By Semperpapa
I am shocked, I’m sure, of the hoopla being made about Solyndra and the fact that over $530 million were given to a company that was already headed for bankruptcy.
So this is the situation: Solyndra, a California manufacturer of solar panels, gets a shit pile of funding from a family foundation of George Kaiser, a multi-billionaire heavily involved in campaign donations for Obama presidential bid. Because of the global warming bullshit, Solyndra applies for a government loan during the Bush administration, but the application is denied, mostly due to the financial uncertainties of the company. Obama takes office and the loan application gets a new life, including a much needed push on the part of the new Obama administration, which places pressure upon the Office of Management and Budget to go along with the Dept. of Energy and approve the loan to the company.
Solyndra gets its loan, but eventually the insolvency of the company forces its management to seek bankruptcy protection, as demand for their products is practically non-existent.
So what is going on now? It seems very clear to me. Solyndra used the loan money to build a state of the art facility, with surely a substantial portion of the loan finding its way in the pockets of some prominent figures. But with the bankruptcy proceedings taking place, all the recuperated funds coming from the liquidation of the company’s assets will most likely go to the original investors, like George Kaiser, while the American taxpayers, who foot the original bill, will get nothing in return.
And Mr. Kaiser and his foundation will be able to pour taxpayers’ money back into Obama re-election campaign, as the ROI (return on investment) of Kaiser and Co. is very lucrative as long as Obama has a say so. Moral of the story: I am an unwilling contributor to the re-election campaign of the Chicago thug.
Is this part of hope and change? Hope I have some change by the time Obama gets retired!
Just my thoughts!
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And I bet you know this isn't the only company that supports the Obama campaign with your money.
ReplyDeleteOf course, Chris.
ReplyDeleteWhen such level of corruption becomes the SOP (Standard Operating Procedure, for the community agitators out there), the tentacles of rot are everywhere.
Al Gore interests in companies that will benefit greatly, especially his bank account, from the hoax of global warming and the public funding, call it taxpayers money, coming from sold out politicians, are truly disgusting, but the tree-hugging extremists of the "green" movement will scream the loudest.
And why not? It has worked with the "race card" and may work again.
If there was a serious, reliable and honest media out there, they would investigate these matters as accurately as they would if it had been Bush, Cheney or similar.
They would certainly find Soros' hand in all this, like in that other company LightSquare of something, and uncover the hypocritical shenanigans of the liberal establishment.
Good to hear from you, my brother. My best to you and your wife.
SP Out!