Watch History Being Made As Solyndra Execs Plead The Fifth, Confirm Failure Of Government Stimulus Program

Tyler Durden's picture


Is this the beginning of the end of Obama, with impeachments and much more to follow? Today's pleading of the 5th amendment by Solyndra execs may be the starting point. Watch the live hearing below.

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Comay Mierda's picture

on a comical side note - fox news debate poll that showed Ron Paul winning just disappeared down the memory hole

before:
http://www.prisonplanet.com/fox-news-poll-ron-paul-wins-orlando-debate.html

after:
http://www.foxnews.com/opinion/2011/09/22/who-won-debate/

fucking MSM presstitute sons of cocksucking crack cocain whore bitches

the not so mighty maximiza's picture

They really didn't change the way people are thinking.  Futile attempts now.

MillionDollarBonus_'s picture

Die-hard libertarians are going to have some explaining to do when their children are paying the price for their opposition to fiscal and monetary stimulus. It is quite astounding that despite the consensus among economic experts, libertarians still believe that their understanding of economics is superior. Among other questions, extremist libertarians should be prepared to answer the following questions that will innevitably be asked their children and grandchildren:
1. Why did you staunchly oppose the stimulus programs that according to almost all Ivy League economics professors were essential for America's economic recovery?
2. Why did you not do your part by spending and boosting aggregate demand?
3. Why did you cause a credit collapse by saving and paying down debt, when the economic advisors had specifically warned you against this in advance?
4. Why did you support racist fanatics like Ron Paul even though they had been completely exposed and discredited by the media?
5. Why did you refuse to support ANY of Obama's jobs bills?
I know what I will tell my kids. What will you tell your's?

NeoCapitalist's picture

Haha very good.... got a good laugh

Fish Gone Bad's picture

Barack "For Sale" Obama.  That might just leave a mark.

MillionDollarBonus_'s picture

And as it happens, don't think that spotty libertarian college students are excused either. You will be held accountable for sitting on the sidelines while the rest of the younger generation were getting involved in the Obama revolution.

Mudduckk's picture

I'd tell my kids and grandkids to quit their bitchen, strap on the knee pads and go lay some tile.  Or plumbing. Or fix a car, but for chrissakes learn a skill and do something of value.  That something should please you and the client you help.  We can't all be speculators.  And I damn sure wont tolerate Trolls in my house.

http://midwest-mosaic.blogspot.com.

Like Buffet said, if we were but 100 persons dropped on an island with a sack of rice seed no infrastructure but arabale land and a favorable climate, the two fellows who decided they should trade rice futures would be the least valued in our society.  In fact they would look mighty tasty while we wait for the harvest.

I'll add trolls would look mighty tasty too.

Freddie's picture

Good luck with that because Pedro will lay tile, paint, cut grass or whatever at 1/3rd what you kids will get paid.

Mudduckk's picture

You sir are an ass.  What a fine excuse for laziness.  Fear of Pedro.

DeadFinks's picture

Million dollar tongue in bonus cheek.

tekhneek's picture

We have 10 USD and 5 apples.

$2/apple

+10 USD

We have 20 USD and 5 apples.

$4/apple

+10 USD

We have 30 USD and 5 apples

...$6/apple

Just because you add more currency doesn't mean you add more money. I don't know why keynesian's don't understand this most rudimentary fact of economics.

DRT RD's picture

You worked the last one backwards, how cute.  I'll bet you fucked up some Keynesian Economist on that the reversal.  HAHAHAHa

DRT RD's picture

You worked the last one backwards, how cute.  I'll bet you fucked up some Keynesian Economist on that the reversal.  HAHAHAHa

Mauibrad's picture

Video: Solyndra Execs Plead FFW to the 5th    

EINSILVERGUY's picture

Fischer equation

MV = PQ

Balanced equation.  An increase in M (money or in todays terms Currency)  would require a correpsoning increase in either Price or Quantity.

Demand is not sufficient to warrant the neccesaary increase in capital Hardware or personnel so the price is the corresponding variable impacted

 

 

 

 

EINSILVERGUY's picture

Fischer equation

MV = PQ

Balanced equation.  An increase in M (money or in todays terms Currency)  would require a correpsoning increase in either Price or Quantity.

Demand is not sufficient to warrant the neccesaary increase in capital Hardware or personnel so the price is the corresponding variable impacted

 

 

 

 

dexter_morgan's picture

fucking idiot moron troll........what do these people get paid anyways? Must be damn good to say bltantly stupid shit like this all day.

LowProfile's picture

Dude, he's kidding.  Look at his nickname.

Nothing To See Here's picture

What I'm gonna do is printscreen your posts and show em to my children : see, that's how idiotic people were back then and that's why you have this burden on your shoulders.

Behold the future, thanks to retarded sheeps like you : http://www.youtube.com/watch?v=-iPXY-m2iZ0

scatterbrains's picture

I was thinking more road rage type event... dude stripping off belt after belt from his pickup truck mounted 50cal in this idiots head.

LowProfile's picture

Dude, he's kidding.  Look at his nickname.

TheTmfreak's picture

I wanted to watch this, however, the democrats make it absolutely unable to be watched. These political clowns are just beyond irritating.

Here is the logic by the moronic democrat from mass.

Republicans block a bill that gives money for "green jobs." Therefore republicans are trying to "kill" the green industry.

Hum... So he is basically stating that the green industry is PURELY and TOTALLY dependent upon government money and that it is unable to compete in the world WITHOUT government money? If thats the case, (which in some ways thats true, others not, in the case of solyndra, obviously it is) then obviously the green industry is a BAD INVESTMENT. He is either a fucking moron, or just a complete political hack. I'll assume both.

 

CH1's picture

So he is basically stating that the green industry is PURELY and TOTALLY dependent upon government money and that it is unable to compete in the world WITHOUT government money?

Precisely. You are probably too young to remember, but Jimmy Carter did the very same thing in the 70s, and as soon as guv money stopped, the entire industry fell in a heap. No way would I put money into such a thing.

TheTmfreak's picture

I read an article earlier about Solyndra, and the only thing that came out to me was them stating that they closed due to an "OVERSUPPLY OF THE GLOBAL SOLAR PANEL MARKET."

Which, if anybody watched the Daily Show episode on this (which wasn't half bad, he's been making some good ones lately even if I don't care for him...) it showed a republican congressman from California, grilling a (i think) DOE guy about the over supply and competition with the (i think) thin film market. He then stated how China completely moved away from that market as a result, yet thats what Solyndra went straight into.

The disengeniousness of some of these people blows my mind. This is literally on the order of digging ditches and filling them back up to dig them again. If there is an oversupply that means there is very little demand for them. What this congressman clearly doesn't understand (or understands but is a political hack) is that there has to be a BUYER ON THE OTHER END of these products.

MillionDollarBonus_'s picture

Your argument is based on the premise that resources should be allocated based on the subjective preferences of free market participants. But it is now perfectly clear that their preferences are simply WRONG. Only experts in economics are qualified to allocate resources efficiently. This is the most objective means of resource allocation possible and will provide people with what they SHOULD have according to qualified professionals, rather than want they WANT.

TheTmfreak's picture

You know your right. There should be more economics advisors. Everybody should have their own advisor so that they know EXACTLY what they should be buying as mandated by their government masters!

MillionDollarBonus_'s picture

That is not necessary. This could be achieved by letting professional economists set prices of all consumer and capital goods. This will ensure that the optimal amount of each good is consumed. If there is too much comsumption of a particular good then its price will be raised. If there is too little consumption of a good, its price will be lowered.

rcintc's picture

The free market does that all by itself through supply and demand.

Chew on this....

You create a product, it costs $10 to produce. You need to charge $15 and sell x amount so you can live your life and pay your bills etc... But in your world, there are price controls and the overlords in charge say you can only charge $9 for your product even though there is enough demand at $15.

Now what happens, you tell me....

MillionDollarBonus_'s picture

As I said before, the 'demand' is a subjective preference of fallible individuals. The most objective way to allocate resources is according to the intricate mathematical models of financial experts.

LowProfile's picture

Comedy gold! Dude, you're a riot.  Please dress up in a suit and give us some YouTube videos.

LowProfile's picture

Comedy gold! Dude, you're a riot.  Please dress up in a suit and give us some YouTube videos.

Jena's picture

Have you EVER run a business of your own?  Risked your own money?  Hired employees, with all the responsibility that brings?  Produced a product?  Dealt with clients?  You learn far more by doing it than by analyzing what others have done.

Lndmvr's picture

So, if i blast off an amount of 762x39. Will the price go up or down, or will it depand upon what I'm blasting at?

Hobbleknee's picture

You live under the delusion that these choices haven't already been made for us.  Government control is omnipresent and pervasive.

bugfixx's picture

You obviously don't respect that pesky thing called FREEDOM.  If one thing is absolutely clear since 2007, it's that your "qualified professionals" are a bunch of arrogant, incompetent, corrupt tyrants, who couldn't hold a job in the real economy based on any useful skills.

Freddie's picture

You are f****ing hack for watching TV and support the elites TV propaganda machine.  Keep watching TV serf.

snowball777's picture

You mean like oil subsidies?

TheTmfreak's picture

Thats a litttttle different.

You look at how much money is obtained from oil subsidies and its paltry to big oil. They're not really "subsidies" either. Nearly all money earned by oil companies is from business conducted outside the United States. Infact US local, state and federal governments make money from US oil sales than oil companies.

The difference is if you removed the millions of dollars of "subsidies" they would still exist, hell I doubt there would even be a price increase.

Also, let me be clear that I do not support redistribution of wealth nor proping up any company, industry or individual for any reason. You clearly missed the point of the entire discussion regarding the fact that these companies are implicitly held up BY government funds and the "industry" wouldn't exist (in its current form) without government interventionism.

G-R-U-N-T's picture

This hearing will resume after the election....

RemiG2010's picture

You are being so antisemitic MDB! I think, I am going to call ADL!

Fred C Dobbs's picture

They will not be asking that in the future.  It will be obvious to them that Obama was a liar and a phony.  

Abitdodgie's picture

Name one time when ANY truth came out of Obama  mouth .................take your time , no rush .................................... well there you have it , I rest my case.

dexter_morgan's picture

when he said he did cocaine as a youth?

clones2's picture

What you have been doing has been working so well.......