Order Signed by the President regarding the Acquisition of Four U.S. Wind Farm Project Companies

White House ^ | 9/28/12 | Obama

[EBH]

OK...so it is a windfarm...but WTH!

Credible evidence? "in my opinion"

Rule of law?

[Sacajaweau]

Looks like they’re seizing it.

[arrogantsob]

Didn’t pay enough graft to get this deal through.

[DoughtyOne]

A shaman came to him in a dream...

[EBH]

I see that too! Under the guise of National Security?

[Cringing Negativism Network]

It’s a start.

[EBH]

Those 3 executive orders from March 2012 are doing a lot of damage!

[DannyTN]

It’s close to a military installation.
Chinese could monitor it from there.

[dforest]

Will anyone stand up and stop this POS? Anyone? Hello? Are ya out there?

[DannyTN]

Besides, China doesn’t let us own firms in China. At best a minority interest. China shouldn’t be allowed to buy any U.S. firm.

[ican'tbelieveit]

On the face of it, might not be a bad thing, chinese nationals near a military base? But why?

[X-spurt]

Learning long ago to triple read, sentence by sentence, anything written by attorneys and then mull it over adnausium.

This reads like nobama is shutting down these PRC buddies, but it could be just the opposite.

[Eva]

There are no profits in wind farms outside of government subsidies. It looks like Obama is simply trying to avoid the scandal of paying subsidies for wind energy to a Chinese company. He just doesn’t want to say that because, he’s been pouring so much money into these wind farms.

[Eva]

Ralls also probably refused the usual kick back agreement on the government subsidies.

[drypowder]

so now the obozo confiscates private property based on his opinion. what is his national security concern? communists world wide must be wetting their pants in excitement over this guy.

[EBH]

So, wind farms are now national security risks?

The company is suing the U.S.: A small Chinese company sued President Barack Obama for squashing its wind farm projects that were close to a military training site, saying the president overstepped his bounds and the law, according to court documents made public on Tuesday.

Ralls Corp said when Obama ordered the company last week to divest its projects due to national security risks, he exceeded his power by dictating the terms of the sale, allowing the government to inspect all aspects of its operations and not treating the company equally as required under the law. http://www.huffingtonpost.com/2012/10/02/ralls-corp-sues-obama_n_1932786.html

[Cringing Negativism Network]

Obama is right on this.

He’s wrong on a lot of things, but he’s right on this.

Romney is better.

[phockthis]

sfl

[EBH]

He claims credible evidence, but also states “in my opinion,” which is the part I find most troubling. If there is credible evidence of an immediate threat it might be OK, but we don't know what his evidence is...other than we can garner the LLC’s are Chinese owned. Is there a weapon of some sort that these windfarms deploy? Are these guys operatives?

[gotribe]

Here’s the money quote - the buyer will most certainly be an o’bidens supporter acting on this quick-sale order:

f) Ralls shall not complete a sale or transfer of the Project Companies or their assets to any third party until:

(iii) Ralls has not received a provisional or final objection from CFIUS to the intended recipient or buyer within 10 business days of the notification in subsection f(ii) of this section. Among the factors CFIUS may consider in reviewing the proposed sale or transfer are whether the buyer or transferee: is a U.S. citizen or is owned by U.S. citizens; has or has had a direct or indirect contractual, financial, familial, employment, or other close and continuous relationship with the Companies or Project Companies, or their officers, employees, or owners; and can demonstrate a willingness and ability to support compliance with this order.