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Biden Megadonor Scores $500 Million Federal Loan for Solar Company
Free Beacon ^ | December 10, 2021 | Alana Goodman •

Posted on 12/11/2021 5:46:49 AM PST by george76

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1 posted on 12/11/2021 5:46:49 AM PST by george76
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To: george76

> a $500 million government loan to build a manufacturing facility in India <

So now our government is financing factories to be built overseas. Words fail me.


2 posted on 12/11/2021 5:50:26 AM PST by Leaning Right (The steal is real.)
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To: george76

Solyndra II?


3 posted on 12/11/2021 5:53:46 AM PST by pepsionice
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To: george76

If they follow the Solyndra template, next they will declare bankruptcy and give their corporate officers millions in bonuses.


4 posted on 12/11/2021 5:53:56 AM PST by Spok
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To: Leaning Right
So now our government is financing factories to be built overseas. Words fail me.

I doubt that they fail you. You just can't routinely use them in polite company.

5 posted on 12/11/2021 5:54:45 AM PST by neverevergiveup
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To: george76

Shades of Solyndra.

How much is being kicked back to the DNC and the “big guy”


6 posted on 12/11/2021 5:55:32 AM PST by billyboy15
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To: george76

$500,000,000.00 eh?

And my company can’t get $4000.00 for automated drill sharpeners now.

How much is Hunter Biden’s cut?


7 posted on 12/11/2021 5:56:04 AM PST by Robert A Cook PE (Method, motive, and opportunity: No morals, shear madness and hatred by those who cheat.)
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To: george76

Federal $$$$ for solar? I’m sure I’ve seen this movie before! /s


8 posted on 12/11/2021 5:57:36 AM PST by USAF1985 (Joe McCarthy is a hero...he was absolutely, 100% correct! (Let’s go Brandon!))
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To: Spok

If they follow the Solyndra template, next they will declare bankruptcy and give their corporate officers millions in bonuses.


But not before 10% for the big guy.


9 posted on 12/11/2021 5:58:22 AM PST by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: Leaning Right

These kind of deals is just plain wrong. The tax payers should not be paying for private companies to build anything! That is not what our government is for or our taxes. This country has gone so very wrong.


10 posted on 12/11/2021 5:58:24 AM PST by JoJo354 (JUST SAY NO to covid vaxx!)
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To: Leaning Right

Because they are building back better in India


11 posted on 12/11/2021 5:58:27 AM PST by realcleanguy (quickly things are falling apart, now that the )
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To: george76

Oh, like this success that he had a hand in already?

PROJECT SUMMARY
In September 2011, the Department of Energy issued a $737 million loan guarantee to finance Crescent Dunes, a 110-MW concentrating solar power (CSP) plant near Tonopah, Nevada. The project exited the portofolio in December 2020.

https://jpt.spe.org/becoming-obsolete-how-high-tech-solar-plant-found-its-way-bankruptcy

But I did read that is producing some power now for NV Energy. Wonder how much it cost to retrofit and correct.


12 posted on 12/11/2021 6:01:20 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: pepsionice

Oh there are lots and lots of Solyndras. You only know about a couple.


13 posted on 12/11/2021 6:02:17 AM PST by AndyJackson
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To: JoJo354

As I understand it, the owners of Wal-Mart were huge financial supporters of the senile imposter in the White House, both by direct and indirect contributions. The best way to respond? Stop buying at Wal-Mart, period.


14 posted on 12/11/2021 6:02:46 AM PST by laconic
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To: george76
The donor was supposed to use the loan to fund a Haiti housing relief project, but instead pocketed the money. He was sentenced to 12 years in prison for the scam.

The jail part was a misfire. That was not part of the looting of Amerika plan.

15 posted on 12/11/2021 6:03:40 AM PST by AndyJackson
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To: billyboy15

“How much is being kicked back to the DNC and the “big guy””

We don’t know. The article indicates they got $300,000 on the front end.

Probably just a down payment.


16 posted on 12/11/2021 6:04:26 AM PST by jeffersondem
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To: Leaning Right

With money we don’t have, no less. This will be another Solindra—or whatever that solar boondoggle/scam was that Obama pushed.


17 posted on 12/11/2021 6:04:27 AM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: george76

Corruption in the Byedone gang? Gee, what a surprise.


18 posted on 12/11/2021 6:07:54 AM PST by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.p)
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To: george76
Right out of the super corrupt Obama/Solyndra playbook.
19 posted on 12/11/2021 6:09:03 AM PST by SmokingJoe
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To: george76

In India...


20 posted on 12/11/2021 6:09:41 AM PST by Sacajaweau ( )
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