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SolarGate
IBD Editorials ^ | September 6, 2011 | Staff

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 ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Editorial; Politics/Elections
KEYWORDS: corruption; energy; greenjobs; ibd; ibdenergy; impeach; obama; solargate; solarpower; solyndra

1 posted on 09/06/2011 5:11:54 PM PDT by Kaslin
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To: Kaslin

ping


2 posted on 09/06/2011 5:14:33 PM PDT by Wuli
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To: Kaslin

I’m so glad Morley Safer and the crew at 60 Minutes are all over this.


3 posted on 09/06/2011 5:15:48 PM PDT by NY.SS-Bar9
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


4 posted on 09/06/2011 5:17:53 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Kaslin
Solyndra = Impeachment
5 posted on 09/06/2011 5:19:55 PM PDT by Recon Dad ("Don't forget, incoming fire has the right of way..")
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To: Kaslin

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?


6 posted on 09/06/2011 5:23:12 PM PDT by Pelham ("Resist we much!" - Al 'Jiffypop' Sharpton)
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To: Recon Dad

Nothing = Impeachment in this day and age.


7 posted on 09/06/2011 5:23:41 PM PDT by johniegrad
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To: Kaslin

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).


8 posted on 09/06/2011 5:25:33 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Recon Dad

I wonder if Merck is on the list somewhere.


9 posted on 09/06/2011 5:26:30 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Nachum

Add me please

Thanks


10 posted on 09/06/2011 5:26:46 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: Kaslin
Photobucket
11 posted on 09/06/2011 5:26:53 PM PDT by Huskrrrr
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To: Nachum

Ping please, thanks!


12 posted on 09/06/2011 5:27:43 PM PDT by Huskrrrr
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To: NY.SS-Bar9

I’m 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.


13 posted on 09/06/2011 5:29:57 PM PDT by wita
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To: Kaslin

SolarGate?!?

ENOUGH with the stupid _____gate crap!


14 posted on 09/06/2011 5:35:16 PM PDT by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Ping


15 posted on 09/06/2011 5:56:48 PM PDT by raptor22 (Join me on Twitter @gerfingerpoken)
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To: Kaslin; SunkenCiv
Your tax dollars,
at work and play!

16 posted on 09/06/2011 6:30:40 PM PDT by SmithL
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To: Kaslin
SARAH is SO far; out in front with ‘Crony Capitalism’.

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.

http://zoolabees.com/index.php?main_page=product_info&products_id=876

17 posted on 09/06/2011 6:56:09 PM PDT by maine-iac7 (ALWAYS WATCH THE OTHER HAND)
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To: Kaslin; All

Remember folks!
It’s not corruption, crony capitalism, fascism, or illegal if DONE-WHILE-DEMOCRAT!
Just ask anyone in the mainstream media...


18 posted on 09/06/2011 7:29:14 PM PDT by tcrlaf (Democrats have been OUTFORCING America's jobs for 40 years)
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To: Kaslin

Pulitzer prizes O plenty going unclaimed.


19 posted on 09/06/2011 7:37:42 PM PDT by TASMANIANRED (We kneel to no prince but the Prince of Peace)
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To: All
Obama with Solyndra CEO Chris Gronet, at Solyndra, Inc, Fremont, Calif.
The solar panel facility, received a $535 million loan from the US govt and
announced layoffs of 1,100 workers and plans to file for bankruptcy.
(AP/Alex Brandon. May 26, 2010 file photo.)

"We gave them $535 mill for this piece of junk."

20 posted on 09/06/2011 7:49:38 PM PDT by Liz (The rule of law must prevail. We can’t govern ourselves by our personal point of view.)
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To: Kaslin
How much of the $535 million was invested in Solyndra—how much was simply looted? To understand Obama is to realize he is first and foremost a crook.
21 posted on 09/06/2011 8:40:37 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: johniegrad

If it were only about sex, we would have him.......never mind.


22 posted on 09/06/2011 9:15:39 PM PDT by itsahoot (--I will still vote for Sarah Palin, even if she doesn't run.--My vote is already bought, so move on)
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To: Liz

The thing Obama is looking so intently at is just a conveyor belt. In a working factory, there are products being moved along it, not that he has ever been in a working factory.


23 posted on 09/07/2011 2:32:03 AM PDT by jmcenanly
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To: Kaslin
HOW did they burn thru 535 MILLION DOLLARS so QUICKLY??? WHERE DID IT GO???
24 posted on 09/07/2011 3:02:53 AM PDT by Ann Archy (Abortion is the Human Sacrifice to the god of Convenience.)
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