Tag: Energy Department

Solyndra update: Pearls to the swine..

The left might be desperate to see this story die, but it is like the gift that keeps on giving. We have often gone back and forth about if this was just people with no clue making stupid decisions, if this was political cronyism, or if it was both, and the more we find out, the more it looks like it is both. The latest revelation is that recently released e-mails show that the DOE was moving toward second loan that would have cost the tax payers and additional half a billion dollars for Solyndra. And this was going on at the same time that the auditors where saying Solyndra was doomed. Check this out.

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.

Details of the plan are revealed in e-mails released this week by Democrats on the House Energy and Commerce Committee, which is investigating the original loan. On Wednesday, the probe intensified as committee Republicans requested that the White House provide all documents, dating back to President Obama’s inauguration, that would show communications between staff members and other officials regarding Solyndra’s original $535 million federal loan guarantee.

Republican leaders said that documents obtained in recent weeks show that Obama’s “closest confidantes” monitored the loan, and that his campaign donors offered advice on the company.

So the DOE knew Solyndra was going down in flames, all the auditors where screaming “toast” and waving this off, and yet, they considered throwing more good money after bad? Why? Seriously, why would they do such a thing? What was in it for them? Was this a case of trying to postpone the inevitable? Did they really think that more money was going to change things? I know these leftists constantly tell us that the answer to every problem from healthcare to schools is to let them take and spend more money, and that since it was just tax payer money they obviously wouldn’t be as concerned about it as if it was their own money on the line, but damn, WTF where they thinking? Maybe there is a clue in the following piece of information:

“Documents reveal a startlingly cozy relationship between wealthy donors and the president’s confidantes, especially in matters related to Solyndra,” Cliff Stearns (R-Fla.), chairman of the committee’s investigations panel, said in a statement.

E-mails already made public in the eight-month investigation have kept the White House and the Energy Department on the defensive for weeks, showing in part that Valerie Jarrett and Lawrence H. Summers, top Obama advisers at the time, took part in discussions about Solyndra.

WHAT????

The class warriors serving the Obama overlord where cozy with wealthy donors? Those same wealthy people Team Obama loves to demonize and complain about when they try to incite the usual jackass, with talk about how unfair it is that the poor jackass is suffering the consequences of their bad choices while the rich live it up, into a frothing envious anger so they can pretend their flat out theft of other people’s money is a decent and good thing? Are they fraternizing with the enemy?

Those of us that understand what this nonsense – communism, socialism, class warfare, anti-fossil fuel, pro-green pie-in-the-sky bullshit energy, and in general the left’s core ideology – is about are not surprised. Understand that the left’s belief and efforts to pick the winners & losers, under whatever justified guise they parcel out, really is about overthrowing the current establishment and to replace it with themselves, and you see the kabuki dance for what it really is: they are manipulating stupid people by promising them pennies on the dollars they intend to make for themselves.

And that’s what we have here: Obama’s donor buddies, the new establishment, in bed with the people at the DOE that are responsible for handing out our tax dollars, screwing us all over. We should consider ourselves lucky that the second loan never panned out and that we only lost a half a billion dollars on this deal. We should also find out how many more of these “sweet deals” where made where once the money train runs out, the company will implode. How many more Solyndras are out there, still pretending to be viable, but for the fact that these green energy crooks gave them yet another loan at our expense to keep them afloat for another year or so? And lest you think that this was all above board and that this stuff was ever viable, here is a heavy dose of reality for you:

Solyndra applied for a second loan days after receiving the first one in September 2009. The agency had put Solyndra’s request for a second loan guarantee on a fast-tracked priority list, two sources familiar with the company’s application told The Washington Post. The sources spoke on the condition of anonymity because the probes of the loan are ongoing.

Really? Just days after they got a half billion they asked for another half billion, and it was again fast-tracked? I can not wait for what else we find out. Maybe we will get lucky and find out how much of this tax payer cash Solyndra larded on democrats, including Obama himself. I should feel gleeful that everything I predicted is coming out and vindicating me, but all I feel is abused. These crooks are seriously ripping us off. Now Obama wants to steal another half a trillion dollars from the tax payers to line the wallets of his chosen few and democrat campaign coffers, under the guise that it is going to create jobs, and with a backloaded tax burden that will cripple the conomy and kill more jobs than this will ever create,in the usual leftist propagandists biggest wet dream, and people need to wise up and tell these fools no thank you.