On May 26, 2011, the White House posted this video praising Solyndra as a Recovery Act success story. In August, Barack Obama’s gleaming example of green technology – Solyndra – filed for bankruptcy. The solar panel manufacturer squandered $535 million of stimulus money in a little over a year.

Why Solyndra?
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. And top Solyndra officials also made numerous visits — 20 — to the White House, according to logs and reporting by The Daily Caller. Solyndra officials in the logs included chairman and founder Christian Gronet and board members Thomas Baruch and David Prend. The company secured the $535 million loan despite the fact that it was widely known Solyndra was in deep economic trouble and had negative cash flows since its inception.

Kaiser said he did not use political influence or talk to administration officials about a massive government loan to Solyndra. However, the Solyndra investor made multiple visits to the White House in the week before the Department of Energy approved a $535 billion guaranteed loan to Solyndra on March 20, 2009


(Solyndra)

But, Barack Obama had no regrets.

In fact, Barack Obama was so impressed with the failed solar company that the administration wanted to give it another $469 million on top of the $535 million to make it an even billion dollars in taxpayer cash.

Now we find out that another one of Barack Obama’s top donors was involved in pushing the deal.
One of Barack Obama’s top bundlers pushed the administration to approve the Solyndra deal as his wife’s law firm represented the the solar company.
ABC reported:

An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.

“How hard is this? What is he waiting for?” wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. “I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this.”

Many of the emails were written just days after Spinner accepted a three-page ethics agreement in which he pledged he would “not participate in any discussion regarding any application involving [his wife's law firm] Wilson [Sonsini Goodrich & Rosati].”

The $535 million loan to Solyndra was ultimately approved in 2009 and for months was touted by President Obama as a model of his efforts to create new jobs in the emerging field of clean energy. But in late August, the company abruptly shut its doors and days later declared it was filing for bankruptcy.

 

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  1. What is all the fuss about?!?

    We hired a Chicago crook — er,politician — to run the country. He is performing exactly as expected.

  2. Hawaii Court Sets Hearing About Obama’s Missing Birth Certificate: Fox News Reporter Will Be In Attendance

    http://obamareleaseyourrecords.blogspot.com/2011/10/hawaii-court-sets-hearing-about-obamas.html

  3. ABC doing real journalism investigating into Obama and the Solyndra scandal, that’s a sure sign of the end times.

  4. CNN reporter Brianna-something had the story incomplete. She reported on the restructure of he loan but not why. At least I didn’t hear it. That it was to move the private investors ahead of the taxpayers.A big change. She reported like it was all ‘situation normal’.
    maybe the protestors in the BD have a point about the money being pulled out of the economy.
    But where are these “investors banking this money and can it besiezed? At least temporarily, like Madoff money, until family and friends get squeezed for info

  5. Hope and change…

    You’ve been bamboozled and hoodwinked

    http://www.disclose.tv/action/viewvideo/14708/You_Been_Hoodwinked__/

  6. It looks like Walton’s got money in it.

    The Solyndra – Walmart Connection
    link@:http://nlpc.org/stories/2011/09/28/waltons-solyndra-and-political-persuasions

  7. Can you just imagine what the recipients of this government giveaway have to say when they are out of ear shot of the obama administration. “and we were told he’s brilliant, haaaaa”. “The MSM built him up to be articulate, Haaaaaaaaaaa”. “He has a Harvard degree, Haaaaaaaaa.” “He thinks that green energy is free, Haaaaa”. “But the best is he believes his energy Czar Steven Chu know whet he’s talking about”. HAAAAAAAAAAAAAAAAAAAA

  8. ++

    via Rush

    you should have heard the list of behind the scene “conflict of interest”
    workings going on between legislators, businesses & the judicial system..

    ==

  9. Can we call it graft yet?

    How about dirty graft?

  10. Most corrupt administration ever.
    Gee, they’re just like…Soviets.

  11. ++

    Valerie #9 October 7, 2011 at 5:36 pm

    how about..

    “if only they swallowed that Global Warming crap
    right off the bat, we’d all be billionaire’s by now”

    ==

  12. The corruption is bad but it is penny ante compared to the stupidity.

  13. ++

    ebayer #5 October 7, 2011 at 5:08 pm

    if only he was for real, we all could believe..

    but he’s the furthest thing from realty one could ever imagine,
    he is a soulless creature who thrives on solidifying hatred.. :-(

    ==

  14. I’d like to know how much money was skimmed from this ONE deal…

    there are hundreds more I think as well.

  15. John commented:
    I’d like to know how much money was skimmed from this ONE deal…
    ++++
    …specially when the California Democratic Party is listed as one of the creditors of Solyndra,
    and the said CDP never invested any money in Solyndra .
    I’m sure when the creditors are paid , CDP will get a big chunk against it’s ZERO investment
    while the taxpayers get a punch in the face for more than
    half a billion we ” invested ” !

  16. Issa: Heads should roll over ‘Fast and Furious’
    Releases new video demanding someone be ‘held accountable’ for deadly program

    Read more: Issa: Heads should roll over ‘Fast and Furious’ http://www.wnd.com/?pageId=353153#ixzz1a8o8bPdb

  17. ++

    dare i say it, because i know the first
    3 words are a lie, eh, what the heck..

    WAKE UP OBAMA – WE THE PEOPLE ARE THE ONLY
    THING STANDING BETWEEN YOU & LIFE IN PRISON

    ==

  18. “No lobbyist will be part of this administration!” Obama is just a hypocrite and imbecile. His administration is being overrun by lobbyists looting the Treasury with his blessings. Any indictment coming?

  19. crony socialism at work. give money to the politicans and the politicans give you the taxpayers money. no competition necessary.



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