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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (768978)	2/11/2014 1:33:46 PM
From: Alex MG	Read Replies (2) \| Respond to of 1576867

the govt didn't "bail-out" Tesla... they gave them a loan are you saying average Americans shouldn't be given business loans or home mortgage loans?? you wingnuts hate EVERYTHING about the govt under Obama but you loved it with a passion under the war criminal and incompetent imbecile Bush you people are so phony it is really pitiful do you also blame your erectile dysfunction on Obama?

To: i-node who wrote (768978)	2/11/2014 1:45:11 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1576867

Why do you consider a paid back loan a bailout? We made $12M on the deal. Maybe they should have paid us back in stock. “The DOE Loan program has three parts, two of which were established in the George W. Bush administration and one of which was established in the Obama administration," Former DOE Director of Financing for Energy Efficiency and Renewable Energy and Capital E President Gregory Kats testified to Congress earlier this year. The first part was a 2005, $10.3 billion Bush program “with two nuclear commitments.” The second was a 2007, five-loan, $8.4 billion program for “advanced technology vehicles manufacturing.” The third was part of the 2009 American Reinvestment and Recovery Act. “Like other loan guarantee programs, Kits told Congress, the grants were provided “with the expectation that most funded projects would succeed commercially but that some would not.” As of early 2012, Kits said, the program “approved 28 loans worth $16.1 billion dollars, and has so far experienced two highly publicized defaults (both in the fall of 2011): Solyndra and Beacon. These loans were for $535 million and $43 million, respectively.” The total defaults, he said, “are likely to net out to $300 million to $400 million. This is roughly 2 percent of the amount guaranteed.” The later Abound Solar failure cost DOE $70 million, which would not increase Kits’ 2 percent conclusion. Or, as GTM Research VP Shayle Kann expressed it on National Public Radio’s Marketplace after the debate, “The truly misleading and irresponsible claim is that anywhere near half of the companies taking advantage of these programs have gone bankrupt. Thousands of companies have benefited from these programs, and in spite of a very small number of very public failures, the vast majority of these companies remain operating -- and in many cases, thriving -- enterprises.” By Governor Romney’s own report, Bain Capital’s success rate was 80 percent. This makes him statistically better at "picking losers" than the Department of Energy greentechmedia.com Federal Loan Guarantees for the Construction of Nuclear Power Plants cbo.gov