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Politics : The Solyndra Scandal

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From: joseffy	9/29/2011 1:31:14 PM
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Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan Solyndra II coming up. After all, they've only got 16 more months to shovel our money out to cronies. by Jim Hoft on Wednesday, September 28, 2011 http://canadafreepress.com/index.php/article/40816 It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG. Obama admires solar panels during a trip to Florida. ( Yahoor) Team Obama is spending $737 million to create 45 permanent jobs. Yeah, but some of them are held by Pelosi's. The Hill reported, via Free Republic: The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington. The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve. Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month. The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs. http://www.thegatewaypundit.com/2011/09/more-crony-socialism-obama-gives-737-million-to-pelosis-brother-in-laws-solar-firm/

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