Saturday, November 19, 2011

Solyndra Solar Scandal: Energy Secretary Chu Covering for Obama?

  • How is it the Energy Secretary makes investments with our money?
  • Half a billion lost, but no one seems to care.
  • So, when is Nobel Prize winner Chu going to resign?
  • Get his passport.
Just a sample of the corruption follows;
The energy secretary's arrogance likely will inspire a lot more howling about Solyndra and a host of similar loan guarantees handed out by Chu and his fellow Obama appointees. What many of these loans have in common with Solyndra is that all used tax dollars to line the pockets of key Obama fundraisers and donors. Take, for example, Solar Reserve, which received an even bigger loan guarantee -- $737 million -- than Solyndra. Solar Reserve's biggest investor is a company owned by Michael Froman, former deputy assistant to the president who bundled as much as $500,000 for Obama in 2008.
Then there is Abound Solar, which got a $400 million guarantee. A key investor in Abound Solar is Pat Stryker who contributed $87,000 to Obama's inauguration festivities. Next up is Granite Reliable Wind Generation, which got $168.9 million loan guarantee. Granite's majority owner is a firm formerly headed by Nancy Ann DeParle, deputy White House chief of staff and head of communications during the Obamacare campaign -- and wife of New York Times reporter Jason DeParle. Finally, there's BrightSource Energy, whose principal adviser is Robert Kennedy Jr., one of Obama's earliest backers in 2008. Kennedy's firm received $1.6 billion in loan guarantees.
So much corruption to chase and prosecute is what I see. It all seems to point to the top.

You can read more at the The Washington Examiner -Editorial.

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