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Chu takes responsibility for a loan deal that put more taxpayer money at risk in Solyndra
Washington Post ^ | September 29, 2011

Posted on 09/30/2011 4:51:44 PM PDT by sunmars

Energy Secretary Steven Chu acknowledged Thursday making the final decision to allow a struggling solar company to continue receiving taxpayer money after it had technically defaulted on a $535 million federal loan guaranteed by his agency.

Chu spokesman Damien La­Vera said in a statement that the secretary approved the restructuring agreement for Solyndra because it gave the company “the best possible chance to succeed in a very competitive marketplace and put the company in a better position to repay the loan.”

On the political front, Chu’s admission came as some members of Congress were asking whether Chu went too far in trying to help the company before it went into bankruptcy, leaving taxpayers on the hook for the loan.

Chu, a Nobel laureate and physicist who came to the administration from academia, arrived in Washington with a mandate to push billions of dollars in stimulus funds into clean-energy companies and projects. With keen White House interest, Chu rode herd over an $80 billion showcase initiative that was supposed to spur a new “green” industry and economic growth

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


TOPICS: Business/Economy; Crime/Corruption; Front Page News; US: California
KEYWORDS: anotherunderthebus; chu; demclowns; democrat; democrats; energy; obama; ownedbybp; reid; solyndra; solyndragate; specialdeals4bp; stevenchu
Looks like Chu will take the fall for this...sacrificial lamb. I'd say Chu was toast after this. Keep digging folks, this is a long way from over, no scapegoating, dig dig dig. We got them on the ropes.
1 posted on 09/30/2011 4:51:48 PM PDT by sunmars
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To: sunmars

Even if Chu takes the fall on this, all he has to say is “Well, I did win a Nobel Prize ... what about you??” It’s the Politically Correct way to shut off debate, but it still stinks!


2 posted on 09/30/2011 4:55:11 PM PDT by Ken522
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To: sunmars

What does “take responsibility” mean?

Is Chu going to pay the taxpayers back? Does Chu get beaten, tarred and feathered?

Or does he just have to say “My bad” at a press conference and all is forgiven?


3 posted on 09/30/2011 4:55:45 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: sunmars

The wheels on the bus go round, round, round, ...


4 posted on 09/30/2011 4:56:12 PM PDT by Lonesome in Massachussets (Ceterum autem censeo, Obama delenda est.)
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To: sunmars

“Nobel Laureate Under the Bus” by Who Flung Chu


5 posted on 09/30/2011 4:56:43 PM PDT by jobim
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To: sunmars

Bum democrats. At least Bush told these thieves to take a hike.


6 posted on 09/30/2011 4:57:21 PM PDT by onedoug (If)
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To: sunmars

Bus - Chu....Chu - bus......under it....now!


7 posted on 09/30/2011 4:58:28 PM PDT by Gaffer
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To: jobim

ROFLOL!


8 posted on 09/30/2011 4:59:14 PM PDT by Las Vegas Ron (Rush Limbaugh = the Beethoven of talk radio)
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To: sunmars
Looks like Chu will take the fall for this...sacrificial lamb.

No he won't. I'll bet dollars to donuts he is still drawing a gov't paycheck when Obama leaves in mocking disgrace in Jan 2013.

If I'm wrong...well, that good!

9 posted on 09/30/2011 5:00:01 PM PDT by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
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To: sunmars

"Apology accepted, Captain Needa."

10 posted on 09/30/2011 5:02:48 PM PDT by Colonel_Flagg (Barack suffers from ADD -- "Additional Deficit Disorder".)
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To: hattend

Someone must be making rumblings and putting 2 and 2 together, you don’t get admissions like this from Obama’s crew unless someone is getting darn close to putting 2 and 2 together and getting 4.


11 posted on 09/30/2011 5:03:00 PM PDT by sunmars
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To: sunmars

Nah, Chu is safe
Token Cabinet Asian and brilliant Nobel prize winner plus a god of the greenies.

He’s a safe guy to take the fall.

Oops, I’m just a brilliant Nobel prize winning scientist who would ride a bike to work if I wasn’t so important, and I didn’t understand the high finance stuff.

My bad!

d.oh.

One week and the issue is gone.


12 posted on 09/30/2011 5:03:15 PM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: sunmars

This is harry reids baby,he should be perp walked!


13 posted on 09/30/2011 5:03:32 PM PDT by mdittmar (i)
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To: GeronL

Apparently, “taking responsibility” means hiding from the press and Congress, and instead sending out spokesman Damien La­Vera to read a prepared statement.

Look next for a very Clintonian “mistakes were made” brush-off, followed by, um, nothing...


14 posted on 09/30/2011 5:03:32 PM PDT by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
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To: sunmars

Carvel says fire somebody. Chu is a good start.


15 posted on 09/30/2011 5:04:14 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: sunmars; Tunehead54; golux; tubebender; Fractal Trader; Genesis defender; 4horses+amule; ...
 




"Chu Still Have No Clue"

16 posted on 09/30/2011 5:05:13 PM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: sunmars

17 posted on 09/30/2011 5:05:35 PM PDT by Impy (Don't call me red.)
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To: Zeppo

Sounds about typical


18 posted on 09/30/2011 5:05:51 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: sunmars

The Chu Chu stops at the White House!


19 posted on 09/30/2011 5:07:36 PM PDT by HighlyOpinionated (I am a Catholic, A US Citizen, A Patriot, A TEA Partier, An Oath Keeper, A Voter, An Auburn Fan!)
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To: sunmars

Isn’t Chu one of several members of the Baraqqi regime on record in favor of “European” levels of gasoline prices for the US?

Are any Republicans preparing to use that sound bite in 2012 advertising?


20 posted on 09/30/2011 5:09:12 PM PDT by nascarnation
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To: sunmars

Chu falls on his sword.


21 posted on 09/30/2011 5:09:38 PM PDT by YHAOS (you betcha!)
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To: GeronL
What does “take responsibility” mean? Is Chu going to pay the taxpayers back? Does Chu get beaten, tarred and feathered?

Well, Janet Reno took full responsibility for violently murdering 76 men, women and children, by burning them to death.

I think all that meant was that Bill Clinton did not have to wear it. But after all, I think it's proper that he have the moniker of "The Butcher of Waco".

22 posted on 09/30/2011 5:11:08 PM PDT by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: Zeppo
Apparently, “taking responsibility” means hiding from the press and Congress, and instead sending out spokesman Damien La­Vera to read a prepared statement. Look next for a very Clintonian “mistakes were made” brush-off, followed by, um, nothing...

You nailed it.
23 posted on 09/30/2011 5:12:51 PM PDT by rockvillem
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To: jobim

Love it!


24 posted on 09/30/2011 5:17:16 PM PDT by usnadad
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To: usnadad

Chu on this.

This is just a remake of “The day of the Damned”

Each of these “Greenies” is on the watch list.

Now, look inside the corporate shell and just imagine what they’re thinking: “How can we spend this fast on glitz, glitter and give aways to the Execs before we collapse?”

What high Guignol this is.


25 posted on 09/30/2011 5:22:51 PM PDT by plangent
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To: sunmars

Someone needs to do photoshop of Harry Truman “the buck stops here” and Obama where the “buck never stops here”


26 posted on 09/30/2011 5:24:13 PM PDT by traderrob6
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To: sunmars; All

Chu should have to come up with the bling bling to make us taxpayers whole again...from his personal stash.


27 posted on 09/30/2011 5:24:25 PM PDT by Hotlanta Mike (TeaNami)
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To: sunmars

FLASHBACK:

http://articles.sfgate.com/2008-12-11/news/17129916_1_energy-secretary-energy-czar-climate-change/2

Word of Chu’s likely nomination came a day after Obama met with former Vice President Al Gore, also a Nobel Prize winner and one of the world’s leading voices on the fight against global warming.


28 posted on 09/30/2011 5:27:12 PM PDT by maggief
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To: sunmars

Chu is a physicist. He knows quite a bit about black holes.


29 posted on 09/30/2011 5:48:50 PM PDT by Paleo Conservative
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To: sunmars

One on the way down, now I want to see Pelosi and Jarrett. Those two have very dirty hands in this...as does 0bama.


30 posted on 09/30/2011 6:28:17 PM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: sunmars

Bending over and spreading his cheeks for Obama.


31 posted on 09/30/2011 6:55:57 PM PDT by Venturer
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To: sunmars

Obama is going to need another Canadian bus. His current one is pretty messy underneath now.


32 posted on 09/30/2011 6:58:15 PM PDT by matt04
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To: sunmars
then GOTO JAIL do not pass go do not collect $200.00 you RAT scumbag you!!!
33 posted on 09/30/2011 7:54:38 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: sunmars
Pleanty of room under there ....



34 posted on 09/30/2011 10:55:41 PM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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