Archive of posts tagged solyndra

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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Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

Now we are learning that, even as Solyndra’s financial situation grew worse and worse, the Obama administration still planned on approving an additional $469 million loan to the now bankrupt solar panel manufacturer, which would have increased the total loss to the American People to over $1 billion.

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

We would think that Obama administration has their head stuck up their butts, but were pretty sure that the Obama administration knew exactly what they were doing when they gave the $ billions in loans to a failing company, which was run by Obama friends and supporters.

In reality, it’s becoming more clear that Obama really just gave a half billion dollars of our money to his friends and supporters, as a “Thank You” for their support of Obama.

The Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.

The Energy Department was actively pushing to provide the second

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Obama Crony Capitalism Continues: Nancy Pelosi’s Brother-In-Law Receives $737 Million Guarantee

Removing Obama and the rest of the cancer that is destroying our nation from the inside, is the only way to start cleaning up our government’s out-of-control corruption, and put our country back on track to recovery.

As long as Obama is in office, the Democrat’s failed policies, inept leadership, and corruption will continue keeping our nation’s economy from recovering, and if Obama and the Democrats have their way, the economy will never recover, and we will all become dependent on the government for the things we need to survive.

Our nation may not be able to survive another 4 years of Obama. – Put an end to Obama’s failed policies, corruption, crony capitalism, and lies by removing him from office in 2012!

Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies — including a $737 million loan guarantee to a company known as SolarReserve:

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

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More Solar Companies Receiving Federal Loans Tied to Democratic Donors

Very soon we will all see very clearly that the Obama administration used their loan guarantee power as a means to pay back the people who helped the Obama administration – either with political support (Nancy Pelosi – Tonopah Solar) or with cash donations (George Kaiser – Solyndra Scandal).

In the past 2 years, the brash Obama administration may have been able to pull off this type of scandal without taking much heat, but the American People have awoken from their teleprompter-induced trance, and are now paying close attention to the actions of the Obama administration.

A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns.

And as questions swirl around possible connections between political donations and these preferential financing arrangements, the Obama White House suddenly began deflecting The Daily Caller’s questions on Wednesday to the Democratic National Committee.

Asked

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Obama’s Energy Department Approves Two More Solyndra-Like Loans

Meet the next two Solyndra-like Obama loan scandals that are sure to be in the news in the very new future.

The Obama administration’s Energy Department has just approved two more government-backed loan guarantees, worth more than $1 billion, for two more solar energy companies, similar to the loan they gave Solyndra.

  • Tonopah Solar – $737 million gov loan
  • Mesquite Solar – $337 million gov loan

Soon, we will also be learning about what friends and supporters of Obama’s are involved with the companies, and how much the companies have donated to Obama.

The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration’s green energy program.

Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to

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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 …

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Solyndra Lists “California Democratic Party” As Bankrupt Solar-Panel Plant Creditor

Why would the ultra-liberal and corrupt California Democratic Party be listed in the list of creditors to the failed solar-panel company, Solyndra, and then the California Democratic Party’s communications director, Tenoch Flores, said in a reply that the California Democratic Party was not owed “any funds in any form” from Solyndra.

That is not a denial that they are a creditor of Solyndra. It only means that they do not want Solyndra to pay back the cash they are owed, or they were already paid back, but it sill leaves the question of why? Who would the California Democratic Party be a creditor to a company that received over a half billion dollars in federal loans?

WE SMELL A COVER-UP BY THE DEMOCRATS!!

This scandal gets bigger by the minute, and the corruption, and subsequent cover-up attempt reaches into all levels of the Democrat party, from the state level, all the way up the Obama himself.

Out of the hundreds of out-of-work employees, vendors, investors and other creditors in the bankruptcy of government-backed solar-panel maker Solyndra LLC, one name stands

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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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