Another Obama $535 Million Bet, Gone With The Wind

bitterlyclingin

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(More telling tales from this unvetted president. Aparently one of Mr Obama's bundlers was a heavy Solyndra investor. Naturally, in the Chicago way, Obama had to pay his supporter back after the election. The result: 535 million taxpayor dollars going to money heaven, bye bye birdie, bye bye. Sort of like the futile spur of the moment Oslo trip he took seconds after being sworn in as president trying to get the Olympic Games for Chicago)

"Most poker players know that before going all in on a hand, it’s best to check your hole cards first. Barack Obama went all in on Solyndra, a solar-power technology company that Obama himself visited and heralded as an example of how his green-jobs stimulus would create “countless jobs” in the US. Here he is in May 2010, justifying the $535 million bet he put on Solyndra:"


Obamateurism of the Day « Hot Air
 

annesmith

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Thank you for the shared information. Solyndra is a California-based solar panel producer. A federally guaranteed loan of $535 million was a serious part of the investment that permitted the company to grow. However, the glow did not last long because this week, Solyndra announced that they will be declaring bankruptcy. Furthermore, it is still not clear what portion of Solyndra’s more than $1 billion debt the federal government may be responsible for paying. The federal loan guarantee was for $535 million. It will not be until after Solyndra’s bankruptcy hearings, at which the government will be represented, that the exact responsibility of the government will be understood. What is known for sure is that this guarantee will put taxpayers on the hook for several million dollars.
 
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bitterlyclingin

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(Solyndra officials made some 20 visits to the WhiteHouse during the loan approval period. Obama bundler and Solyndra investor George Kaiser himself made three visits in one day to the White House during the process of garnering 535 million taxpayor dollars to bail himself out of his Solyndra investment and to eventually send to money Heaven. How do you spell T-E-A-P-O-T-D-O-M-E?)

"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."


Read more: Solyndra | White House Visits | Bankruptcy | The Daily Caller
 

iamwhatiseem

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Of course this smells...that is because it is rotten to the core.
But if you think this is unique to this Administration you need to read a little bit more.
This is EXACTLY what happens when government mixes with the private sector.
Government bases decisions on politics and what makes them personally look good doing on TV. Obama, Biden and 4 other cabinet members have been to this company.
Obama made announcements about "success of green energy" from this companies floor.
Government simply does not belong in the private sector. Period.
 

signelect

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How much money did Obama investors make on this deal. I bet none of them went home broke. Unfortunately this is Washington politics at it best, both parties are guilty and the beat goes on.
 

MiddleClass

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Despite non-stop criticism from Republicans, the Obama administration's efforts to help the economy has created jobs.

It just hasn't created nearly enough given the damage done to the labor market by the Great Recession.

The administration's initial stimulus plan, the $787 billion package passed in February 2009, was designed to save or create about 4 million jobs.

According to some third-party estimates, the White House may have come close to hitting that target, especially if you factor in the administration's bailout of the auto industry.

But the job losses in late 2008 and early 2009 ended up being much worse than expected. A total of 3.8 million jobs were lost from December 2008 through April 2009, an average of just over 750,000 a month.

By the time the job losses stopped a year after Obama took office, the Great Recession had cost the economy 8.8 million jobs, and the unemployment rate was stuck in the 9% to 10% range.

So even if estimates of more than 4 million jobs saved or created was correct, it was not nearly enough to get the job market back on track.

From: Stimulus added jobs, just not enough - Sep. 8, 2011
 

MiddleClass

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Of course this smells...that is because it is rotten to the core.
But if you think this is unique to this Administration you need to read a little bit more.
This is EXACTLY what happens when government mixes with the private sector.
Government bases decisions on politics and what makes them personally look good doing on TV. Obama, Biden and 4 other cabinet members have been to this company.
Obama made announcements about "success of green energy" from this companies floor.
Government simply does not belong in the private sector. Period.
And the private sector does not belong in government either. So somebody please tell the Anti-American Koch Brothers:evil:
 

OohPooPahDoo

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(More telling tales from this unvetted president. Aparently one of Mr Obama's bundlers was a heavy Solyndra investor. Naturally, in the Chicago way, Obama had to pay his supporter back after the election. The result: 535 million taxpayor dollars going to money heaven, bye bye birdie, bye bye. Sort of like the futile spur of the moment Oslo trip he took seconds after being sworn in as president trying to get the Olympic Games for Chicago)

"Most poker players know that before going all in on a hand, it’s best to check your hole cards first. Barack Obama went all in on Solyndra, a solar-power technology company that Obama himself visited and heralded as an example of how his green-jobs stimulus would create “countless jobs” in the US. Here he is in May 2010, justifying the $535 million bet he put on Solyndra:"


Obamateurism of the Day « Hot Air

When was the other 535 million dollar bet?
 

Dr.House

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(More telling tales from this unvetted president. Aparently one of Mr Obama's bundlers was a heavy Solyndra investor. Naturally, in the Chicago way, Obama had to pay his supporter back after the election. The result: 535 million taxpayor dollars going to money heaven, bye bye birdie, bye bye. Sort of like the futile spur of the moment Oslo trip he took seconds after being sworn in as president trying to get the Olympic Games for Chicago)

"Most poker players know that before going all in on a hand, it’s best to check your hole cards first. Barack Obama went all in on Solyndra, a solar-power technology company that Obama himself visited and heralded as an example of how his green-jobs stimulus would create “countless jobs” in the US. Here he is in May 2010, justifying the $535 million bet he put on Solyndra:"


Obamateurism of the Day « Hot Air

When was the other 535 million dollar bet?
Title likely worded incorrectly...

Should be "Another 0bama Bet - $535 Million Gone With the Wind"

HTH
 
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bitterlyclingin

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(FBI Raid On Solyndra, CYA In Progress)

"FBI agents executing search warrant at Solyndra
By Lisa Fernandez lfernandez@mercurynews.com
Posted: 09/08/2011 08:05:59 AM PDT
Updated: 09/08/2011 09:27:25 AM PDT


Just days after the company filed for bankruptcy protection, federal agents swarmed around the Solyndra facilities in Fremont to execute a search warrant.

FBI agents were joined by officials from the Department of Energy's Office of the Inspector General in the early morning operation.

Officials would say little about the search, which seemed to center on the Solyndra buildings on Page Avenue off Interstate 880.

"Everything is under seal," said Julianne Sohn, a spokeswoman for the FBI.

Agents began executing their search about 7:30 a.m., Sohn said. More agents arrived in SUVs at 8:40 a.m.

The action by federal agents comes a week after the solar manufacturer abruptly closed, laying off about 1,000 workers, and two days after the company filed for bankruptcy protection.

Solyndra spokesman Dave Miller said the search came as a surprise, but he emphasized the company is "fully cooperating" with federal officials. He said he did not know the purpose of the search, but he speculated it could have something to do with the $535 million in loan guarantees the Department of Energy awarded to Solyndra."


http://www.mercurynews.com/breaking-news/ci_18851389?nclick_check=1
 
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bitterlyclingin

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Oh God!! Lordy!! Lordy!! They're looking for hidden Republicans in the building!
 
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bitterlyclingin

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(Watching the pot simmer. Anybody smell George Soros around here? But then he's probably off to Brazil and its PetroBras with his two billion US dollars. "We (the US) want to be your (Brazil's) best customer"-Barack Hussein Obama. Meanwhile 50,000 roughnecks who live in the Gulf area are still looking for jobs. The "Fundamental Transformation Of America" continues apace.)

By RONNIE GREENE and MATTHEW MOSK
iWATCH NEWS and ABC NEWS

Sept. 9, 2011


Officials from the Department of Energy have for months been sitting in on board meetings as "observers" at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money.

Word of the Energy Department's unusual arrangement came as federal agents on Thursday converged on the California headquarters of the failed solar company, focusing fresh attention on the first corporate beneficiary of President Obama's stimulus program to create new clean energy jobs.

The company, which closed its doors last week and laid off 1,100 workers, has been a subject of an ongoing series of stories by the Center for Public Integrity's iWatch News in collaboration with ABC News.

"The FBI is here this morning executing a search warrant," Solyndra spokesman David Miller said Thursday. "We'll cooperate with them and given them whatever they are looking for, but certainly it was a surprise," Miller said. "I came to work this morning and they were here and I've been sorting it out."

The early morning search was a joint operation involving the FBI and the Energy Department's inspector general, indicating the focus of the investigation, at least in part, is a $535 million government loan to the solar company. One of the company's primary investors was a top fundraiser for Obama's 2008 campaign.

Questions about the loan have been simmering for months. In 2009, the Energy Department put Solyndra's application on a fast-track for approval, and announced the award with great fanfare. The generous terms of the government loan included the lowest interest of all the green projects benefitting from Energy Department help, iWatch News and ABC News found.


Obama Officials Sat In On Solyndra Meetings - ABC News
 
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bitterlyclingin

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(Oh God! The news just keeps on a comin. Solyndra gets more and more aromatic, by the minute)

"Barack Obama visits Tulsa
By Staff Reports
3/19/2007 2:43 PM

Democratic Presidential candidate Barack Obama surprised the staff of Tulsa's Educare Center, 2511 E. Fifth Place, with a surprise visit on Monday.

Obama was in Tulsa for a private fundraiser.

"I've been a big proponent of early childhood education for some time," said Obama. "I'm extremely pleased and proud of Oklahoma for the ground-breaking work that's being done here."

Obama's campaign had kept his stop at the Educare Center so quiet only a two staff members of the staff knew he was coming.

Those two, Co-Director Carol Rowland and Associate Director of Early Childhood Education Lyn Lucas, were sworn to secrecy.

"We didn't find out until Friday, and we were told not to tell anyone," said Rowland.

Obama strolled through the center, asking questions of the staff and peeking into rooms where children were stretched out for early afternoon naps.

"Can I have a mat, too?" he said at one point"


Obama fundraiser at George Kaiser's home?
 

boedicca

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Heh.

[ame=http://www.youtube.com/watch?v=0lVKTmLMV_M]White House Video Praising Solyndra as a Recovery Act Success Story - YouTube[/ame]
 

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