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	Comments on: Mitt Romney: A Monument to American Gullibility.	</title>
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		<title>
		By: average joe		</title>
		<link>https://thyblackman.com/2012/05/22/mitt-romney-a-monument-to-american-gullibility/comment-page-1/#comment-24159</link>

		<dc:creator><![CDATA[average joe]]></dc:creator>
		<pubDate>Wed, 23 May 2012 19:36:09 +0000</pubDate>
		<guid isPermaLink="false">http://thyblackman.com/?p=28884#comment-24159</guid>

					<description><![CDATA[Gullible went out the door in &#039;08...next up...the Food Stamp President.]]></description>
			<content:encoded><![CDATA[<p>Gullible went out the door in &#8217;08&#8230;next up&#8230;the Food Stamp President.</p>
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		<title>
		By: Wattree		</title>
		<link>https://thyblackman.com/2012/05/22/mitt-romney-a-monument-to-american-gullibility/comment-page-1/#comment-24158</link>

		<dc:creator><![CDATA[Wattree]]></dc:creator>
		<pubDate>Wed, 23 May 2012 19:09:59 +0000</pubDate>
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					<description><![CDATA[If the Rebulicans had to pay a fine every time they told a lie, every one of them would be on welfare.]]></description>
			<content:encoded><![CDATA[<p>If the Rebulicans had to pay a fine every time they told a lie, every one of them would be on welfare.</p>
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		<title>
		By: Wattree		</title>
		<link>https://thyblackman.com/2012/05/22/mitt-romney-a-monument-to-american-gullibility/comment-page-1/#comment-24156</link>

		<dc:creator><![CDATA[Wattree]]></dc:creator>
		<pubDate>Wed, 23 May 2012 19:07:50 +0000</pubDate>
		<guid isPermaLink="false">http://thyblackman.com/?p=28884#comment-24156</guid>

					<description><![CDATA[Average Joe,

You&#039;re just spewing a Republican talking point, which speaks volumes in itself on a predominately Black site.

Here&#039;s what &quot;Fact Check&quot; say about this issue:

Shortly after the solar energy company Solyndra filed for bankruptcy — after receiving a $535 million loan from the Department of Energy — we received several emails from readers asking us to look into the claims made in the chain email above. It gets some of the basic facts correct.
 ?It’s true that Tonopah Solar Energy, a subsidiary of SolarReserve, received a $737 million loan from the government to build a new solar facility in Nevada.
 ?It’s also true that the project is expected to create 45 permanent jobs. However, many construction jobs also would be supported. Furthermore, there’s no indication at present that the loan won’t be repaid. So it’s misleading to claim it is costing taxpayers $16 million per job.
 ?And Ron Pelosi, Nancy Pelosi’s brother-in-law, had been the executive director with PCG Asset Management, a subsidiary of PCG, until April 2009. But he was only an “independent director” on the company’s board in September 2011 when the loan guarantee for Tonopah was finalized. As an independent director, Pelosi sat on the board of directors, but did not oversee day-to-day management of the company.
 
What we can’t say one way or the other is whether the loan the company received from the Energy Department had anything to do with Ron Pelosi, as the email suggests. We spoke to company officials for SolarReserve and PCG, and they denied that Pelosi had any influence on the loan. They also stated to us that Ron Pelosi’s compensation agreement does not allow him to benefit personally from the loan, a statement we are not in a position to confirm or dispute.
 
Update, Feb. 2, 2012: In a statement to FactCheck.org, Ron Pelosi also said that “the loan the company received had nothing to do with me.” He added that he “knew nothing regarding their proposed or actual transactions,” and “did not speak with any person in connection with their plans.” He said that “those who say I did are attempting to smear Nancy Pelosi and me for their own political purposes.”
 
Pelosi also provided us with email correspondence between him and David Fann, the former president and CEO of PCG Asset Management, indicating that he was only to receive $25,000 annually as a member of the company’s board of directors.
 
The Loan 

The Department of Energy announced on Sept. 28 that it had “finalized a $737 million loan guarantee to Tonopah Solar Energy LLC to develop the Crescent Dunes Solar Energy Project” in Nevada. The 110 megawatt solar power tower will be the “first of its kind in the United States and the tallest molten salt tower in the world,” according to a press release from the department.
 
The project, which had the backing of Democratic Senate Majority Leader Harry Reid of Nevada and the state’s former Republican Gov. Jim Gibbons, is expected to generate enough renewable electricity to power up to 75,000 homes at peak hours.
 
The email claims that the project will “employ 45 permanent workers … costing us just $16 million per job.” But that math is misleading. The project is expected to create 45 permanent jobs, according to figures available on the website of the Energy Department’s Loan Programs Office. But in addition to those permanent positions, the project could create as many as 600 construction jobs over a 30-month period and “more than 4,300 direct, indirect and induced jobs” throughout the country, according to Kevin Smith, the chief executive officer of SolarReserve.
 
More important, if things go according to plan, the government might actually make money on the deal. SolarReserve anticipates paying back the government’s loan with interest, Smith said.
 

Smith, Nov. 4: It’s important to stress that this is a loan that earns the government an approximately 4% annual interest rate. This is not an ‘expenditure’ by the government, but rather a loan that has to be fully paid back with interest so it should not cost the tax payers any money at all.
 
And Smith said that the project, which is just starting the construction phase, already has a 25-year purchase agreement to sell 100 percent of the electricity generated to NV Energy, the largest utility company in Nevada. “This essentially ensures the project has the revenue stream necessary to pay back the loan,” he said.]]></description>
			<content:encoded><![CDATA[<p>Average Joe,</p>
<p>You&#8217;re just spewing a Republican talking point, which speaks volumes in itself on a predominately Black site.</p>
<p>Here&#8217;s what &#8220;Fact Check&#8221; say about this issue:</p>
<p>Shortly after the solar energy company Solyndra filed for bankruptcy — after receiving a $535 million loan from the Department of Energy — we received several emails from readers asking us to look into the claims made in the chain email above. It gets some of the basic facts correct.<br />
 ?It’s true that Tonopah Solar Energy, a subsidiary of SolarReserve, received a $737 million loan from the government to build a new solar facility in Nevada.<br />
 ?It’s also true that the project is expected to create 45 permanent jobs. However, many construction jobs also would be supported. Furthermore, there’s no indication at present that the loan won’t be repaid. So it’s misleading to claim it is costing taxpayers $16 million per job.<br />
 ?And Ron Pelosi, Nancy Pelosi’s brother-in-law, had been the executive director with PCG Asset Management, a subsidiary of PCG, until April 2009. But he was only an “independent director” on the company’s board in September 2011 when the loan guarantee for Tonopah was finalized. As an independent director, Pelosi sat on the board of directors, but did not oversee day-to-day management of the company.</p>
<p>What we can’t say one way or the other is whether the loan the company received from the Energy Department had anything to do with Ron Pelosi, as the email suggests. We spoke to company officials for SolarReserve and PCG, and they denied that Pelosi had any influence on the loan. They also stated to us that Ron Pelosi’s compensation agreement does not allow him to benefit personally from the loan, a statement we are not in a position to confirm or dispute.</p>
<p>Update, Feb. 2, 2012: In a statement to FactCheck.org, Ron Pelosi also said that “the loan the company received had nothing to do with me.” He added that he “knew nothing regarding their proposed or actual transactions,” and “did not speak with any person in connection with their plans.” He said that “those who say I did are attempting to smear Nancy Pelosi and me for their own political purposes.”</p>
<p>Pelosi also provided us with email correspondence between him and David Fann, the former president and CEO of PCG Asset Management, indicating that he was only to receive $25,000 annually as a member of the company’s board of directors.</p>
<p>The Loan </p>
<p>The Department of Energy announced on Sept. 28 that it had “finalized a $737 million loan guarantee to Tonopah Solar Energy LLC to develop the Crescent Dunes Solar Energy Project” in Nevada. The 110 megawatt solar power tower will be the “first of its kind in the United States and the tallest molten salt tower in the world,” according to a press release from the department.</p>
<p>The project, which had the backing of Democratic Senate Majority Leader Harry Reid of Nevada and the state’s former Republican Gov. Jim Gibbons, is expected to generate enough renewable electricity to power up to 75,000 homes at peak hours.</p>
<p>The email claims that the project will “employ 45 permanent workers … costing us just $16 million per job.” But that math is misleading. The project is expected to create 45 permanent jobs, according to figures available on the website of the Energy Department’s Loan Programs Office. But in addition to those permanent positions, the project could create as many as 600 construction jobs over a 30-month period and “more than 4,300 direct, indirect and induced jobs” throughout the country, according to Kevin Smith, the chief executive officer of SolarReserve.</p>
<p>More important, if things go according to plan, the government might actually make money on the deal. SolarReserve anticipates paying back the government’s loan with interest, Smith said.</p>
<p>Smith, Nov. 4: It’s important to stress that this is a loan that earns the government an approximately 4% annual interest rate. This is not an ‘expenditure’ by the government, but rather a loan that has to be fully paid back with interest so it should not cost the tax payers any money at all.</p>
<p>And Smith said that the project, which is just starting the construction phase, already has a 25-year purchase agreement to sell 100 percent of the electricity generated to NV Energy, the largest utility company in Nevada. “This essentially ensures the project has the revenue stream necessary to pay back the loan,” he said.</p>
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		<title>
		By: average joe		</title>
		<link>https://thyblackman.com/2012/05/22/mitt-romney-a-monument-to-american-gullibility/comment-page-1/#comment-24155</link>

		<dc:creator><![CDATA[average joe]]></dc:creator>
		<pubDate>Wed, 23 May 2012 18:30:36 +0000</pubDate>
		<guid isPermaLink="false">http://thyblackman.com/?p=28884#comment-24155</guid>

					<description><![CDATA[I see what ya&#039;ll mean. 

Obama sold out his poor constituents to Tony Rezko just so Big T could buy him a Mansion in Hyde Park. Fast Forward, Obama gave $535 million of taxpayers hard earned money to Solyndra who went bankrupt then booted taxpayers to protect his billionaire buddies interest while funneling $737 million of taxpayers money to Nancy Pelosi&#039;s brother-in-law. 

To top it all off, Obama&#039;s White House is a revolving door for the good ole boys, no thanks, keep the change.]]></description>
			<content:encoded><![CDATA[<p>I see what ya&#8217;ll mean. </p>
<p>Obama sold out his poor constituents to Tony Rezko just so Big T could buy him a Mansion in Hyde Park. Fast Forward, Obama gave $535 million of taxpayers hard earned money to Solyndra who went bankrupt then booted taxpayers to protect his billionaire buddies interest while funneling $737 million of taxpayers money to Nancy Pelosi&#8217;s brother-in-law. </p>
<p>To top it all off, Obama&#8217;s White House is a revolving door for the good ole boys, no thanks, keep the change.</p>
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		<title>
		By: Brandt Hardin		</title>
		<link>https://thyblackman.com/2012/05/22/mitt-romney-a-monument-to-american-gullibility/comment-page-1/#comment-24123</link>

		<dc:creator><![CDATA[Brandt Hardin]]></dc:creator>
		<pubDate>Wed, 23 May 2012 00:07:44 +0000</pubDate>
		<guid isPermaLink="false">http://thyblackman.com/?p=28884#comment-24123</guid>

					<description><![CDATA[Romney is a Vampire in Mormon Clothing…  under his leadership, Bain gutted companies, sucking them dry and leaving families in shambles without work or a means to provide for their children.  Is this the type of leader we want?  Read more about the role of Romney’s blood money in this election and the power of his sacred undergarments at http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html]]></description>
			<content:encoded><![CDATA[<p>Romney is a Vampire in Mormon Clothing…  under his leadership, Bain gutted companies, sucking them dry and leaving families in shambles without work or a means to provide for their children.  Is this the type of leader we want?  Read more about the role of Romney’s blood money in this election and the power of his sacred undergarments at <a href="http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html" rel="nofollow ugc">http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html</a></p>
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