Nancy Pelosi's brother-in-law is given $737 million dollars of taxpayers' money
Submitted by Neverquit on Thu, 09/29/2011 - 18:38Nancy Pelosi is facing accusations of cronyism after a solar energy project, which her brother-in-law has a stake in, landed a $737 million loan guarantee from the Department of Energy, despite the growing Solyndra scandal.
The massive loan agreement is raising new concerns about the use of taxpayers' money as vast sums are invested in technology similar to that of the doomed energy project.
The investment has intensified the debate over the effectiveness of solar energy as a major power source.
The SolarReserve project is backed by an energy investment fund where the Minority Leader's brother-in-law Ronald Pelosi is second in command.
PCG Clean Energy & Technology Fund (East) LLC is listed as one of the investors in the project that has been given the staggering loan, which even dwarfs that given to failed company Solyndra.
More : http://www.hermancainforums.com/index.php/topic,854.0.html
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unreal....
unreal....
Solyndra's failure looks like
Solyndra's failure looks like a big win for Oil Companies and the Koch Brothers. A chance to beat a competing industry to death because of one company's failure.
But don't be fooled by the Kochs' tireless propaganda. The truth is that solar has come down so rapidly in price that it's now cheaper than new nuclear, coal or natural gas in California. And everyone knows that what happens in California soon spreads easterly across the country. Remember the housing bubble? Like that, but inverted. As solar prices shoot down quickly, driven by increasing demand, solar will compete nicely nationwide.
When cell phones first came out costing $4,000 you'd have been laughed at for predicting in a few years cell phones with a contract would be free, or DVD players would go from $500 to $50. But each time solar or any electronics manufacturing volume doubles, the price comes down around 20%.
Is this too much of a good news story? 100,000 people now work in the U.S. solar industry. Solar has been called "the next Saudi Arabia" but the relatively small subsidies we provide it as a nation are made a big issue, more than the far greater subsidies to dirty old fuels. The solar subsidies have fueled huge price decreases while our oil and coal subsidies support ever-increasing prices. But the controversy is about solar? Puhleeese!!!
http://www.huffingtonpost.com/david-fenton/solyndra-solar-en...
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"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi
Costs are not coming down
if you're subsidizing it. The money might be free (printed at a whim by the Fed) but if the government is paying for something and the costs appear to be coming down, the cost is just lower for the "consumer" who is also a taxpayer, who is already paying for it with his tax dollars. So it just appears cheaper, but we're still paying for it. As the tech advances, prices will come down, but there is a clear distinction between the two.
At the top 3 of my s hit
At the top 3 of my s hit list, is Pelosi. Then comes Hillary. I hate that witch. I wish she was in JAIL.
Every venture capitalist
Every venture capitalist makes bets that fail. Meanwhile, the small government subsidies to solar have enabled booming demand and rapid price reductions. I feel like Lewis Carroll -- the world is truly upside down. Success is failure.
And dare I mention that this technology, when widely adopted, might save New York from building sea walls from climate change or save Rick Perry's state from becoming toast? And that solar creates seven times more jobs than fossil fuel investments? And that its cost can never go up, as the fuel is - free?
Isn't it ridiculous that we let the dirty fuel propagandists have the upper hand, and that someone has to intervene to keep the discussion honest? Or maybe we should just give the Saudi Arabia of the future to China.
~ David Fenton
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"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi
How about Harry Reed?
How about Harry Reed? Where is he on your list?