‘People felt that it was a good bet’

http://www.washingtontimes.com/news/2011/oct/3/obama-solyndra-people-felt-it-was-good-bet/

Excuse me Mr. President, but federal tax dollars are not to be wagered.

Hindsight is always 20/20,” Mr. Obama told “Good Morning America” anchor George Stephanopoulos in an online interview. “It went through the regular review process and people felt that it was a good bet.”

That is a lie !!!!

It did NOT go through the regular review process !!

“President Barack Obama said Monday he does not regret a $528 million loan to a solar energy company that later collapsed, saying officials always knew a clean energy loan program would not back winners 100 percent of the time.”

http://www.boston.com/news/nation/washington/articles/2011/10/03/obama_no_regrets_about_solyndra_loan/

IT’S NOT THE FUNCTION OF THE FEDERAL GOVERNMENT TO PICK WINNERS AND LOSERS !!!!!!!!!!!!!!!!

“Obama disputed that, saying China is pouring “hundreds of billions of dollars into this space.” If the United States wants to compete with China, Germany and other countries that are heavily subsidizing clean energy, “we’ve got to make sure that our guys here in the United States of America at least have a shot,” Obama said.”

It is NOT a viable business model!!!!!!!!!!

Let China and other countries WASTE HUNDREDS OF BILLIONS OF DOLLARS on products that cannot survive in the market on their own!!!!!

This is what happens when you elect a person that has never written a payroll check.

This is what happens when you elect a person that has never owned/operated/started a business.

This is what happens when you elect a person that never had executive experience.

This is what happens when you elect a Keynesian Marxist.

I wish more Americans would share my sentiment that tax dollars should be the hardest dollars to spend.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s