Archive of posts tagged clean energy

Crony Capitalism: Obama Fundraiser Pushed Administration for Solyndra Deal – And Won

Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for Obama, pushed the Department of Energy to grant the $500 million loan to now bankrupt Solyndra.

Why is Obama and the Democrat party bowing down to their fundraisers at every opportunity?

Could it be because they know the Democrats are going to be in a world of hurt afte the 2012 elections, and want to keep the corrupt money flowing to their party? We think so.

An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.

“How hard is this? What is he waiting for?” wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. “I have OVP [the Office of the

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Reid Kills GOP FEMA Disaster Funding Bill, To Write One Of His Own

Harry Reid killed a new GOP FEMA Disaster Funding Bill that would have kept the U.S. Disaster Relief programs running through Nov. 18th.

Instead, Harry Reid said they would have a vote on Monday, on a new bill he wrote – a bill that puts us farther into debt by changing the way the bill is funded. Mr. Reid will surely expect everyone to jump aboard to pass his bill, but most real conservative Republicans will not vote for the bill that puts us into deeper debt, if there is another way to do the same thing that wont add to the debt.

Our prediction: After Harry Reid’s bill is voted down by the House, Mr. Reid will then claim that the Republicans rejected his bill because of political reasons, when he just did the exact same thing himself. Typical Democrat Hypocrisy.

Calling for a weekend to “cool off,” Senate Majority Leader Harry Reid set up a Monday vote on replenishing the almost-empty federal disaster relief accounts as all sides race to beat a deadline to keep money money flowing

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Solyndra Execs Cover for Obama, Refuse To Answer Questions

The Democrats have started implementing the same spin-job they use when one of them gets caught not paying their taxes.
“Oh, it was just a mistake. We missed some signs that showed that there were problems with the company”

How do you miss the signs that a company is not deserving of a half billion dollar government loan, when just a few weeks earlier, the Bush administration rejected the exact same loan request. The corruption-filled Obama administration rushed to re-initiate the loan offer to Solyndra knowing full well that they were throwing the American People’s money right down the toilet, as a “Thank You” and a big wet kiss from Obama to one of Obama’s major donors, George Kaiser, and the other Solyndra executives and shareholders.

We heard Obama’s donor George Kaiser had invested $75 million into Solyndra, and after the Obama administration found out that the company was about to go bankrupt, the administration gave Solyndra an additional… $75 million. Was that extra $75 million a payback to Kaiser as well?

“This is not a debate about the virtues …

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Green Technology Company, Given Millions By Democrats, Files for Bankruptcy

A company (Evergreen Solar Inc.,) that received a $58 million financial aid package from Democrats to build a Bay State factory, has now filed for bankruptcy.

The Democrats have proved that they have no clue how to help businesses, create jobs, or to balance a budget, and now we are learning about the Democrat’s horrible track record in the companies that they gave our money to.

I just wonder how much money Evergreen Solar Inc. donated to the Democrats before receiving the $58 million gift???
My guess is that they donated a lot..

Evergreen Solar Inc., the Marlboro clean-energy company that received millions in state subsidies to build an ill-fated Bay State factory, has filed for bankruptcy.

Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The company announced today it is seeking a reorganization in U.S. Bankruptcy Court in Delaware and also reached a deal with certain note holders to restructure its debt and sell off certain assets.

The company also said it will lay off

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