Friday, February 17, 2012

Woops. Upton Pushed for a Personal loan for a Now Bankrupt Solar Business (Hypocrite, Significantly?)

 


Fred Upton (R-MI), House Vitality and Commerce Chairman, was one particular of the primary Republicans who ‘led’ us down the ‘this is pointless, a waste materials of time, and a waste of means’ Solyndra and clean up power personal loan program witch hunt (which carries on right now). Sure, following doubling and tripling down on their investigations of Obama’s connection to Solyndra, they have found nothing. (But they probably confused several voters into contemplating in any other case along the way.)


Now, it’s really turned out that Upton also pushed for loans for solar company (a Michigan solar organization, of program) that submitted for personal bankruptcy on Tuesday. (I ponder if Upton, Issa, and other individuals had been so convinced of cronyism because of their own historical past “playing favorites” in politics.)


“Despite his hypocrisy, Upton plans to keep on probing Solyndra, extending a battle that has not turned up any wrongdoing,” Think Progress reports. “Rep. Darrell Issa (R-CA), yet another lawmaker who proceeds to attack Obama for a ‘reckless disregard for the laws,’ very easily forgets he too asked for a mortgage, on behalf of the electric car organization Aptera Motors.” (Hence the be aware previously mentioned.)


Not in a joking way at all, at times I question if these Republicans are so obsessed with govt conspiracy because of how they function in federal government.


And the actual crime right here is not pushing for a local company that you consider has a vibrant long term (a thing Upton did, not Obama), but it’s generating one company’s failure (in the midst of a extremely swiftly changing and reworking solar business) into a big conspiracy that it is not. The concern is turning one particular failure (representing a modest percentage of the loan system’s investments in clean power) into a cause to ditch a nascent get incredibly promising sector. The problem is not seeking at the fact that, general, the govt has been a excellent investor, has managed its pitfalls well, and should keep on on the thoroughly clean power path it has just gotten rolling on.


The position of this piece is not that Upton shouldn’t have pushed for a house-condition solar firm he believed in, but that he shuoldn’t be such a hypocrite and really should drop this unlimited witch hunt that is actually about scoring political factors and practically nothing else!


Fred Upton picture by way of republicanconference (CC BY-NC two. license)


Associated posts:


  1. Residence Republicans Complain about Bank loan Assures.. with $ 11.8 Billion in Mortgage Guarantees in Their Districts

  2. Boehner: Vitality Subsidies “Wrong” (& Can I Make sure you Have a $ two-Billion Mortgage Guarantee for a Nuclear Power Plant?)

  3. Showcase Photo voltaic Business Solyndra Files for Bankruptcy







CleanTechnica

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