Archive of posts tagged george kaiser

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

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

…

...Continue Reading More Solar Companies Receiving Federal Loans Tied to Democratic Donors

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 …

...Continue Reading Solyndra Execs Cover for Obama, Refuse To Answer Questions

Obama Gave Solyndra Shareholders and Executives $500 Million “Thank You” For Donations

The more that we learn about the Solyndra Scandal, the more it looks like Obama used our money to repay some of his major contributors, who were the shareholders and executives of the company who received a $500 million loan shortly before filing for bankruptcy.

POOF!!! Another half a billion dollars obviously misused and wasted by the most corrupt administration in the history of our nation.

We know that the badly failed Obama stimulus was just a veiled “Thank You” payout to the unions, in hopes that a good chunk of that money would flow back into the Democrat coffers, in the form of campaign contributions, (basically, political money laundering) but how many more Solyndras are out there?

A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.

Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of

…

...Continue Reading Obama Gave Solyndra Shareholders and Executives $500 Million “Thank You” For Donations