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Obama gave RFK Jr. $1.4 Billion bailout for solar company.
Big Govt ^ | 11/16/2011 | Wynton Hall

Posted on 11/16/2011 9:22:41 AM PST by GlockThe Vote

President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official.

It’s just one more in a string of eye-opening revelations by investigative journalist and Breitbart editor Peter Schweizer in his explosive new book, Throw Them All Out.

The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle.

Wagle was one of the principals in Kennedy’s firm who raised money for Barack Obama’s 2008 presidential campaign. When Obama won the White House, Wagle was installed at the Department of Energy (DOE), advising on energy grants.

From an objective vantage point, investing taxpayer monies in BrightSource was a risky proposition at the time. In 2010, BrightSource, whose largest shareholder is Kennedy’s VantagePoint Partners, was up to its eyes in $1.8 billion of debt obligations and had lost $71.6 million on its paltry $13.5 million of revenue.

Even before BrightSource rattled its tin cup in front of Obama’s DOE, the company made it known publicly that its survival hinged on successfully completing the Ivanpah Solar Electrical System, which would become the largest solar plant in the world, on federal lands in California.

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


TOPICS:
KEYWORDS: bailouts; bho44; bhoenergy; bhofascism; brightsource; chu; corruption; democrats; doe; energy; fail; fundingtheleft; green; greenjobs; kennedy; obama; rats; rfkjr; sanjaywagle; solar; solargate; wagle
WTF!!!!
1 posted on 11/16/2011 9:22:44 AM PST by GlockThe Vote
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To: GlockThe Vote

RFK, Jr. is dumber than a box of hair.

He can’t count either.

However, he CAN pay his salary with my tax money.

Putz.


2 posted on 11/16/2011 9:25:16 AM PST by RexBeach
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To: GlockThe Vote

It’s not corruption when Saints do it.


3 posted on 11/16/2011 9:25:16 AM PST by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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To: GlockThe Vote

If we had a Congress, impeachment would have been underway a long time ago.


4 posted on 11/16/2011 9:25:46 AM PST by EagleUSA
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To: GlockThe Vote

Another one?????


5 posted on 11/16/2011 9:27:15 AM PST by abner (I have no tagline, therefore no identity.)
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To: GlockThe Vote

Oh yes, if you have not noticed by now, the entire “GREEN SUPPORT EFFORT” is nothing more than a money laundering scheme for Obama re-election and paybacks from stolen money from the taxpayers.

But most have already figured it out.....(/s)


6 posted on 11/16/2011 9:29:16 AM PST by EagleUSA
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To: abner

Yup!


7 posted on 11/16/2011 9:29:27 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

This is surprising? This IS surprising. Croney capitalism ? Democrat Rape of the taxpayer.


8 posted on 11/16/2011 9:30:53 AM PST by Safetgiver (I'd rather die under a free American sky than live under a Socialist regime.)
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To: GlockThe Vote

These people should be in jail! They should be serving time for defrauding and STEALING taxpayer monies!


9 posted on 11/16/2011 9:32:25 AM PST by LibFreeUSA (Pick Your Poison)
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To: EagleUSA
Remember those billboard trucks used during the Clinton regime to get the word out? I'm thinking that we should start chipping in and get a few of them on the ground highlighting these outrageous crimes!

"Here's your Hope & Change!" - a list some of the cronyism

10 posted on 11/16/2011 9:32:35 AM PST by NativeSon
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To: Safetgiver

There are no words left for my hatred of this communist thug.


11 posted on 11/16/2011 9:32:36 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

I have said several times before, if they ever get around to following the money from the stimulus bill, etc., they will find a massive funding of Democrat’s campaign coffers and a concentration of funds going to Democrat donors. It was all a huge scam from the get-go. But what would you expect from a bill written by Democrats, for Democrats, and signed into law by a Democrat?

Follow the money, and never let it happen again by exercising my tagline at the first opportunity.


12 posted on 11/16/2011 9:32:36 AM PST by Norseman (Defund the Left-Completely!)
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To: GlockThe Vote

Thick as thieves. Remember the Chicago Climate Exchange?

http://whatreallyhappened.com/WRHARTICLES/shorebank.php


13 posted on 11/16/2011 9:32:53 AM PST by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: GlockThe Vote

The U.S. government is nothing but a cash cow for our congress critters.


14 posted on 11/16/2011 9:33:17 AM PST by DefeatCorruption
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To: Safetgiver

The Kennedy’s have had a lot of financial woes, they have struggled making their payments. I probably think that Whose Sane guy knows about their need. Why not! Soak ‘em all, and pay off your friends. Avoid the Reap what you Sow concept.


15 posted on 11/16/2011 9:34:06 AM PST by rovenstinez
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To: Norseman

Yep. Just as we suspected. One, big slush fund.


16 posted on 11/16/2011 9:35:14 AM PST by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: GlockThe Vote

I am worn out with this stuff. Face it, it is criminal and nobody does a damn thing about it.


17 posted on 11/16/2011 9:35:43 AM PST by dforest
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To: GlockThe Vote

Jail!

Yes, that’s the final answer.


18 posted on 11/16/2011 9:37:27 AM PST by Balata (It's 'WE THE PEOPLE' Obama, not 'WE THE SHEEPLE'!)
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To: GlockThe Vote

all of these people belong in jail.


19 posted on 11/16/2011 9:39:34 AM PST by ken21
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To: EagleUSA

Green = Democratic money laundering scheme

Unions = Democratic money laundering scheme

Why do we have a budget deficit?


20 posted on 11/16/2011 9:40:09 AM PST by 1010RD (First, Do No Harm)
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To: indylindy
I am worn out with this stuff. Face it, it is criminal and nobody does a damn thing about it.

You and me both. I am so GD sick and tired of Obama and crew doing whatever the hell they want, and nobody seems to care. Might as well make the SOB dictator for life and be done with it.

Of course, if we had a Congress worth a s##t he and Holder both would have been out on their a## a long time ago.

21 posted on 11/16/2011 9:41:13 AM PST by Marathoner (Occupy Wall Street = Useful Idiots on Parade)
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To: ken21

These are the people who want to run our lives!!!!


22 posted on 11/16/2011 9:41:19 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: abner

From October:


http://northshorebeacon.com/jt-council-addresses-cm-energies-criminal-investigation-p196-89.htm

JT Council Addresses CM Energies Criminal Investigation
October 20, 2011

In a specially called meeting this morning, the Jonestown City Council addressed a single agenda item: a $2 million wind energy grant that is the focus of an ongoing criminal investigation.

After convening at 9 a.m., the council went almost immediately into executive session to, according to the agenda, consult with the city attorney concerning a grant application involving CM Energies, the city of Jonestown and $2 million in federal funds. Based on legal considerations, the executive session was not attended by either Mayor Deane Armstrong or Alderman Lance Wedell.


23 posted on 11/16/2011 9:41:42 AM PST by Arrowhead1952 (Dear God, thanks for the rain, but please let it rain more in Texas. Amen.)
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To: 1010RD
Why do we have a budget deficit?

What do you mean budget deficit? We don't even have a budget for at least the last two years.

24 posted on 11/16/2011 9:44:42 AM PST by Balata (It's 'WE THE PEOPLE' Obama, not 'WE THE SHEEPLE'!)
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To: Arrowhead1952

Holder was definatelu put in there to stop any prosecution of any fraud at all.

FU OBAMA AND EVERY PIECE OF TRASH WHO VOTED FOR THIS!


25 posted on 11/16/2011 9:45:18 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote
I've said it before but it bears repeating.

All of the “green energy” projects funded by the Obama Administration have nothing to do with energy. They are merely a means to provide taxpayer money to friends and political allies.

26 posted on 11/16/2011 9:48:29 AM PST by detective
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To: GlockThe Vote

Two-faced Obama strikes again.


27 posted on 11/16/2011 9:50:17 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: GlockThe Vote

“In 2010, BrightSource, whose largest shareholder is Kennedy’s VantagePoint Partners, was up to its eyes in $1.8 billion of debt obligations and had lost $71.6 million on its paltry $13.5 million of revenue.”

Gee. I wonder how much of the $71.6 million “lost” was found in RFK Junior’s bank accounts. Brightsource takes in $1 million per month and spends $12 million per month. RFK Junior is my nominee for the most despicable Kennedy of all time. The guys is a mega crook and a mega a@@^*#e.


28 posted on 11/16/2011 9:52:36 AM PST by forgotten man (forgotten man)
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To: GlockThe Vote

Is there a list of these monies to green companies somewhere online? I need to find out if a certain company is getting stimulus dollars or secured loans.


29 posted on 11/16/2011 9:56:09 AM PST by bgill (The Obama administration is staging a coup. Wake up, America, before it's too late.)
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To: GlockThe Vote
CM energies has some decent looking generators. They are available in 50 and 100 KW models now. The Jonestown project just cost too much for a single generator. This is less than 10 miles from my home.


30 posted on 11/16/2011 9:57:06 AM PST by Arrowhead1952 (Dear God, thanks for the rain, but please let it rain more in Texas. Amen.)
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To: GlockThe Vote

These sleazebags make Enron look like child’s play.


31 posted on 11/16/2011 9:59:07 AM PST by pallis
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To: pallis

And all we get is Cain bashing 24 7 as if that is the most important issue.


32 posted on 11/16/2011 10:01:10 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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33 posted on 11/16/2011 10:08:36 AM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Arrowhead1952

FUBO!!!

So sick of this scumbag.


34 posted on 11/16/2011 10:10:40 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote
Any one want to bet what is left of old Joe Kennedy's liquor money is in this scam?
35 posted on 11/16/2011 10:10:53 AM PST by scooby321
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To: GlockThe Vote

None of these crooks must be allowed to flee the country because one day soon, they’ll be ours.


36 posted on 11/16/2011 10:19:44 AM PST by crosshairs (Liberalism is to truth, what east is to west.)
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To: GlockThe Vote
Had the thought a few weeks ago, that Obama is deliberately targeting non-viable companies for all this bailout money. Our money is being deliberately wasted, looted.

This is also what the Global Warming scam is all about, looting taxpayers world wide.

Hillary's new energy branch within the State Dept: same thing. One way or another, they're determined to loot us, while the so-called Republicans sit there with their thumbs up their behinds. Wink wink, nod nod, slap on the back.

37 posted on 11/16/2011 10:23:18 AM PST by FlyVet
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To: GlockThe Vote

It’s for the children.


38 posted on 11/16/2011 10:25:18 AM PST by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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To: GlockThe Vote

WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!
WTF!!!!


39 posted on 11/16/2011 10:28:32 AM PST by dennisw (I heard the old man laughing What good is a used up world and how could it be worth having-Sting)
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To: dennisw

Its totally nuts.


40 posted on 11/16/2011 10:31:21 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: dennisw

3 times as big as solyndra!


41 posted on 11/16/2011 10:32:04 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

42 posted on 11/16/2011 11:04:50 AM PST by Signalman
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To: Marathoner

I hear you. Everyday it gets rubbed in our faces how the criminal class is screwing us.

Maybe so many of them are so corrupt that nobody is left who is in any position to fight it.

I think it is just too late to save this freaking mess.


43 posted on 11/16/2011 11:11:01 AM PST by dforest
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To: GlockThe Vote
...But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

The solution is 235 years old.

44 posted on 11/16/2011 11:24:35 AM PST by DTogo (High time to bring back the Sons of Liberty !!)
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To: EagleUSA

Tar and feathers and then run out of town on a rail would be far better for this bunch.


45 posted on 11/16/2011 11:25:46 AM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Signalman

Nice pic


46 posted on 11/16/2011 2:05:12 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

http://www.freerepublic.com/focus/f-bloggers/2808523/posts

Obama fraud


47 posted on 11/16/2011 2:42:28 PM PST by OPS4 (Ops4 God Bless America!Jesus is Lord!)
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To: GlockThe Vote

bump


48 posted on 11/16/2011 6:10:44 PM PST by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: All


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49 posted on 11/16/2011 6:11:46 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: GlockThe Vote; Signalman

From a famous (and very good) movie starring Robert Mitchum. Know which one?


50 posted on 11/18/2011 3:14:04 PM PST by ProtectOurFreedom
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