Archive of posts filed under the Obama Cover-Up 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

…

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

AG Holder Abruptly Ends Press Conference After Dodging Fast & Furious Questions

Attorney General Eric Holder dodged questions, and then abruptly ended a news conference, after being confronted with a question regarding the Obama administration’s Fast and Furious Gun-Running Scandal, and the impending subpoenas Congressional investigators will most likely send off to Mr. Holder today.

Eric Holder claims that memos sent to him are routinely read by someone else in his staff, and not by Eric Holder.

We want to know how and why these important memos, which were addressed to Eric Holder, were not read by the Attorney General?
This was most likely done, so they can claim ignorance, which in Eric Holder’s case is a definite understatement.

Rep. Darrell Issa (R-Calif.) discusses Attorney General Eric Holder’s claim that he had no prior knowledge of Operation Fast and Furious, part of an anti-gun initiative known as “Project Gunrunner.” The initiative allowed thousands of weapons to be purchased by “straw buyers” in Arizona and Texas and later “walked” unchecked to drug smugglers in Mexico. At least three of those weapons, including two AK-47 assault rifles, later were found at the site of …

...Continue Reading AG Holder Abruptly Ends Press Conference After Dodging Fast & Furious Questions

Almost Half of U.S. Households Receiving Government Benefits Under Obama’s “Leadership”

Almost Half of U.S. Households Receiving Government Benefits Under Obama’s “Leadership”

Almost Half of U.S. Households Receiving Government Benefits Under Obama’s “Leadership”

The Obama administration’s plan to tank the economy with their Socialist policies is working like a champ!

According to Census data, almost half of U.S. Household Receive Government Benefits, which is an all-time historic high for the U.S.

The Obama administration actually wants as many people as possible to be dependent on government assistance and benefits in order to make ends meet though, so don’t look for the Obama administration to make things better, because they won’t.

Families were more dependent on government programs than ever last year.

Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008.

The share of people relying on government benefits has reached a historic high, in large part from the deep recession and meager recovery, but also because of the expansion of government programs

…

...Continue Reading Almost Half of U.S. Households Receiving Government Benefits Under Obama’s “Leadership”

Brain-Dead DNC Chair Debbie Wasserman Schultz Lies Again to Protect Obama & Liberals

Brain-Dead DNC Chair Debbie Wasserman Schultz Lies Again to Protect Obama & Liberals

Brain-Dead DNC Chair Debbie Wasserman Schultz Lies Again to Protect Obama & Liberals

Brain-Dead DNC Chair Debbie Wasserman Schultz thinks that anyone can tell that the economy has gotten better on the Obama administration and Democrat’s watch, but that is just another bald-faced lie by Debbie Wasserman Schultz, which anyone in their right mind would be able to tell was not the truth.

The Obama administration came into office with a MUCH lower unemployment rate than Obama has created, and the Obama administration did not create even one job in August, and last month, close to 116,000 people lost their jobs, so if Debbie Wasserman Schultz thinks that Obama is making the economy better, she is either completely stupid, or an outright liar. We tend to think it’s the latter.

DNC Chair Debbie Wasserman Schultz insisted to CNSNews.com yesterday that “anyone’ can see that the economy is improving and sought to interpret what Pres. Obama really meant when he admitted Monday that Americans were not better off today than four years ago.

“Well, what President Obama said was that certainly

…

...Continue Reading Brain-Dead DNC Chair Debbie Wasserman Schultz Lies Again to Protect Obama & Liberals

Michelle Obama Has Spent $10 Million Taxpayer Money on Vacations Alone

Michelle Obama Has Spent $10 Million Taxpayer Money on Vacations Alone

Michelle Obama Has Spent $10 Million Taxpayer Money on Vacations Alone

Like Husband – Like Wife… Michelle Obama’s taxpayer-subsidised, privileged lifestyle is out of control!

Following in Barack Obama’s footsteps of wasteful spending and corruption, Moochelle Obama is doing her best to spend as much of our money as she can before the Obamas get thrown out of the White House on their asses in 2012.

Reports say that, in the past year, Michelle Obama has already spent over $10 million of taxpayer money on her family vacations alone!

The last vacation for Michelle Obama to South Africa reportedly cost the taxpayers $424,142, and doesn’t even include the food, lodging, and ground transportation for the large Obama entourage, and where, for some shady reason, Obama’s daughter’s, Malia and Sasha were listed as “Senior Staff.” Is it proper for the Obama’s daughters to be listed as “Senior Staff”, and what is the true reasoning behind such a shady maneuver?

Although ignored by most of America’s liberal-dominated media, several online US news sites are reporting that Michelle Obama’s grand tour of southern

…

...Continue Reading Michelle Obama Has Spent $10 Million Taxpayer Money on Vacations Alone

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

…

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

National Renewable Energy Lab: Another $1 Billion Green Jobs Failure for Obama

Obama’s Green Jobs scam and failures takes another hit when the “National Renewable Energy Lab” who received about $1 billion in government funding, and started receiving a 64 percent increase in their funding during the Obama administration, just announced a plan to lay off about 10 percent of its staff. So much for Obama’s Green Energy Jobs…

“Their funding for 2008 was $328 million, In 2010 it was $536.5 million. They’ve had a 64 percent increase in their funding during the Obama administration.”

President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan.

According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.

At the time, the Associated Press

…

...Continue Reading National Renewable Energy Lab: Another $1 Billion Green Jobs Failure for Obama

New Documents Show Eric Holder Lied about Knowledge of “Fast & Furious” Gun-Running Scandal

New documents show that Attorney General Eric Holder lied to Congress about the Obama administration’s “Fast & Furious” gun-running scandal.

Mr. Holder claimed that he had just learned about the Obama administration’s “Fast & Furious” gun-running scandal, when the truth is that he knew full-well about the growing scandal, and began receiving memos on the gun-running scheme at least ten months before that hearing, which means that Eric Holder is a corrupt liar who needs to be removed.

As Democrats do every time they are caught doing something they shouldn’t be doing, like evading paying their taxes, or getting caught in a sex scandal, they claim ignorance. We could have told you that these jackass Democrats were ignorant.. Everyone knows that, but Eric Holder claims that he didn’t lie to the committee, but he just misunderstood the question.

The Obama administration and Eric Holder need to be investigated for their lies, corruption, and stupidity regarding the Fast & Furious gun-running scandal, and Eric Holder needs to be punished for his latest crimes.

New documents obtained by CBS News show Attorney

…

...Continue Reading New Documents Show Eric Holder Lied about Knowledge of “Fast & Furious” Gun-Running Scandal