Solyndra- Obama's new nightmare.

Discussion in 'Current Events' started by chesswarsnow, Sep 8, 2011.

  1. chesswarsnow
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    chesswarsnow "SASQUATCH IS WATCHING"

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    Sorry bout that,


    1. Its true.
    Solyndra | White House Visits | Bankruptcy | The Daily Caller


    "Not only does the now-bankrupt solar energy firm Solyndra have a cozy financial relationship with the Obama administration, company representatives also made numerous visits to the White House to meet with administration officials, The Daily Caller has learned.

    According to White House visitor logs, between March 12, 2009, and April 14, 2011, Solyndra officials and investors made no fewer than 20 trips to the West Wing. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged.

    George Kaiser, who has in the past been labeled a major Solyndra investor as well as a Obama donor, made three visits to the White House on March 12, 2009, and one on March 13. Kaiser has denied any direct involvement in the Solyndra deal and through a statement from his foundation said he “did not participate in any discussions with the U.S. government regarding the loan.”

    But the countless meetings at the White House seem hardly coincidental. Kaiser, in fact, is responsible for 16 of the 20 meetings that showed up on the White House logs.

    In the meetings on March 12, Kaiser met with former Chairman of the Council of Economic Advisors Austan Goolsbee at 11 a.m., Senior Advisor Pete Rouse at 3 p.m., and Deputy Director of the Domestic Policy Council Heather Higginbottom at 6:30 p.m. On the 13th, Kaiser met with Deputy Director of the National Economic Council Jason Furman at 9 a.m.

    Other Solyndra officials that made the trek over to the White House include Chairman and Founder Christian Gronet on September 22, 2009, at 9:30 a.m.; and Board Members Thomas Baruch and David Prend.

    Baruch went to the White House May 7, 2010, and September 20, 2010, at 8:40 a.m. and 1 p.m., respectively. Prend visited on September 21, 2010, at 9:15 p.m. (RELATED: Bankrupt solar company with Fed backing has cozy ties to Obama administration)"



    2. Think anyone will notice, *nah get outta here*...:eusa_hand:




    Regards,
    SirJamesofTexas
     
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    Last edited: Sep 8, 2011
  2. Charles_Main
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    Charles_Main AR15 Owner

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    Does seem very odd indeed. We give them 500 Million, they fail, and then the FBI raids the place. Are they there to find out what happened to our money or to cover up what happened to our Money.

    One has to wonder.

    This case Highlights one thing. The Feds are scratching their heads saying we gave them 500 Million how could they fail.

    Simple. SOLAR is not viable as a profitable industry yet. Period. That is why it failed. The Chinese Produce Solar Cells for a Fraction of the Price we can, and guess what. Theirs are still not effecient enough to make Solar a viable alternative. Nothing more than a stop gap, Not an Alternative.
     
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  3. ladyliberal
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    ladyliberal Progressive Princess

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    This is a potentially embarrassing situation for the President. I'm quite curious what the purpose of the FBI raid was and what it found. This is very new, and we just don't know what happened yet. Still, the characterization, "Obama And Cronies Steal One Half a Billion Dollars" is wrong on four counts.

    1) Obama didn't steal anything. Asking Congress to give someone money isn't stealing.

    2) There's no evidence that the responsible persons are Obama's "Cronies". Dictionary.com defines "crony" as "close friend or companion; chum". The fact that they may have attended meetings in the White House and they received money from Congress doesn't make them Obama's cronies.

    3) The money wasn't stolen. The federal government guaranteed Solyndra's loans, and Solyndra took the loans using that guarantee. If they then took that money and left with it, then yes, that would be stealing. However, there's no evidence that that is what happened. If they funded an unsuccessful business with the money, that is not stealing.

    4) The cost to the taxpayer will not necessarily be $500M. Companies that go bankrupt generally still have assets, which are used to pay back some of what they owe their creditors.
     
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  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Solyndra-gate...
    :eusa_eh:
    House probing $528M loan to failed solar company
    14 Sept.`11 WASHINGTON – House Republicans questioned Wednesday whether the White House rushed approval of a half-billion-dollar loan guarantee for a now-bankrupt solar panel manufacturer once cited as the kind of renewable energy company worthy of federal stimulus money.
    See also:

    Obama touts jobs bill benefits for small business
    Sep 14,`11 - President Barack Obama urged enthusiastic college students Wednesday to join him in his fight to get Congress to act on his new jobs bill. "Every single one of you can help make this bill a reality," the president called out at a hot and noisy rally at North Carolina State University.
     
    Last edited: Sep 14, 2011
  5. chesswarsnow
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    chesswarsnow "SASQUATCH IS WATCHING"

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    Sorry bout that,


    1. Thats a lot of money.
    2. Where is it?
    3. Lost in less than a year?
    4. Does anyone else wonder, *where is the money*?
    5. A million dollars is a huge amount, 528,000,000.00 is a helluva lot more folks.:eusa_hand:
    6. Obama has some of it, just goes without saying, really.:eusa_hand:



    Regards,
    SirJamesofTexas
     
    Last edited: Sep 14, 2011
  6. Maple
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    Maple Senior Member

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    This is what happens people when government uses your money to do business, they are lousy at it, everything they have done along these lines is a total failure and it costs YOU.




    Solyndra Loan: Now Treasury Is Launching Investigation - ABC News
    The Treasury Department's inspector general has opened a new front in the investigation of the government loan to Solyndra, the now bankrupt company that had been touted as a model of President Obama's ambitious green energy program, ABC News and the Center for Public Integrity/iWatch News have learned.

    The new probe involves the $535 million loan, arranged by the Energy Department, but actually processed by the Federal Financing Bank, a government lending institution that falls under Treasury's control. Already, the FBI and the Energy Department's inspector general have executed search warrants at Solyndra's headquarters and questioned company executives.
     
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    Last edited: Sep 14, 2011
  7. yidnar
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    yidnar Gold Member

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  8. ClosedCaption
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    ClosedCaption Diamond Member

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    They gave them a loan and I know repubs hate solar but companies do get loans and fail. Remember Tarp?
     
  9. Maple
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    Maple Senior Member

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    [ame=http://www.youtube.com/watch?v=0scZmVQXP_Q]Solar Plant That Obama Visited Files For Bankruptcy, Fires Over 1,000 Workers - YouTube[/ame]
     
  10. Maple
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    Maple Senior Member

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    [ame=http://www.youtube.com/watch?v=iqVQpgeVsYw&NR=1]Solyndra bankruptcy.. - YouTube[/ame]
     

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