Obama signs 1st major patent law change since 1952

Sep 16, 2011 Full story: The Kansas City Star 77

President Barack Obama signed into law Friday a major overhaul of the nation's patent system, a measure designed to ease the way for inventors to bring their products to market.

Full Story

“Truth to Power!”

Since: Apr 07

Wake Forest, NC

#44 Sep 16, 2011
Wartime III wrote:
<quoted text>
In all fairness, communist limousine liberals need lots and lots of cash to maintain their elitist lifestyles.
Mega-million dollar vacations, shopping sprees, surfing, golf, and gourmet meals aren't cheap like they are in his Nairobi slum.
Not to mention the fact that laughably inept, incompetent, uber-corrupt, radical subversives like Ocommie need to be bought lest he be exposed and deported.
LOL!

Amen!

“Truth to Power!”

Since: Apr 07

Wake Forest, NC

#45 Sep 16, 2011
Caribou Barbie wrote:
<quoted text>
The wet dream of all Rethuglicans- Barack Obama, Republican President of the United Corporations of America



When is the Insane Asylum going to catch you?

“Truth to Power!”

Since: Apr 07

Wake Forest, NC

#46 Sep 16, 2011
carey529 wrote:
<quoted text>
if they were smart, they wouldn't be progressives.

Great Point!

“Truth to Power!”

Since: Apr 07

Wake Forest, NC

#47 Sep 16, 2011
Obama has repeatedly said the bill will spur job growth, a characterization that has been challenged by patent experts.

"It really doesn't create jobs for anybody except maybe patent lawyers," says James Besson, a lecturer at Boston University School of Law and a fellow at Harvard's Berkman Center on Internet and Society.

http://www.huffingtonpost.com/2011/09/16/pate...

“Truth to Power!”

Since: Apr 07

Wake Forest, NC

#48 Sep 16, 2011
Blern wrote:
Boy I'm glad Obama brought change to Washington and ended how banks and corporate special interest controlled it.
http://www.huffingtonpost.com/2011/09/16/pate...

Good info from your link. Thanks!



Congress has been wrestling with the legislation for the better part of a decade, steadily eroding the bill's original purpose and instead delivering favors to a host of politically entrenched corporate players, from banks and trial lawyers to multinational drug companies.

While standing next to Eli Lilly Chief Executive John Lechleiter at a science and technology-focused high school in Alexandria on Friday, Obama again invoked the spirit of entrepreneurship and the job-creating power of innovation, saying the bill will make it easier and faster for inventors to obtain patents.

"We can't afford to drag our feet any longer, not at a time when we should be doing everything we can to create good innovative jobs," Obama said. "We should be encouraging the entrepreneurial spirit anywhere we find it."

But in many key industries today, patents have become a tremendous barrier to innovation, rather than a facilitator. And granting more patents faster may well exacerbate the problem.

When Congress initially began considering patent reform during the first term of President George W. Bush, the bill was designed to fix a broken litigation system. A series of federal court decisions had authorized the U.S. Patent and Trademark Office to begin issuing patents on software and "business methods."

While patents had historically been restricted to new gadgets, these new patents were notoriously broad in scope and vague in definition, allowing their owners to launch lucrative lawsuits against companies making generally unrelated products. Inundated with applications, the USPTO issued hordes of patents on generic or commonly-used business techniques.

Inventors who actually intended to bring new products to market could not know if their new products would violate some vague, decades-old patent held by a lawsuit specialist -- and would therefore invite a barrage of time-consuming litigation. Hundreds of companies dubbed "patent trolls" sprang up that did not produce any goods, but made their money suing for patent infringement.

“Operation GTFO Advocate”

Since: Jul 11

Kenyan-Bound Commie Blubber

#49 Sep 16, 2011
The laughing liberal wrote:
Obama has repeatedly said the bill will spur job growth, a characterization that has been challenged by patent experts.
"It really doesn't create jobs for anybody except maybe patent lawyers," says James Besson, a lecturer at Boston University School of Law and a fellow at Harvard's Berkman Center on Internet and Society.
http://www.huffingtonpost.com/2011/09/16/pate...
EXACTLY.

Another kickback to his trial lawyers.

Politics before country every day of the week and twice during Ramadan.

“Operation GTFO Advocate”

Since: Jul 11

Kenyan-Bound Commie Blubber

#50 Sep 16, 2011
The laughing liberal wrote:
<quoted text>
When is the Insane Asylum going to catch you?
Have you ever tried to catch a communist chicken?

They run around bawking and squawking like Kruschev after he's snorted 20 lines of Obama's stash of cocaine.
liza

Clarksburg, WV

#51 Sep 17, 2011
Everything he sticks his nose in, either cost
us money or its ruined. Can't anyone just
stop him? We certainly have proof of that
Bettie Boop

United States

#52 Sep 17, 2011
The laughing liberal wrote:
Big Companies WIN and the little guy inventor gets screwed again by Obama.
Nice when you can BUY a president.
Obama FOR SALE .... to the highest bidder!
why are you and other people blaming the president for this solindra mess. this deal was made by president bush with the bailout money. president obama just tried to save the company but he did not give it the half trillion. think before you make a fool od him and you.
Bettie Boop

United States

#53 Sep 17, 2011
Caribou Barbie wrote:
<quoted text>
The wet dream of all Rethuglicans- Barack Obama, Republican President of the United Corporations of America
president obama is a democrat. he would never consider changing to the republiicans. I at least dont think he would. when he makes the new jobs bill law then everyone who said bad things about him will be working. what can they say bad abolut him then. nothing i think.

“JESUS WOULD IMPEACH THE GOP!!!”

Since: May 09

Lake Success, N.Y.

#54 Sep 17, 2011
Wartime III wrote:
<quoted text>
Yes, you can file for a patent on the exact placement of the corn and nuts in your propagandist sh!t.
And you can certainly "refine" the order, quantity, quality, size, color, and depth of each of them.
It'd prolly help to swallow your kenyan's sh!t in smaller doses so as to increase the variety quotient.
That said, there's surely a market for your patented "products" in a ghetto gas station Men's Room vending machine.
Good luck with that.
So YOU own the patent on stupidity!

Thanks for the clarafication Forrest!
Cowboy Up

Albuquerque, NM

#55 Sep 17, 2011
Bettie Boop wrote:
<quoted text>
why are you and other people blaming the president for this solindra mess. this deal was made by president bush with the bailout money. president obama just tried to save the company but he did not give it the half trillion. think before you make a fool od him and you.
Stop posting till you know WTF you are talking about!!!!You are wrong, wrong wrong...It was not funded with stimulus money and it was the Obama Administration. Funding came from Loan Guarantee act 1703 and was Sept. 2009...clearly Obama Administration.

Bush Administration turned down Funding in early 2009.

Solyndra MESS happened on Obama's watch...plain and simple.
Bettie Boop

United States

#56 Sep 17, 2011
Cowboy Up wrote:
<quoted text>Stop posting till you know WTF you are talking about!!!!You are wrong, wrong wrong...It was not funded with stimulus money and it was the Obama Administration. Funding came from Loan Guarantee act 1703 and was Sept. 2009...clearly Obama Administration.
Bush Administration turned down Funding in early 2009.
Solyndra MESS happened on Obama's watch...plain and simple.
no i wont stop and my partner reads about this stuff more than i even read and she said that this guy krugman or kruger said it was bush who gave the money to the solar company. he should know because it was in the new york times magazine. also there is no such thing as act 1703 you made that up to sound smart but you are one of those palin supporters and she does not know anything either.
Cowboy Up

Albuquerque, NM

#57 Sep 17, 2011
July 2005: The Bush administration signs the Energy Policy Act of 2005 into law, creating the 1703 loan guarantee program.

February 2006 - October 2006: In February, Solyndra raises its first round of venture financing, worth $10.6 million from CMEA Capital, Redpoint Ventures, and U.S. Venture Partners. In October, Argonaut Venture Capital, an investment arm of George Kaiser, invests $17 million into Solyndra. Madrone Capital Partners, an investment arm of the Walton family, invests $7 million. Those investments are part of a $78.2 million fund.

December 2006: Solyndra applies for a loan guarantee under the 1703 program.

Late 2007: Loan guarantee program is funded. Solyndra was one of 16 clean-tech companies deemed ready to move forward in the due diligence process. The Bush administration DOE moves forward to develop a conditional commitment.

October 2008: Then Solyndra CEO Chris Gronet touted reasons for building in Silicon Valley and noted that the "company's second factory also will be built in Fremont, since a Department of Energy loan guarantee mandates a U.S. location."

November 2008: Silicon prices remain very high on the spot market, making non-silicon based thin film technologies like Solyndra's very attractive to investors. Solyndra also benefits from having very low installation costs. The company raises $144 million from ten different venture investors, including the Walton-family run Madrone Capital Partners. This brings total private investment to more than $450 million to date.

January 2009: In an effort to show it has done something to support renewable energy, the Bush administration tries to take Solyndra before a DOE credit review committee just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.

March 2009: The same credit committee approves the strengthened loan application. The deal passes on to DOE's credit review board. Career staff (not political appointees) within the DOE issue a conditional commitment setting out terms for a guarantee.

June 2009: As more silicon production facilities come online while demand for PV wavers due to the economic slowdown, silicon prices start to drop. Meanwhile, the Chinese begin rapidly scaling domestic manufacturing and set a path toward dramatic, unforeseen cost reductions in PV. Between June of 2009 and August of 2011, PV prices drop more than 50 percent.
Cowboy Up

Albuquerque, NM

#58 Sep 17, 2011
September 2009: Solyndra raises an additional $219 million. Shortly after, the DOE closes a $535 million loan guarantee after six months of due diligence. This is the first loan guarantee issued under the 1703 program. From application to closing, the process took three years -- not the 41 days that is sometimes reported.

January - June 2010: As the price of conventional silicon-based PV continues to fall due to low silicon prices and a glut of solar modules, investors and analysts start questioning Solyndra's ability to compete in the marketplace. Despite pulling its IPO (as dozens of companies did in 2010), Solyndra raises an additional $175 million from investors.

November 2010: Solyndra closes an older manufacturing facility and concentrates operations at Fab 2, the plant funded by the $535 million loan guarantee. The Fab 2 plant is completed that same month -- on time and on budget -- employing around 3,000 construction workers during the build-out, just as the DOE projected.

February 2011: Due to a liquidity crisis, investors provide $75 million to help restructure the loan guarantee. The DOE rightly assumed it was better to give Solyndra a fighting chance rather than liquidate the company -- which was a going concern -- for market value, which would have guaranteed significant losses.

March 2011: Republican Representatives complain that DOE funds are not being spent quickly enough.

House Energy and Commerce Committee Chairman Fred Upton (R-Mich.): "Despite the administration's urgency and haste to pass the [American Recovery and Reinvestment Act]... billions of dollars have yet to be spent."

And House Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-Fla.): "The whole point of the Democrats' stimulus bill was to spend billions of dollars ... most of the money still hasn't been spent."

June 2011: Average selling prices for solar modules drop to $1.50 a watt and continue on a pathway to $1 a watt. Solyndra says it has cut costs by 50 percent, but analysts worry how the company will compete with the dramatic changes in conventional PV.

August 2011: DOE refuses to restructure the loan a second time.

September 2011: Solyndra closes its manufacturing facility, lays off 1,100 workers, and files for bankruptcy. The news is touted as a failure of the Obama administration and the loan guarantee office. However, as of Sept. 12, the DOE loan programs office closed or issued conditional commitments of $37.8 billion to projects around the country. The $535 million loan is only 1.3 percent of DOE's loan portfolio. To date, Solyndra is the only loan that's known to be troubled.
Cowboy Up

Albuquerque, NM

#59 Sep 17, 2011
Bettie Boop wrote:
<quoted text>no i wont stop and my partner reads about this stuff more than i even read and she said that this guy krugman or kruger said it was bush who gave the money to the solar company. he should know because it was in the new york times magazine. also there is no such thing as act 1703 you made that up to sound smart but you are one of those palin supporters and she does not know anything either.
Should address you Bettie Dup! Did you bother to do your own research? Of course not. As long as someone said Bush did it I'll Believe it. No Such thing as a Loan Act????REALLY????

Believe me I am not a Bush Cheerleader. Think the guy screwed up big time....But not going to turn a blind eye on Obama.

Just wish EVERYONE would hold who ever is in office to the same standards. Picking a team Dem or Rep blinds you. You wind up defending your choice rather than using your head and logic.

By the way...need to expand your reading beyond the NY Times. They tend to try and convince people of their leanings.

"I Control this Country. I tell people what to think and how to vote."
William Ranolph Hearst

“Angry Antlers ”

Since: Sep 08

Miami

#60 Sep 17, 2011
Cowboy Up wrote:
<quoted text>Should address you Bettie Dup! Did you bother to do your own research? Of course not. As long as someone said Bush did it I'll Believe it. No Such thing as a Loan Act????REALLY????
Believe me I am not a Bush Cheerleader. Think the guy screwed up big time....But not going to turn a blind eye on Obama.
Just wish EVERYONE would hold who ever is in office to the same standards. Picking a team Dem or Rep blinds you. You wind up defending your choice rather than using your head and logic.
By the way...need to expand your reading beyond the NY Times. They tend to try and convince people of their leanings.
"I Control this Country. I tell people what to think and how to vote."
William Ranolph Hearst
William Randolph Hearst was a Republican
Rio

Albuquerque, NM

#61 Sep 17, 2011
Caribou Barbie wrote:
<quoted text>
William Randolph Hearst was a Republican
Yea right...democrat all The way! Hearst pioneered Yellow Journalism, still used today.

As Martin Lee and Norman Solomon noted in their 1990 book Unreliable Sources, Hearst "routinely invented sensational stories, faked interviews, ran phony pictures and distorted real events." This approach came to be known as yellow journalism, named after the Yellow Kid, a character in the New York World's color comic strip Hogan's Alley.

"I control this country, I tell people how to think and how to vote.". William Randolph Hearst

Much like the media Still does today. Verify,verify,verify....many news reports 90/10 BS/truth

“Angry Antlers ”

Since: Sep 08

Miami

#63 Sep 18, 2011
Rio wrote:
<quoted text>Yea right...democrat all The way! Hearst pioneered Yellow Journalism, still used today.
As Martin Lee and Norman Solomon noted in their 1990 book Unreliable Sources, Hearst "routinely invented sensational stories, faked interviews, ran phony pictures and distorted real events." This approach came to be known as yellow journalism, named after the Yellow Kid, a character in the New York World's color comic strip Hogan's Alley.
"I control this country, I tell people how to think and how to vote.". William Randolph Hearst
Much like the media Still does today. Verify,verify,verify....many news reports 90/10 BS/truth
Like I said, a hard core Rethuglican to the core.

Since: Nov 08

Location hidden

#64 Sep 18, 2011
Caribou Barbie wrote:
<quoted text>
The wet dream of all Rethuglicans- Barack Obama, Republican President of the United Corporations of America
Communist Czar specialist of America.........Odoodle the poodle.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Patent / Trademark Law Discussions

Title Updated Last By Comments
Levittown Orthodontist Secures Patent for Devic... Tue Gerald Vonberger 1
Why we need Patent Attorney? (Nov '13) Dec 14 danneilhunk 3
Groupon in trademark fight Nov 26 ChandraPeers 4
question about the trademark Interact Nov '14 Mark 1
Del. Norton Introduces Bill to Strip NFL of Tax... Nov '14 RayOne 1
Similar Trademarks (Jul '13) Nov '14 ChandraPeers 2
Patent or Copyright (Nov '12) Nov '14 ChandraPeers 2
More from around the web