Tuesday, August 7, 2012

Taxpayers to Recover a Mere $24 Million From Solyndra; Networks Ignore

The three networks have, thus far, ignored the revelation that American taxpayers will only recover a mere $24 million of the $527 million lost on Solyndra, a new report by the Dow Jones newswire revealed last week.
The evening newscasts and morning shows have skipped the announcement.

The Washington Examiner explained on Thursday, "In a little-noticed move, Solyndra LLC officially released it bankruptcy plan this week. The official word from it is that taxpayers will recover only $24 million of the about $527 million."
The only utterance of Solyndra last week came when Republican National Committee Chairman Reince Priebus brought it up on Sunday's This Week.
Talking to an unhappy-looking George Stephanopoulos, the RNC chairman zinged, "The entire philosophy of...Barack Obama can be summarized in one word and that's Solyndra. That's Barack Obama's philosophy."

Read more: http://www.mrc.org/biasalerts/taxpayers-recover-mere-24-million-solyndra-networks-ignore

1 comment:

Anna Thomson said...

Problem is the left was so desperate to give out these non-recourse loans for expanding their vision, green, that management companies who gave out the "funds" did not vet the companies receiving them. The asset companies were eager to get in on the free money for green, with the only expenses or risk coming out of the funds themselves.. The campaign funds to them we're an expense and they came away with commissions risk free.
Anna from North'n Loans