Obama: Solyndra Got Loan 'On the Merits' (Obama proves a rock is smarter than him)

abc ^ | 10/6/2011 | MATTHEW MOSK

[mardi59]

Merits? What merits. They went bankrupt you stupid fool!! This moron is going to give me a stroke.

[donhunt]

This time it’s the Department of Energy’s fault.

[Travis McGee]

Imagine being on the other side of a business deal from this schmuck.

Then imagine being on the other side of an international treaty.

We are so doomed.

[Truth29]

Cpngressman Joe Wilson's quote “You Lie” seems appropriate here.

[Perdogg]

Elections have consquences. If he’s given 4 more years he will probably put 3 to 4 more people on the SCOTUS.

[GOPRaleigh]

I am amazed he has not negotiated away any states yet. He still has time...

[Attention Surplus Disorder]

Rock? What rock? Did it have “Solarhead” painted on it?

[liberalh8ter]

So Solyndra was black?

[tobyhill]

“There were going to be some companies that did not work out. Solyndra was one of them.”

Exactly! What Merits? If they had merits then there should be no anticipation of failing like Obama just said he anticipates.

[Brookhaven]

Well if the govt is now a bank that is handing out business loans based on merit, then WHAT THE HELL ARE THEY DOING IN THE BANKING BUSINESS TO BEGIN WITH!!!!!!!!!!!!!!

Sorry about the all caps, but am I the only one that sees the irony in Obama’s statement?

If the business could get the loan on it’s merits, it wouldn’t need to get a loan from the government, it could aquire one in the private sector.

The ONLY reason a business needs to secure a loan (or loan gurantee) from the government, is because the business can’t secure the loan in the private sector on its merits.

Obama lied.

By definition, Obama lied.

[Attention Surplus Disorder]

Obama is telling the truth, at least as he sees it. What’s good for the American people is his re-election so that he can manifest his vision in all its dimensions. Anything required to produce that result is justified.

[tobyhill]

Not that rock. Obama may have been just slightly smarter than that one.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[farmguy]

What he is saying is that they had a good profits to earnings ratio! /s

[Travis McGee]

"After all, the Southwest didn't really belong to us."

[schaef21]

It wasn’t just that Solyndra didn’t make it.... they blew through half a billion $$$$ in about a year. That’s an astounding number.

[FatherofFive]

[Timocrat]

...loaned billions to start-up high tech firms like the now-bankrupt solar firm Solyndra based not on political influence, but "on the merits."

When a company has a failed IPO and the Auditors issue a "going concern" opinion "the merits" exist only in the mind of an idiot.

[HiTech RedNeck]

Looks like the only merit the bureaucrats that vote to back things like Solyndra want, is that the proposed venture has made some claim to be green. Even if the business model is ill conceived and any fool knows that China is set up to eat their lunch.