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Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan
Gateway Pundit ^ | September 28, 2011 | Jim Hoft

Posted on 09/28/2011 2:26:47 PM PDT by opentalk

It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.

Team Obama is spending $737 million to create 45 permanent jobs. The Hill reported, via Free Republic:

The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.


(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: ethics; govcontracts; insanearrogance; lootingamerica; moneylaundering; obama; pelosi; reid; solargate

1 posted on 09/28/2011 2:26:54 PM PDT by opentalk
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To: opentalk

Isn’t this illegal as well as unethical, or does that not matter anymore?


2 posted on 09/28/2011 2:29:10 PM PDT by mapmaker77
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To: opentalk

Do Senators Issa and Grassley know this?

Obama is a) shameless and b) hoping these companies will look OK going into Nov. 2012 so he can say “Look, venture is risky, but it is worth it for the investments that work out.”


3 posted on 09/28/2011 2:30:01 PM PDT by Pearls Before Swine
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To: opentalk

Isn’t this illegal as well as unethical, or does that not matter anymore?


4 posted on 09/28/2011 2:30:25 PM PDT by mapmaker77
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To: opentalk
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan

The Secret Government Bank That's Financing More Solyndras

.

5 posted on 09/28/2011 2:31:19 PM PDT by Elle Bee
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To: Pearls Before Swine; opentalk

I think you have hit upon something. The government has become a venture capital firm with the taxpayer money and without the due diligence.


6 posted on 09/28/2011 2:34:58 PM PDT by killermosquito (Buffalo, Detroit (and eventually France) is what you get when liberalism runs its course.)
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To: Elle Bee

Thanks, missed it.


7 posted on 09/28/2011 2:35:45 PM PDT by opentalk
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To: mapmaker77

and why are republicans letting this through without some kind of FIGHT!?


8 posted on 09/28/2011 2:39:28 PM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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To: rokkitapps

Seems both sides are corrupt


9 posted on 09/28/2011 2:41:04 PM PDT by opentalk
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To: opentalk

Being built in Nevada!

I wonder if Dingy Harry’s greasey little hands are in this also??


10 posted on 09/28/2011 2:46:25 PM PDT by Noob1999 (Loose Lips, Sink Ships)
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To: killermosquito
The government has become a venture capital firm with the taxpayer money and without the due diligence.

True, and I would add it's a little worse than that. The selection policy is guided by political cronyism and the Green religion. It's worse than just carelessness with respect to due diligence--it's got factors that bias toward bad investment selection more than just ignorance or chance.

11 posted on 09/28/2011 2:47:35 PM PDT by Pearls Before Swine
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To: opentalk

I’ve been from Tucson to Tucumcari

Tehacepi to Tanapah

Driven every kind of rig that’s ever been made

I’ve driven the back roads so I won’t get weighed

And if you give me weed whites and wine

and you show me a sign

I’ll be willin to keep moving

Just reminded me of Jon Randall....


12 posted on 09/28/2011 2:52:23 PM PDT by onona (Words spring songs in my head, what can I say ?)
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To: Noob1999

Of course Reid hands are in it!


13 posted on 09/28/2011 2:59:14 PM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: mapmaker77
Isn’t this illegal as well as unethical, or does that not matter anymore?

All that matters right now is the next election. Everything he does between now and then will be calculated to either funnel money to supporters that will launder it and send it back to their campaign coffers or pay for campaign workers, or pander to special interest groups in exchange for votes come next November.

14 posted on 09/28/2011 3:01:55 PM PDT by tacticalogic
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To: opentalk

And, the stench of Obama’s corruption just gets worse.

Pity that the ‘Pubbies lack the cajones to impeach him and send him into political oblivion . . . . . or prison, I’m fine with either one (although prison is a very appealing option).


15 posted on 09/28/2011 3:02:06 PM PDT by DustyMoment (Congress - Another name for white collar criminals!!)
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To: opentalk

Does the Constitution allow for citizen arrests for members of the executive branch?


16 posted on 09/28/2011 3:03:40 PM PDT by samadams2000 (Someone important make......The Call!)
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To: rokkitapps
and why are republicans letting this through without some kind of FIGHT!?

As far as I know all of this money was allocated by the previous Congress and signed into law by Obama (read stimulus), so it is in the system already. Apparently the current Congress can't stop it.

17 posted on 09/28/2011 3:09:46 PM PDT by WHBates
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To: WHBates

They could still have hearing, or bring a bill up in the house to get the money de-allocated, I know it would fail in the senate, but the republicans seem to not play politics at all on that level.


18 posted on 09/28/2011 3:17:33 PM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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To: killermosquito

Venture capital? More like political payoffs and laudering taxpayer money that will be recycled back into Democrat coffers.


19 posted on 09/28/2011 3:19:04 PM PDT by kabar
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To: rokkitapps

Not to argue but they are holding hearings, that is why all of this is being discussed. But in this case the loan was just made today.


20 posted on 09/28/2011 3:35:13 PM PDT by WHBates
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To: WHBates

I believe I read somewhere , that Nancy Pelosi’s husband Blum, I think that’s his name, is also tied in with Solyrna.

It’s no wonder they are pushing green so hard, They are deeply invested in it,. Much like Al Gore, and it is our money being used, not theirs.


21 posted on 09/28/2011 4:03:32 PM PDT by Venturer
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To: opentalk

It would be wonderful if Pelosi and Reid get caught up in this brewing scandal. It would be even better if the friggin’
pubbies would get off their arses and investigate it.

IMHO silence equals collusion, so if they don’t do something about this they are equally guilty.


22 posted on 09/28/2011 4:07:48 PM PDT by WePledge (Ich werde fur immer ein Hollenhund werden. Semper Fidelis)
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To: WHBates

I remember solyndra hearings, but haven’t heard about the latest stuff. Thanks for the info.


23 posted on 09/28/2011 6:57:01 PM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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