One of the things liberals used to say about the Obama regime was that it was squeaky clean. We knew that was not true, but Obama seemed lucky enough not to have any scandals stick.
Solyndra may be a name that follows Barack Obama throughout 2012 and a name he may end up wishing he had never heard of.
The Obama regime began hyping Solyndra as the great green hope. Solyndra’s biggest attraction to Obama was money. The investors of Solyndra donated personally or bundled large amounts of money for the Obama campaign. Who needs a good business plan when you can just give money to a candidate for the Party of Treason?
The net result was a $535 million dollar loan guarantee to Solyndra. While alarm bells were being rung by the government employees who actually understood what was going on, and did not receive campaign contributions, those who did receive the contributions, pushed the project.
One email between the White House and an agency staffer said it best. “This deal is not ready for prime time,” the email announced.
In 2010, Obama visited the plant to tout it. Perhaps he was just looking to start lining up 2012 campaign contributions. Joe Biden slobbered, “This is what the Recovery Act was all about!”
The warning signs were there. Auditors who had looked at the company raised serious concerns.
An audit of the company performed by PriceWaterhouseCoopers two months before Obama's visit noted that the firm had accumulated losses of $558 million in its five years of existence.
The auditor noted that Solyndra "has suffered recurring losses from operations, negative cash flows since inception and has a net stockholders' deficit that, among other factors, raises substantial doubt about its ability to continue as a going concern."
Why was the Obama regime so concerned about pushing this “Green company?” It is simple. Money.
One of the major investors for Solyndra was George Kaiser, an Oklahoma billionaire and Obama campaign contributor. He invested only after demanding that his investment be given priority over other investors, including the government.
With Republicans in control of the House, more of the actions of the Obama regime and Solyndra are going to come out and 2012 is going to be a bad year for Obama.
With his popularity plummeting and his chances of getting anything else done growing dimmer by the day, along with his reelection chances, Obama cannot be a happy camper. Now, he can count on hearings running through next year featuring every detail of how the regime ignored the warnings of auditors and experts and pushed this risky loan guarantee through, which will now cost the tax payers half a billion dollars.
As the Obama regime demands higher taxes, we should all ask the question, “why?” Why do we need to pay higher taxes? So Obama can send more money to companies like Solyndra?
All of this brings us around to Hillary Clinton.
If 2012 is going to be tough on Obama, it will be the 7th circle of hell for Hillary Clinton.
Since she was young, Hillary has always dreamed of being the first woman to be President of the United States. She still thinks she should have won it in 2008 and in her heart thinks she should be the one running for reelection in 2012.
Had John Edwards beat her, she would already be out there as a primary challenger to a “President Edwards.” Unfortunately for her, Barack Obama won.
Hillary was relegated to be Secretary of State. As such, she has had the thankless job of traveling the world and doing very little. She is chomping at the bit to take on Obama, who she believes she can take down, but she knows she cannot.
If she takes on Obama and beats him, black Democrats will abandon her and possibly even abandon the party, creating a rift which could totally destroy the party and which would guarantee a Republican win in 2012. Actually given the magnitude of the anticipated Republican victory in 2012, the only difference would probably be the size of the victory.
If she takes on Obama, loses and then Obama loses, she knows the Clintons will be blamed, thus destroying the Clinton legacy and still possibly splitting the Democrat Party.
In the end, she knows even if she could beat Obama, almost any Republican picked out of the phone book will be able to beat any Democrat candidate. For Hillary, her future is simply a retirement.
She knows it and for her, that is a worse fate for her than it is for Obama.
Solyndra is "Joe's" fault. (sarc) Straight from the President's mouth to youtube. Watch it - you'll love it. He even got a standing ovation from Pelosi.heehee http://www.youtube.com/watch?v=FyC-SU8Emhc
James you are so right. We tend to count our chickens before they hatch. No one was able to get Al Capone on his murderous record, even an entire FBI agency. They only got him later on close to his retirement, simply, on tax evasion. He went free on his murderous rampage.
I think the same is happening now. Add to that, that no one will touch Obama because he is black. He will get away with the crimes of the century, just like all liberals do.
Very interesting. The SCOTUS a few months back in a 9-0 opinion gave all Americans standing in Federal Courts. Good. Obama released a fraudulent document onto the Citizens of the United States (part of two separate Federal Court Cases at Present - Affidavits notorized attesting to fraud document status). OK. A fraud birth certificate nullifies the Obama Affidavits that he is eligible to be on the Primary Ballot signed in 2007! OOPS: President committed perjury then fraud. Since we the people have standing to sue based on SCOTUS decision, any citizen or poll watcher can now bring criminal charges and suit against OBAMA when he next signs AFFIDAVIDS to get on the ballots. WOW. Now, what in the hell is extreme about this. Sounds more like CITIZENS want honesty in Government and JUSTICE.
Then we have Hillary to contend with.
I believe the loan guarantees were 553 Million (half a Billion) not 553 Billion (half a Trillion). That is still a hunk of money, but chump change when you are spending over 800 Billion on porkulous. Where did the rest go? Any bets that there are many more of these frauds and kick backs?
As far as prohibiting corporations from contributing, that is no solution. Soros and the rest of these type folks will work through other organizations or individually (they already do). The reason the contribution money flows is because of the goodies that come from the bloated government. Get it back to essential constitutional functions and the incentive structure for corruption collapses. There is no effective way to prevent this corporate, union, special interest welfare train so long as the government is pouring Billions into all these activities and regulating products and competition.