bitterlyclingin
Silver Member
- Aug 4, 2011
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[Illegal? Yes! But Barack Obama obeys no laws and the first rule of thumb in his administration is that no one who bought their way into his inner circle via campaign contributions should endure any pain, financial or otherwise. Therefore when it came time to subordinate the taxpayer to the investor's and his political supporters interest, it was a no brainer. If you think you're going to hear this from the NYT, the WaPo, ABC, CBS, CNN, and NBC you're out of your mind. Journalism is officially dead until the next Republican President as per a single, solitary July 15th article in the New York Times which admitted they subject all their political news stories for editing, corrections, and approvals to the White House before printing them. Does Joseph Goebbels come to mind? How about Pravda then?
Forksuckers!]
"Via Beltway Confidential:
The House Energy and Commerce Committee released a report today on the Energy Departments decision to subordinate taxpayers to private investors in the ill-fated Solyndra project. That is, the taxpayers would have to wait in line behind the private investors and let them recoup all of their losses first. Only after that could taxpayers could get any money back assuming there would be any money to recoup at this point. In this case, that would be a reported $328 million of the $335 million federal loan guarantee to Solyndra.
This is significant because the plain language of the departments own rules for loan guarantees states that taxpayers must not be subordinate and instead must come first"
Weasel Zippers » Blog Archive » DOE Made Sure Obama Campaign Donor Recouped Solyndra Investment Before U.S. Taxpayers
Forksuckers!]
"Via Beltway Confidential:
The House Energy and Commerce Committee released a report today on the Energy Departments decision to subordinate taxpayers to private investors in the ill-fated Solyndra project. That is, the taxpayers would have to wait in line behind the private investors and let them recoup all of their losses first. Only after that could taxpayers could get any money back assuming there would be any money to recoup at this point. In this case, that would be a reported $328 million of the $335 million federal loan guarantee to Solyndra.
This is significant because the plain language of the departments own rules for loan guarantees states that taxpayers must not be subordinate and instead must come first"
Weasel Zippers » Blog Archive » DOE Made Sure Obama Campaign Donor Recouped Solyndra Investment Before U.S. Taxpayers