Investigators Probe White House Role in Massive Energy Loan

1Perry · Sep 17, 2011

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.

Obama admin reworked Solyndra loan to favor donor *| ajc.com

Others can try and spin this whatever way they want but the wheels are falling off everywhere.

00timh · Sep 17, 2011

Just another sad example of what Obama really is. He came from corruption, was backed by corruption and has now shown to be engaging in it using the power of the presidency. This is hardly suprising.

sawyerloggingon · Sep 17, 2011

This is a combination of political payoff and obamas lust for green energy and jobs. He wants this stuff so bad that he can’t see the facts in front of his nose. This proves he is just another crooked politician and he is also a fool. I hope we survive his one term.

Helix · Sep 17, 2011

we should absolutely be funding energy research, as oil is going to eventually run out, and having a replacement or replacements is our best chance to avoid the war over remaining resources.

some startups are going to fail. if funding a failed startup bothers conservatives, then perhaps more of the research should be done publicly.

1Perry · Sep 17, 2011

Helix said:
we should absolutely be funding energy research, as oil is going to eventually run out, and having a replacement or replacements is our best chance to avoid the war over remaining resources.

some startups are going to fail. if funding a failed startup bothers conservatives, then perhaps more of the research should be done publicly.

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.

Donc · Sep 17, 2011

sawyerloggingon said:
This is a combination of political payoff and obamas lust for green energy and jobs. He wants this stuff so bad that he can’t see the facts in front of his nose. This proves he is just another crooked politician and he is also a fool. I hope we survive his one term.

Which of the current republicans running do you think has the best chance of denying him a second term?:2wave:

Renae · Sep 17, 2011

donc said:
Kinda looks like this company took off during the bush administration. Specifically.

(February 2006 - October 2006: In February, Solyndra raises its first round of venture financing, worth $10.6 million from CMEA Capital, Redpoint Ventures, and U.S. Venture Partners. In October, Argonaut Venture Capital, an investment arm of George Kaiser, invests $17 million into Solyndra. Madrone Capital Partners, an investment arm of the Walton family, invests $7 million. Those investments are part of a $78.2 million fund.)

And.

(December 2006: Solyndra applies for a loan guarantee under the 1703 program.)

Bush admin pushed Solyndra loan guarantee for two years | Grist

No, that's just spin.

The White House noted to ABC News that the Bush administration was the first to consider Solyndra's application and that some executives at the company have a history of donating to Republicans.

The results of the Congressional probe shared Tuesday with ABC News show that less than two weeks before President Bush left office, on January 9, 2009, the Energy Department's credit committee had voted against offering a loan commitment to Solyndra.

Read more: Emails: Obama White House Monitored Huge Loan to 'Connected' Firm - ABC News

Donc · Sep 17, 2011

MrVicchio said:
No, that's just spin.

Lotsa luck on the straws that you’re grasping at, must be hell looking at Obama only polling 46% and the leading republican(perry) polling 39%.

Gotta look at the timeline before you can get anything to stick. Loan guarantee was made in 09, audit in 2010. Notice the difference in market conditions in them two years?

Some say(a famous fox news source) that there was a world of diff between them two years. Keep grabbing at what evidently looks like logs to you; in reality they are very small, straws.:2wave:

Μολὼν λαβέ · Sep 17, 2011

donc said:
Lotsa luck on the straws that you’re grasping at, must be hell looking at Obama only polling 46% and the leading republican(perry) polling 39%.

Gotta look at the timeline before you can get anything to stick. Loan guarantee was made in 09, audit in 2010. Notice the difference in market conditions in them two years?

Some say(a famous fox news source) that there was a world of diff between them two years. Keep grabbing at what evidently looks like logs to you; in reality they are very small, straws.:2wave:

More Obama incompetence comes home to roost. It really doesn't matter who runs against him at this point. He is political toast.

Obama White House Warned Solyndra Bad For Reelection - ABC News

Beginning in March, ABC News, in partnership with the Center for Public Integrity's iWatch News, was first to report on simmering questions about the role political influence may have played in Solyndra Inc.'s selection as the Obama administration's first loan guarantee recipient. The loan had been shelved by the Bush administration but was fast-tracked just days after President Obama took office, and one of the major investors in the company is an Obama fundraiser who has visited the White House 16 times, including four meetings with such senior aides as Valerie Jarrett, Austan Goolsbee and Pete Rouse in the months prior to the loan's approval.

Donc · Sep 17, 2011

QUOTE Μολὼν λαβέ

More Obama incompetence comes home to roost.

Maybe mister v will share some of the straws he,s grasping at with you. :2wave:

It really doesn't matter who runs against him at this point. He is political toast.

Gotta new crystal ball eh?:lamo

Boo Radley · Sep 17, 2011

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

As it has been reported, where's the blind eye? Seriously, you guys have to pay closer attention. :coffeepap

Boo Radley · Sep 17, 2011

To the actual issue, this is not good, not smart, and if at all illegal, the president is not above anyone else IMHO.

As for him losing the election, it all depends on who he runs agianst.

Μολὼν λαβέ · Sep 17, 2011

donc said:
Maybe mister v will share some of the straws he,s grasping at with you. :2wave:

Gotta new crystal ball eh?:lamo

I'm not sure which is more germane...

head_up_ass_butt_obama_think_tank_tshirt-p235018657211703363q6iv_152.jpg

Donc · Sep 17, 2011

Μολὼν λαβέ;1059803464 said:
I'm not sure which is more germane...

View attachment 67115780

View attachment 67115781

That,s all ya got eh?Well i guess that's better than,perry,newt,paul,the crazy lady from the tundra,Michelle.

The only real Republican in the race is Huntsman,the rest are baggers, with the exception of Dr Paul and he has about as much chance in getting the nomination as i do.

If the republicans want to win in 2012, they will have to come up with something besides whats on the plate now.And going around looking for nonexistent scandals on Obamas not going to get the job done either.:2wave:

1Perry · Sep 17, 2011

Boo Radley said:
To the actual issue, this is not good, not smart, and if at all illegal, the president is not above anyone else IMHO.

Illegal? Not likely. It was just another case like with the auto bail out where he put those who contribute to his campaign ahead of the taxpayers.

Boo Radley · Sep 17, 2011

1Perry said:
Illegal? Not likely. It was just another case like with the auto bail out where he put those who contribute to his campaign ahead of the taxpayers.

Oh, I agree. I just wish he was alone on this. I think the system creates this more than the individuals do, which is why we have so much of this.

Renae · Sep 17, 2011

donc said:
Lotsa luck on the straws that you’re grasping at, must be hell looking at Obama only polling 46% and the leading republican(perry) polling 39%.

Gotta look at the timeline before you can get anything to stick. Loan guarantee was made in 09, audit in 2010. Notice the difference in market conditions in them two years?

Some say(a famous fox news source) that there was a world of diff between them two years. Keep grabbing at what evidently looks like logs to you; in reality they are very small, straws.:2wave:

What straws? Bush's team shot down the loan App, Obama came and approved it, pushed it, forced it. Trying to claim this is a "bush thing" is the straw here, and you're making a fool of yourself trying defend Obama and Co on this one.

Donc · Sep 17, 2011

MrVicchio said:
What straws? Bush's team shot down the loan App, Obama came and approved it, pushed it, forced it. Trying to claim this is a "bush thing" is the straw here, and you're making a fool of yourself trying defend Obama and Co on this one.

You can always tell when mr v is posting bs,its when he states his opponent is looking foolish.

Consider the following dates mr v, then tell me who,s looking foolish here.

In July of 05, Bush signs the Energy Policy Act of 2005 into law, creating the 1703 loan guarantee program. Loan app made under the 1703 program in December of 06.

In late 07 loan guarantee is funded “for $4 billion worth of loan guarantees from the U.S. Department of Energy.”

Is this lame ass attempt what you’re hanging your hat on, when you say that bush tried to stop the app?

(January 2009: In an effort to show it has done something to support renewable energy, the Bush administration tries to take Solyndra before a DOE credit review committee just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.)

One ****en day before January 20, 2009, Obamas inauguration day, when the loan guarantee was approved in 07.:shock:

(March 2009: The same credit committee approves the strengthened loan application. The deal passes on to DOE's credit review board. Career staff (not political appointees) within the DOE issue a conditional commitment setting out terms for a guarantee.)

Surprise, surprise,the same people that approved it the first time re-approved it.:roll:

Renae · Sep 17, 2011

donc said:
You can always tell when mr v is posting bs,its when he states his opponent is looking foolish.

Consider the following dates mr v, then tell me who,s looking foolish here.

In July of 05, Bush signs the Energy Policy Act of 2005 into law, creating the 1703 loan guarantee program. Loan app made under the 1703 program in December of 06.

In late 07 loan guarantee is funded “for $4 billion worth of loan guarantees from the U.S. Department of Energy.”

Is this lame ass attempt what you’re hanging your hat on, when you say that bush tried to stop the app?

(January 2009: In an effort to show it has done something to support renewable energy, the Bush administration tries to take Solyndra before a DOE credit review committee just one day before President Obama is inaugurated. The committee, consisting of career civil servants with financial expertise, remands the loan back to DOE because it wasn't ready for conditional commitment.)

One ****en day before January 20, 2009, Obamas inauguration day, when the loan guarantee was approved in 07.:shock:

(March 2009: The same credit committee approves the strengthened loan application. The deal passes on to DOE's credit review board. Career staff (not political appointees) within the DOE issue a conditional commitment setting out terms for a guarantee.)

Surprise, surprise,the same people that approved it the first time re-approved it.:roll:

internal Energy Department emails that indicate the panel evaluating the loans had made the unanimous decision to shelve Solyndra's application two weeks before Obama took office."

If the first consideration of Solyndra came during the presidency of George W. Bush, that means that the application for the loan guarantee came after the Energy Policy Act of 2005 was passed. Clearly, this type of loan guarantee program was not a Bush Depratment of Energy (DOE) priority. The fact that Solyndra submitted a loan application does not mean the Bush White House or DOE approved the program or did more than accept the application and shuffle the paperwork a bit. And the DOE emails mentioned above appear to confirm that is all that happened.

It only became a White House priority after Obama took office. As the same ABC news report above goes on to note, "The Solyndra loan was so central to this strategy that the administration initially planned to have Obama personally announce it, and later sent the president to the company's solar panel manufacturing facility in Fremont, California to celebrate its work."

But the Obama White House's attempt to blame the Solyndra mess on the previous administration underscores how opportunistic and selective they've been when it comes to crediting Bush. Note that while the effort to take out Osama bin Laden began under the Bush administration, that point was not mentioned when the president took credit for it, even though it was a Bush priority and major efforts were directed at the effort.

With Solyndra, however, it's being associated with Bush even though all they did was have an ineffectual bureaucracy that accepted proposals from anyone who submitted them.

Weekly Standard: Solyndra Debacle? Blame Bush : NPR

Reality is not on your side.

Donc · Sep 17, 2011

MrVicchio said:
Weekly Standard: Solyndra Debacle? Blame Bush : NPR

Reality is not on your side.

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:

Grant · Sep 18, 2011

The Barbarian said:
You know what ?? I just want a higher grade of politician …. this goes on all the time, in both parties, but damn, when you get it as blatant as this ….. well it just makes one wonder how stupid are the officials we elect ?? Or is it that they just think the public is so stupid they can't add 2+2 ?? Hmmm well seeing they have one here deflecting this by pointing the the defense budget items .. I guess maybe they do.

They believe the public is stupid, and they are right. They have no reason to believe otherwise.

When the public elects to the highest office in the land (and what once was the highest office in the world) someone with no real experience and few campaign ideas apart from "Hope and Change", the tired cliche all politicians use in various forms, then they are no longer a serious people.

They are going the way of Greece, though in America's case, even more rapidly.

Grant · 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:

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

DaveFagan · Sep 18, 2011

MrVicchio said:
Weekly Standard: Solyndra Debacle? Blame Bush : NPR

Reality is not on your side.

Here is reality.

Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story | ThinkProgress

StillBallin75 · Sep 18, 2011

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.

Grant · Sep 18, 2011

While Americans will fight back and forth over whose fault it was that all these millions were lost and a scam obviously committed, there apparently are fewer Americans who question why they are giving out taxpayers money to any private companies in the first place.

Technological advancement and invention were once done by private American enterprise, and there was nobody better at it in the world than Americans. Now politicians will actually boast how much they are giving to corporations and scam artists, and their supporters will urge them on with the apparent belief that throwing tax dollars at a problem will make it disappear.

The American empire is collapsing at a far more rapid pace than the British Empire, but of course the Americans always had the reputation of doing everything in a big way.

Investigators Probe White House Role in Massive Energy Loan

1Perry

00timh

sawyerloggingon

Helix

1Perry

Donc

Renae

Donc

Μολὼν λαβέ

Si vis pacem, para bellum

Donc

Boo Radley

Boo Radley

Μολὼν λαβέ

Si vis pacem, para bellum

Donc

1Perry

Boo Radley

Renae

Donc

Renae

Donc

Grant

Grant

DaveFagan

Iconoclast

StillBallin75

Salty Specialist

Grant