The political fallout from this gigantic scandal keeps piling higher and higher -- this could BRING OBAMA DOWN!
The latest news? A Washington Post analysis found that overall, $3.9 billion in federal grants and financing -- that's YOUR money and MY money -- flowed to just 21 companies -- which were backed by firms with connections to five Obama administration staffers and advisers! reporting that the Obama-connected bankrupt Solyndra now wants to dish out half a million dollars in bonuses to their employees, most of whom are making over six figures each!
WHY ISN'T CONGRESS DOING ITS JOB… AND TAKING ON THE CORRUPT OBAMA REGIME OVER ECO-SCAM? WE MUST MAKE THEM DO IT NOW!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
As the Post reports, a man named Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008. Shortly after Obama's election, he left his California firm to join the Energy Department. So guess what happened then?
You guessed it -- CORRUPTION:
And the Washington Times is
"He was one of several players in venture capital, which was providing financial backing to start-up clean-tech companies, who moved into the Energy Department at a time when the agency was seeking outside expertise in the field. At the same time, their industry had a huge stake in decisions about which companies would receive government loans, grants and support. During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagle's former firm, Vantage Point Venture Partners, had invested, a Washington Post analysis found."
On top of this new analysis exposing MORE corruption in the Obama regime, Human Events magazine is reporting on even MORE "quid pro quo / you scratch my back, I'll scratch yours" shenanigans in the "green" energy area: Soon after President Barack Obama touted Westport Innovation's liquefied natural gas-powered engines at a Maryland UPS facility, the company's top individual investor made large contributions to Democrats:
"Kevin G. Douglas, Westport's largest individual shareholder, April 8 gave more than $30,000 to Obama and the Democratic National Committee, according to federal campaign filings. In a lucky confluence of events, a bill, supported by the president, New Alternative Transportation to Give Americans Solutions Act, designed to subsidize the migration of American vehicles from gasoline and diesel to LNG-powered engines was filed April 6 in the House of Representatives. The bill is also known by the shorthand: Natural Gas Act. The Natural Gas Act will create federal tax credits for natural gas vehicles, storage facilities and fueling stations for a five-year period."
GREAT -- MORE CORRUPTION AND BACK-HANDED BRIBERY!
And what about those high-paid employees at the bankrupt Solyndra, who are now looking for MORE taxpayer handouts? According to the Times article,
"Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra's attorneys in U.S. Bankruptcy Court in Delaware... The biggest bonus, for $50,000, would go to a Solyndra employee whose job title is listed as a senior director with a base salary of $206,499 per year. Two senior managers stand to receive bonuses of $30,000 and $32,500.YOU READ THAT RIGHT: after the politically-connected "friends of Obama" Solyndra received over half-a-billion dollars in taxpayer loans -- that they then LOST when they filed for bankruptcy -- they now want permission to give another half-million dollars to top employees... in the middle of their bankruptcy proceedings!
THIS IS OUTRAGEOUS! This scandal MUST be fully investigated, and these kinds of shenanigans MUST be stopped... NOW!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
This is NOT the only scandal in "Eco-Scam"! The Post also dug deep into previously unreported records regarding Solyndra LLC, the failed California solar-panel maker that lost more than a half-billion dollars in federal loans ... and what they've found only confirms what we've been saying all along: the Obama regime played politics with our money and now taxpayers are out half a billion dollars:
Meant to create jobs and cut reliance on foreign oil, Obama's green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials...These records show that when warned that financial disaster might lie ahead, the Obama regime remained steadfast in its support for Solyndra for political reasons -- resulting in OUR MONEY going down the drain!
The documents reviewed by The Post, which began examining the clean-technology program a year ago, provide a detailed look inside the day-to-day workings of the upper levels of the Obama administration. They also give an unprecedented glimpse into high-level maneuvering by politically connected clean-technology investors.
It's time to FORCE Congress to finally EXPOSE the corruption at the highest level of the Obama regime -- NOW!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
THIS SCANDAL JUST KEEPS GETTING BIGGER AND BIGGER! This new exposé comes on top of the news from the Washington Times that a grand jury has begun investigating Solyndra as part of the growing "Eco-Scam" scandal hitting the regime of Barack Obama:
The formation of an investigative grand jury would mark a significant development in the criminal investigation into Solyndra, which saw its offices raided by the FBI within days of its bankruptcy filing in September. "The subpoenas would be just the tip of the iceberg," said Laurie Levenson, a former federal prosecutor and now a law professor at Loyola Law School in Los Angeles. "The first things to happen in grand juries are subpoenas to collect every possible document you can."These could be the smoking guns that could SINK the Obama regime -- but ONLY IF Congress is willing to do a FULL INVESTIGATION of the corruption that lies beneath that "tip of the iceberg"!
Apparently, the law firm K&L Gates was hired to respond to the news that we recently told you about: the Fox News report that Members of Congress investigating Solyndra's TAXPAYER-FINANCED $535 million loan guarantee are considering suing the White House to obtain access to documents relating to the scandal!
YOU READ THAT RIGHT:
"For close to a year, the House Energy and Commerce Committee has been probing the circumstances surrounding the loan and its subsequent restructuring, which subordinated taxpayers toprivate investors in the recovery of the company's assets. Solyndra's chief investor, billionaire George Kaiser, is a prominent Obama supporter whom records show visited the White House 17 times...
...lawmakers on the panel are considering holding hearings -- first at the subcommittee level, then for the full committee -- to vote on a contempt citation against the White House. Experts said that if such an event were to come to pass, the full House, which is controlled by the Republicans, would have to vote on the citation. If that in turn were to happen, the House would officially refer the matter to the U.S. Attorney for the District of Columbia for enforcement against the White House."
UNDERSTAND WHAT IS HAPPENING: A Grand Jury is investigating "Eco-Scam's" Solyndra, and Congress is threatening to sue the White House, all because of the continued actions by YOU, and tens of thousands of your fellow Americans, that Congress is willing to consider suing the President of the United States for CONTEMPT. It's because YOU and other patriots like you KEEP PRESSURING CONGRESS to TAKE ACTION on this scandal... A SCANDAL THAT COULD BRING DOWN THE OBAMA REGIME!
WE MUST NOT STOP NOW -- BARACK OBAMA AND HIS CRONIES MUST BE HELD ACCOUNTABLE!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
To add insult to taxpayer injury, the The Washington Post printed a BOMBSHELL story: "The Obama administration urged officers of the struggling solar company Solyndra to postpone announcing planned layoffs until after the November 2010 midterm elections, newly released e-mails show."
DID YOU READ THAT? After putting the American taxpayers on the hook for HALF A BILLION DOLLARS in loan guarantees to the bankrupting company, when it became apparent that they were going to fail, the Obama regime told Solyndra's people to DELAY any announcements about layoffs -- because of the upcoming election!
THIS GROWING SCANDAL IS OUTRAGEOUS IN ITS SCOPE, AND IT GOES ALL THE WAY TO THE OVAL OFFICE! WE MUST PUSH CONGRESS TO INVESTIGATE THIS ALL THE WAY TO THE TOP!
According to the Post story:
"Solyndra's chief executive warned the Energy Department on Oct. 25, 2010, that he intended to announce worker layoffs Oct. 28. He said he was spurred by numerous calls from reporters and potential investors about rumors the firm was in financial trouble and was planning to lay off workers and close one of its two plants.
But in an Oct. 30, 2010, e-mail, advisers to Solyndra's primary investor, Argonaut Equity, explain that the Energy Department had strongly urged the company to put off the layoff announcement until Nov. 3. The midterm elections were held Nov. 2, and led to Republicans taking control of the U.S. House of Representatives."
Go back and read that again. WE HAVE THE SMOKING GUN that proves the Obama
regime was neck-deep in this growing scandal and tried to cover it up. "They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3 -- oddly they didn't give a reason for that date," said an Oct. 30 e-mail between staff members at Argonaut Private Equity, Solyndra's largest investor.
Yeah... real "odd" that Obama's cronies wanted them to wait to announce layoffs until AFTER the election!
THAT must be why the Obama regime keeps STALLING in giving Congress access to any more emails regarding Solyndra -- they keep showing MORE AND MORE SCANDAL!
THANKFULLY, after seeing tens of thousands of messages go through our system, from patriotic Americans like YOU who are DEMANDING that Congress do a full and complete investigation into the corruption of the Obama regime that has come to be known as ECO-SCAM, Congress has finally announced that it is FED UP with the stalling tactics from President Barack Hussein Obama.
In fact -- they have approved a legal subpoena to be issued against the White House, "seeking any White House documents related to the solar-panel manufacturer, which received special attention from the White House, was approved for $535 million in taxpayer-backed loan guarantees, borrowed $528 million, then filed for bankruptcy two months ago."
BUT OBAMA IS REFUSING TO COOPERATE... so we can't let up the pressure now!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
It just keeps getting bigger. The Washington Post also dropped a bombshell in their exposé on the ever-growing Solyndra "Eco-Scam" -- "An investor in Solyndra who was also an Obama administration adviser pushed the White House in 2009 to support the solar panel maker. His push came as the company was seeking a half-billion-dollar Energy Department loan, documents show."
"David Prend, a co-founder of the Boston venture capital firm Rockport Capital, met with Obama's then climate czar, Carol M. Browner, in late February to discuss clean-energy policies of the administration - and Solyndra's innovative solar panels were mentioned. He then e-mailed a White House aide to "help get the word out" about the company's pending partnership with the Obama administration. Prend's Boston-based venture capital firm held 7.5 percent of the company's equity."
At the time he requested White House support, Prend was co-founder of Rockport Capital, an early investor in Solyndra, starting in 2007. He also chaired a renewable energy panel that advised Obama's Energy Department on solar technologies and investments! AND, Fox News has revealed, ANOTHER inside man on the Solyndra loan was Steve Spinner, "a former NBC executive who became a green energy guru who helped steer energy and environmental policy for the administration starting in the 2008 transition team." Spinner pushed for Solyndra to get the loan -- even though his wife was the lawyer for the now BANKRUPT solar firm!
This is CRONY CAPITALISM at its WORST! CONGRESS MUST DIG DEEPER INTO THIS GROWING SCANDAL -- WHICH MEANS YOU AND I MUST KEEP A FIRE LIT UNDER THEIR SEATS!!!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
All of these revelations keep coming out as thousands upon thousands of your faxes keep pouring into every single office on Capitol Hill, and Congress is taking notice -- they are widening their investigation into the Solyndra scandal even more!
According to a report by CNBC, the House Energy and Commerce Committee has now "broadened its investigation into the failed solar company Solyndra, sending a letter to the White House counsel's office requesting all West Wing communications regarding the decision to use taxpayer loan guarantees to back up the clean technology firm."
The committee clarified to CNBC that it is specifically asking for the Obama regime to turn over any emails on the matter that were sent by the president himself. A White House spokesman said he believes this is the first request by an investigative body for presidential emails.
THIS IS HUGE: The committee's request calls for ALL West Wing documents, including emails, dating all the way back to Barack Hussein Obama's inauguration on January 20, 2009!
The emails they've already gotten hold of contain damning information -- WE MUST KEEP UP THE PRESSURE TO DIG DEEPER INTO OBAMA'S CRONY CAPITALISM!
This scandal just keeps GROWING. It also turns out that Obama's buddies at the top were planning to give hundreds of millions MORE taxpayer dollars to the company that they KNEW was about to fail! The Washington Post is reporting, "Newly released e-mails show the Obama administration's Energy Department was poised to give Solyndra a second taxpayer loan of $469 million last year, even as the company's financial situation grew increasingly dire.The department was still considering providing the second loan guarantee to the solar-panel manufacturer in April and May 2010, at a time when Solyndra's auditors were already warning that the company was in danger of collapsing."
Now, the first heads are beginning to roll. The head of the Energy Department's embattled loan program, Jonathan Silver, announced that he was stepping down amid an expanding probe of the agency's $535 million loan to a now-shuttered solar company.
Silver had been criticized by Republicans during a House subcommittee hearing just a few weeks ago, and White House e-mails released recently showed that officials were anxious about the loan program and whether the agency was properly monitoring it. Now Silver's boss, Energy Secretary Steven Chu, has "accepted responsibility" for the Solyndra decisions.
THIS IS AN OUTRAGEOUS SCANDAL -- WHEN WILL THIS MADNESS STOP?
It's simple: when YOU AND I make them stop it!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
It was just at the end of 2011 that we told you about the HALF A BILLION DOLLARS in taxpayer money that Barack Hussein Obama gave to his friends at the now-bankrupt "solar energy" company called Solyndra.
That's right -- HALF A BILLION DOLLARS, part of the Obama regime's "stimulus package," was wasted on his liberal friends... or, to put it more clearly, it has now been FLUSHED DOWN THE TOILET.
But it gets WORSE -- it's starting to become obvious that the Obama White House RUSHED the loan approval through from the Energy Department because... wait for it... one of the largest private investors in the deal, Oklahoma billionaire George Kaiser, was also a prominent fundraiser for Obama's 2008 presidential campaign (and a frequent visitor to the White House!), and Solyndra's board and investors included some major campaign donors to Democrats and Obama! The Daily Caller goes on to report just how deep this rabbit hole is going:
Additionally, Federal Election Commission records made available by the Center for Responsive Politics show that SolarReserve board member James McDermott has contributed $61,500 to various Democratic campaigns since 2008, including $30,800 to Obama's presidential election campaign.And that's not the only connection: the Daily Caller has even reported that there is a connection between Solyndra and Michelle Obama, too! Their review of the George Kaiser Family Foundation's income tax returns found that during the same year billionaire investor George Kaiser successfully secured $535 million in government loan guarantees for the now-failed solar panel manufacturer Solyndra, his private philanthropy donated to a political cause close to the hearts of several high-ranking Obama administration officials:
McDermott's U.S. Renewable Energy Group has a significant financial stake in SolarReserve, and has drawn scrutiny for its ties with Senate Majority Leader Harry Reid -- and for reportedly driving green jobs to China.
And Lee Bailey, a fellow SolarReserve board member and U.S. Renewables Group investor, has donated $21,850 since 2008 to Democratic candidates including President Obama, Senate Majority Leader Harry Reid, California Sen. Barbara Boxer and then-presidential candidate Hillary Clinton.
A $10,000 donation to the Urban Health Initiative at the University of Chicago Medical Center appears on the group's 2009 tax forms. It was also in 2009 that Kaiser successfully sought to lock down a loan guarantee for the green-energy company Solyndra through his two investment vehicles: Argonaut Ventures and the GKFF Investment Company.THIS IS OUTRAGEOUS... and it just KEEPS GROWING!
While this donation seems small compared to the far larger numbers involved in the Solyndra scandal, it adds to the pattern of possible connections between the Obama administration and the growing Solyndra scandal.
Several of President Barack Obama's senior inner-circle advisers worked with or for now-first lady Michelle Obama when she held a leadership post at the University of Chicago Medical Center and helped create the Urban Health Initiative program. The Washington Post reported in 2008 that Valerie Jarrett was the medical center's chairwoman, and David Axelrod provided community support-building services.
"One of Barack's best friends, Eric Whitaker, is executive vice president at the center and is now in charge of the Urban Health Initiative," the Post added in the year Obama was elected to the presidency. Whitaker is still in that role today.
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
According to an article in USA Today, "In March 2010, the accounting firm PricewaterhouseCoopers issued a standard but stern warning about Solyndra, a California solar panel manufacturer: The company wasn't making money and never had, which raised ‘substantial doubt about its ability to continue as a going concern.'"
In fact, their business plan was so obviously bad, that less than two weeks before President George W. Bush left office, on January 9, 2009, the Energy Department's credit committee made a unanimous decision NOT to offer a loan commitment to Solyndra.
Peter Lynch, a New York-based solar energy analyst, told ABC News that it took only "a cursory glance" through Solyndra's prospectus to see there was a problem with their numbers. "It's very difficult to perceive a company with a model that says, well, I can build something for six dollars and sell it for three dollars," Lynch said. "Those numbers don't generally work. You don't want to lose three dollars for every unit you make." But Solyndra was run by "Friends Of Obama" and their business was located in Fremont, California (which voted 71 percent for Obama in 2008) -- so the Obama regime made SURE that they got their stimulus loan after all!
IT'S ALL STARTING TO COME OUT. The Washington Post is now reporting that "the Obama White House tried to rush federal reviewers for a decision on a nearly half-billion-dollar loan to the solar-panel manufacturer Solyndra, so Vice President Biden could announce the approval at a September 2009 groundbreaking for the company's factory, newly obtained e-mails show."
The August 2009 e-mails show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan, and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company's project without adequate time to assess the risk to taxpayers.
In fact, in August 2009, e-mail exchanges between Energy Department staff members pointed out that a credit-rating agency predicted that the project would run out of cash in September 2011. Solyndra shut its doors on the final day of August.
$535 BILLION OF TAXPAYER MONEY THROWN AWAY ON A "FRIENDS OF OBAMA" SOLAR COMPANY THAT EVERYONE KNEW WOULD FAIL --
THAT DEMANDS A FULL INVESTIGATION -- AND POLITICAL HEADS NEED TO ROLL!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
Thankfully, even before Rep. Issa began his investigation, there were Members of Congress who had already begun an initial investigation into this matter -- but now that MORE facts are coming out about the connections between the Obama regime and their FRIENDS at Solyndra, MORE MUST BE DONE -- QUICKLY.
The House Energy and Commerce Committee has been investigating Solyndra's dealings with the Energy Department for six months -- even BEFORE they shut down. In
July, subcommittee members subpoenaed White House documents related to the guarantee. House Energy and Commerce Committee Chairman Fred Upton (R-MI) and Rep. Cliff Stearns (R-FL), chairman of that panel's oversight and investigations subcommittee, said that the FBI raid confirmed their belief that the "darling" of Obama's green-jobs program -- which we OBVIOSLY a bad idea -- was a "bad bet" from the beginning. "Solyndra was the hallmark of the President's green jobs program and widely promoted by the administration as a stimulus success story, right up until its bankruptcy and FBI raid," Upton and Stearns said in a statement.
On Aug. 31, while Obama was vacationing on Martha's Vineyard, Solyndra filed for bankruptcy. When Solyndra abruptly shuttered its factory and filed for bankruptcy court protection at the end of August, they left 1,100 people out of work and taxpayers on the hook for half a billion dollars in loans. On Sept. 8, the day of Obama's "American Jobs Act" speech to a joint session of Congress, FBI agents conducted searches of Solyndra's headquarters and the homes of the firm's CEO and founder, in a raid that appears linked to the loan guarantee.
THIS IS WHAT WE GET when the government tries to decide what's "good" economically, instead of letting the free market decide. It's also what we get when a corrupt administration is able to push hundreds of billions of taxpayer dollars out the door to its politically-connected friends, fundraisers, and donors.
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
As columnist Michael Barone noted, this thing is HUGE. It's "a scandal -- the scandal of the government handing out hundreds of millions of dollars to unproven and speculative businesses. Even the shrewdest venture capitalists lose money on most of their investments. But when they lose, it's their money, not ours."
But even Wall Street loves to "partner" with the government, when it means they can make BIG BUCKS off of the backs of the taxpayers. After all, who was the exclusive financial adviser to Solyndra when it was trying to secure the $535 million loan from Washington? The government-bailed-out investment banking and securities firm, Goldman Sachs. As Reuters columnist James Pethokoukis notes, "had the cap-and-trade scheme been enacted, big banks stood ready to reap billions from the trading of carbon emission credits."
THIS IS AN OUTRAGEOUS SCANDAL THAT COULD TAKE DOWN THE CORRUPT OBAMA REGIME -- but you and I must MAKE SURE that Congress conducts a FULL INVESTIGATION that goes ALL THE WAY TO THE TOP. We've made it EASY to make your voice heard LOUD AND CLEAR on this issue -- please take action NOW!
Conservative Action Alerts
http://news.dienerconsultants.com/ct/7969724:11275446792:m:1:196255036:F0C921FDB424849CA31E3B70CEDF3AA9:r
P.S. This scandal just keeps getting BIGGER AND BIGGER. Grand jury subpoenas, major newspaper exposés, White House emails gathered through Freedom of Information Act filings -- THIS COULD BRING THE WHOLE OBAMA REGIME DOWN.
We need to make it very clear to our Representatives in Congress: BARACK OBAMA MUST NOT BE ALLOWED TO WEASEL OUT OF A FULL INVESTIGATION INTO THIS SCANDAL!
CLICK HERE to send Blast Faxes to EVERY SINGLE U.S. SENATOR AND REPRESENTATIVE, to DEMAND that Congress FULLY INVESTIGATE THE OBAMA REGIME for Corruption at the HIGHEST LEVEL!
And send a FREE message directly to YOUR Congressmen HERE!
Conservative Action Alerts (CAA) is a media outlet protected by the first
amendment and that support for our efforts is not tax-deductible.
amendment and that support for our efforts is not tax-deductible.
No comments:
Post a Comment