"BAD DEBT!"

We are almost a month past Christmas, and we are in the process, in some American homes, of trying to recover financially from the December spending spree. Televisions, I-Pods, computers, jewelry, ugly sweaters and mail order fruit cakes must all be paid for; that plastic isn’t magical and those bills will come home. Being responsible people, we are expected to pay our bills.

Banks lend money to many types of people; those buying a house, those buying cars and those starting businesses. Every person who borrows money from those banks signs a loan contract, and is expected to follow that contract. I know of no instance where a person was dragged in off the street and forced to borrow money; it is a voluntary act.

Sometimes people get into financial trouble, and can’t fulfill their obligations. Sometimes they file bankruptcy to have their debts forgiven in a court of law. The debt holders have a right to appear at the bankruptcy hearing to make claims on the debtor’s property and assets in an effort to make their own financial recovery; this is a pretty fair way of doing things. The debt holder should have the ability to make some recovery on a bad debt. We don’t like “dead beats” in America; if you owe, you should pay!

I thought I was done with the SOLYNDRA scandal a while back, but this vampire keeps rising from the dead. SOLYNDRA still owes America $528 million on their “bad debt”. This debt is not going away, and every American has a stake in some recovery on this bad investment. I don’t know if the Obama administration is making any attempt to get OUR MONEY back from SOLYNDRA. I’ve heard nothing from the Justice Department on this matter. What I have recently heard is that SOLYNDRA has been caught destroying some of their unused inventory that runs into the MILLIONS OF DOLLARS in estimated value! SOLYNDRA is making no comments in regards to this discovery. Spokespersons for SOLYNDRA have given ambiguous statements about trying to sell off some inventory, yet there are accounts from some contractors who said they were never offered a chance to bid on some of the destroyed merchandise. I guess when it isn’t your money, your attempts at recovery aren’t too zealous.

The Obama administration has taken the SOLYNDRA debacle in stride, making statements that a certain number of investments were bound to fail! I guess failure is always an option when the Obama administration is involved. I guess the American people can expect zero recovery from any assets of the failed corporation. We will just sit back and watch our tax dollars being crushed and thrown away; you know, it’s the “cost of doing business”, especially if it’s business with Barack Obama! How much more business will America do with Barack Obama? How many more failure bound plans will Mr. Obama get America involved in? So far, Mr.Obama’s “green job” initiative looks more like the green of gangrene, not “long green”, and our economy rots around us! America needs some “pay-back”, and it is coming next November; collection on a “BAD DEBT”!