Archive of posts tagged crony capitalism

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

…

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

Obama Admin Ignored Warnings of Solyndra Problems BEFORE Payment of Loan

Now we learn that Obama was actually warned about the problems with the now bankrupt solar-panel company, Solyndra, BEFORE the $500 million loan was handed out!!

Obama chose to ignore the warnings though, and push through the loan, as a thank you payback to his major supporters, who were shareholders and executives in the failed solar-panel company.

For anyone who watches corrupt liberal media to get their news, here is some more info that you will not get from your stations.

Solyndra’s loan application was filed during President Bush’s term, but the Solyndra loan was denied by the Bush administration less than two weeks before Bush left office on January 9, 2009. As soon as Obama took office, his administration reversed the denial of the loan and put the ill-advised loan, which had thrown up many red flags that the Bush administration caught, but the Obama administration ignored, on a fast-track to receive the same loan that the Bush administration denied days before.

A Congressional probe shows that before President Bush left office, Bush’s Energy Department credit committee voted against …

...Continue Reading Obama Admin Ignored Warnings of Solyndra Problems BEFORE Payment of Loan

Issa to Launch Probe of Obama’s Solyndra, LightSquared Crony Capitalism Corruption Scandals

The Solyndra and LightSquared scandals, which have been called “Obama’s Enron” by many, should be bringing about an “all hands on deck” reaction in the Republican party. We need everyone behind the push by Rep. Darrell Issa to investigate the obvious crony capitalism, influence-peddling, and corruption displayed by the Obama administration and Democrats.

“..the White House pressured an Air Force general to revise testimony before a closed congressional hearing to aid LightSquared, a wireless start-up company.”

“(Obama) administration officials met with executives from the company on the same day that CEO Sanjiv Ahuja wrote a $30,400 check to the Democratic National Committee.”

When people realize what Obama has done, these latest Democrat scandals will spell the end of the Obama administration and many of the Democrats in the next election. People will not forget about Obama and the Democrat’s complete corruption and disregard for the American People, and the money they worked so hard for, only to have it wasted on an expensive political pay-back to Obama’s friends and supporters.

Rep. Darrell Issa (R-Calif.) said Tuesday that his committee plans

…

...Continue Reading Issa to Launch Probe of Obama’s Solyndra, LightSquared Crony Capitalism Corruption Scandals