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Steven Chu Should Lose His Job Over The Solyndra Scandal
Investor's Business Daily ^ | November 17, 2011 | IND staff

Posted on 11/23/2011 5:53:54 PM PST by raptor22

Corruption: The Secretary of Energy takes responsibility for and defends the granting of a half-billion-dollar-loan guarantee to an imploding solar panel maker. But that's not where the campaign donor buck stopped.

In testimony Thursday before the House Energy and Commerce Committee, Steven Chu, caught in a tangled web of administration deceit regarding a $535 million guaranteed loan to Solyndra, tried but failed to continue the administration line that the affair was just a good-faith bet that went bad.

"As the Secretary of Energy, the final decisions on Solyndra were mine, and I made them with the best interest of the taxpayer in mind," Chu claimed in his opening statement. "I want to be clear: Over the course of Solyndra's loan guarantee, I did not make any decision based on political considerations."

If political considerations were not involved, then explain the Oct. 30, 2010, email in which advisers to Solyndra's primary investor, Argonaut Equity, said the Energy Department had strongly urged the company to put off an announcement of looming layoffs until Nov. 3, the day after the midterm elections in which President Obama's failed stimulus was a hot issue.

In point of fact, newly disclosed emails show Democratic fundraiser and Solyndra investor George Kaiser talked directly with White House officials about the now-bankrupt solar company's $535 million loan guarantee from the Department of Energy.

Kaiser, a major Obama bundler and backer who raised $50,000 to $100,000 for the president's election campaign, was one of Solyndra's primary investors. Kaiser himself donated $53,500 to Obama's 2008 election campaign, split between the DSCC and Obama for America.

(Excerpt) Read more at news.investors.com ...


TOPICS: Crime/Corruption; Editorial; Government
KEYWORDS: chu; corruption; ibd; impeach; obamafail; solyndra; stevenchu; stimulus

1 posted on 11/23/2011 5:53:57 PM PST by raptor22
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To: raptor22

There were apparently a lot more loans to failed companies owned by Obama donors. This is much bigger than Solyndra.


2 posted on 11/23/2011 5:56:09 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: raptor22

So he gets to throw himself on his sword to protect you know who?

Yeah, we’ll all be fooled by that.


3 posted on 11/23/2011 5:59:19 PM PST by maine-iac7 (ALWAYS WATCH THE OTHER HAND)
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To: raptor22

If Eric Holder still has his job, this guy has no worries....


4 posted on 11/23/2011 6:04:24 PM PST by Lysandru
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To: raptor22
If da boss-man picked
you can't convict.

He da contributor
I da distributor.

5 posted on 11/23/2011 6:28:21 PM PST by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: raptor22

Chu? Lose his job?

Obama should be in prison for this.


6 posted on 11/23/2011 6:43:33 PM PST by turfmann
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To: raptor22
Chu may be somewhat good at some science but he was not picked for that. He was picked because he was an academic who was easily played. He lacks political skills and business skills. There is really nothing special about Chu. He is one of countless saps Obama and the Chicago gang brought in to Washington ONLY because they have no idea what the game is all about. It is a simple game that any wise guy knows. It is called busting out a business. But in this case it is the US Treasury.

Chu will be the last one to figure out what was going on, what is going on and what is going to happen next.

7 posted on 11/23/2011 6:48:15 PM PST by isthisnickcool (Sharia? No thanks.)
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To: GeronL
Ooops, 500 million to Solyndra goes "poof" we have NO idea where it went,even though employees are getting 13K "bonuses" from a bankrupt company. Just like 1.7 BILLION disappears from Jon Corzines MF company. We have NO idea where the money went. For some UNKNOWN reason, these are huge Obama donors. It's inconceivable that this was a money laundering operation for 2012, isn't it?

Ah, yes, remember when GW Bush had a slush fund of a cool billion in 2004. From anonymous oil barons. I remember it well. Oh, wait, I don't.

8 posted on 11/23/2011 7:34:52 PM PST by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: raptor22

That and being clueless. The Nobel Prize should have been a clue.


9 posted on 11/23/2011 7:46:24 PM PST by depressed in 06 ( Where is the 1984 Apple Super Bowl ad when we need it?)
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To: raptor22

Chu should be ridiculed for wanting to paint all the roof tops and roads in the world white.

What a Brainiac Doofus.


10 posted on 11/23/2011 8:32:56 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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