Skip to comments.SolarGate
Posted on 09/06/2011 5:11:53 PM PDT by Kaslin
Corruption: A top bundler and major investor in a now-bankrupt green company made multiple White House visits before he got a guaranteed stimulus loan that the administration monitored to ensure it was granted.
During the Clinton administration, when the Lincoln Bedroom in the White House became a favorite place for campaign contributors to rest their weary wallets, the infamous Johnny Chung made the observation that the White House was like a subway turnstile. You put your token in and you got inside.
Getting inside the White House was easy for billionaire investor George Kaiser, who made multiple visits to the White House and appeared at White House events next to administration officials. One of the prime investors in the green energy company Solyndra, Kaiser put quite a few tokens in the White House turnstile.
As the Daily Caller reports, Kaiser himself donated $53,000 to Barack Obama's 2008 election campaign, divided between Obama for America and the Democratic Senatorial Campaign Committee. A world-class bundler, Kaiser also raised $50,000 to $100,000 from others for the senator's campaign.
Despite a warning from Solyndra's own accountants at PricewaterhouseCoopers that the company's business model was suspect and raised "substantial doubt about its ability to continue as a going concern," President Obama visited the company and gave it a glowing endorsement as a government-picked winner alongside electric cars and high-speed rail.
Despite its spotty business record, Solyndra was the first recipient of green stimulus cash in the form of a $535 million guaranteed loan. The loan not only escaped serious scrutiny, according to the Government Accountability Office, but also was despite denials by White House officials fast-tracked by an administration that monitored every step in the process.
(Excerpt) Read more at investors.com ...
I’m so glad Morley Safer and the crew at 60 Minutes are all over this.
The list, ping
Let me know if you would like to be on or off the ping list
Start a solar company, get a guaranteed government loan, pay yourself an exorbitant salary, hire your friends, hire your family, go bankrupt and default on the loans.
Now... where exactly is there a problem here? Other than that I missed out on the racket?
Nothing = Impeachment in this day and age.
Solyndra is just too obviou, but there are a lot of other companies out there getting money from stimulus and such that did squat with it (like weatherization programs).
I wonder if Merck is on the list somewhere.
Add me please
Ping please, thanks!
Im so glad Morley Safer and the crew at 60 Minutes are all over this.
no /s necessary on that one.
I’d like to see this: Ok, boys and girls you are going to give me an impeach obama show, and if it doesn’t stick you are all out of a job.
ENOUGH with the stupid _____gate crap!
at work and play!
She talked about it the other day - that getting rid of Crony Capitalism would be her goal (and she laid out how to do it )and with these deals coming to light, more people are going to understand it.
This is what she cleaned up in Alaska - and politicians went to jail...including republicans. She took on corruption wherever she found it.
And THAT is exactly what we need in DC if we are to survive as a country. And THAT is exactly why, not only the Rats are death on her and scared to death of her, but so are the establishment pubbies. They know she won't turn the other way just because it's them doing the dirty deals.
We need to work like mad to help her and to get her all the new reps in DC we can. She may be the last hope we have to save our country and our freedoms.
Time to sweep house - both houses. We need to use a broom for our logo - and get miniature doll house brooms - coat them with gold paint and glue a pin on the back - wear them everywhere. Good conversation starter.
Logo: House Cleaning Time: SWEEP HOUSE.
It’s not corruption, crony capitalism, fascism, or illegal if DONE-WHILE-DEMOCRAT!
Just ask anyone in the mainstream media...
Pulitzer prizes O plenty going unclaimed.
"We gave them $535 mill for this piece of junk."