Well, well, well. Apparently a recent Daily Caller investigation has found out that, in addition to the failed company Solyndra, there are at least four other solar panel manufacturing companies who have been on the receiving end of an excess of $500 million in "loan" guarantees from the Barry "Almighty" administration. Companies, which by the way, employ executives or board members who have donated substantial sums of money to Democrat campaigns. And as questions continue to swirl around possible connections between political donations and these preferential financing arrangements, the Barry White House has suddenly taken the tack of now deflecting questions on the topic, from The Daily Caller, and I assume others, on Wednesday to that other pillar of trustworthiness, the Democratic National Committee (DNC). When asked on Wednesday to comment on the connection between large Democratic donors and Barry administration "loan" guarantees to the companies they just happen to represent, the White House responded to The DC with a single sentence: “We refer your question to the Democratic National Committee.” Imagine that. Concerns about the long-term viability of Solyndra, first made public by The Daily Caller back in February, and have now expanded to include the financial health of other loan-guarantee recipient firms as well.
These same companies have suffered from declining stock prices despite they're receiving most-favored status over there in the Barry White House. Yet as the end of the federal government’s fiscal year looms on Friday, a whole new series of loans could be finalized amounting to more than nine times what taxpayers have already lost on the failed company Solyndra. “Who was visiting the White House during this period of time?” Texas GOP Rep. Joe Barton asked when contacted by TheDC. Barton is a former chairman of the House Energy and Commerce Committee. “Who were they talking to and what were they talking about? Are there more loans at risk of not being paid back? Are these good investments or political favors?” adding, “The American people just lost a half billion dollars and they deserve answers to these questions before more money is wasted. Until we know exactly what happened, I think we should slow down this loan program and take a closer look at each case.” “It is becoming more clear with each revelation that warning signs were ignored in the Solyndra case,” Barton continued. “Yet in the next 48 hours — because of a deadline that can still be changed — the Department of Energy is going to hand out another $5 billion in loans."
Yes indeedee, corruption does run pretty deep there in the old Barry White House. Companies like First Solar, SolarReserve, SunPower Corporation and Abengoa SA have already, collectively, received Billions in loans through Barry administration "stimulus" programs to build solar power plants in the southwestern United States. Yet each, with the exception of the privately held SolarReserve, has seen its stock price hammered at the same time it was heavily lobbying the Barry administration and Congressional Democrats for Billions more in loan guarantees. The Hill newspaper reported Wednesday that the Santa Monica, Calif.-based SolarReserve has secured a $737 Million loan guarantee from the Department of Energy for a Nevada solar project. And something I'm sure that can be explained away as being merely a coinsidence is the fact that that company has ties to George Kaiser, the Oklahoma billionaire who raised $53,500 for Barry "Almighty’s" campaign in 2008. Through his Argonaut Private Equity firm, Kaiser holds a majority stake in Solyndra. Argonaut has a voting stake on SolarReserve’s board of directors in the person of Steve Mitchell, who also serves on Solyndra’s board of directors.
So like I said, as we move forward in time, the goings of the current adminstration continue to get curiouser and curiouser. The unprecedented level of corruption that we have been witness to on nearly a daily basis and practically since day one, very clearly reveals a mentality that leaves one with the unmistakeable impression that the characters involved here seem to think that the rules simply don't apply to them. That they are, somehow, above all of the petty nonsense, because of who they are. Because, after all, they are the ones that we were waiting for. They seem to think that the money accumulated from taxpayers is there for their personal use, as a source of funds to be used to repay their political cronies. "Hope and Change" was a rather unique and quite inventive way, to say the least, for Barry's to describe his plan to, as soon as being elected, go about robbing blind, the taxpayers of this country. Who would have thought that that was what he had in mind? I don't think even his most ardent supporters believed what's going on now is what he had in mind then. But even if they had, would it have mattered all that much to them? I seriously doubt it. After all, the vast majority of them don't pay taxes in the first place so why should they care?
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