Archive of posts filed under the Crony Capitalism category.

Obama’s New $1.2 Billion SunPower Loan Scandal – Twice As Big As Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

The Obama administration gave another obviously failing California solar company $1.2 billion in federal loan guarantees, even though the company had only weeks earlier announced that they would be building a new manufacturing plant in Mexicali, Mexico to manufacturer the solar panels.

So much for American jobs, as well as so much for the billions of our tax dollars the Obama administration flushed down the toilet, as payouts to their friends and supporters.

The Obama administration – Corruption and Crony Capitalism at it’s finest.

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice

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Obama Packed Jobs Council With Democratic Donors, Bundlers, and Friends

Obama Packed "Jobs Council" With Democratic Donors & Bundlers

Obama Packed "Jobs Council" With Democratic Donors & Bundlers

Obama’s Crony Capitalism is completely out of control, and must be stopped! Remove Obama!

“At least 10 members of the Obama-appointed Council on Jobs and Competitiveness gave the legal maximum contribution — $4,600 — to help get Obama elected in 2008, and they continue to write checks for the president in 2012. Several also serve as Obama campaign bundlers, top fundraisers who collect millions of dollars from their networks of well-to-do colleagues and friends to aid his re-election bid.”

With all of the liberal pieces of crap on Obama’s “Jobs Council”, with No-Nothing, No-Jobs Obama as their boss, there is little to no chance that they will create any jobs. These jackasses are too stupid to figure out how to create jobs, even while the people who know how to create jobs, the Republicans, have been telling them exactly what needs to happen to turn things around. So I will be urging Republicans to vote against Obama’s “Jobs Plan”, because in reality, any plan that Obama and the Culture of Corruption …

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Obama’s Energy Department Ignored Treasury Warning on Legality of Solyndra Loan Restructuring

Obama Emanuel Chicagoland Solyndra Loan Restructuring Scandal

Obama Emanuel Chicagoland Solyndra Loan Restructuring Scandal

Before the Obama administration Energy Dept illegally restructured the Solyndra loan, to assure that Obama’s friends and supporters would be paid back BEFORE the U.S. Taxpayer, they were warned by Mary Miller, the assistant Treasury secretary, that doing so could be illegal, and urged Obama’s Energy Department to consult with the Justice Department before restructuring the Solyndra loan.

Obama and his Energy Department think that they are above the law though, and followed through with the restructuring anyway, without clearing the with the Justice Department.

We hope more info continues to come out, so that we can get to the bottom of how the $500 billion Solyndra loan deal, the loan restructuring, and also who in the Obama administration knew what and when. Unfortunately, most of the real damming evidence has probably already been destroyed by the Obama administration.

Either way, a Special Council should definitely be set up to investigate the Solyndra Scandal, and the corrupt Democrats who were involved, and who throw our money around to their friends, family, and supporters.…

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