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Another 2.1 billion Tax Dollars Vanish

on Tuesday, 3 April 2012 16:34

In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama’s top administration officials declared bankruptcy today.

Solar Trust for America received $2.1 billion in conditional loan guarantees  from the Department of Energy — “the largest amount ever offered to a solar project,”according to Energy Secretary Steven Chu — for a project near Blythe, Calif., butdeclared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.

Senior officials in Obama’s administration had very high hopes for the Blythe project. Interior Secretary Ken Salazar attended the groundbreaking ceremony, which he described as “a historic moment in America’s new energy frontier” and “another important step in making America’s clean energy future a reality.” Chu trumpeted at the time that Solar Trust would prove that “when we rev up the great American innovation machine, we can out-compete any other nation.” 

….more HERE & HERE

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The largest rifle ever made, with a kick thats 10 times the punch of a deer rifle. The bullet is the width of a good sized carrot. The 2400 gr bullet has a  277fp kick/recoil. The average 30-06 has around 28-30fp of kick/recoil. 

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This is a video of some jihadist’s planting a roadside bomb. The boss comes by to make sure the dirt is firmly packed and wee technical problem is solved so their intended targets get blasted into Kingdom come….and….

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C’mon. Can really be this dumb? Sure seems to have, er, a little trouble with math. It’s gone viral, 4 million have watched to assertain if she really is. Now you be the judge. 

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“Letting future generations bear the burden of population aging is appropriate“

Jan. 10, 2008 – “The Federal Reserve is not currently forecasting a recession.”

“the economy “won’t” be too far from its full employment path, though.”

March 28, 2007 – “The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost.”

Oct. 20, 2005 – “House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.”

March 28, 2007 “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

May 17, 2007 – “All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.  The vast majority of mortgages, including even subprime mortgages, continue to perform well.  Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable.”

Oct. 31, 2007 (since when! – Ed)
“It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions”

….read more HERE

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