Tag Archives: Solyndra

Autopsy of a Stimulus Slander (“Rest of Story?”, Really?”)

Marco Rubio in the Republican Response to President Obama’s 2013 State of the Union address resurrected the Solyndra attack from last year’s Presidential election. Anticipating the resurrection of an attempt to attack the stimulus aka the American Recovery and Reinvestment Act of 2009 (ARRA), I examine the guts of a letter-to-the-editor from December 2011, which are sure to be part of a RepubliZombie smorgasbord to come.

“Rest of Story” letter from 2011 (Critiqued)


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‘Rest of story’ on stimulus jobs | The Clarion-Ledger | clarionledger.com

Solyndra, a diversion by any other name would not be as sweet.

There it was again. A Republican, this time Marco Rubio in the Republican response to the President’s 2013 State of the Union Address, was using Solyndra as a reason to pull back from clean energy investment, sweet music to the Heritage-government-is-the-problem crowd.

“Instead of wasting more taxpayer money on so-called “clean energy” companies like Solyndra, let’s open up more federal lands for safe and responsible exploration,” comes the Rubio sugary-soaked gruel.
What makes this appeal so dangerous is that it echoes the ignorance of a base which believes, after years of saccharine-sounding sedation, that free markets actually exist, a base which thinks that the reason that Solyndra failed was that it was a terrible company and that governments shouldn’t and don’t favor and aid industries in their bid to be successful. What Rubio won’t say to his base because his well-heeled donors won’t allow it is ““the Chinese government poured $33 billion into its solar industry in 2010, allowing Chinese companies to produce solar panels at a fraction of the cost that American companies like Solyndra were paying.” That’s what the oil and gas industry doesn’t want the Fox viewers to know.

“As part of the conspiracy to monopolize the solar market and as part of the Export Plan, the China Development Bank, the Bank of China, and the Export-Import Bank of China loaned defendants over $17 billion at below-market rates,” according to the suit. “Through a scheme known as “extend and pretend” the co-conspirator banks roll over loans from year to year, rather than requiring payment when the loans are due. Suntech, which has nearly $1.6 billion in loans due this year, has banked on the ‘extend and pretend’ scheme, intending to roll over most of its loans until (at least) 2013.”

But the Republican base cheers every mention of Solyndra seeing it as an attack on the Obama Administration, never realizing that China is engaged in a real honest-to-goodness trade war with their country (America) and this honey-coated dung pile leaves the American taxpayer less able to afford the medical and educational infrastructure it needs to thrive and aides and abets the demise of the American middle class which allows comfortable-cat-bird-seat conservatives to cast many more American’s, who don’t have the ability to stash cash and profits offshore, as 47% er’s while concentrating wealth in the hands of those most connected with fossil fuels by diminishing alternative energy’s appeal and viability. The Chinese sympathizers (those who selectively see and complain about and attack the American government’s involvement in markets conveniently ignoring the same by the Chinese) those sympathizers who benefit most as they amass wealth, some while capping wells for which they held leases that didn’t bring sufficient “profit,” must think everytime the product of Heritage-Cato-Koch-brothers propaganda, some misguided, middle-class conservative or poor conservative even in places like Mississippi, utters the name Solyndra, they must think “how sweet it is” to have so many “conservatives” naively preserving our putrid, perfumed poop pyramid, smothered in un-needed subsidies stacked on booby-traps of Deep-Water-Horizon-Exxon-Valdez-Colonial-Pipeline(Greensboro North Carolina)-sized externalities. And they’ve convinced the public that green energy technology is too expensive all the while gushing concern about debt left to our children. Yeah, that’s the ticket!!!