White House Chief of Staff Bill Daley has ordered an independent review of Department of Energy loan guarantees in wake of the Solyndra scandal.
According the Obama administration, "Daley is directing that an independent analysis be conducted to evaluate the state of the Department of Energy loan portfolio and make recommendations to the Administration about how to improve the loan monitoring process. This review will focus on the current state of the loan portfolio and improvements to the monitoring program.”
Daley said, “And while we continue to take steps to make sure the United States remains competitive in the 21st century energy economy, we must also ensure that we are strong stewards of taxpayer dollars.”
Congress has been investigating the now-bankrupt California solar company amid revelations that federal officials offered continued support despite warnings that it was ailing financially.
The House Energy and Commerce Committee could vote next week to subpoena White House records related to the loan.
Former Treasury official Herb Allison has been tapped by Daley to conduct the review. Allison will conduct a 60-day audit of DOE's loan portfolio. Following the 60-day review, Allison will issue a public report to the administration.


Spanky needs a tissue and a cigarette.
Ha! Good one, Forrest, and probably a shot of whiskey.
LOL....another CRISIS RESPONSE from this Administration.
Yep, let's get to the bottom of this corruption (White House and DOE) and then move on to "Fast and Furious".
Maybe Mr. Obama will "pull a Nixon send off" when he waives from the Presidential helicopter on his way back to Chicago LaLa Land after he loses the next Presidental election.
I don't smoke or drink whiskey, but tell me why you read this article and thought of me Forrest?
We know about Solyndra and Fisker and SunPower. We know that in each case, and others, Obama supporters and bundlers got large stacks of cash.
We know that the DOE changed the terms of the deal to subordinate tax payer under Kaiser in the BK proceeding.
Not just wrong Forrest, that last one is likely illegal.
So Forrest, Jody, you support these terrible loans, and worse policy? Why subordinate tax payers in favor of Obama crony Kaiser?
Now why do you suppose the WH wants its own investigation?
Stick stuff this.
I would prefer to see the article say they were eliminating the DOE. What purpose does it serve anyway, other than to keep the unemployment numbers down?
Another government entity we could easily do without.
ABO 2012
I thought it would make you happy Spanky, you have talked about this a lot, if there is wrong doing it should be corrected. Right is right, wrong is wrong, if somebody broke the law they will have to answer, if they don't get a good enough lawyer. I have not defended any individuals but I have defended the idea that the government should support the technology. Just like the 4 billion a year we give the most profitable companies the planet has ever seen and continue to do so. It would take 8 solyndras to equal the oil subsidy for this year alone. As far as I know the SCOTUS says corporations can donate as much as they want to political candidates to make sure their voice is heard, probably why republicans have a record number of active lobbyists and their firms donating and working for their campaigns. Think of it as "greenback technology" support between industry and our government. As long as Obama is not going to jail, and I am not going to jail, I'm not that worried about it.
The White House is going to review its energy department loans and then immediately declare success even afer knowingly breaking the law after changing the loan documents in order subordinate the debt so as to not hurt huge campaign contributors - see Solyndra.
Daley while your investigating yourself, don't forget the green payoff to pelosi's brother-in-law Ron,
Tonopha Solor Energy.
How about updates on Light Squared and while we are at it;
Fast and Furious. (oh I forgot holder's boy is investigating holder?).
These fools honestly think we don't know they are the scoundrels behind all of this government corruption.
@Spanky: Fisker is certainly not an issue - there's not a valid reason to mention that situation in the context of your comments. They executed the business plan as originally stated: the loans went for US engineering and production activities for their NINA project. This will be a plugin hybrid built at a renovated GM plant in Wilimington, DE that they purchased. They had always planned to build their high performance model (Karma) at the manufacturing facility that also constructs the Boxster and Cayman for Porsche. It's projected to be a more expensive, lower-volume model than the units produced in the US. Their batteries come from A123 Systems in Massachusetts.
So the White House is investigating the White House? When is the fat lady going to sing "Pay to Play"? Or maybe they'll just get Hank Williams, Jr?
"White House Chief of Staff Bill Daley has ordered an independent review of Department of Energy loan guarantees in wake of the Solyndra scandal."
Way too late. The horse has left the barn. The Bush Administration rejected the Solyndra loan package, based on recommendations of the Department of Energy staff as too risky. Then, Obama's big 'Bundler' political contributor has the Obama Administration force through the previously rejected application and, viola, it gets the loan guarantee of $535 Million just weeks later.
Then, just months before the bankruptcy filing, the Department of Energy violates its own rules and the laws for the guarantees to allow Obama's big contributor to get the net assets from the bankruptcy instead of the taxpayers.
Can anyone spell "Chicago style corruption"?
Hey, what better way to sweep malfeasance under the carpet than to claim you're 'investigating' the problem.
"This review will focus on the current state of the loan portfolio and improvements to the monitoring program"
How can we sweep the current mess under the rug and "improve" the "monitoring" program so that next time our corruption and incompetence isn't so obvious? .... Oh, and if anyone asks, the reason we're making changes is due to an "investigation". Go out and feed it to the sheep boys.
This is just politi-speak for we have abandoned the "denial of guilt" phase and have now entered the "searching for scapegoats" phase. Some loyal underling will soon be expected to fall on his sword for the good of the WH.
Drink a bit too much tonight?
Who is going tho bring him to justice. Erick Holder ............I'm still waiting for the charges against the Black Panthers.
I must pose the question of why energy monopolies are not questioned? How is it second rate power grids demand a premium cost and service charge? Why in many areas are there not many companies to go get a bargain for power from? You must know what I speak of? It is referred to as capitalistic free market outcome. ; ]
Cheers
Well, for one thing, it monitors and regulates the nuclear power industry. Is that the sort of industry you'd like to have self-regulated? If so, then, why not disband the FAA too?
Now that is delusional.
YET, still awaiting those billions of dollars in oil money from Iraq that were supposed to flood our coffers! Whining rightwing hypocrites forget howTHAT administration sold the trillion-dollar illegal war to America.
All this is over 1.3% of $38 billion in loan guarantees to all energy companies. Companies would not need a Government guaranteed loan if it isn’t a risky loan.
You seek more action on the corrupt actions of this administration yet Daryl Issa, after 11 months, has not been able to find a single ethics violation made by them.
Truth is, that compared to the Clinton and Bush 43 Administrations the Obama Administration is scandal free.
Where's Feisty? Surely she has something to say about all this. Feisty? Feisty? Where are you Feisty?
Send the whole administration in to answer to Congress....require they turn over their personal calendars to see who has had clandestine meetings with the power brokers who wish to profit directly from tax dollars without those dollars flowing through the economy....
Now there's a good idea.
But seriously. Is this still a "scandal"? Obama did what he promised he would do in his campaign. And one of the companies fell victim to Chinese price fixing. Not really a big scandal if you ask me. I think the bigger scandal would be the Republicans insistence on maintaining free trade agreements that allow unfair competition. This wouldn't be an event if there was a higher tax on trade goods.
The thing is, to the Rabid Right (tm), anything that doesn't' work out for this administration constitutes a fabricated scandal. Anything to complain. If it weren't for Obama, half of them would be living in a cardboard box, and therefore wouldn't have the Internet as a platform for their unfounded vitriol.
It's the price of success: sore losers.
i agree with you about the free trade deals,but to be fair i`ve seen politicians left and right from different countries argue the merits of free trade.
Agreed, Nafta was a bill clinton thing.
I can't honestly place the blame on the Republicans, but it's much more fun to do it that way. I mean they hate Obama for irrational reasons, why can't I hate Republicans for irrational reasons?
@mowdy5gs
No I have no clue what you speak of. Energy is one of the most heavily regulated industries in the country. It stopped being controlled by the free market way back in the 1930's. When you libs muck something up you don't get to blame the mess on the thing you destroyed in the process.
Try to get a clue. You create a system where only the big guys can afford to play and then you bitch and whine about monopolies.
JK -
The truth is, the left accusation was that Iraq was a war for oil to profit our oil companies. Since that was not the reality, the left then said we should get a part of the oil revenues in exchange for having troops. If Bush makes that kind of deal, then he is an evil mercanary, if he doesn't make that deal than he is stupid and weak. Which is it?
I think of politics like this:
This country will only get better when people stop looking at things from a politically motivated negative slant. The only weapon is guarding against such negative thinking is being more careful what crap you feed yourself from the very people you blindly trust.
I remember early on when we took occupation that it was said that Iraqi oil would pay for the war, and restoration of their destroyed infrastructure, we wound up spending our money fixing things there, and can't get 2 cents out of republicans for anything here. Pull the troops Mr. President it has been long enough, tell them were proud of what we did or tell them we are sorry for what we did, I don't care, but tell them we are out of there. Bring the troops home, lets start winning hearts and minds right here in the USA, if you bring the troops home republicans will have no choice, because if we could afford it there then we can afford it here, right. I am just asking the republicans in Congress to treat me as good as an Iraqi, I guess that is obviously too much too ask.
Mr. 164 is under the assumption he knows weather or not I am a lib. Ha! All you have to do is ask before you make an absolute fool of yourself. In the future use your questions for you are clearly no swammy nor are you a prophet. You are simply a meager chap in love with his or her self it seems espousing the thoughts in your head and projecting them onto us all. I wish you the best sir or maam. ; ]
Cheers
Mr Mowdy is apparently unaware that anyone can simply click on his username to see all of the posts he's made. He seems to find himself (herself?) following the growing trend of liberals who refuse to acknowledge that they are such. Imagine that, embarrassed to admit you're liberal. Tell me, do you admit it even to yourself or are you actually in denial?
And you are different how exactly? At least I can think for myself and not just spout whatever the rhetoric du jour is.
And a good day to you as well :)
It is a convenient distraction from the topic at hand to label the opponent as a liberal or a conservative and then attribute every discordant notion of that label to the opponent. This is not accurate, fair or constructive and it detracts from the actual subject of the debate.
That said, to the best of my knowledge, no 'liberal' ever claimed rights to Iraqi oil. That was a plank in the Republican platform, reparations for the 'liberation' of the Iraqis, consistent with questionable statements by Bush officials that we would be welcomed as liberators, and a foolish and arrogant one at that. Progressives didn't want to invade in the first place and have been lobbying to get the hell out ever since.
As for regulation of the Energy industry, given the risks of nuclear power, one can hardly wonder why regulation would be necessary, however and nevertheless, the electric power industry itself was deregulated about a decade ago, leading directly to rates skyrocketing (before the price of oil, not after) as well as amusing little episodes like Enron.
The religion of deregulation worships at the altar of a false god of prosperity, and its faithful are truly fools. In truth, it only leads to profits and greater wealth for the 1%, and nothing but trouble for the rest of us. That is its legacy, in every domain.
...and you know, there's nothing in the Constitution about the FAA either... ;-)
Which means there's nothing to prevent the same thing being done privately. Do you worry about getting electrocuted by a poorly designed light switch or lamp? Why not? There is no government agency protecting you, just the private company Underwriters Laboratory. Do you worry when you go into a building that the steel used in it's construction might be flawed or may not be adequate to support the load? No government agency protecting you there either, just standards and enforcement controlled by the industry.
The free market works when it's allowed to. The problems caused by the deregulation of energy is hardly an example of the free market, the free market had already been destroyed. What many people fail to realize is that the greedy fat cats LOVE regulation. They pay lobbyists millions to influence the ways these laws are written and implemented and then they pay lawyers millions more staying in compliance or simply finding the loopholes. The little guy can only compete with the fat cats by offering a better product or service. Unfortunately the little guy starts out with one hand tied behind his back, unable to support the burden of governement that the fat cats hardly notice.
Miss 164 you are simply uneducated indeed. What a maroon as Bugs bunny would poke at you. But I need not name call. All you need do is ask weather I am politically devoted to a party or not. But yet you remain in all your ignorance,.. Ignorant.
Unable to ask even the simplest question. You remain firm as to assume you are God or Psychic. But you are not clairvoyant at all are you. I am afraid the answer is what? You tell me. Are you in fact clairvoyant? No you are not. Did you know I would say that as well? Indeed young lady indeed. You may choose to redress yourself entirely as the burden of intelligence seems to have overcome you and taken its toll.
Still yet again assuming you know me or what I believe. Do you also have small enough thought process to think that one, anyone puts all of there beliefs affirmations thoughts and deeds on a blog? Hmm. Do you ? Are you then projecting yourself onto us all and in particular me? Hmmm.
You have much growing up to do young lady. Much to do indeed. Because as it stands you are nothing more then what I choose to make you.
Cheers
Yeah right. Clearly that's ALL you've got. And you're still not going to admit (even to yourself apparently) you're a lib? ROTFLMAO!!!
Well maam do have fun rolling in the squaller because it seems I am more the correct. Your uneducated means still keeps you from the clear and concise writing of the written word. You are still quite busy trying to TELL everyone what it is they believe without asking. So simple indeed. It is rather complex I understand. Human thought that is as I can gather you would not and do not understand what people are talking about and when.
Cheers luv
@mowdy5gs
You remind me of a chiuaua. You make a lot of noise but your bark has no bite. You're still yammering on (and on and on) about whether I've incorrectly identified you as a liberal while ignoring any of the points I've made. Pretty much sums up the validity of your original statement. Can't defend so just deflect.
Why maam are you still here assuming again? Still never asking the question weather or not I am in fact a liberal, not even one time? Hmmm. Too busy being all self absorbed I see. Too busy TRYING to tell everyone what they think for them I see. Hmmm.
Another person who WAITS to talk instead of listening.
Thank you for proving my point maam. Thank you indeed.. ; ]
Cheers luv
So at this point I’m just going to assume you aren’t going to be making any attempt to defend your original statement about energy monopolies. Let me guess, you’ve heard others bitching about it so you just regurgitate what you’ve heard. But because you don’t really understand the issues associated with the problem you are completely unable to defend your stance.
I was also wondering last night how your post managed to get voted up twice in such a short time on a 2 day old thread that hasn’t gotten much attention. So I checked your profile again, LOL! Not only are you lame enough to vote for your own post but you actually have a second account that you can log in with and vote a second time. HA! You’re even stupid enough to not only make the second name a variation of the first but you actually “freinded” yourself? ROTFLMAO! What a loser!
insert fox/hen house reference here.
I voted up Mowdy5gs, and i'm sure peanut gallery did too. So I'd say thats 2 votes accounted for.
White House to review Energy Department loans.
Can I get 'Shoulda thought of that before' for 600 Alex?
This White House, who couldnt effectively invesigate in which direction the sun comes up, is going to review who? Themselves? How long will that take? MAYBE ten minutes to realize they didnt complete any type of due diligence whatsoever.
Isn't it always an absolute gas when one is no longer able to argue any point cohesively or with fact to back it up? As one may assume there are not loved ones and family that may also blog. And to name call is simply lowering yourself to the school ground of elementary mentality. Losing the moral high ground as though it was a good thing to lose.
But in the end it always comes down to me and being about me does it not? Projecting yourself onto ME and assuming you know ME and name calling ME it is all about ME is it not? It is. It is about ME. My brilliance precludes your participation in any thing worthwhile such as opinion conversation and reality and you simply seem unable to comprehend cope or deal.
Instead of becoming sooooo absolutely frustrated by your lack of knowledge and idea and grasp of the reality of the situations at hand try harder. The world needs triers too. Because when you clearly have been outgunned and bested all you are able to do in the end is make it all about ME. Switching the topic from the topic to make ALL important me the topic indeed.
While I love ME and love that you always stoop to this it shows how impotent you truly are and everyone who reads these posts sees it and you are exposed for the impotent force you really are.
Hows that going for you? Sort of like a second rate power grid charging a premium cost to only have massive power outages to millions and millions of people on the East Coast? Yes indeed.
Cheers
I don't have two accounts, I have my wife jump on and vote me up right after I vote for my own comment
Yeah, that's much, much better. ROTFLMAO
Sorry dude but there is no friggin way I can take you seriously anymore. You ramble on and on without saying a thing. I suppose you at least mentioned the power grid, finally, even if it was just a another rip on me.
"Cheers" - a good way to end your post, I'm literally laughing at you at this point!
Once more, all about me. Which I love. I LOVE that you think so much of me so absolutely highly of me as to again remark not on topic but about me. With all of the citizens of this country 2. 5 million was it? Without power due to an insufficient lackluster power grid you make it about me. I myself love to hear about me but isn't it really because I Me,.. I was right as usual and you were wrong as always.
A sub par grid at a premium price that just like under The Bush Man J.R. when it failed and left sooo many out of power and in the dark for a month or more even he could not get it updated due to regulation haters and lobbyist.
So you got shown up once more and decided you would give it up to me in the ONLY way you know how. By making it about me. As you always do.
I thank you maam. I thank you indeed. Me also thanks you as does I and do me.
Cheers
No sh!t. I make a comment about "you libs" and you go off on a tangent and make 6 posts all of which are all about you. Obviously you "love it" when it is all about you. Did you really think I hadn't figured that out by this point?!? lol
Still you are clueless about the energy issue with nothing to contribute other than the typicial talking points "grrrrrr Bush Jr, grrrrr regulation haters, grrrrr I can't explain my position but I can still say grrrrrr"
Sure, why not make it all about you. Everyone needs a good laugh now and then. Thanks for that!
I know a thing or two about energy.
I'd first like to say, Enron proved that deregulation of energy was disastrous. We don't create un-necessary rules, just rules that protect the consumer. Think about it. If lets say, the power companies where run like ISP's we may see this.
The infrastructure would be provided by the government, and leased to a power providing company. Much like it is now (think dams). Or private companies build and lease their own form of power. Then the power providing company would sell power to a transmission company. The company that provides the power to municipalities, which typically are a long way from the power plant.
Then the municipalities will have 5 seemingly different companies that sell power to you, via a lease of transmission lines from the transmission company. So now you have 2 or 3 middle men that all charge what they want for power. Since there is no regulation telling them that they can't charge unreasonable rates. So the 1-5 providers in your area all offer about the same rate for power, since they all get it from the same sources, and pay the same lease on transmission lines. Secondly, they are in the business to make profit. So, just like with cell phones and ISP's, they would agree to charge a high rate that is roughly double what it costs for them to provide the power. But since there is no regulation regarding price, they can do this. What are you going to do? Go to the other guy's that charge the same price? Or maybe the guy's that charge less but have infrequent service.
This is what deregulation does. I bet you didn't know that cell service is sold to you at an average of 60% markup from what it cost's the company to operate. Surprising? They are unregulated. But just like power it is a product we almost need now. Power is something we absolutely need, so why wouldn't they jack up the price, if you need it, you'll pay for it.
Whatever will the right wing nuts & dolts WAIL about now?
Good idea - this way Americans will be made aware that Bush's filthy fingerprints & his right wing cronies were all over this 'scandal'...
It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama Administration for political reasons. In fact, the Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007.
You’d never know from the media coverage that:
Because one of the Solyndra investors, Argonaut Venture Capital, is funded by George Kaiser — a man who donated money to the Obama campaign — the loan guarantee has been attacked as being political in nature. What critics don’t mention is that one of the earliest and largest investors, Madrone Capital Partners, is funded by the family that started Wal-Mart, the Waltons. The Waltons have donated millions of dollars to Republican candidates over the years.
With a stagnant job market and Obama sinking in the polls, the media has decided on a narrative that matches right-wing talking points but not the facts. For instance, Bloomberg had this incredibly misleading headline yesterday, “Obama Team Backed $535 Million Solyndra Aid as Auditor Warned on Finances.” If you replace “backed” with “touted,” that would be accurate. But the headline makes it seem like the White House had decided to give $535 million to a company after an auditor had said it was financially troubled.
You have to read half the story to learn that the loan guarantee was made in 2009 and the audit was done in 2010 after market conditions had sharply worsened! And the Bloomberg story never explains that the company itself raised $250 million from private investors after the supposedly devastating audit!
To set the record straight, Climate Progress is publishing this timeline — verified by Department of Energy officials — that shows how the loan guarantee came together under both administrations. In fact, rather than rushing the loan for Solyndra through, the Obama Administration restructured the original Bush-era deal to further protect the taxpayers’ investment:
Source: Clean Technica (http://s.tt/13giD)
No doubt Darryl Issa will just keep digging and digging until he finds a Bush under there. Agree, Feisty, my money says the WH knows they'll find Bush.
When you kick over a stone - you don't get to pick & chose which bugs scatter...
Something Issa should think about...
You Obama loving liberals just don't get it. Still playing the blame game and still have your heads in the sand.
Yes, the loan was started under the Bush Administration but was not approved because some people in the Bush Administration did their jobs and stopped the loan from proceeding. No loan approval for Solyndra by the Bush Administration.
Obama's Administration came along and pushed for loans to Solyndra so Obama could go to the company on a campaign tour to the West Coast. It was the Obama administration that APPROVED the loan for Solyndra. It was the Obama Administration that changed the rules and allowed private investors to get in line ahead of the government if Solyndra went bankrupt. It was the Obama Administration that blew the $535 million, not the Bush Administration.
Fiesty, I told you before, and I rarely reply to your post because they make no sense or have anything of importance, but get out of your mother's basement and smell some fresh air, look around and quit relying on MSNBC and First Read for all your information. Maybe you should try and find a job instead of waiting around to be the first poster on First Read. Oh, and take some of your merry band of idiots with you.
I think sfcret needs a tissue and a cigarette...
LOL.....
Notice the Red Head responsed to her own comments ?
BTW, sperm banks are rejecting Red Heads nowadays.....thank goodness.
Roger that Mickey!
Sorry buddy - me & my merry band of idiots aren't going anywhere no matter how many times you tap your ruby slippers together! ;o)
*smoke*?
Another dimwit who never passed 2nd grade science... lmao
Jody - try to blame Bush all you want but George kaiser directly benefited here.
You know Kaiser, the Obama bundler?
Don't fret though there is another Kaiser deal from the DOE that is just as bad. It'll be hitting the news next week.
Besides we all know it's Obama that needs the cigerette.
feisty redhead..... really good other than the Bush Administration categorically rejected it based on all the information that was available at the time... but then the arrogant one termer decided in 2009 that he would hold it up as his star of the future that was trying to sell a product that cost $6 to make with a retail price of $3................ but why let facts get in the way of a good argument.
Fiesty,
Like President Bush's fingerprint's were all over Fast and Furious?
You have been watching Fat Eddie and Rachel MadCow way to much.
Pull your head out of your arse and Google; Operation Wide Receiver...
Aw hell - I'm feeling generous:
Be careful what you ask for little buddy! ;o)
You may now resume sticking your fingers in your ears while wearing a blind fold & chanting LALALALALALALALALALALA!
I love redheads :)
LOL!
Would that be because we are 'hot' and don't take crap from anyone? ;o)
Really feisty? You are blaming Bush? If nothing else you are consistent.
I'm not 'blaming' anyone there johnnie... all I'm doing is pointing out the FACTS which cause you & your ilk to break out in hives...
I'm the first one to step up to a educated debate.... however, you little buddy are an EPIC FAIL!
*benadryl* anyone?
....... feisty........ your my hero ........ when i grow up .... i wanna be just like you ........ southern, Illinois here..... and another thing ... redheads are hot, hot, hot
Fiesty
I've got your little buddy,
Moving on I am also very familiar with Wide Receiver and Fast and Furious.
Like I said Fat Eddie and Rachael MadCow aren't doing you any favors, we'll discuss this again at a later date. Promise.
It's a shame that YOU don't know when to roll over and play dead little buddy!
If that's the case, why did you OMIT it?
Until next time - make sure you bring your knee pads my little buddy....
Oh, and some Vaseline... lol
Feisty Redhead
Bush could hand you a $1 million and you would bicth it was not enough, Obama could spit in you eye and you would thank him for it and ask him to do it again.
NEW SOLAR JOBS IN NEVADA
The Solar thing just got a little more interesting....REALLY....
The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
The project will produce a 110 megawatt power system and employ 45 permanent workers.
That's costing us just $16 million per job.
One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
The PCG executive director is Ron Pelosi who is the brother to Nancy 's husband.
Just move along folks.....nothing going on here...Right, Obama's open and honest administration
Well EXCUUSE me there my new found friend - but what the f*%CK are you talking about?
First rule of blogging my little buddy - it's always BEST to FOCUS on the FACTS'!
you little buddy ? lol in no way am I little in mind or body and I am not your buddy so once again you assume to much and don't have your facts.
just because you choose to believe every thing you read , well at least if it is something that you want to believe is right does not make it so. History is full of stories that have been twisted too meet the needs of the person telling the story, doesn't mean they are telling the Truth now does it?
to blindly believe or follow is a foolish thing, be it a person or a party.
and just because you live in these blogs doesn't make what you post here fact.
Solyndra loan: $535 to try and save an American company competing with the evil communist Chinese.
BP oil spill: $40 BILLION AND COUNTING plus irreparable to the Gulf Coast and permanent medical disabilities for thousands.
Yet somehow Solyndra is the one.
Obama's worshipers are working overtime, defending their master and blaming Bush. Get over and stop acting like babies. Killing Osama , Gaddafy and all bad guys is not going to help in his road to re-election. He is a fiasco and is a surprise for me MSNBC come with one and two punches today.
KingK
Now here is a liberal's attempt at revisionist history. Nice try Feisty. It must hurt very bad to know that Obama and his pals somehow decided to put the interest of his campaign donors above the interest of the taxpayers by restructuring the loan, illegally, to allow the Obama donors to leapfrog the taxpayers in the line when it comes time to getting paid back through bankruptcy. How that equates to further protecting taxpayers' investment is a real mystery. Unless by that you mean the taxpayers had to take a hit to keep Obama in office, by assuring his donors that he will protect them at all cost in order to assure their continued contributions in the future? I guess in your mind anything goes as long as Obama stays, right Feisty!
So you're saying they're equally to blame. So what? Bush is LONG GONE. We don't have to worry about HIM F'ing things up any worse than they are. It's the guy who continued the process that we don't want to get another crack at it.
Why on Earth do you libs still use GWB as an excuse when you're own guy is GWB on steroids. If you think Bush was the worst President in history you best stay home in '12 because 4 more years of Obama will make us all forget how terrible Bush was. Hell, four more years of Obama and George Bush will start to look like George Washington by comparison.
Because we're still cleaning up his mess, and doing it in spite of Republicans doing everything they can to stop us.
If you believed a word of the BS you constantly spew Toasty, you would probably defend your drivel from time to time instead of just spouting the party line and moving along.
Who's fault? Cast your vote on no more Government financial support for private businesses @octorama.com/desktop/display-1775
I hope this is a credible source
factcheck.org
President Obama exaggerated when defending his administration’s approval of a $535 million loan guarantee to Solyndra, a now-defunct solar company.
Obama referred to Solyndra’s loan at an Oct. 6 press conference as “a loan guarantee program that predates me.” That’s not accurate. It’s true that the Energy Policy Act of 2005 created a loan guarantee program for clean-energy companies developing “innovative technologies.” But Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing “commercially available technologies.”
The president also overstated past Republican support for the program, saying “all of them in the past have been supportive of this loan guarantee program.” Republicans overwhelmingly opposed the American Recovery and Reinvestment Act of 2009, and some of them even voted against the Energy Policy Act of 2005 at a time when Republicans controlled both houses of Congress.
Lastly, the president deemed the loan guarantee program “successful” overall. But it is too soon to say.
This should be good for a few Billion $ more for the investigation.....
This is just another example of the rampant cronyism and corruption in our government, and it's a bipartisan problem.
Consider what just happened in a Texas federal court described at LawInjustice.com. A Dallas business owner was involved in a civil dispute and paid hundreds of thousands of dollars to lawyers, and when he objected to additional fees after the case settled, they had a “friendly” judge seize all of his possessions, without any notice or hearing, and essentially ordered him to be an involuntary servant to the lawyers under “house arrest”. The business owner has been under this "servant" order for 10 months and is prohibited from owning any possessions, freely traveling, prohibited from working, etc...
FLAGRANT cronyism.
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This is easily the most corrupt 'presidency' in History.
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"I am not a crook" "My wife Pat has a cloth coat and Checkers eats dry dog food" "erasing the tapes would be wrong"........I think ol tricky Dick would take that title
Chicago Democrats are known around the world for their corruption. Obama is no exception. The top Chicago Democrat is an admitted ex-drug user. Chicago drug gangs get to kill one kid every week! One adult everyday or more! Chicago is near bankruptcy. Illinois is near bankruptcy. Obama is the top dog of Illinois Democrats. Guess what! The US is in big trouble!
One bad loan on you're on the chopping block.
If cronyism means something this benign, then I'll take it.
Before Obama, cronyism meant trillions of tax payer dollors into middle eastern wars and into the Haliburton and Xi war machine.
After that decade, I can settle for an American company working on new technology losing half a billion dollars.
YET, still awaiting those billions of dollars in oil money from Iraq that were supposed to flood our coffers! Whining rightwing hypocrites forget howTHAT administration sold the trillion-dollar illegal war to America.
Hey "Chicago", I guess the dummy from Texas, and his sidekick Darth Vader, was your idea of "good government"?
Actually it was the left that tried sell the idea that Iraq was merely a war of "blood for oil. If that were the case, where's the oil?
Good plan. Let's investigate our spending after we f*ing spend. I know, I'll also look at the road after I'm done driving.
After pushing through all these multibillion dollar "loans" to utterly worthless Penny Stock fake companies owned by democrat party contributors and Pelosi family members, I am sure the Obama Regime will get Captain Honesty Eric Holder to do one of his thorough investigations.
haha, I love that "Captain Honesty", haha
We all need a laugh with what's going on.
Read up Libbies:
"Subpoenaing the White House is a serious step that, unfortunately, appears necessary in light of the Obama administration's stonewall on Solyndra," (House representatives) said in a statement, accusing the administration of not cooperating since the committee launched an investigation more than eight months ago. "
"What is the White House trying to hide from the American public? It is alarming for the Obama White House to cast aside its vows of transparency and block Congress from learning more about the roles that those in the White House and other members of the administration played in the Solyndra mess," they said.
"American taxpayers who are now saddled with a half billion dollar I.O.U. to Uncle Sam deserve to know the truth behind Solyndra," they added. "We remain committed to uncovering the facts in an even-handed way, and maintain some hope that the White House will change course and begin to cooperate."
Hey Mr.President, THANKS FOR THE TRANSPARENCY. (NOT)
Well I guess knowingly breaking the law by subordinating the debt so that the large contributors who also happen to be major investors in Solyndra do not get hurt by what all the experts was a huge loss just waiting to happen. I have written many annual audit opinions and when the auditors say there is little hope for the company in the future and the President wants to hold it up as his shining light as a model for the future and breaks the law to protect Kaiser then I guess the DOE will determine that everything was fine and then Chu will give Obama a hummer afterwards.
I thought the WH was already reviewing the loan requests.
"This one's a Democrat, APPROVED!"
"This one's a Republican, DENIED!"
Let me see if I understand this, a corrupt white house is going to review its policies (which include knowingly breaking the law), immediately arrive at an A+ grade, and report it to the liberal media......... I cannot wait to read that report.
Just as the propaganda news station for uptight, mindless, conservative dummies, Faux Noise, trumpeted the many illegal procedings by the Bush/Cheney regime.
jk,we are on msnbc,i`m sure they threw this up just to setup the next headline.don`t worry ,the media will not make their own creation look bad.
Fiesty! I read the same article.Bush passed a bill of 50 billion for renewable resouces and solyndra was already on the books to recieve loans which added up to about 1.3% of the budget.
Who wrote that article rachael madcow?
this deal was rotten from the beginning now its cover your butt time.too many questions and no answers from obama and co.this one will be tough to dodge but someones gonna have to take the blame..jeez 535 million dollars that could have gone to so many needy people and areas here at home.thats the real shame ...i understand investing in future technologies but i also understand you dont waste 535 MILLION dollars and then try to cover your butt .kinda doesnt look or feel right..know what i mean? little late for a review no?
more money for obama, suck ass
he should go after exxon for making 11 nillion, this is after cost folks and i am still paying 3.75 a gallon in my town in ct.
i pay way more than you and i live in a country with lots of oil,a higher price for gas is about as good a green policy as they have.of course a lot of my gas price is taxs which is good because not many can cheat on the sales tax when they pull up to the pump.a real live depression would be good for the environment.i`m still worried about the ozone layer.i remember playing golf about 20 years ago with a couple of americans,we decided that acid rain made ball washers needless.life has been less stressful since the usa and ussr have stopped promising to out nuke the other.i believe that the canada ussr hockey series didn`t cause the downfall of the ussr, but set an example of showing the russians how the other half lived.
What are the numb nuts at the WH trying to say? That the system they have in place now didn't have check and balances when giving money out. Now they have to review the obvious in giving money to there campaign contributors. Im begining to wonder if the politician think we are that stupid or naive.
"Im begining to wonder if the politician think we are that stupid or naive."
You're "beginning to wonder"?
What do you think it means when the president fails at negotiating to keep our troops in Iraq past years end... and then gives speeches about how he is "bringing all troops home"?
Or when he crates the designation of "Too big to fail", gives GE's CEO a government position and then says he "identifies with Occupy Wall Street"?
Pjam, # 19.1.... why on earth would you want the troops to remain in Iraq past the end of the year? How has the President failed in negotiations with the Iraqi President re the refusal of troop immunity?
Even if the troops could have received immunity why would you want them to stay there in Iraq?
What is so different from the bail out of the financial institutions that was shoved down the throats of the masses by Paulson(sp) of, for and by the Bush/Chaney administration in 2008?
Leave it to you republiconservateabagger dino folks you would do away with ever rule regulation and oversight that there is for every govt agency and perhaps include the whole govt in the USA if you could, from the messages etc by many of you folks.
So go ahead, you folks can post your regressive spiel and vote them up all you want. There are still many people in this country who understand that we need a federal govt whether you folks believe/want it or not. Your attempt at a free for all is not going to happen to satisfy your many fringers groups, and in your attempt to take us back to the arrival of the first group of illegal aliens who landed on the shores of North America now known as the USA. (p.s. they were illegal aliens back then as the aboriginal peoples of this country did not invite these folks out of Europe to immigrate here in the first place.)
He did no such thing. I'm quite sure he never tried to negotiate such a deal with Iraq, nor should he have done so. We shouldn't have been there in the first place.
but taking credit for bringingthem home when an agreement had already been made to leave is kind of greasy.
It's not a matter of taking credit for anything except doing what he said he would do. If he hadn't, you'd be complaining about broken promises, no doubt.
Besides, the 'agreement' was that Iraq told Bush to get the hell out - Bush got thrown out, and rightfully so. We didn't belong there in the first place. Obama kept the generals from keeping us there indefinitely, as they had publicly stated they wanted, and kept our agreement to leave. He ended the war - give credit where you want to but tell the whole story.
The review is to insure that the max in donations were secured in return for the approval. The White House has been immune from talk of corruption only because their publicity arms (ABC, NBC , & CBS) have forbidden the use of that word as being politically incorrect.
why is our country going broke? simple corrupt politicians and corrupt departments. now don't tell me that nobody in the energy dept took pay offs for this fiasco. the dept of energy was formed, i beleive in 1972 to find ways to get us off of using foreign oil. it started out with a couple of hundred people. to day the employees number in the thousands. around 16,000 i'v heard, and we use more foreign oil than ever. i guess they haven't done their job very well. maybe it is time to disband the department and write it off as a bad experiment. these are depts that are formed to give jobs to political donees. at any rate this department has not done its job so close it down and save the tax payers billions annualy.
Boomer, the oil harvested in the USA is sold on the world market to the highest bidder period.
How would closing down the energy dept solve anything? Do you really believe that the problems that are coming to light now is anything new?
What we are seeing now is what happens when corporations have too much sway over our govt. There are more lobbiests writing laws or working as advisors to people in Congress and in other governmental agencies whether at the federal or the state or even the city level these days than ever before.
A lot more of these problems are coming to light because of the attempt at transparency that we are experiencing these days. In the past you would not have heard about it at all. On the other hand the only reason the solyndra situation or whatever it is called is made known now is in an attempt to embarass the present administration, just like the Lewinsky drama was to embarass Pres Clinton. Nothing new here.
There are still many folks who believe that the financial meltdown in 2008 was only came about in 2008 just before the election. The financial meltdown was known a long time before 2008. LOL The housing bubble thingy was being talked about in 2007 if not before, but being downplayed.
How is it that the financial institutions that crashed had so much money in the trillions of dollars parked abroad in tax shelters before the crash/implosion in 2008? Hmmmmm LOL
How is it that the stock market is doing so well these days and ceos and management teams are earning more money and bonuses bigger than they ever earned before the 2008 crash/financial implosion even as millions of Americans are out of work and/or are still getting pink slipped and jobs shipped overseas/outsourced overseas?
Why do you think the OWS protests have taken off all over our country? Perhaps they are raling against the machine and machination of the PTBs and their enablers/big donors?
Like the song Reminiscing, by Tanya Stephens goes..... 'back off, back off, let the breeze cool me off.....
boomer812 #21,
Too much government to be efficient and/or effective ! What a waste of taxpayer money.
the united states economy and standard of living are making the perdictable changes brought on by free trade.the occupy protesters should be quite happy to see the growing equity between nations.
Hockey #21.3.... Re.. where you state "the occupy protestors should be quite happy to see the growing equity between nations".... I totally agree.... what is a little equitable poverty..... on a global level.... between friends... even if it is with a small group or say about the top 1-10%ers holding sway (i.e. holding and controlling the majority of the countries/nations/global total wealth) over the remaining 90-99% of the population worldwide/globally...LOL
We are sooo equal now..... LOL Nothing like a little equitable poverty to make the serfs in the USA and the rest of the world feel that they have reached the peak of success attained the American dream....total commonality.... they are now on par with the (serfs) middle class/working poor/ out of work/ foreclosed upon masses in the US of A. LOL
On the other hand the middle class/working poor/out of work masses in the USA can now say they have the lack of jobs and job opportunities, homelessness, no pensions or minimal pension, savings etc in common with many around the world. If the republiconservateabaggerdinos can get their way we may even have the 'no public safety nets' in common with even more people around the world in 3rd world countries.... yeah.... hip hip hurray for democratization of poverty and taking it global.... LOL
Perhaps someone will write a book about the Democratication of Poverty or perhaps The Globalization of Poverty or a how to book like How to be a Pernicious Greedy Capitalist for Dummies, or even Top 1% or Bust or maybe Moving on Up, From Top 10% to Top 1%. LOL Or American Capitalism... Embrace the Greed Creed.... maybe even 'Embrace the Burn' or 'Dust Beneath my Feet, or even Serferation'. LOL
Now the same thing that our ancestors left England etc to get away from ie serf to the landed gentry, ignorance ie lack of education etc, lack of opportunity/poverty, is now the way of things here..... serfdomination in the USA in the 21st century. LOL
Things have certainly come full circle after all these years.
No matter how things change they remain the same ... sad but true....
The thing is though..... have we been taken back to another time.....
The Bachmann etc republiconservateabagger dinos et al have succeeded in taking the country back(wards?) to another time and place in our history..... to say at least about the 1960-1970s at the moment. LOL
We have 1. music change from the happy stuff to more of the protesty songs 2. fashion change from pants down the butts, the thongs, to the mini, maxi, platform shoes etc 3. the chatter about illegal drug usage PCP etc.... 4. wars.... and protest of wars and proliferation of same 5. the economy and the social conditions and the protest of same... 6. the criticism of the protests and protestors by people in power or the ptbs..... to include accusations of the protestors being drug using, lazy, oversexed, youths who need to go get a job blah blah blah... the PTBs working to break up the protests using police, teargas, flashbang grenades, rubber bullets, batons and other (brutal) force including police in riot gear and on horseback/motorbikes, teargassing handcuffed protestors etc.
The big difference this time is the use of the permits to prevent protests, the secret meeting of state leaders to change the laws to make protesting more difficult to circumvent the Constitution and the use of some in the main stream media to redicule the protestors and downplay or not report on the protests.....
The other big difference is that this protest have gone world wide.... due to the world wide serfdomination of the many by the few and on a global scale......
Another big difference is that technology makes it possible to connect with other protestors instantly via social media and apps.... no longer can a person be arrested without everyone knowing nationwide....that genie is out of the bottle. Not covered by msm? no prob.... camera phones etc, social media, tweets at the ready...... take away the oil fired generators, no doubt the protestors will come up with solar powered and/or battery generators... move the protestors from one site (camp or otherwise) they will regroup to another....
The more things change the more they stay the same....... LOL
All is needed now is the watercannons and the dogs/canine units......
Amazingly though is the fact that there are so many in the top 1-10% who are for and engaging in the protests, and who believe that the folks in the top 1-10 % or specifically the 1 % who believe that taxes should be raised on the top 1%ers like themselves, and including doctors and other health professionals who believe that there need to be a not for profit public healthcare plan as healthcare is or should be a right not a priviledge, all for the good of this our country......
The Fiesty Redhead is dumber than a box of rocks, in fact a lug nut on a chevy wheel has more intelligence. You liberal nuts never get it and never will! The Obozo administration is a buch of liars and sneaking crooks. There needs to be investigation into the green energy BS he keeps spouting. Even the stooge Al Gore has his fat little fingers in the pie on the Fisker auto BS where most of the jobs will be in Finland! Why don't you far left liberal losers wise up and smell the roses. In fact the smell coming out of Roseville with the Fiesty Fathead is another bunch of BS about Bush. Get a life and head back to the flea market! Also, Carl Levin the loser John McCain can start cutting their Congressional bennies before they start asking cuts in tricare for Life and other veteran benefits. These are the losers that are in Congress that need to be tossed out.
Fisker's plans according to their recent public statements are to build a manufacturing facility in Delaware next year to build a production economy model of their electric cars, based on the luxury model they've begun building in Finland.
Those are the facts. The rest of your post is just bullsh!t.
I interviewed with Solyndra about 6 months ago for a position as a Field support engineer based in New Jersey. Three rounds of interviews and all seemed well until I asked the question. "How can Solyndra compete with foreign made pv modules that produce the same power, take up 40-50% less space, are much cheaper, and easier to install than Solyndras." I didnt get the job thank god.
ole lady obama had something to do with this crap, she use to work for the law firm that helped solyndra start up
why didn't any of this get investicated when obama took office? his wifey?
Translation:
“My esteemed associate, Mr. B. B. Wolf, is directing an analysis into the stealing of chickens from the henhouse to evaluate why the activity was detected and improve the deniability of our future asset reallocation programs”, said Mr. Fox.
Mickey please stop trying to cover up for Bush jr dumb butt because it makes you seem you have your head buried so far up it that if he took a breathe people could tell you what you just ate. Feisty keep posting and screw him because you can tell he is a teatard want to be. The truth really kills him.