{"id":17869,"date":"2011-09-30T19:22:54","date_gmt":"2011-09-30T19:22:54","guid":{"rendered":""},"modified":"2011-09-30T19:22:54","modified_gmt":"2011-09-30T19:22:54","slug":"solyndra_scandal_keeps_percolating","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/09\/30\/solyndra_scandal_keeps_percolating\/","title":{"rendered":"Solyndra Scandal Keeps Percolating"},"content":{"rendered":"<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH: Ron, San Diego, California, great to have you on the EIB Network.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  I first started listening to you when you had your television show.  It was a long time ago, but great.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  Seems like it was just yesterday to me.  It was in 1994, you\u2019re right.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  I miss seeing you on TV, so I\u2019m glad you have the Dittocam.  I appreciate that. <\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  You bet.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\"><a href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?p=17890\"><img xhtml:id=\"eZObject_54765\" class=\"alignright\" align=\"right\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Solyndra585.jpg\"\/><\/a>CALLER:  The reason for my call is I\u2019ve listened to the spin that\u2019s coming out of the administration on Solyndra, and I thought I would give you a different take on this from someone who is in this industry.  I\u2019ve been a tech entrepreneur for a long time, been in the semiconductor industry for over 30 years, and I\u2019ve made investments and been on the board with several start-up solar companies.  And the spin that I hear, which is you know they\u2019re blaming China for its failure is just so far from the truth.  And there\u2019s actually a hidden story in this.  And it goes to the administration\u2019s sort of war on coal and some of the other sources of power, generate power we have in the US.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  Exactly.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  And basically the industry has known for over 10 years to make solar panels viable, they need to have the panels cost $1 per watt for the consumer.  That\u2019s the way that it\u2019s competitive and actually gives you a return on investment over a 20-year expected life.  And they\u2019re nowhere near that.  And China\u2019s nowhere near that.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  Of course.  There\u2019s no business there. <\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  Exactly.  So the failure of Solyndra was, one, it\u2019s a bad business model to begin with, and its incompetent management, which may be criminal.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  Let me tell you something, the more I learn about it and look at it, I\u2019m beginning to wonder if solar energy was ever the real purpose of this whole thing.  Because the more I look at this, this is just a giant slush fund.  All of these solar energy loans, companies getting federal loans, they\u2019re all made up of Obama bundlers and donors, they\u2019re all being paid back for what they donated. They\u2019re getting their campaign contributions back under the guise of trying to create some clean energy. They\u2019re going bankrupt, going through federal money, and now they\u2019re clamming up, not saying anything.  Obama in the midst of this keeps handing out more money to his bundlers and donors and the money will come back to him, at least a little of it is in the form of donations and so forth.  I smell a giant rat with all of this.  I think the last thing anybody was actually trying to do here was create solar panels.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  You\u2019re exactly right.  And the other part of this is what they\u2019re trying to do to restrict coal and natural gas, because in the US our costs per kilowatt hour right now is about ten cents on an average.  If you look at Europe, it\u2019s 30 cents.  And look at what happened to Europe when the government took away its subsidy.  Even at 30 cents a kilowatt hour, you would think that would make panels more competitive.  But when they took the subsidies away the whole thing crashed.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  Precisely.  What does that tell you?  It means there\u2019s no business there.  It means there\u2019s no market for it. <\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  So if you take away our cheap source of power in the United States here, coal and natural gas, and even nuclear, you force the price up, which is what they\u2019re trying to do.  Because if you can\u2019t make the panels any cheaper &#8212;<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\"><img xhtml:id=\"eZObject_54766\" class=\"alignright\" align=\"right\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Solyndra-02.jpg\"\/>RUSH:  No.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">CALLER:  &#8212; you raise the price of the alternative to the point where people have to expense it.<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH:  Where is the government grant for fracking?  Fracking is horizontal drilling.  It\u2019s a way of extracting oil.  It\u2019s causing a boom in the Dakotas.  It\u2019s causing a boom in a number of places, and it\u2019s American.  It can provide us enough energy for a century and the regime is fighting it every way and every day that they can.  They don\u2019t want any part of this, because it\u2019s oil.  And there\u2019s no subsidies.  This is not about energy.  We\u2019ve got a genuine case of crony capitalism corruption here that would rival anything that\u2019s happened in any previous administration.  This is redundant, too.  It\u2019s happening more and more.  More and more solar companies, more and more people, more and more bundlers, donors, contributors to Obama.  It just keeps adding up here.  As you point, there\u2019s no business. <\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">They were manufacturing their solar panels at Solyndra for six bucks and selling them for three, and hoping to make it up on volume while at the same time telling us they couldn\u2019t compete with the Chicoms, because the Chicoms are underselling them.  How in the world are they ever gonna get any volume sales?  Now they won\u2019t say a word about it.  This whole thing just stinks to high heaven.  Add to that the fact that we\u2019ve got this idealistic theoretical utopian grand plan of clean energy.  The recent grants totaling over a billion dollars, one outfit\u2019s getting $737 billion, solar energy plant.  They\u2019re going to create 55 permanent jobs. <\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">It\u2019s going to cost in the neighborhood of between 16 and $22 million per permanent job if the business works.  And this is said to be advanced thinking, forward thinking.  It\u2019s the new way.  It\u2019s clearly not about energy.  It\u2019s not about green energy.  This is just the PR selling point to convince people to support it and not oppose it, go along with it.  It\u2019s not sustainable.  It doesn\u2019t make any economic sense.  There\u2019s no business there.  This is the old adage, follow the money.  Nine times out of ten, 99 times out of 100 you\u2019ll always find the answer to whatever perplexes you, if you\u2019re able to follow the money.  Thanks for the call out there. <\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">BREAK TRANSCRIPT<\/p>\n<paragraph xmlns:tmp=\"http:\/\/ez.no\/namespaces\/ezpublish3\/temporary\/\">RUSH: White House Press Secretary Jay Carney said today that Steven Chu, the Energy Secretary, has Obama\u2019s &#8220;full confidence.&#8221; Steven Chu is charged with implementing all of these subsidy programs to the solar energy outfits. This can cut two ways. In sports, when a coach or the manager gets a full vote of confidence from the owner, he\u2019s gone. In politics, it can also be the same way: Some energy secretary gets a full vote of confidence from the President, won\u2019t be long before he\u2019s seeking a job in the private sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Ron, San Diego, California, great to have you on the EIB Network. CALLER: I first started listening to you when you had your television show. It was a long time ago, but great. RUSH: Seems like it was just yesterday to me. It was in 1994, you\u2019re right. CALLER: I miss seeing you on [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solyndra Scandal Keeps Percolating - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2011\/09\/30\/solyndra_scandal_keeps_percolating\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Solyndra Scandal Keeps Percolating - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Ron, San Diego, California, great to have you on the EIB Network. CALLER: I first started listening to you when you had your television show. It was a long time ago, but great. RUSH: Seems like it was just yesterday to me. It was in 1994, you\u2019re right. 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