Investigators Probe White House Role in Massive Energy Loan

1Perry · Sep 18, 2011

donc said:
That’s it? All you have, is an opinion piece from the Weekly Standard? I didn’t see anything other than an opinion of some hack by the name of Mark Hemingway; Cool name though.:roll:

His opining doesn’t carry any more weight than yours does without back up. Go back to grasping for straws, maybe something will come floating by that you can get a grip on, this non- case sure as hell isn’t it.:2wave:

Do you have a point? Up to now I've missed it. Thanks

Donc · Sep 18, 2011

Grant said:
It's more than just opinion, It also supplies a time line.

The only thing i have seen is his opinion on a timeline,the trouble i have with "his opinion" is it conflicts with a link i supplied that says the following.

<-In late 2007, Solyndra was one of 16 clean-tech companies deemed eligible for $4 billion worth of loan guarantees from the U.S. Department of Energy. Tesla Motors, the Silicon Valley electric carmaker, and Oakland's BrightSource Energy, a builder of solar-thermal plants, also made that list.>

note the bolded parts.:2wave:

Donc · Sep 18, 2011

1Perry said:
Do you have a point? Up to now I've missed it. Thanks

Go read my links that might help.

teamosil · Sep 18, 2011

MrVicchio said:
House investigators

That's pretty much the end of the thread right there...

MrVicchio said:
said they have uncovered evidence that White House officials became personally involved in an Energy Department review of a hot-button $535 million loan guarantee to the now-failed California solar company Solyndra.

That's not some scandal. Of course some of the companies that get these loans won't make it. That's just how the economy works. Same happens to any lender. You might think the government shouldn't be loaning money or you might not like renewable energy or whatever, but it isn't some scandal, it's just a policy you don't like.

Karl · Sep 18, 2011

StillBallin75 said:
love how everyone in this thread is ****ting on the MSM for not reporting on this, then citing MSM sources....The story is out there people, just look for it.

Hear, hear. From very early in the thread:

Ockham said:
[...] Full article here: White House pushed $500 million loan to solar company now under investigation - The Washington Post

MrVicchio said:
This should sink Obama, but the media will turn a blind eye.

Erod said:
[...] And yes, it'll hardly see the light of day from the msm.

Perhaps one day the Washington Post will make the big time, and become part of the.... main stream media :lol:

Grant · Sep 18, 2011

teamosil said:
That's not some scandal. Of course some of the companies that get these loans won't make it. That's just how the economy works. Same happens to any lender. You might think the government shouldn't be loaning money or you might not like renewable energy or whatever, but it isn't some scandal, it's just a policy you don't like.

Of course!

Giving away millions of dollars to private individuals is not a scandal at all, it's just the policy of the Obama Administration!

I like it a lot. What's a guy gotta do to get a piece of that action?

1Perry · Sep 18, 2011

donc said:
Go read my links that might help.

I prefer you explain it.

1Perry · Sep 18, 2011

teamosil said:
That's not some scandal. Of course some of the companies that get these loans won't make it. That's just how the economy works. Same happens to any lender. You might think the government shouldn't be loaning money or you might not like renewable energy or whatever, but it isn't some scandal, it's just a policy you don't like.

WASHINGTON — The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors — including a fundraiser for President Barack Obama — moved ahead of taxpayers for repayment in case of a default, government records show.

teamosil · Sep 18, 2011

Grant said:
Of course!

Giving away millions of dollars to private individuals is not a scandal at all, it's just the policy of the Obama Administration!

I like it a lot. What's a guy gotta do to get a piece of that action?

The government has always given loans and grants and whatnot to all kinds of organizations... You might not like that, and that is totally your right and we can debate that all you like. But it isn't like it is illegal or scandalous or something. It's just a policy decision that you disagree with.

teamosil · Sep 18, 2011

1Perry said:
WASHINGTON — The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors — including a fundraiser for President Barack Obama — moved ahead of taxpayers for repayment in case of a default, government records show.

That just says that the investors in the company get paid out before the government gets paid back on its loan. Not sure why you think that is scandalous. Loans have different terms about that stuff. For a loan designed to kick off a company and trigger investors to invest in it would seem to make sense to give the investors more security.

That one of the investors is a fundraiser for Obama obviously doesn't matter. There are probably 1000s of investors.

Donc · Sep 18, 2011

1Perry said:
WASHINGTON — The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors — including a fundraiser for President Barack Obama — moved ahead of taxpayers for repayment in case of a default, government records show.

<-In late 2007, Solyndra was one of 16 clean-tech companies deemed eligible for $4 billion worth of loan guarantees from the U.S. Department of Energy. Tesla Motors, the Silicon Valley electric carmaker, and Oakland's BrightSource Energy, a builder of solar-thermal plants, also made that list.> :2wave:

Fremont's Solyndra Goes From Stealth to Solar Star-- Page:1

http://www.mercurynews.com/business/ci_18795353?nclick_check=1

Grant · Sep 18, 2011

donc said:
The only thing i have seen is his opinion on a timeline,the trouble i have with "his opinion" is it conflicts with a link i supplied that says the following.

<-In late 2007, Solyndra was one of 16 clean-tech companies deemed eligible for $4 billion worth of loan guarantees from the U.S. Department of Energy. Tesla Motors, the Silicon Valley electric carmaker, and Oakland's BrightSource Energy, a builder of solar-thermal plants, also made that list.>

note the bolded parts.:2wave:

The government 'deemed them eligible', as though giving these people billions of dollars of public moneywas all very normal and usual.. And, sad to say for the American people, it has become the norm.

The responses to this huge waste is also what we have come to expect. It's the fault of George Bush and, besides, everyone else gets government money and wastes it also. They all do it!

Where's the outrage??

There is none, and that's why America is failing and will continue to fail..

1Perry · Sep 18, 2011

teamosil said:
That just says that the investors in the company get paid out before the government gets paid back on its loan. Not sure why you think that is scandalous. Loans have different terms about that stuff. For a loan designed to kick off a company and trigger investors to invest in it would seem to make sense to give the investors more security.

That one of the investors is a fundraiser for Obama obviously doesn't matter. There are probably 1000s of investors.

It matters.

1Perry · Sep 18, 2011

Obama's Solyndra scandal reeks of the Chicago Way

Those of us from Chicago know exactly what the Solyndra scandal smells like. And It doesn't smell fresh and green.

Barack Obama's Solyndra scandal smells like it came from Chicago's City Hall - chicagotribune.com

Donc · Sep 18, 2011

Grant said:
The government 'deemed them eligible', as though giving these people billions of dollars of public moneywas all very normal and usual.. And, sad to say for the American people, it has become the norm.

The responses to this huge waste is also what we have come to expect. It's the fault of George Bush and, besides, everyone else gets government money and wastes it also. They all do it!

Where's the outrage??

There is none, and that's why America is failing and will continue to fail..

I was responding to the OP,s assertion that somehow this could be a cog in Obamas election campaign, not to Corp. giveaways, such as Solyndra, or the $20 billion flow of subsidies for the oil industry in place.they all suck.

Might as well add the local give give aways to Wal-Marts into the subsidy suck file too. :2wave:

teamosil · Sep 18, 2011

1Perry said:
It matters.

How so? Presumably just about every company in the world has at least one Obama fundraiser that owns stock in it and a McCain fundraiser and presumably a fundraiser for most politicians. That's just spin.

Grant · Sep 18, 2011

donc said:
I was responding to the OP,s assertion that somehow this could be a cog in Obamas election campaign, not to Corp. giveaways, such as Solyndra, or the $20 billion flow of subsidies for the oil industry in place.they all suck.

Might as well add the local give give aways to Wal-Marts into the subsidy suck file too. :2wave:

Sure, they do all suck but until the American people rebel against all of it, and not just when the other guy does it, there'll never be a recovery. Graft and corruption should never be rationalized, no matter how strongly you might support one political party over another.

1Perry · Sep 18, 2011

teamosil said:
How so? Presumably just about every company in the world has at least one Obama fundraiser that owns stock in it and a McCain fundraiser and presumably a fundraiser for most politicians. That's just spin.

Not that was gave a half billion dollars despite numerous warnings and blew it.

The Barbarian · Sep 18, 2011

teamosil said:
How so? Presumably just about every company in the world has at least one Obama fundraiser that owns stock in it and a McCain fundraiser and presumably a fundraiser for most politicians. That's just spin.

It's nice to see a liberal that must also agree with oil subsidies, corporate welfare of all types, and no bid contracts as well. You can't make excuses for this, and disagree with any of the others without being a hypocrite

Karl · Sep 18, 2011

1Perry said:
WASHINGTON — The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors [...] moved ahead of taxpayers for repayment in case of a default, government records show.

That could be an issue.

teamosil · Sep 18, 2011

The Barbarian said:
It's nice to see a liberal that must also agree with oil subsidies, corporate welfare of all types, and no bid contracts as well. You can't make excuses for this, and disagree with any of the others without being a hypocrite

No, I certainly disagree with oil subsidies and agree with renewable energy loans. But those are policy stances. Neither one is a scandal, neither one is illegal, etc. Some on the right are making it out like this is somehow some kind of scandal and that's just silly. These are programs that have been on the books for a long time, which were passed by the legislature, etc.

teamosil · Sep 18, 2011

1Perry said:
Not that was gave a half billion dollars despite numerous warnings and blew it.

You aren't following. The fact that one of the, presumably thousands, of investors was a fundraiser for Obama means nothing. That is presumably true of virtually all companies, so that in no way suggests any impropriety.

1Perry · Sep 19, 2011

teamosil said:
You aren't following. The fact that one of the, presumably thousands, of investors was a fundraiser for Obama means nothing. That is presumably true of virtually all companies, so that in no way suggests any impropriety.

If it meant nothing it wouldn't be in the news nor would we be discussing it. It's the very thing Obama campaigned against. This was supposed to be the president of "Change".

Karl · Sep 19, 2011

1Perry said:
If it meant nothing it wouldn't be in the news [...]

Now that's funny, I don't care who ya are :lamo

j-mac · Sep 19, 2011

teamosil said:
You aren't following. The fact that one of the, presumably thousands, of investors was a fundraiser for Obama means nothing. That is presumably true of virtually all companies, so that in no way suggests any impropriety.

Why are you making the main capital venture raiser, George Kaiser, just some investor? You are down playing the importance of this man, all so you can ignore, and dismiss what this means pointing to the corruption of the current administration.

It was people like you that during the eight years of the Bush administration railed against Halliburton and the contracts they got to supply the troops as 'no bid', and tried to hang the yoke of 'crony capitalism' around the neck of Bush, even to the point of screaming that he and Cheney be "frog marched" out of the WH. Now YOUR guy does the same thing in directing OUR money to his political friends, and you want to downplay it as 'ah well, everyone does it...' pathetic.

I don't know the legality, of this however, from what is being reported there are warnings from the people who score these loans to the WH was saying that Solyndra would go under in, surprise, SEPT 2011. Well guess what happened, and Obama and team ignored, and pushed harder to get them the money so Obama could have a photo op to push his green agenda.

It should be investigated, then add that to Fast and Furious, and anything else this criminal enterprise in the WH has done, and he can join a long list of Chicago politicians...in prison.

j-mac