Obama Bundler George Kaiser Made Multiple Visits to White House in Months Prior to $535 Million Loan Guarantee to Solyndra

In this May 26, 2010 file photo, President Barack Obama, with Solyndra Chief Executive Officer Chris Gronet, looks at a solar panel, during a tour of Solyndra, Inc., a solar panel manufacturing facility, in Fremont, Calif. Solyndra received a $535 million loan from the U.S. government has announced layoffs of 1,100 workers and plans to file for bankruptcy. (WaPo)

Top Obama bundler George Kaiser made multiple visits to the White House in the months before the company was granted a $535 million loan from the government.
iWatch News reported, via Free Republic:

The i Watch News investigation confirmed that at least 18 other bundlers have ties to businesses poised to profit from the president’s political agenda, through stimulus money, government contracts, or other spending to promote clean energy technology or green development.

Oklahoma billionaire investor George Kaiser is one. A longtime Democratic donor, he is a big financial backer of a company that in March of 2009 won a $535 million loan guarantee [19] from DOE for a solar plant in Silicon Valley. He had multiple visits to the White House in the months before he was awarded the contract. Kaiser has not responded to interview requests from iWatch News.

This doesn’t look very good considering it was widely known that Solyndra was in deep economic trouble and had negative cash flows since its inception.

Kaiser says he did not use political influence or talk to administration officials about a massive government loan to Solyndra.

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  • Soooo…….do we get our money back now…?

  • ar05075

    It’s a money laundering scam.

  • MAJ Mike

    Crony capitalism at its most obvious. We see the corporate facism of the Left.

  • Steve

    Check your headline. That’s a $535 MILLION loan, not $535 loan.

    Common Cents

  • Jeremy Cannone

    People aren’t buying this “go green” nonsense anymore! Only people with cash they can just “throw away” would spend money on solar panels anyways, and because of this economy (and POSPOTUS), there aren’t many of those kind of people left. And c’mon, I mean if I was wealthy, why would I need solar panels anyways? I think I would be able to afford paying an electric bill, like everyone else.

  • Estragon

    We’re only scratching the surface of this scandal. Solyndra not only got the huge government loans, it got them at about half the interest rate other companies were given.

    The only companies loaned money under ARRA are paying 3.3-4% interest on it. Solyndra, alone, was given a rate under 2%. So far, no explanation has been offered for the difference.

  • Taxpayer

    “Kaiser says he did not use political influence or talk to administration officials about a massive government loan to a solar company backed by his investment funds.”


    I’ll believe you, Kaiser, when you say it in court. Under oath. As the defendant in your fraudulent scheme.

  • Bitter Clinger

    Imagine if this was George W Bush in the White House. Chrissy Mathews would be spraying spit all over the camera lense night after night. Ed Schulz would have a seizure. Keith Obermann would have a stroke. Rachel Maddow’s head would explode. Rev. Sharptongue would be “tongue tied” and unable to read the teleprompter (resist we much). Nancy Pelosi’s botox injection sites would erupt and Harry (the body) Reid would finally have some color in his cheeks.

  • ohio

    IT took all of those trips to work out the details of how to launder the money back to the DNC.

  • retired military

    “Kaiser says he did not use political influence ”

    Nope. He just talked about Obama’s great golf game.

  • J. Knight

    Someone has that money. And since Fannie Mae And Freddie Mac are going to sue the banks to recover loan money, then this Kaiser guy should have to repay the $535,000,000.00 his company got. What’s good for the goose….

  • Old Dude

    How to get rich with other people’s hard earned money:

    1. Government political hack steals money from taxpayers.

    2. Government political hack gives money to crony business friend.

    3. Employees in said business pay union dues.

    4. Union funnels money back to government political hack.

    Any questions?

  • Little Johnny

    Rest assured that Eric Holder’s Department of Justice will get right on this after the holiday.

  • Militant Conservative

    Notice lil Jerome is not present at the failures of his butt buddy Obama.

    fair weather friends will leave you when the excrement hits the fan.

    Last time I looke there is an excrement storm caused by Obama.

    How’s that hopey changey tingee worken for ya?

    powder is dry

  • Mark

    Ah, the wonders of a centrally planned economy. Failure? Reinforce it. Success? Punish it.

  • kato

    Keep that congressional investigation going. Check every loan made by the Energy Department.

    And while we’re on the subject of crony capitalism, read this from the WSJ:


    Taxpayers subsidizing a car that starts at around $105,000. Can anyone have any doubts as to why this economy is in shambles?

  • mg4us

    Me thinks me smells a RAT. . .A DemocRAT!

    When 2012 rolls around and RATs & RINOs are swept out in Operation Clean-Sweep 2012. . .then the newly elected constitutionally conservative government needs to investigate this amongst other things. .

    And if it is found out that OBAMA was indeed ineligible to serve as president for not being a “naturally Born citizen”, then he and ALL those who supported this scam need to be tried for treason. . .

    And all those who stole from the public coffers too!

    Run Sarah Run

  • Peter of Castelnau

    I’ve saved the photo above.

    I’m pretty sure they’re standing in front of a roller conveyor.
    Obama is staring at a conveyor that is doing nothing.
    The conveyor is staring back at a President that is doing nothing.

    Priceless. Thanks.

  • Calamity Jane

    My question is….Will we ever see any indictments/prosecutions relating to just one on the scandals d’jour?


    If you check out their S-1 filing (http://sec.gov/cgi-bin/browse-edgar?company=Solyndra&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany) you can get a flavor for this $535m loan. Here’s a company which burned through over $500m in cash, by Oct. 2009, and barely had any reported revenues. The who’s who in Silicon Valley was invested in this deal (all Obama contributors). Under any reasonable man theory, how could the DOE have approved this loan? Hell they took this money and build a brand new factory costing $700m! No wonder these guys went out of business. What a complete waste. Hopefully, taxpayers will get some of their dollars back, but I doubt they’ll get more than 20 cents on the dollar.

  • pjean

    Someone needs to look into this and see who’s been “cooking the books”. How can ANY company fail when they have $535 million in ADDITION to any money that came from private investors? We have a right to know EXACTLY where every dollar went in this company.

  • jainphx

    Corruption! thy name is Obama!

  • WillofLa

    Oh no, Mr. Kaiser wouldn’t try to influence politician’s in gaining this money he got from them, oh no not at all. He’s an honest billionaire, isn’t he? He is worth his weight in gold campaign contributions for Democrats, who would even suggest that he used this potential to get this money.

    You all know what rich people do, don’t you? Rich people never use their money to start things they support. They use other people’s money so as not to loose their money in case the project fails to get off the ground. They put in just enough to make it look like they are going to committ to the project, but not so much as it would hurt if they lost it. But they put in just enough to intice others to make a contribution to the effort. And then if it does get off the ground, rich people always write into any contract that they get their money back FIRST up front as soon as any profit is made whatsoever. That way shortly after Solyndra started going down the drain, Mr. Kaiser had already got his money back. What he’s doing trying to get this so-called loan is to see who in the Democrat Party are going to bank on this company, and if any of them want his support in their writing laws that would be needed for this money to go to that company. They are doing that in telling him, “Hey, we support whatever you are supporting. Now, can we have some of your money for our campaign?” It’s usually called “influence peddling” and is against the law! But so many do it and no one has ever tried to inforce campaign laws, they all just do whatever they want so long as it’s not to obvious to the American people. Because we do find out what they are doing from newspaper reporters do find out from their leakers they know will tell them stuff.

    We need to find out if Mr. Kaiser is also a “environmentalist” and is in cohoots with Maurice Strong and the U.N. and maybe Obama to. Because you know that Communist need financial support as well as a regular political party needs the same support. Just because they are Communist doesn’t mean they hate people who have alot of money. They reason why Obama wants to talk and act like he wants to “tax the millionaires and billionaires” is to force them to cough up money for campaign contributions. It’s called a “shake down”, sorta like what Green Peace does all the time.

  • MrGoodWench

    Here is how it worked for Tesla motors, another Silly Con valley ” green” fraud.
    Steve Westley made an initial down payment of $500,000 to Obama’s funds.
    Obama gave him $ 500 MILLION of taxpayer money for Tesla.
    ( Algore is associated with Tesla)
    Ofcourse the local rags are trying to scrub the initial reports of Westley+Obama’s corruption.

  • chuck in st paul

    This Administration is either the most inept or the most corrupt…. or (C) all of the above.

  • Joel

    What is so sad is how the main stream media is blind to progressives as they destroy the US.

    It is criminal what they have done to honest, hard working people that truly love their country.

  • donh

    ” Kaiser says he did not use political influence or talk to administration officials about a massive government loan to Solyndra.” ….Right …he had his deputy write the negotiations down on white board so that there would be no listening device recordings…and he gave “officials” deniability by arranging the loan through their lower level staffers. If republicans do anything this year…it is to start slamming these embezzlers looting the US treasury in JAIL for LIFE. You don’t just lose a half billion in tax payer dollars, fold into bankruptcy, and sail away to the Cayman Islands.

  • BurmaShave

    Those were mighty expensive “jobs” — more like short-term sinecures — that Obama “created” with our money.

  • WillofLa

    #21, I agree completely and have been on both my Congressman and Senator to do exactly that, and that is to have anyone, ANYONE who violates the Constitution arrested. And make it like the Democrats do things and prohibit the Democrats from coming back at Republican’s for violation of the Constitution for some little tiny nothing of an offence, that you know that is how the Democrats do things, they make mountains out of mole hills.

    I don’t want Obama to get away after he is out of office. I want him behind bars, and Pelois, Reid, Maurice Strong, George Soros, Barney Frank, Bernecke, and every Treasury Dept. appointees George Bush had in his administration. People like Paulsen who, with all authority and autonomy pilfered eight and ahalf trillion dollars out of our U.S. Treasury. I didn’t know we had that much money in reserve. And every time the Democrats would raise our taxes to pay for social and domestic spending programs, when they had the money all along. But of course that’s those “two books” that every state, city, and especially the Federal Government has two sets of books. They have the book that they show the IRS, and the people of America, and then there’s the second book that has all the real numbers in it, the gains and losses, expenditures and profits. That’s the book we need to get our hands on.

    I agree that there needs to be massive accountability from Obama, and every damn Democrat and Republican for that matter, for what and where all the money went. And I have been demanding that my Congressman and Senator find out where every dime went from Obama’s first and second Stimulus money went to, and to whom, and for what.

    I think that if the America people were to get real honesty and truthfulness from someone in the government, ON TV!!!! by forcing the media to do the damn reporting they are supposed to do, like they used to do. The America people are basically honest people, that is the ones who are Christian’s, and/or had somekind of Christian upbringing in their homes when they were growing up. As much as those in the media claim to be “objective” and don’t give any preference towards any religious feelings or beliefs in their reporting, they are deep down inside. If you touch that place, even in Chris Mathews that I’ve seen be honest when his guard was down for a second, and not so much in others even though there are some who are basically honest and would want the truth to be told, they will report the truth as much as their brain is telling them not to. That’s the side of their brain that has been washed by liberalism. The side of their brains that aren’t as washed as much as they would think it should be, isn’t, and still holds to the truth as what needs to be told to the American people. That is the accountability that the American people need so badly.

  • Molon Labe

    Why is the Federal government loaning money to private firms? What happens to the people who approve these bad loans? Will there be an third party investigation into this? If this is a case of crony capitalism will criminal charges be lodged against all and sundry?

  • No Man

    This is Obama’s Enron.

    The lying, liberal media will see no evil, hear no evil and say nothing about this half billion $$$ corruption.

    This is gangster government in action.

    Thanks all you Obamazombies for enriching $cumbags like Kaiser ad destroying the greatest economy on Earth.

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  • Bill Henslee

    Somewhere in custody, Tom Delay is laughing at the hypocrisy of politics and power.

  • WillofLa

    And I believe that the American people would not riot or do anything like that if they were to find out that, like, Obama gave a hundred million dollars to the Palestinian’s and they bought more rockets with it to fire on Israrel. I think they would be upset, but would understand that, the money is gone and there’s not anything you can do about it except throw Obama in jail for about fifty years! Him and Barney Frank and Chris Dodd need to be in the same cell together, so they could tear each other up with accusations, like, “I told you we were going to get caught, you dumb a**!” I can hear it now.

    See, the problem is these men have all got something on each other. There’s so much rule and law breaking going on, and almost has to be because the Democrats have made it so easy for themselves to do things that are unconstitutional that in order to get something done that would actually help the country, you’d have to break one of their laws that prohibit things like helping the country. You have to break that law to get something through the Congress, and everybody knows how you did it.

    So when I tell my Congressman to arrest anyone who violates the Constitution, he can’t, because the man he’s arresting knows at least a dozen Republican’s who have done the same thing. So, it’s like, where do you start? With who, who is more guilty than anyone else? They are all equally guilty. I know that my Congressman is a very ethical man and probably hasn’t broken any laws to get something through the Congress, but he knows someone who is just as ethical as he is, who has. And do I ask him to arrest that man? The arrest of a big time politician is a very serious thing, and no one wants to do something that would affect that man’s career. See, it’s that damn pension from being a politician that no one wants to mess up for another politician. Because without that pension, they’d have to try to live on Social Security like ordinary American’s. So what is so wrong with that? They should have known that if they get busted they would likely loose their pension. But no one wants to be the one who causes some other person to have to live off of Social Security, when all they had to do was keep their mouths closed and nothing would happen. But, see, that’s just it. Do you keep your mouth closed and let it go by? Or do you blow the whistle and put the man behind bars for the damage they’ve done.

    I think it depends on who it was that did it, and how many times they did it, and how bad it caused the American people to suffer. If it wasn’t to bad, then I think the people who know about what some scum bag like Barney Frank has done which could have got him thrown in prison, they just look the other way. And that is the problem to, isn’t it?

  • mercador

    What is all this ” get our money back”? When have “we the people” ever got our money back.

  • Jerome

    I wonder how much of this money found its way back to Mr. Obama and his cronies?

  • President Potemkin

    You’d think that the Grand Fubar would have someone do at least a small amount of research prior to supporting an endeavor with federal money. I mean, if one of your flagship policies is going to serve as an example of a sustainable economic program, why not make sure you look good backing it? I’m getting the feeling he doesn’t really care. SHOCKA!

  • aprilnovember811

    It’s no wonder they don’t want the Treasury audited. Gosh, I’m sure it’s so much worse than what we know. The crime probably goes back so long. This is unconscionable. The Federal Government giving money to businesses. The DOE, EPA, Dept. of Education, all money laundering schemes.

    These people do what bank robbers need a gun for. They can rob, become accessories to murder, and call it all policy, and walk away from their crimes. Babies that aren’t even conceived are left holding the bag.

  • Taqiyyotomist

    I wonder if Obama will demand Halal meals while serving out his multiple life sentences?

    (Dream…the impossible dream…!)

  • From the looks of that picture they were not producing anything when Stymie was there either, It’s an empty conveyer you floppy eared nitwit, that means they are not producing ANYTHING, or maybe they were looking for an easier way to load Stymies trunk with all that corruption money……..

  • MrGoodWench

    Taqiyyotomist commented:
    I wonder if Obama will demand Halal meals while serving out his multiple life sentences?
    (Dream…the impossible dream…!)
    Is there a halal cocaine ?

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  • RS

    Pity Obama doesn’t tithe to the green religion with his own money and not our children’s.

    But hey, that what truly superior-to-all-others progressives do.

  • tommy mc donnell

    i wonder how much of that 535 million kaiser has. how much will he be donating to the myth’s campaign?

  • Patty

    You can dress it up in pretty talk and dangle the thing in front of a fool. They will eat it up like it was the first time they bit into something so good. Like a tricky car salesman. But sometimes a bad idea is just that. Mr. Elite and Intelligence so they say fell hook, line, and sinker. Like a kid in a candy store and too many goodies. ON OUR DIME!!

    I have come to the conclusion that Obama could sign off and be sold a BILL of goods.
    As fast as he threw grannie under the bus.

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  • Wags

    Greengate – It might be the biggest scandal & thief of Taxpayers money. It permeates the Green Industry from Solar Panels, Electric Cars, to the imaginary Green Jobs. Obama, Biden, Reid, and Pelosi will go down in Hall of Fame of infamy

  • befuddled

    “After the trucks back up over there, the bundles of tax payer money is off loaded by those union goons in brown pants and come down these rollers, where 1/3 is diverted to your whatever -the-frack-I-wanna-spend-it-on-stash and the rest is secretly shuttled to accounts unknown. ”

    “I love it when a plan comes together.”

  • saveus

    did anyone say impeach? indict?

  • gus

    These patheticallly corrupt QUID PRO QUO deals with Obama bring up a couple of thoughts.

    How did all these CROOKED…PRETEND…WANNNABEEE..BUSINESS DUDES, become his PALS???


    This SH!T is BEYOND CORRUPT. ANDREW STERN of SEIU was the most FREQUENT VISITOR to the WHITE HOUSE, up to his having to RESIGN.

    Explain that LIBTARDS.

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  • Scott

    I don’t know how Solydra failed…I mean, Hussein appointed a self-described communist street agitator as Green Jobs Czar, Van Jones!/sarc

    Note to democrats, Communists don’t know a damn thing about business…They are destroyers with nothing behind the cheap slogans…And please, don’t throw out China as a model of communism. China turned to free markets long ago to save itself. They would have starved otherwise…

  • Arch

    If the government wants to guarantee a loan to a private enterprise, what collateral is the borrower able to provide? What is the probability of default? If this enterprise is so lucrative, why aren’t private investors underwriting it? Who are the competitors?

    Obviously, the answers were available when the loan was made. No collateral. Probability of default was high. Investors weren’t investing due to low demand for the product. Competitors include government subsidized Chinese companies that use slave labor.

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  • catlynn


  • fra

    Nancy Pelosi can’t help it if she gets advice from her son on green jobs to hand out in her own backyard-she probably wanted George Kaiser to give Paul Jr a position at the company; that’s her plan to lower unemployment in Ca by creating more hand outs for her spoiled problem child who cannot hold down any position without his family propping him up-it takes $585M to help Paul Pelosi Jr or at least that much to clean up his green activities and other major business embarrasments

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  • used to work for George Kaiser, until he hired a guy to “clean house”. I believe, as often happens, that the entitled billionaires of the USA get greedy and want to influence the lives of all. I am sure Kaiser gives to many good causes, but all the behind the door stuff with Obama makes me think he is over the edge with this crazy socialist, marxist (by his own words) President. Kaiser is in oil and gas and banking and many other ventures. I suppose this is a itty bitty loss for Kaiser. I wonder if he ever thinks about all his bundling affects the Jews (his people in Israel, since Obama is no friend of the Jewish State

  • grammy anne

    It would be simple to just say ” Vote him out in 2012″, please…spare me. The c*cksucker ( you know who he is…starts with an O and ends with an A…) needs to be tried for crimes against the Nation”. Impeach him? Hell I say “string him up”. Vote Tea Party and get back to what this country needs….The people leading the People

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  • Johnny Texas

    Now, lets’ get a list of the Solyndra Managers and how much they were paid. Where they were in 2008 – 2009 and where they are NOW!

    If you bank with Bank of Oklahoma you are supporting this CRAP!