Ben Johnson,The White House Watch
A parade of Treasury Department officials testified on Friday that they had never before seen a government loan restructured as the one with Solyndra had been. The testimony came as the Republican-controlled House investigated whether the Obama administration had committed a crime in its handling of the politically connected solar energy firm.
Months after the Obama administration granted the $535 million loan to the firm with which it had such close ties,it allowed investors who sank in an additional $75 million to recoup their funds before taxpayers in the event of bankruptcy.
On Friday,Gary Burner and Gary Grippo,high-ranking Treasury Department employees,told the House Energy and Commerce oversight subcommittee that never in their memory had private investment funds been prioritized ahead of taxpayer dollars.
There is a good reason for that:House Republicans contend it is illegal. The Energy Policy Act of 2005 clearly states that all government loan guarantees “shall be subject to the condition that the obligation is not subordinate to other financing.”
Prior to the hearings,Rep. Mike Pompeo,R-KS,remarked,“It was very clear that the statute did not permit the administration to allow private citizens to get ahead of taxpayers when they restructured the loan,and they did that.”He added new documents proved the deal was a more prevalent form of crony capitalism than believed. “It looks like,again,folks who were investors in Solyndra —private investors —were working hard inside this administration to get favored deals for Solyndra,”he said.
The Congressman’s remarks came as news reports show more insiders to have been involved in the failed,government-guaranteed loan. E-mails show Obama adviser David Prend was the first to pressure the administration to provide the loan to Solyndra. The company he co-founded,Rockport Capital,held 7.5 percent of its stock. In addition to Prend,Steve Spinner,who served on Obama’s transition team,pushed for the loan,although his wife was the company’s lawyer. These two join the firm’s most notorious connection:Obama campaign bundler George Kaiser.
Rockport was among the firms that provided the $75 million and which the Obama administration preferred over U.S. taxpayers.
Today’s hearings….
This corrupt regime is NO surprise to us that watch what they get away with,up to now. This is Obama,paying back his 'donors,with side stepping laws that just get in the way of his playing Santa Claus'. This is rewarding their donors. He pits American against American- His LapDog Media being complicit. They NEED TO BE HELD
ACCOUNTABLE,AND NOT BE ABLE TO SQUIRM OUT OF THE LATEST-
"Fast and Furious",The Solyndra Schemes(and other Global Warming Hoaxes)
and their using the DOJ,to "dole out their OWN form of Justice to their Enemies.
Enough is Enough. They will lie,stonewall and play deaf,dumb &blind,as this is what they Always do. Again,Enough IS Enough!
BTW:Are there NO Decent,Honest Democrats Any More? Just When are they going to show some integrity to what this Dictator,Obama is doing to our nation?
Do they Want our country to be further in jeopardy as Obama is doing deliberately?
Do they ONLY care about a political party,even as Obama bypasses our own Congress to get his own way? Just where are these people who will step in to tell him-his corruption is over? and,that he will be brought up on charges,as he is acting in treasonous ways against America and citizens that did NOT vote for him,even as he uses the DOJ with Holder to offend those he feels are his Enemies,while they kick loose "their people(this is Holders'words) who have comitted crimes(the Black Panthers who intimidated voters &got kicked loose)
It IS time for the honest Dems to come forward to save their party,that is being hijacked by the loons-Pelosi,Reid,Frank,Durbin,etc.
Good questions ITSJO,the answer is NO….the Dems aren't really the dems anymore as they went socialist/communist over 60 years ago. They just never bothered to admit this to the American people but their actions speak louder.
Go to http://www.strangepolitics.com and look for a declaration by Norman Thomas from 1944. This will explain a lot. And then send it viral to all you know so they will have a clearer understanding…the Dems are really the communist party or as they prefer to be called "Liberal-progressives"as this is more deceptive and palatable. Good luck
Wow..!!! What a blatant composure of crookery..!!
Does anyone REALLY believe that the $6 Trillion of debt added since the Democrats took both houses in 2006 and (I can't even believe THIS happened) Obama was elected in 2008 was just a way for Democrats to push their agenda and it "just happened that way"? This has been the Marxist dream since FDR's government was stocked with Soviet,Japanese and Chinese spies. The agenda all along has been to destroy the United States. Since the 1930's,the Communist agenda has been to bring the United States down. In fact,it has been the "Progressive"dream to change the United States since the days of Teddy Roosevelt. Woodrow Wilson REALLY pushed it along with his League of Nations,which was a massive failure,and the draconian punishment of Germany for WWI. All Wilson's "peace document"formally ending WWI caused WWII by bringing the Nazi's to power. The defunct League of Nations was resurrected in 1945 as the United Nations,whose purpose has been the same,to bring down the United States. Although they have been as much of a failure as the League of Nations,they somehow exist STILL today. We,the Americans,who are being systematically destroyed by the UN pay 22% of the budget of the UN so that they can finish the job Teddy Roosevelt started in 1901. The States lost their rights when the Constitution was changed so that Senators were elected by the people. The Income Tax and the Federal Bank of the United States came along in the 19 teen's so that "the rich would pay their share". Sound familiar? Well it took 80 years to get their goal,but it is finally here. Unless this election next year (if King Obama allows them!) MUST depose the King and bring some sanity and a way to get back to BEING the United States by getting rid of Obama and gaining a majority in the Senate. If that does not happen,we,the United States of America,the greatest country ever created,can start getting BACK to the REAL Constitution. IF Obama is re-elected,we will end up just the way the Communists and the "Progressives"here in the states will get their goal;making the United States another failed Socialist state of the United Nations. Pray for us,we need a LOT of help to end the reign of King Obama I.
It just now occurs to the other criminals on the hill that this might be illegal?
They ignored everyones advice to give half a blillion dollars of taxpayer money to an failing comapany in exchange for their campaign contributions. If that's not a crime it certainly should be.
http://www.commieblaster.com/
Hawaii Reporter Says Fair Examination Of Obama's Birth Certificate Would Be Prudent
http://obamareleaseyourrecords.blogspot.com/2011/…
The WH can push the EPA to make contracts with its pals. However,the EPA procurement off ice has the final decision on how the contract is written. Their lawyers would not have allowed the taxpayers to be subordinated on the loan without approval from a higher authority. Someone at the highest level of the EPA or in the administration vilolated a procurment regulation.
Michael Savage Weighs In On The Occutards On Wall Street
http://www.youtube.com/watch?v=t-IBaTDhVkA
It has been painfully obvious since obama took office,that Chicago gangsters run the House that was White.
ALL THEIVES EACH AND EVERONE….THE DAY IS COMING AND THEY WILL PAY DEARLY…..THEY ROB THE CITIZEN IN FAVOR OF THEMSELVES….
ITS ME FIRST,ME,ME ME,YET NOTHING IS DONE,NOTHING…(and they do this right in front of our eye's,smiling)
Doesw this make 29 Obama crimes subject to impeachment? If so why in the hell hasn'our legal system doing something —Oh I forgot,He is in the same bed as obuma.
The Most Transparent Presidency Evah?
OBAMA REFUSING TO TURN OVER VISITOR LOGS 10.15.11
OBAMA REFUSING TO TURN OVER SOLYNDRA DATA 10.14.11
Obama Eligibility Trial Footage Withheld
Learn More Here
http://www.commieblaster.com/
Freshman Repubican Says 'Evicting'Illegals Opens Up Millions of Jobs for Americans
http://www.christianpost.com/news/freshman-repubi…
From The New Zeal –The Left Speaks of War
A reminder that the left means business. This a compiltation of inflammatory speeches recently given by radical lefist leaders.
Watch Video Here
http://trevorloudon.com/2011/10/the-left-speaks-o…
The Power Point Presentation –Barack Obama Has Been Committing SSN Fraud and Identity Theft. The Proof is as Simple as A+B+C
See It Here
http://obamareleaseyourrecords.blogspot.com/2011/…