Oct 11 2011

Obama’s Green Friends Not “Paying Their Fair Share”

Published by at 12:00 pm under All General Discussions

This White House is completely, politically tone-deaf.

Obama’s current childish, populist mantra is how the successful in AMerica must pay ‘their fair share’. He has been repeating this chant ad nauseum for weeks now. But what his political gurus don’t get is how hollow this rings when it comes in parallel to news on how his political buddies are basically ripping off the tax payers with easy green loans – Solyndra style.

The latest scandalous example involves a Democrat Congressman and his lobbyist son pulling in a $1.2 billion dollar loan to a company in more trouble than Solyndra:

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization.  If SunPower was a bank, the feds would shut it down.  Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.

Two men with insight into the process are SunPower rooter Rep. George R. Miller III, (D.-Calif.), the senior Democrat on the House Education and Workforce Committee and the co-chairman of the Democratic Steering and Policy Committee, and his SunPower lobbyist son, George Miller IV.

Yep, we have another guaranteed loan default on our hands, as our tax money goes to Mexico for jobs. And how about Democrat Leader Nancy Pelosi and her family’s trout at the tax payer trough:

Nancy Pelosi is facing accusations of cronyism after a solar energy project, which her brother-in-law has a stake in, landed a $737 million loan guarantee from the Department of Energy, despite the growing Solyndra scandal.

The massive loan agreement is raising new concerns about the use of taxpayers’ money as vast sums are invested in technology similar to that of the doomed energy project.

And what about the Obama fundraiser who went to work for the Department of Energy and his green lobbyist wife?

So, are these Democrats ‘paying their fair share”? Here are 3 examples of wasted money taxpayers and small businesses could have used to create real economic growth. Obama’s lame ‘Pay Their Fair Share” Schtick is laughable while all these revelations about  green greed come out. Making President Obama a laughing stock each time he pretends he is for the little guy, when in fact all he cares about are his liberal cronies and how well they can line their own pockets.

Update: Yeah, this White House knows how to sell political snake oil:

The group of private-sector business leaders advising President Obama on how to create jobs and grow the economy is full of deep-pocket Democratic donors and high-profile financiers of Obama’s re-election campaign, a review of Federal Election Commission data shows.

At least 10 members of the Obama-appointed Council on Jobs and Competitiveness gave the legal maximum contribution — $4,600 — to help get Obama elected in 2008, and they continue to write checks for the president in 2012.  Several also serve as Obama campaign bundlers, top fundraisers who collect millions of dollars from their networks of well-to-do colleagues and friends to aid his re-election bid.

Only the truly naive and ignorant are not getting how corrupt and inept this administration is. What a mess.

9 responses so far

9 Responses to “Obama’s Green Friends Not “Paying Their Fair Share””

  1. oneal lane says:

    I bet we will not see any videos by “Anonymous” or any “Occupy Wall Street” protestors decrying these revelations.

  2. lurker9876 says:

    And Obama adm met with Romney’s adm to come up with ObomneyCare????

    Wow…no one should vote for Romney!

  3. dhunter says:

    Romney and the Establishment repugs have deep pockets and plan to bury the competition, good on Sarah for avoiding this fiasco of a nomination/coronation process, now if she would keep her eyes open for the opportunity to drive a stake through the heart of both corrupt parties.
    Crony capitalism indeed!

  4. oneal lane says:

    I am not yet sold on Herman Cain, and have some serious reservations. I hope he is the real thing and not just a good talker. But then I am not sold on any of these GOP candidates.

    Having said that, if Cain wins the GOP nomination watch “The Left” loose their (no pun intended) “collective minds.”

    If you think the Wall Street Protestors are desperate, Watch “The Left”, especially “Hollywood Left” and the “Black Political Mafia, Sharpton, Jackson etc. ” have a stroke when a “Conservative” Black Man confronts some of their major core beliefs and race baiting tools.

    Cain vs. Obama.

  5. dbostan says:

    Millionaire Pelosi’s son got preferential treatment when his bank-Countrywide, the demsheviks’ bank, laid off employees.

  6. dbostan says:

    Another sweet deal for our favourite ex-speaker family:

    “House Minority Leader Nancy Pelosi’s husband, a real estate developer and investment banker, stands to make millions of dollars in a previously undisclosed residential real estate project in California as a partner with the father of a woman Mrs. Pelosi helped become ambassador to Hungary, records show.”


  7. momdear1 says:

    Stop all this horses–t and face the truth. What we have is the second reconstruction with the unqualified ‘agrieved” parties running things, and the modern day equivalent of carpet baggers making off with all they can get. When it is all over, the country will find itself in the same condition as the South after the First Reconstruction. Southern States were left owing billions of dollars in bonded debt for projects never built and nobody knows where the money went. When this Reconstruction is finally eneded, the entire country will be in debt for Trillions of dollars for projects that accomplished little if anything, and nobody will be able to find out where the money went. “Them that don’t listen have to feel.” and “Those who don’t remember history are doomed to repeat it.” Unless Americans wake up and realize they have been manipulated into approving the destruction of their own country, we can all be expected to be bent over, in the position, facing Mecca 5 times a day, or worse. Nobody is going to stand up for our rights if we aren’t willing to do it ourselves.

  8. crosspatch says:

    Oh, and isn’t this wonderful, too. California teachers union at UC (University of California) is now against expanding online classes. So with increasing tuition due to the state being broke and cutting funding, more students were turning to online classes. Well apparently the teachers union doesn’t like this idea.