Archive of posts tagged green energy

Crony Corruption: Obama Advisor David Prend was Solyndra Investor & Solyndra Inside Man at WH

Obama Advisor David Prend was Solyndra Investor & Inside Man for Solyndra at WH

Obama Advisor David Prend was Solyndra Investor & Inside Man for Solyndra at WH

The Soylndra Solar Panel green-jobs scandal gets worse for the Obama administration everyday, and we are now learning of a new figure central to the Obama scandal which gave his friends and supporters over $500 billion of taxpayer money, just before going bankrupt.

David Prend is an Obama adviser, who pushed hard for the $500 million federal loan guarantee, even though Rockport Capital, Mr. Prend’s company, stood to greatly benefit from the loan because Rockport Capital was an investor and partial owner of Solyndra.

These “Green Jobs Scandals” go all the way to the top of the Obama administration, and they are currently doing their best to mitigate the damages by covering up their roles in the scandals. We will probably never see the evidence showing how up the ladder high these scandals go, but we all know it stops on Obama’s doorstep.

“I thought the White House might want to take advantage of this event to highlight a highly successful public/private partnership.”

— Obama adviser

…

...Continue Reading Crony Corruption: Obama Advisor David Prend was Solyndra Investor & Solyndra Inside Man at WH

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.

…

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

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

…

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

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

Another Obama Fundraiser Receives Government Loan as Payback For Donations

Here is another political payback by the Obama administration to Tom Carnahan’s energy development firm, Wind Capital Group., using our money.

I hope that the authorities investigate every loan that the ultra-corrupt Obama administration has either proposed, or already handed out.

I think we will find that many, if not all of the government-backed loans are given to big Obama supporters or donors. The loans are really just repayment for the support the loan recipients offered the Obama administration.

When all of the available dirt, that hasn’t already been destroyed by the Obama machine, is exposed, I think many people will be looking into impeaching Obama – by far the most corrupt president in the history of our nation.

President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.

Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St.

…

...Continue Reading Another Obama Fundraiser Receives Government Loan as Payback For Donations

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

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