what just happened in a Texas federal court. A Dallas business owner was involved in a civil dispute and paid millions of dollars to lawyers, and when he objected to their fees, they had a “friendly” judge seize all of his property, without any notice or hearing, and essentially ordered him to be an involuntary servant to the lawyers. The business owner has been under this “servant” order for 10 months and is prohibited from owning any possessions, prohibited from working, etc…
http://lawinjustice.com has details about this disturbing case, and here are some quotes from the judge:
THE COURT: “I’m telling you don’t screw with me. You are a fool, a fool, a fool, a fool to screw with a federal judge, and if you don’t understand that, I can make you understand it. I have the force of the Navy, Army, Marines and Navy behind me.”
THE COURT: “You realize that order is an order of the Court. So any failure to comply with that order is contempt, punishable by lots of dollars, punishable by possible jail, death”
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“Read the whole thing, it gets even worse. If you’re short on time just scroll down to the conclusion.”
And if you’re not, attempt to verify the numbers provided in the opening paragraphs of the Human Events article.
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“On 29 April 2011, Total S.A. agreed to buy 60% of SunPower for US$1.38 billion.”
People with blogs repeat a lot of BS. A lot of that BS repeating is based on people wanting it to not be BS based on ideology. A lot of it is based on them just being gullible tools who will repeat anything they’re told.
The problem is, nobody has yet invented a political party that has a set of ideals or beliefs that would let anyone with a functioning brain buy the claim that a company with net debts – a red balance sheet, that is not worth a dollar – can make the deal quoted above.
Until the Meth Not Math party opens up for membership, what excuse do you really have for this?
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