Obama Administration Invested Billions in Companies Supported by Energy Dept. Insider

Discussion in 'Politics' started by Robodoon, Feb 16, 2012.

  1. Robodoon
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    Robodoon Senior Member

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    Obama Admin Invested Billions in Companies Supported by Energy Dept Insiders

    Noel Brinkerhoff
    All Gov
    February 16, 2012

    Following on the Solyndra controversy, the Department of Energy under President Barack Obama is now accused of funneling billions of dollars in funding to companies that have connections within the department.

    An investigation by The Washington Post found that the Energy Department has approved nearly $4 billion in federal grants and financing to 21 companies supported by firms with connections to five Obama administration staffers and advisers.

    Of this amount, $2.46 billion flowed to nine businesses that have ties to VantagePoint Venture Partners, a venture capital firm where Sanjay Wagle, an Energy Department adviser, worked before coming to Washington.

    The other four officials identified by the Post include Assistant Secretary David Sandalow, who previously worked for Good Energies, a company that received $737 million from the Energy Department; and Steve Westly, a longtime Silicon Valley entrepreneur and now a member of Energy Secretary Steven Chu’s advisory board. The Westly Group took in $600 million in federal financing.

    The Obama administration says that the Energy Department employees and advisers took no part in grant-making decisions, which would mean that these business windfalls were just happy coincidences.

    AllGov - News - Obama Administration Invested Billions in Companies Supported by Energy Dept. Insiders

    Comment: Obama and his evil buddies pushing UN Agenda 21 for profit and control.
    More Corporate evil from the left who is always blaming the right for just that thing.
     
  2. Truthmatters
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    Truthmatters BANNED

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    accused would be the opporative word here
     
  3. Misty
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    Misty Gold Member

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    "Despite most of the media’s heroic efforts to keep the American public away from the word “Solyndra,” word of the massive scandal is starting to seep into the groundwater of public consciousness. Wait until they get a load of SunPower.Not to beat Solyndra into the ground, but, we just note in utter disbelief that earlier this month, the Washington Post reported that newly released e-mails show “the Obama administration’s Energy Department was poised to give Solyndra a second taxpayer loan of $469 million last year, even as the company’s financial situation grew increasingly dire.”

    SunPower: Twice the Green Jobs Scandal for the Obama Administration of Solyndra | Green & Clean
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says there's a spidey inna woodpile somewheres...
    :eusa_eh:
    Bonuses given after raises at Solyndra
    Wednesday, February 22, 2012 - Worker incentive paid during bankruptcy
     
  5. tinydancer
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    tinydancer Diamond Member

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    I just put this up in Environment. Billions wasted. What we have here in America is just millions thrown away as well. All these projects with all these massive loans who are donors to Obama. Green = Scam when one involves government.

    Germany's solar experiment collapses

    Bjørn Lomborg, Financial Post · Feb. 22, 2012 | Last Updated: Feb. 22, 2012 5:19 AM ET

    Germany once prided itself on being the "photovoltaic world champion," doling out generous subsidies - totalling more than US$130-billion, according to research from Germany's Ruhr University - to citizens to invest in solar energy.

    But now the German government is vowing to cut the subsidies sooner than planned, and to phase out support over the next five years. What went wrong?

    According to Der Spiegel, even members of Chancellor Angela Merkel's staff are now describing the policy as a massive money pit.

    Philipp Rösler, Germany's Minister of Economics and Technology, has called the spiralling solar subsidies a "threat to the economy."



    More at link:
    Germany's solar experiment collapses
     
    Last edited: Feb 23, 2012
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Environmental mess left at Solyndra plant...
    :eusa_eh:
    Solyndra abandons efforts to go clean and green
    Thursday, February 23, 2012 - Environmental mess left at plant
     
  7. uscitizen
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    uscitizen Senior Member

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    Damn it is Haliburton all over again.
     
  8. Listening
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    Listening Gold Member

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    At least they are consistent and non discriminating.

    They'll buy off anyone they can...regardless of race, color, or sexual orientation.
     

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