“Showcased” Obama-Endorsed Green Company
Wasted $ 390 Million in Stimulus Funds
Here’s one more story the mainstream-lamestream media won’t cover. Is that thirty-six or thirty-seven major scandals or lies within Mr. Obama’s corrupt administration we’ve been spared?***
As the country once again moves toward $4 a gallon gasoline, this time with an anti-oil administration running the Oval Office which swore to create five million green tech jobs and begin the end of oil dependency, do you remember that $787 Billion Obama stimulus that was supposed to keep unemployment below 8%? A green-tech company that raised huge amounts of money for Barack Obama’s 2008 presidential campaign, which then became the poster-boy for his green-tech initiatives and the first company to receive Obama stimulus money, Solyndra, Inc. of Fremont, California, has it turns out wasted at least $390 million of $535 Million of federal Stimulus funds.
Solyndra, which received three ringing TV appearance endorsements personally from Vice-President Joe Biden and two from Obama himself, is now the subject of a congressional investigation into waste, fraud and abuse by the House Energy and Commerce Committee which has revealed that the company was not eligible for a loan guarantee which the company stated would help them create 3,000 construction jobs and 1,000 permanent green jobs in the manufacture of solar panels. Solyndra is also closing plants instead of opening new ones. The oversight committee has also revealed details of an $800,000 ad campaign designed to promote good eating habits which might have created 2.5 advertising jobs, but did nothing seriously to fight unemployment. While the advertising company did turn a profit from the stimulus, Solyndra has never turned a profit during the six years of its existence despite being a pet project for Oklahoma billionaire George Kaiser who did a better job as a major campaign fund raiser for Obama-Biden 2008 then he did running a green-tech company.
Mattie Corrao, government affairs manager with Americans for Tax Reform, said the Solyndra loan shows how hollow Obama’s promise to “keep close track over how stimulus money has been spent” has proven itself. “They (the Obama administration) are trying to pretend we’re creating jobs and hoping the taxpayers are dumb enough and blind enough to believe the lie,” Corrao said. “After two years of unemployment about 9 percent, people aren’t going to believe it anymore.” Because of the close personal connection between Kaiser and Obama, Corrao says the loan should never have been considered in the first place. No Solyndra officials would speak with conservative reporters about the story.
Ya’all live long, strong and ornery,
*** Let’s count backwards, OK? But first, when you go to:
You’ll find a 40-page list of the stories that the mainstream media has refused to cover or investigate about president Obama’s administration; their associations; their lies; their failures etc. Stories which, if a conservative were involved, would have each rated about two weeks coverage . . . judge for yourself. It begins with him seeking 1995 political endorsement in Chicago from the coalition (of ACORN and the union SEIU) which called itself: the “Marxist New Party.” Obama at the time was an ACORN attorney browbeating and shaking down lenders to get them to comply with the deliberate-bad-loans requirement of the CRA-77 legislation that led to the subprime crisis that eventually bankrupted the country and caused the financial meltdown in late 2007. His rant on “White Folks Greed” is actually a quote of Jeremiah Wright (the pastor he says he never listened to while spending 20 years in his church) which Obama put in his own book “Dreams from my Father” . . . runs through 175 appointment scandals (44 Czars never vetted by the Senate or FBI include at least 35 with acknowledged communist ties) . . . etc., etc. How can the mainstream media refuse to show this guy’s true stripes?
Here is a list of ten key stories taken at random by Rajjpuut that 95% of Americans have never heard about because the liberal press refuses to bring this guy’s very suspect record up for examination. He’s their darling and they will protect him. Here are the stories and the nature of the scandal involved:
10. Solyndra: stimulus money goes to firm of major Obama fundraiser. $390 million of the $535 million stimulus money is wasted and 4,000 promised jobs are NOT created. CRONY-CAPITALISM
9. Third revelation of General Motors and Chrysler closing down profitable car dealerships owned by Republican donors so that nearby failing or barely profitable dealerships owned by Obama 2008 supporting dealerships benefit from near monopoly status.
MALFEASANCE and CRONY-CAPITALISM
8. Two things here . . . . a) Not only was President Obama lying when he said his plan (Obamacare) would allow you to “keep your present plan, if you like it;” and he failed to tell the public that an “interim final rule” filed as regulations by three agencies (among the 390+ agencies created within Obamacare) made it against the law for your plan to make certain changes required to keep them compatible with Obamacare, so these plans (including plans specifically ‘grandfathered in’) are non-compliant and you can’t keep using them. And b) you’ll remember that Obamacare passed first by reconciliation in the Senate so that the 60-40 majority wasn’t required to allow a vote; and then Obama had to sign a last minute piece of paper guaranteeing that no federally-funded abortions would be allowed under Obamacare. This got him 12 last-minute anti-abortion Democratic votes led by Michigan’s Bart Stupak. Over 100,000 federally-funded abortions have already occurred under Obamacare; indeed they were made the very first covered Obamacare operations. HHS (sometimes called the “Dept. of Health and Abortion Services”) run by Kathleen Sebelius has also not been in compliance with the federal government’s financial management laws so it’s impossible to trace exactly how widespread this federal-funding of Obamacare abortions really is and literally cannot account for hundreds of millions of dollars. LIES, DOUBLE-DEALING, and DELIBERATE MISUSE OF FEDERAL FUNDS
7. Remember all those promises of openness and square-dealing that Obama would insist upon as he dramatically changed the “climate in Washington?” The Obama administration has on at least 40 occasions denied release of information under the Freedom of Information Act by claiming that “such-and-such report is still in draft form” and therefore exempt from the FOIA and somehow the final form is never ever completed. Most recent case of this broken promise game: The Department of Justice’s (DOJ) promise made in federal court that they’d be forthcoming and release an internal memo detailing their investigation into how and illegal alien known criminal was never deported and allowed to stay in the country long enough to kill a Virginia nun in a drunken-driving incident. When did she get killed? August, 2010. The latest missed date on this case: January 18, 2011. And, yep, the report is still in “draft” form.
DOUBLE-DEALING; OBSTRUCTION of JUSTICE; LIE related to OPENNESS
6. You know all those continuing resolutions (CRs) that are passed so that the government continues to operate? Why isn’t any permanent “fix” ever passed? Obama sneakiness. Virtually every permanent spending bill Barack Obama has tried to get passed has been full of freebies and other goodies for his union supporters. One that caught my eye was back in September last year when one bill turned out to contain a $20 Billion list of add-ons benefitting the unions with taxpayer money. For example: the $1.9 Billion “Race to the Top” grants supposedly aimed at rewarding better-performing schools . . . was, it turned out, merely $1.9 Billion so that school districts could hire $1.9 Billion worth of new UNION teachers . . . the bill discriminated against teachers who would not join the teachers’ union.
PREFERENTIAL TREATMENT FOR BHO SUPPORTERS; DISCRIMINATORY LAWS
5. You’ve heard of the New Black Panther voter-intimidation case in Philadelphia that was already won which the Obama DOJ chose to drop? Well this one is much, much more serious. The Service Employees International Union (SEIU) boss Andy Stern, according to White House logs has been the most frequent single visitor of the President over the first two+ years of his administration. SEIU was the biggest contributor to Obama-Biden 2008. The Federal Election Commission under the Obama DOJ has dropped an election violation case against the SEIU union that was also won. The union required local affiliates of SEIU to contribute to the union’s political action fund violating federal election laws. Of the $9 million war chest the SEIU amassed how much might have gone to Obama’s Democrats? 97%? More? SEIU is now squeezing its local workers for the 2012 elections. How often do you hear of prosecutors with already won cases dropping them?
ELECTION FRAUD: PREFERENTIAL TREATMENT FOR SUPPORTERS; OBSTRUCTION of JUSTICE
4. Goldman-Sachs company is sometimes called “Government-Sachs” because of all their political connections and their ability to come out smelling like a rose no matter how scandalous their behavior. You’ll recall that G-S earned several billion dollars acting on behalf, supposedly for AIG, in the federal bailout of AIG. You’ll also recall that G-S was forced to make restitution to thousands of clients for double-dealing when it sold them with glowing reports virtually worthless security options. Now it turns out that a) Goldman-Sachs “minted” most of the horrible real estate investments that got AIG in trouble and that Obama Treasury Secretary Timothy Geithner helped them to hide that information. Geithner is a former Goldman employee as is his chief of staff, Mark Patterson. According to web watchdog Bloomberg.com: “When a congressional panel convened a hearing on the government rescue of American International Group Inc. in January, the public scolding of Treasury Secretary Timothy F. Geithner got the most attention. Lawmakers said the former head of the New York Federal Reserve Bank had presided over a backdoor bailout of Wall Street firms and a cover-up… Representative Darrell Issa,…placed into the hearing record a five-page document itemizing the mortgage securities on which banks such as Goldman Sachs Group Inc. and Societe Generale SA had bought $62.1 billion in credit-default swaps from AIG. These were the deals that pushed the insurer to the brink of insolvency — and were eventually paid in full at taxpayer expense. The New York Fed, which secretly engineered the bailout, prevented the full publication of the document for more than a year, even when AIG wanted it released.” By the way, Geithner also once ran the NY Fed Reserve Bank. The Obama Administration has obstructed a proper accounting of what went wrong in the financial crisis. More from Bloomberg: “The public can now see for the first time how poorly the securities performed, with losses exceeding 75 percent of their notional value in some cases. Compounding this, the document and Bloomberg data demonstrate that the banks that bought the swaps from AIG are mostly the same firms that underwrote the CDOs in the first place. The banks should have to explain how they managed to buy protection from AIG primarily on securities that fell so sharply in value… Professor James Cox of Duke University School of Law says: “They may have been trying to shield Goldman — for Goldman’s sake or out of macro concerns that another investment bank would be at risk.” —
ConservativeAmerican.org points out there are numerous Goldman Sachs pals of Barack Obama and Timothy Geithner who now work for the Obama Administration. They include: Adam Storch, Neel Kashkari, Geithner himself, Mark Patterson, Gary Gensler, Gene Sperling, and Jide Zeitlin.
COVER-UP; MALFEASANCE; OVERSIGHT FAILURE and CORRUPTION
3. A story that got absolutely NO coverage in the mainstream press was the dissolution of CCX. Funny, over the nine years of its existence the Chicago Climate eXchange’s very existence was dubious; at least the lame-stream mainstream media saw no reason to tell the taxpayers and voters they existed. Based upon Al Gore’s dubious premises about global warming now proven only supported by corrupt “scientists,” in the background,
Progressive Democrats (including Gore, Kerry, both Clintons and Obama) have been trying to sell Americans for the last nine years on the need for cap and trade legislation. In 2001 based upon money illegally diverted from federal homes programs by Franklin Raines, a patented computer program for carbon-trading was created. A group of about 100 progressive insiders including Gore, Obama, Raines, Goldman-Sachs officials, George Soros, and numerous self-declared Marxists from the sixties established CCX. If Cap and Trade law had ever been passed carbon-trading would have changed the American economy overnight from a $15 TRillion economy to a $25 TRillion one without creating a single new product or service . . . in effect an overnight 67% inflation ($10 TRillion cap and trade charges divided by $15 TRillion REAL economy) as the holder of the patent and owner of CCX this scandalous progressive consortium would have extracted huge commissions on every carbon-trade that ever occurred for the next twenty years and beyond making virtually every member of the group a hundred-billionaire. When Conservative news gatherers like FOXNews caught the scent several participants sold out their shares. When Cap and Trade failed again and a largely Republican House was voted in – CCX dissolved and the participants moved to England where’s Gore’s shell company is still hoping for Cap and Trade to become global.
SIMPLE PURE CORRUPTION . . . LIES . . . Cover-up’
2. We have a tie for the #2 spot. a) After conservative press and bloggers got wind of the connections behind Obama’s 44 Czars showing that most of them were self-admitted Marxists and other radicals the mainstream media (MSM) refused to cover the stories of these Czars’ background. When two of them made their outright communism evident (Anita Dunn (praising Chairman Mao killer of 58 million Chinese in peace time) and Van Jones (several of his speeches calling for “revolution” got out across the internet), the MSM still ignored the stories. Finally, it came out that Van Jones’ radicalism included being a “9/11-Truther” who claimed the U.S. government had conspired to create 9/11’s devastation . . . after the conservative press carried the story for three weeks, Van Jones quietly “resigned” and Dunn as well. Total coverage by most of the MSM: two minutes. b) Obama’s plan to seize over ten million acres of land in nine western states using an obscure clause of the Antiquities Act of 1906 to designate all the land as “monuments” went totally uncovered by the MSM. For those of you who don’t know it, the vast majority of federal land is already owned in the west with Nevada, for example, belongs 55% to the Feds rather to its own citizens and in Alaska even a larger percentage is federal land. This proposed law misuse much like the cap and trade scandal was so egregiously corrupt that even with large majorities in both chambers of Congress, the measure was defeated handily when S.C. Senator Jim DeMint of TEA Party fame exposed the facts on the Senate floor. ZERO Coverage by the MSM.
POWER-GRABBING UNETHICAL USE OF INAPPLICABLE LAWS
1. One of the bigger untold stories by the MSM is the absolute idiocy and corruption and total INCOMPETENCE involved in Obama’s energy policies. We’ve already mentioned Solyndra; already mentioned CCX and cap and trade . . . but things get much, much worse very quickly . . . .
a) During a 2008 campaign interview with the San Francisco Chronicle Barack Obama admitted his policies would bankrupt the coal industry and “necessarily make the price of electricity skyrocket” his own words. The Chronicle sat on the story and the MSM has deemed it unworthy of print for 31 months now. If all Americans were aware of that story, how much credence would Obama’s confused and contradictory “energy plan” have?
b) You can thank the FOIA for this little gem. The “success of Spain’s and Denmark’s wind energy programs” frequently touted by candidate and President Obama was disproven by two studies that outright refuted his claims. Immediately Obama turned to progressive multi-billionaire George Soros and his own Department of Energy and former CEO Cathy Zoo of Al Gore’s company to begin massive lobbying efforts on behalf of wind energy legislation despite the fact that more Freedom of Information Act efforts are being thwarted to reveal documents showing that Wind Energy may be fined for pumping water or running a mill here and there, but it does NOT work on a large scale. The Competitive Enterprise Institute (CEI) is still filing requests for FOIA information still being withheld by the Department of Energy. How many people do you know who are aware of this story?
C. Recent surveys show that only about 8% of Americans have heard this and 82% of those who know about it say they were “unpleasantly surprised” when they learned of it. Mr. Obama has repeatedly promised/threatened to create “five million new green-tech jobs” in America. Spain which saw its economy go from #1 in Europe and 4% unemployment in 1996 to one of the most fragile economies and 21.3% unemployment now was the leader in the green movement beginning in 1997-98. Mr. Obama frequently cites Spain as an example of a great green success although those unemployment figures make that lie hard to swallow. A study of the Spanish green debacle by a noted Spanish economist gives us these details: 1) government subsidies of Spanish green technology cost 2.2 jobs in the REAL free-market economy for every single green job created 2) cost of the average green job was $676,000 each 3)some of those green jobs lasted less than six weeks but they were counted the same as the permanent green jobs 4) only 10% of all the green jobs proved permanent 5) Spanish green jobs typically paid only $10-$14 per hour which was less than the average REAL job lost ($16) . . . . OUCH! So let’s extrapolate Obama’s promise of creating five million green jobs here in America: the cost would be eleven million REAL free market jobs for creating the subsidized green jobs; given rising prices, the cost would be around $840,000 to create the average green job; some of those green jobs would still last only six weeks and they’d still be counted as if they were “permanent;” only 500,000 permanent green jobs would be created and they’d be moderate-paying at best . . . in sum 22 REAL jobs would be lost to create one permanent Obama green-tech job.