Tuesday 16 October 2012

Another 200,000,000.00 Flushed

      The total damage done by the money-laundering device dreamed up by the Saul Alinskyite marxists has long since gone past the jaw-dropping dis-belief stage.    Solyndra was the classic formula, followed frequently:   take government money, give money to Democrat campaign donors, say words like "green" or "sustainable" or "friendly" mixed somehow with the words "battery" or "electric" or "ecological" and go down to get your check for a few (or many) hundreds of millions of dollars from the tax-payers.
     Wink and nod, because it is well understood by anyone with the IQ of a two-foot tombstone that two things are going to happen:   (1)   the money will never be repaid, and  (2)  there was never even the merest, most remote chance that any of the "investment" would ever produce anything remotely resembling a viable automobile power plant.    The entire deal was designed to move money out of Washington, D.C. to lackeys within the Democrat Party, who would take the money, pay inflated salaries for "administrators" and "technical people" and then to harvest small but important percentages from said personalities to shovel back into the  pockets of the Obama re-elect effort.    Ditto the United Auto Workers.....and various of the too-big-to-fail banking slugs on Wall Street.   Corzine, anyone?   Marc Rich, anyone?  Franklin Raines, anyone?
     Frankly, Republicans do something similar.  El Gringo Viejo has been involved in some of it.   But, when the deals are being cut by people seeking some kind of government contracts, the poobahs will always make a point of demanding due diligence and compliance with the objectives being funded.   That's why Republican shenanigans produce better results.   It's similar to Mexico where Partido Revolucionario Institucional (PRI)projects produce about a 50% effectivity, while the Partido de Accion Nacional's (PAN) projects are more like 96% effective.
     This next news is out almost at the same time.   No temperature change of significance during the past 20 years.   Studied more closely, that actually was the climate change zombies trying to hide the fact that the overall "world temperature" as they have been measuring it has been static to diminishing slightly.   The ice skirt surrounding the Antarctic Continent is passing record extensions.   It's just a bad day all around for AlGore.  At least his California coastal love-nest gift to his new squeeze is not in as much danger of falling into the Pacific for another 300,000 - 600,000 years.....more or less.   But Wait!!  There's more, the present count of 30,000 polar bears will probably blossom to several hundred million before the end of this century.....Planned Parenthood, Where are you when we need you??   Are we all going to be forced to quarter Polar Bears instead of British Soldiers? 

IT IS/WAS ALL A SCAM FOLKS.  EL GRINGO VIEJO'S BROTHER, WHO WAS HEAD OF THE GEOGRAPHY AND EARTH SCIENCES DEPARTMENT AT LSU-BR BACK IN THE MID-1970S WAS IN THE MEETING OF THE MARXISTS PROFESSORS FROM A CONSORTIUM OF "PRESTIGIOUS UNIVERSITIES" ABOUT HOW GLOBAL WEATHER CHANGES WERE GOING TO BE CITED AS JUSTIFICATION TO ADVANCE ISSUES CONCERNING "SOCIAL JUSTICE" AND "INTERNATIONAL EQUITY".    HIS ADMONITION TO THEM AS THEY SNEERED AT HIS OBJECTIONS WAS," You can entertain yourselves with your delusions, but you are wrong and you know it.   You will also fail in your efforts.  Our delegation takes its leave".


Electric Car Battery Maker A123 Systems Files for Bankruptcy
CHALK UP ANOTHER SHOVEL READY DISASTER.  VOLT, Anyone?

Electric Car Battery Maker A123 Systems Files for Bankruptcy

Jeffrey Sauger/Bloomberg
A123 Systems Inc. fell as much as 16 cents, or 70 percent,
 to 7 cents a share in over-the-counter trading as of 9:43 a.m.
 

This is about as far as the El Gringo Viejo can go.  It's time to relax and let the old blood pressure go back down to moribund level.   Thanks for your time and interest.
El Gringo Viejo