Skip to comments.Solyndra: What the President Knew and When He Knew It
Posted on 09/28/2011 11:31:48 AM PDT by Nachum
Until now the Solyndra scandal only reached the White House in the guise of e-mails from staffers fretting about the political implications of the disastrous bankruptcy and how it would reflect on the Presidents Winning the Future rhetoric.
Until now, the Solyndra scandal was a circumstantial log of White house visits by a big Obama donor who also was the failed solar companys chief investor (those visits occurring right before a half-billion dollar loan guarantee was awarded by Obamas Dept. of Energy).
Until now, the White Houses direct involvement in the Solyndra scandal appeared to be over-zealous operatives looking to speed-up the loan so Vice President Biden could have a nice photo-op at the doomed solar firm.
Now, we know much more.
According to an investigation by the Los Angeles Times, President Obama was warned nearly a year ago that Energy Secretary Stephen Chus department was not rigorous enough in vetting loan recipients and they ran the risk of funneling federal money to companies that shouldnt receive it, or didnt need it. And the warnings came from the Presidents top economic advisers Lawrence Summers and Timothy Geithner.
Summers and Geithner also warned about the overall risks involved in relying so heavily on pumping federal stimulus money into unproven programs and technologies which would not have any lasting positive effect on the moribund economy and the stagnant job picture in America.
The divisions foreshadowed a question that has emerged since Solyndras bankruptcy: Was the programs vetting process thorough enough? The disagreements also spotlighted an issue that has confronted Obama since he took office: What is the appropriate role of the government in stimulating the private marketplace?
(Excerpt) Read more at biggovernment.com ...
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.... and what else he knows:
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan
Posted by Jim Hoft on Wednesday, September 28, 2011, 12:14 PM
Very good link. Thanks for the tip.
solargate. solargate. solargate.
when will the post be sending woodward and bernstein after this?
Obama reminds me of that robber. He has "used the juice" which allows him to do whatever he wants to with no concern for laws, courts or congress. Sadly, so far, it's working.
The probability of someone watching you is directly proportional to the stupidity of your actions. Unknown
fastandfuriousgate,solyndragate,aidingandabettingterroristsgate where to start?
Ha. Here are a few places to start....
Goldman/Sachs in the White House/Gate
Obama and Agenda 21/Gate (a personal favorite)
Just a few... :)
Wow excellent job! Only thing I see missing off hand is WALPINGATE-MO and americorps.The firing of IG Gerald Walpin to SILENCE his finding of corruption in Obama and MO.