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Sep 13 2011

Even After Solyndra, Obama’s Green Corruption Continues Unimpeded

Solyndragate cost the American taxpayer a staggering $535 million. But far from being impeached and facing criminal charges for this exposed money laundering operation, President Zero plows full steam ahead, rewarding his bankrollers with bushels of our money in the name of phony “green energy” boondoggles:

On September 7, the [Department of Energy] announced its plan to guarantee 80 percent — or $275 million — of a $344 million private loan taken out by the firm SolarCity. The company installs rooftop solar systems that harvests electricity SolarCity then sells.

The guarantee means that if SolarCity’s project does not succeed, the DOE will use taxpayer money to pay back 80 percent of the company’s private loans.

Sweet deal. Here’s how it was secured:

The Chairman of SolarCity, Elon Musk, is a major financial supporter of the president. On April 15 of this year, Musk donated $35,800 to the Obama Victory Fund. He also gave an additional $5,000 to the Obama campaign.

Like Solyndra officials White House visitor logs show Musk has visited the Administration at least four times since 2009.

Then there’s Solexel, which has been handed $13 million by Obama’s DOE:

Solexel is financially backed by venture capitalist Steve Westly. In 2008, Westly bundled for Obama’s presidential campaign, bringing in more than $500,000. Westly also served as a California co-chair and was a member of the National Finance Committee for the Obama for American campaign.

He’s at it again for the president’s 2012 re-election campaign. So far, Westly has bundled between $100,000 and $200,000.

The looting won’t stop until Obama’s hand is forcibly removed from the cookie jar, or the entire economy collapses under the weight of the debt he has been running up while burying his supporters in an avalanche of stolen money.

Obama Smug
Getting away with it gives him a reason to look smug.

On tips from LarryG and GoY.

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  • SPURWING PLOVER

    Just like back in the 90s when they were lying about how the rainforests were dissapearing or that they were the lungs of the earth(only if you belive this gaia crap)and they still continue to lie about GLOBAL WARMING and our COMMANDER AND THIEF still rips off the public

  • http://www.dunningmarketing.com Air2air

    Solar City’s primary shareholder is actually eBay. I consulted with a competitor of theirs and they have a complete lock on the market. No need whatsoever for funding from your wallet.

  • James Flynn

    It continues unimpeaded because they are all in on it.

    Here is another thing that continues unimpeaded with the full knowledge of Congress and the Media.

    “Barack Obama Didn’t Pass E-Verify System!”

    http://www.thepostemail.com/2011/09/13/barack-obama-didn%e2%80%99t-pass-e-verify-system/

  • TED

    Records Set

    The worst president in the history of this country and you know he HAD to have a (D) after his name!

  • TED
  • Hail The Amberlamps!

    Why should he stop, Waco Holder won’t prosecute anyone and the statist media won’t make it a priority so therefore the sheople won’t pay attention. The subjectivist libtard idiots don’t experience it so in their reality it doesn’t exist.

    This country is fooked.

  • RICH

    Greed and corruption leads to political and economic decay. It’s running rampant throughout our system. Some believe that reducing consumption is “environmentally” friendly. Stifling economic growth, through tax and regulation, I believe is quite intentional. I don’t know how else to explain what I’m seeing (other than stupidity.) What’s our only real hope of securing future prosperity? 2012. Vote the bums out.

  • Spurwing Plover

    The only green these eco-wackos want have big $$$$$$$$$$ all over them

  • Bill T

    Here is another article on barrys E-Verify problems with several screen shots from the SSA and Selective Service records.
    http://www.wnd.com/index.php?fa=PAGE.view&pageId=344461

    Obama’s CIA Connections, Part I and II
    http://www.veteranstoday.com/2010/08/18/wayne-madsen-obamas-cia-connections-part-i-and-ii/

  • Conan

    Quite simply, fuck Odork and the camel he rode in on.

  • The MaryHunter

    What part of quid pro quo does the Sycophantic Media Arm of the Democrat Party not understand?!?

    Oh yea, and then there’s GE…

  • Francisco D’Copper
  • Marci

    What’s interesting to note is every time it is uncovered the corruption this man is involved in, he moves full speed ahead on another boondoggle. Amid Fast and Furious being reported, this a-hole penned and executive order regarding guns. What is astounding is he is clearly giving the middle finger to anyone who opposes financing his corporate cronies. He knows he will never be held accountable, so he brazenly does more of it and in the open to announce a hearty “screw you” to the American people.

  • KHarn

    “Francisco D’Copper says:September 13, 2011 at 2:22 pm”

    That is some wierd S**T you got there.

  • EnergyEngineer

    Don’t forget about the 30% tax credit for renewable energy investments that was also part of the failed stimulus package.

    Green energy is the scam liberals use to repay their wealthy cronies for electing them just like welfare and section 8 are used to reward the voting cronies.

  • Hedgehog

    The flip side of all this is that someone with a little foresight could make a bundle by stocking up on orange jump suits. There will be a great demand for them when these criminals are brought to the bar to answer for all of this.

  • Questionman

    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:

    The Bush team tried to conditionally approve the Solyndra loan just before President Obama took office.The company’s backers included private investors who had diverse political interests.The loan comprises just 1.3 percent of the Department of Energy’s
    (DOE) overall loan portfolio. To date, Solyndra is the only loan that’s
    known to be troubled.
    But facts won’t matter for the Obama-hating racists in this country.

    http://www.grist.org/solar-pow

    Read more: http://dailycaller.com/2011/09/12/new-doe-loans-support-green-obama-backers/#ixzz1XshHRQnr

  • Bill T

    “This deal is NOT ready for prime time,” one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan.
    http://abcnews.go.com/Blotter/emails-obama-white-house-monitored-huge-loan-connected/story?id=14508865

  • GoY

    The desperate left is now spinning that it’s Bush’s fault because Solyndra applied for the loan under Bush and was turned down.

    Meanwhile, the DoE flushes another $1.2 Billion in another solar boondoggle. Wonder how much money its investors “donated” to Obama’s campaign.

    http://www.nationalreview.com/corner/277131/doe-announces-12-billion-loan-solar-firm-andrew-stiles

  • GoY

    It probably hasn’t occurred to the left that companies with viable business models don’t need loans from the FedGov… and companies that need loans from the FedGov probably don’t have viable business models.

  • Ghost of FA Hayek

    Don’t worry, he will get it yet.
    Just as with government bureaucracies, the money pump must remain, and on the high setting

  • Festivus

    The Office of Management and Budget (OMB) was rushed by the White House to approve the loan.

    Contrary to the White House’s contention that they did not intervene in the loan process. The Congressional Hearings are going to be fun to watch.

    “The August 2009 e-mails, released to The Washington Post, show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to the e-mails, which were provided by Republican congressional investigators…

    One e-mail from an OMB official referred to “the time pressure we are under to sign-off on Solyndra.” Another complained, ‘There isn’t time to negotiate.’”

  • hiram

    Thanks, Festivus.

    I wonder how “questiondouche” will respond to that?

    (hint: that’s a question).

  • Apostle53

    Green is Anti-AmericAN IN THE LONG RUN; SO IS THE gLOBALWARMING SCAM.

  • fxdwg

    How is the Annointed One any different from any other african despot? Has anybody else picked up on this? A government job is a license to steal.

  • Festivus

    hiram says: September 13, 2011 at 11:11 pm

    Thanks, Festivus.

    I wonder how “questiondouche” will respond to that?

    (hint: that’s a question).

    *******************************
    Hiram, Looks like he may have been a drive-by troll, so don’t hold your breath! lol

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