Just like the view below, the American economy and way of life are casualties of the left’s Green Agenda… or will be if we don’t stop them! And Solyndra is just the latest example of the lengths the left will go to, to achieve their desired ends: the fundamental transformation of America, global distribution of wealth and the demise of our way of life. The green agenda or Green Hell are very much part of that plan!!
Lovely Mountain View… Or It Would Have Been 😉
Freedom Works: Every day in Washington D.C. is filled to the brim with sound bites delivered by our incompetent leaders, devoid of any facts or reason, but fit for media consumption. The Obama administration is no exception to this unfortunate, but ironclad, rule of politics. Take the predictable spiel about “green jobs,” for instance we always hear rosy scenarios of a growing green industry, flush with high-paying jobs. A solar company touted by Obama as “a testament to American ingenuity and dynamism” merely a month ago has just shut its doors. Solyndra, the recipient of $535 million in low cost loan guarantees from the inefficient Department of Energy, closed shop without warning two weeks ago, ordering confused workers to vacate the premises. The unholy connections between Solyndra and the current administration, though, run deeper than a loan gone sour. Indeed, it is curious that George Kaiser, a large contributor to the failing company, was also a high-profile bankroller for Obama’s 2008 campaign.
Dubious handouts from the government to favored businesses are nothing new, however. As many political observers of the 1980s could tell you, the subsidization of synthetic fuels was similarly a disaster. Originally an attempt by the Carter administration to promote “energy independence,” the Synfuels Corporation received a hefty $15 billion appropriation. Although it began with the noblest of intentions, it wandered from its original purpose and became mired in cronyism and corruption. High-profile resignations and repeated claims of mismanagement led Democrat Howard Wolpe to remark that, “We have created a fiscal Frankenstein that is beyond the control of the Executive and Legislative branches.” Although many lawmakers may use the “job creation” line as a last ditch defense of their failed pet initiative, they fail to mention jobs that are indirectly lost. A recent study from King Juan Carlos University in Madrid finds that every “green job” will result in the loss of 2.2 other jobs on average. Why is that? As the author of the report, Gabriel Calzada, explains, “The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices.”
The question that naturally arises is why failure inevitably plagues government initiatives and “investments”? As we have seen in both the Solyndra and Synfuels saga, the government is more interested in promoting political ends rather than economic expansion. Whether a subsidy’s aim is to pay back a loyal supporter, or to attract more supports in the name of a vague ideal, power-plays and political considerations are the sole focus of activity. If the government were to simply yield to the private sector in matters of energy policy, America would be able to achieve “energy independence” quickly and more efficiently than it would under a stifling bureaucracy. In the case of Synfuels, even the Energy Secretary of the time admitted that “drilling in America would produce much more oil” than handing the corporation a blank check. Even today, political leaders fail to acknowledge the benefits in unleashing a dynamic free-market in the energy sector. Despite the millions of barrels of oil that could be obtained through off-shore drilling and the abundant supplies of natural gas, the government imposes a daunting regulatory approach to producing energy. Also, the government inefficiently subsidizes deep-shore drilling, which collects less oil on average and leads to the dangerous conditions present in the BP Oil Spill. These missteps, though, are merely a few of the plethora of unintended consequences that haunt every government action.
We now know that Valerie Jarrett, Pete Rouse Joe Biden and Obama knew there was a problem with Solyndra… if not worse. (Obama visited the facility at least twice and gave a speech from there.)
From their own website: Fremont, CA, March 20, 2009 – Solyndra, Inc. announced today that it is the first company to receive an offer for a U.S. Department of Energy (DOE) loan guarantee under Title XVII of the Energy Policy Act of 2005. Solyndra, a Fremont, California-based manufacturer of innovative cylindrical photovoltaic systems, will use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California.
“The leadership and actions of President Barack Obama, Energy Secretary Steven Chu and the U.S. Congress were instrumental in concluding this offer for a loan guarantee,” said Solyndra CEO and founder, Dr. Chris Gronet. “The DOE Loan Guarantee Program funding will enable Solyndra to achieve the economies of scale needed to deliver solar electricity at prices that are competitive with utility rates. This expansion is really about creating new jobs while meaningfully impacting global warming.”
But now Hillary??
Hillary Clinton and Solyndra
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 raisedserious 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.
Whoa… RNC: “Obama Isn’t Briefed on Loan?” – Does anybody really believe that??
So will it be Operations Fast and Furious/Gun Walker or Solyndra Scandal that stick to the second Teflon president. It was a cigar and a blue dress that stuck to the 1st!
Perhaps the most amazing part of all this is that in the midst of the unfolding Solyndra scandal, the Obama administration announced this week that they plan to finalize 15 additional green projects in the next two weeks… really???