Obama Watergate Update: Carney Denies Involvement In Solyndra Loan Review - Live Solyndra Webcast
You know what they say about official denials:
- CARNEY SAYS WHITE HOUSE COOPERATING WITH SOLYNDRA PROBE - Bloomberg
- CARNEY SAYS WHITE HOUSE DIDN'T TRY TO INFLUENCE LOAN REVIEW - Bloomberg
Will a doomed solar company, and a failed economic voodoo religion be Obama's Watergate? We will know in a few weeks. In the meantime, someone should probably look into how much money Obama received courtesy of Solyndra 2, aka Mojave Solar LLC
- DOE ANNOUNCES $1.2B LOAN GUARANTEE FOR CALIFORNIA SOLAR PROJECT
- U.S. CITES LOAN GUARANTEE TO MOJAVE SOLAR LLC
Yeah, that's right: even as the PR scandal of Solyndra is threatening to sweep the administration, it continues to funnel more taxpayer capital in failed solar projects!
In the meantime, readers can watch the Solyndra hearing live here:
#ffffff; display: block; color: #000000; font-weight: normal; font-size: 10px; text-decoration: underline; text-align: center;">Live Video streaming by Ustream
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Bullish for Chinese solars!
BULLISH FOR SILVER. The average panel eats about .75 Troy oz of silver.
Huh?
www.silvergoldsilver.blogspot.com
Ask Leo. BTW, who benefits if Solar fails, why the Fossil Fuel Cabal, that's who.
Solar is a crewel joke in terms of energy density. It's not even a contest. Even before Silver prices put Solar Panels into the cost effective trash can it was found they could never possibly return any cost savings.
Photovoltaics are a joke. Most of the energy that reachs the ground as sunlight is in the visible and IR spectrum. PV picks mostly the UV part which is a low percentage. They are working on multi-junction type cells which would help get some of the other spectrum but (of course) at the cost of more complex panel which of course makes it more expensive, so it is a wash basically.
solar is not a joke. it allows many to get off grid, and the technology is evolving. im quite certain that efficiency will improve over time.
It's a joke in the sense that you have to get someone else to pay for it to make it economically viable.
take away all of the subsidies, tax breaks, incentives, etc. on every other industry-nuclear, coal, oil, etc, and let me know how the cost difference works out.
I do agree to eliminate all subsidies for any economic activity. Same goes for disincentives (i.e. surtaxes). All they do is distort the real relative price of things.
Kito,
You are either a fool or a liar. Fundamentally it's a question of simple energy physics. .
In short, the facts of joules of energy avaiable at the source & joules of energy at the user end.
On both counts, solar energy factually fails to economically compete with other forms of stored energy.
There is simply not enough joules of IR solar energy per square foot of earth to allow solar power to replace or act as a secondary energy source, unless one lives in a desert and doesn't want a/c. But I think the late Sam Kinison summed up living in the desert.
And don't be fooled by the "but if" ideas of research/education PhDs. They as a group have already proved beyond a reasonable doubt they are of lower moral and ethical caliber than those employed by commercial interests.
"On both counts, solar energy factually fails to economically compete with other forms of stored energy."
Now, but I'm sure in the future the economics will flip when oil is running out. Then it will start to gain traction. The main hurdle is not the collectors themselves but intermediary energy storage which when the economics make sense will be developed.
I would say that solar would be better served if used thermally in thermochemical industrial processes. Much effort is for end-use electrical production. More energy is consumed in the chemical and transportation sectors in the form of thermochemical reactions. That is where storage comes in. Storage in chemicals (such as gasoline) would be much preferred method as the densities achieved are higher and thus more useful for end-users.
I, for one, didn't say "solar" was a joke. Just that PV is a joke. There are other solar energy methods, but much investment is getting piled into PV for whatever reason. No doubt efficiency will improve, but economic effectiveness is not the same as efficiency. Systems are designed for not physical energy efficiency but for cost efficiency which are entirely different.
Key concept here is, "allows many to get off the grid". You can cry about the cost of solar vs. fossil fuels (and who knows what the true costs are given the gigantic array of subsidies across the energy industry), but Solar PV allows one to make one's home (and community) ENERGY INDEPENDENT. The story here is not just about cost.
I would tend to think that concept would go over well in the Zero Hedge community.
Solar and wind energy are terrifying to the power elite because they represent a certain amount of energy independence. It was Kissinger who said, "if you want to control a nation, control its energy supply". The only reason that solar and wind energy were even allowed to be subsidized in the 2000s was because they thought they could control it (and more importantly, profit off of it) through carbon taxes via the AGW bogeyman. Now that the lid has been blown off of the AGW lie, they have lost the control mechanism, and solar and wind are getting thrown under the bus as they are no longer of any use.
If US really wanted to they can have alternative energy breakthroughs within 15 years. But why spend money on R&D when you can just invade Iraq, Iran, Nigeria, Somalia, etc. for more cheap oil?
Because US does not want to fund any energy projects that is democratic throughout the world. They want absolute control over world's energy....oil to support the fiat dollar.
Let's not get bogged down with small fry here.It is probably Repub Oil elites attacking any energy independence.
Oil industry gets double digit billion subsidies so does corn energy not to mention middle eastern wars are all about oil.
http://www.grist.org/i/assets/energy-subsidies.jpg
http://www.7gen.com/files/photovoltaic-cost.jpg
Just because US is screwed up in priorities doesn't mean other countries are just sitting back. Especially Asian countries with little internal source of oil will spend the money to push for alternative energy. Maybe that's when US will lose reserve currency power from petrodollar.
I don't believe it is corruption as much as sign of desperate flailing about to find the next breakthrough to provide impetus for a floundering economy -- the fundamental basis of the global USD reserve currency system is that the US will keep innovating and stay one step ahead of the ROW. Unfortunately, it is not happening...
When the government tries to force innovation by manipulating the market, the entire system is corrupted.
Besides, as it stands today, even if America could produce another Tesla, he'd be wasting his time chasing government grants for garbage research or doing bogus studies for corporate giants to disprove gravity.
The country is fat, lazy, and morally bankrupt. A competitve edge is required to stay ahead, and America lost it a long time ago.
Government will always have money to distribute, but Americans will have to tell congress the priority of spending.
I'd rather see government try to force innovation (what was NASA other than aerospace r&D subsidy?) than spend money corp farm subsidies, illegal aliens, Halliburton, oil industry tax breaks, bankster bailouts, etc.
Remember, status quo hates innovation because they are a threat to their oligarchy.
I agree that, if done correctly, R&D grants can be a good thing, but Obama's push for green jobs goes way beyond that. He's trying to "stimulate" innovation, and it's never going to work.
And they just "helped" innovation by just passing the AIA (America Invents Act). As with any of the bills they pass, expect the exact opposite effect of the stated purpose. The AIA is a step to "harmonize" the US patent system with the rest of the world. And we want to be like the ROW why exactly?...
I was reading about how the act would shift the risk equation investment in innovation (in the wrong way) so that Venture Cap will not be able to invest as effectively as it once did in startups. The figures now are the US has 7X the VC investment that EU countries have. And we want to make our patent system more like their's?
yet another nail in the coffin of Yankee Ingenuity.
To add, the proponents of AIA say that it will create jobs, but the evidence they provide take some leaps in logical conclusions. In other words, no empirical evidence exists which can support the argument. Basically, we have to wait 10 years to find out if it screwed us up or not. Just like the health-care bill.
I remember that movie...Solyndra Green with Chuck Heston. Wasn't that the one where he says, "get your paws off me you dirty ape!"?
I think he said nigger
Big Oil is already well positionned in the "renewables". Mouths right under the subsidy spiggots waiting eagerly.
Hey! What happened to your Crash JP Morgue, buy Silver screen name?
So, if that rumor started last November, does this mean it took you almost a year to figure out that it was just bullshit? Or were you the guy that started the rumor? Without a doubt, that rumor ranks as the single biggest pile of bullshit in the metals market thus far. I'm not sure why anyone would follow your blog.
It wasn't started last November, it was started in January of 2010...and have you seen JPM's stock lately? Have you seen JPM vs. silver? Are you really this dumb, or do you just play one on TV?
Listen up, foolio. It was started a few weeks after Sprott started PSLV. The infamous cartoon bears went viral in the first week of December.
You are as good at researching ideas as you are understanding them. The Buy Silver movement was started here, on ZeroHedge, in January of 2010. It morphed through the months until we all realized its potential to take down the banking system. This idea was finalized in the latest during the Summer of 2010. It was not until several months later that Keiser picked it up, and if you have listened to Keiser, you would have heard him give credit to ZeroHedge for the concept, albeit only once.
I like how you ignored his pertinent question.
Have. You. Seen. The. Price. Of. JPM. Stock. Lately?
you are a tour de force of logical fallacies
You are a complete and total failure in every arena.
but haven't all the banks been clobbered the last 6 months?
NO! BLASPHEMY! IGNORE ALL THE OTHER BANKS!
In the doomer wing of the internet psyche ward, the only bank that matters is JPM, and the only positions they hold are silver shorts.
Nothing else matters.
You actually have a point: Major Bank Houses do short silver without locating the underlying asset.
but haven't all the banks been clobbered the last 6 months?
Try the last 10 years... Assuming the bank is still around.
The sunshine crowd views this 'statistic' with strategic optimism.
Not that I am an optimist by any stretch of the imagination. I was talking relative timeframe. I know the overall trajectory for the system is "not good".
I knew about silver shorts long, long, before the bears. It has been debated on this site and at least four others I follow.
Of course. Many people knew about JPM's silver shorts, their supposed manipulation in the metal's market, and there were many lawsuits threatened long before the cartoon video. But the notion that a doomer goon could go to his local coin shop, buy some physical silver and that it would contribute to the imminent collapse of JPM is a vastly different scenario.
The Crash JPM, Buy Silver brigade began in a small window of time near the beginning of Sprott's PSLV.
So now you are admitting that JPM is short silver?
fucking lol
But does he know that shorts need to be located. I doubt he knows what that means.
This is just one of hundreds of posts, and combined together, the concept became well thought out and thorough. The Buy Silver movement started here, and ended up in Max Keiser's back pocket.
Sun, 02/07/2010 - 20:37 | Mr Lennon HendrixNo bell; it's a TKO!
My boss says complacency kills.
Bulls go Moooooo!!!!!!
Buy Silver.
That's one of the most ridiculous posts ever recorded on the internet. I can't even believe that you perused through all your utterly banal posts, and decided on THAT one.....Bulls go mooooooooo......... ???????????
It's just the dumbest post ever. Seriously. just DUMB!
If you think "Bulls go Mooooooooo... Buy silver" is the same as "Crash JP Morgue, Buy silver" than you are an even bigger idiot than mosley, and he currently holds to world's title.
That was my first post on ZeroHedge. I had been reading ZeroHedge since Tyler's work on tungsten gold reserves got attention on Max Keiser's site and I started posting on ZeroHedge to promote the Buy Silver movement.
It is not hard to find a post of mine with Buy Silver on it, and in fact, in the beginning of being here, it is probably hard to find one without it.
"shorts long long.."
Is it...?
A) A Chinese tailor shop
B) A hedge fund
C) Name for a panda bear
Sometimes details get in the way of a good argument...
12/31/2009 - 9/14/2011
JPM - 22.76%
S&P 500 + 4.62%
Dow + 6.01%
SLV + 129.87%
PSLV + 88.75%
Hey what happened to your Redneck Repugnicant screen name?
Silver:JPM 1.2445
1 year ago 0.4858
I think you may just be "chinese-eyed", ~~, Lebowski.
This is a sign that the kleptocracy is taking their last bite before boarding the lifeboats while pushing the women and children overboard.
First a $550M fraud, and now another $1.2B hail-mary. Looks like a double-down bet to me.
yes, it seems our president has a gambling addiction. He needs help.
In confidence game parlance, this Mojave Solar loan deal is called "the reload." The hapless American taxpayers are the marks, of course.
Good call, Bugs.
WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
http://online.wsj.com/article/SB125383160812639013.html
and how much tax payers money went to bail out GM?
And all of sudden you see mpg increasing and chevy coming out with Volt? Car makers were in bed with the oil industry who is in bed with military industry to keep the game going without trying too hard. Well gas prices are high and Iran is going to get a nuke, so better change course now.
China invests in R&D and have engineers as nations leaders.
US invests in bailing out old tech that should die off and have lawyers as leaders.
Priorities people. Other countries are not sitting around in communism anymore.
Sales of the much-hyped Chevy Volt fell to new lows as did GM share price as July auto sales figures came in. Only 125 Volts were sold during the month of July.
http://nation.foxnews.com/chevy-volt/2011/08/02/chevy-volt-sales-fail
And that is at the subsidized price, from the bailed-out GM.&
And China does not do R&D. They steal other people's R&D.
This administration is actively moving any non-union production jobs overseas.
I chuckled when I read "125 Volts" and immediately thought in the US we run 120V.
Maybe if they sell them in Europe they will sell 240 Volts?
pods
But, but, but it won 2011 Motor Trend Car of the Year, 2011 Green Car of the Year, 2011 North American Car of the Year, and 2011 World Green Car!!!
One would think it would be flying out of the showrooms!
/SARC
Has just gotten - Sept of 2009. Opps! Don't feel bad, Limbaugh had it wrong too.
I quoted the ariticle.
Still happened on Obama and Steven Chu's watch.
Focus on the important stuff.
Like dates, sure will.
Dates can tell you important things, I guess, like how long this Green Graft has been going on.
couldn't agree more......the crooks just don't care to hide anything anymore. in your face and proud of it. we have gone from the arkansas mob, to the texas mob and now have moved on to the chicago mob. anyone following the crisis in calif democratic campaign funds gone amissing? thieves stealing from thieves now. this shit just gives me heart arch.
It's like the crew taking the life boats and not telling the passengers they are abounding ship. They chop holes in the boats they can't take so the passengers all go down with the ship.
Long_John
you're not related to Jon Silver Executive Director of the U.S. Department of Energy's Loan Program who is giving testimony are you?
That guy is one slick dude, I was impressed that a mere civil servant could be so hard to pin down and then learned this guy was a hand picked political appointee who used to be a hedgie with Core Capital and Tiger Mgmt, McKinsey alum etc
http://investing.businessweek.com/research/stocks/private/person.asp?per...
Place Holder is on da job. This will be a thorough investigation.
pods
He's been upgraded to placeholder? When did that happen? I miss everything..
Yeah right...
http://www.youtube.com/watch?v=gTghUoScGO8&feature=related
or evidence destruction, whichever provides his boss with plausible deniability
Bingo...
I am becoming very cynical.
But Fast and Furious and his unconstitutional act concerning the war on Lybia via the War Powers Act on the other hand.......
Fast and Furious Gun Runner is exploding no matter how much the media is trying to keep a lid on it.
The DOJ, FBI, etc., are a joke when it comes to high crimes.
conflict of interest. it is hard to go against the Boss-man in any line of work.
Not so much lame when the DOJ, FBI DHS etc top leadership themselves are all being named in Fast and Furious gun runner charges.
New AZ murder scene with Operation Fast and Furious guns found at the scene. This just keeps going from bad to worse for all the top execs.
Oh Im sure it will all be cleared though under the new 'Bush did it too' blanket escape clause.
double peace symbols getting on plane...bitchez
feels like i'm reading headlines coming out of the soviet union...hard to believe that all of these things are happening right here in the good old u.s. of a
Nothing new...
We have simply wanted to believe the charade.
Was it not General Butler who blew the lid on the Fascist overthrow of the US Govt? Instead of being called a hero, he was marginalized.
more or less, I think that's correct. He was being recruited to play a role in a Fascist overthrow of FDR, though I myself would consider FDR to be a bit fascist. This is where labels tend to muddy the waters, in my opinion. It's always a power grab of competing ruling interests who tend to have little interest in you or me and who believe that the ends justify the means. After that it is a lot of semantics.
kridkrid....communist or fascist...not a dimes worth of difference between them.
just competing groups of thugs. Which is why I responded to the post about a fascist overthrow of America. While it is true that a group of industrialists/fascists conspired to overthrow FDR, I don't think that makes FDR the "good guy". When you read Smedley's quote you recognize the use of America's military for corporate imperialism. He voiced his opposition to that (albeit after participating in it for an entire career). FDR was engaged in the same activity... as has been every president since.
my dad was a naval aviator for 30 years, WWII and korea and cold war. his whole belief system changed after reading the general's book. after that we could have some very interesting talks about everything. i tried giving him my copy of "trading with the enemy", however he said no, that there are some things he didn't want to know. our last great talk was on the u.s. patriot act and how the republic is dead.
I've pushed my father over this ledge as well. In hindsight, I almost wish I wouldn't have. Perhaps ignorance is bliss.
Ahhh, the old Red Pill Blue Pill dilemma.
Follow the money.
They ONLY sat in on the meetings to short the stock...ya gotta know when to hold em..and know when to fold em...its politics as usual...and insider trading....oh and campaign contributions...oh and they probably will build one wing of the Presidential library
The most corrupt administration in this nations history.
buy the new gm stock and shut up about it.
I got some old gm stocks to sell, want to buy them? I'll throw in some Zimbabwe trillion dollar bills, that way you can pay down some of our debt that we racked up.
I got some old gm stocks to sell, want to buy them? I'll throw in some Zimbabwe trillion dollar bills, that way you can pay down some of our debt that we racked up.
Might I introduce you to the administation of Woodrow Wilson, who agreed to sign the Federal Reserve Act even before becoming president?
There is nothing exceptional (on a relative basis) about the corruption of the current administration. It is just as bad as any of the fascist administrations that preceeded him.