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Politics : The Solyndra Scandal -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (231)	10/30/2011 2:17:53 PM
From: joseffy	3 Recommendations Respond to of 1400

Crony Green Marxism Your Handy Dandy EnergyGate Cheat Sheet #solyndra Greedy pigs are ripping the goverment off as fast as they can. Trying to keep track of all of the government-authorized theft of taxpayer dollars in the name of "green energy"? I know: it's difficult, given that new disclosures seem to occur daily. For that reason, I've assembled a running cheat sheet to help keep all of the Democrat politicians, the crony capitalists, the conflicts-of-interest, and the outright criminality straight. I know, I know -- it's a difficult job, but someone's got to do it. • James Johnson, erstwhile Fannie Mae chairman during the height of its subprime lending, was a bundler for Obama in 2008 and is listed as raising as much as $500,000 for the 2012 race • Johnson also heads Washington-based Perseus Group • Johnson's Perseus investments include the Vehicle Production Group, which received $50 million in "clean energy" loans [ Ah, a crony capitalist from yesteryear comes back to the trough for more. ] • Patrick Murphy, a confidant of Harry Reid, was paid at least $290,000 by "clean energy" company SunPower • Murphy wasn't the only beneficiary; SunPower's political action committee also gave more than $16K to Democrat Congressional candidates in 2010 • The son of Rep. George Miller (D-CA) is SunPower's top lobbyist and Miller visited SunPower last October with Interior Secretary Ken Salazar • Miller and Murphy appear to have helped SunPower get $1.2 billion in loan guarantees from the DOE • Harry Reid, according to The New York Times, "was instrumental in securing" DOE financing for "clean energy projects on government-owned land" • Reid, in particular, helped secure $145 million for a company called "Nevada Geothermal Power" • Reid has not publicly commented on a recent audit by Deloitte & Touche that expressed doubt that the company would survive • Reid also hasn't called for investigations of where the taxpayers' money went; he's apparently too busy • Anthony Podesta raised over $350,000 for Democratic campaign committees this year • Podesta's lobbying company has received roughly $670,000 in the last two years lobbying on behalf of a "green energy company" called SolarReserve • Podesta's lobbying apparently helped get SolarReserve a $737 million DOE loan last week • Ronald Pelosi is the brother-in-law of former House Speaker Nancy Pelosi • Pelosi is an executive with Pacific Corporate Group, a private equity group • Pelosi's firm invested in SolarReserve • Pelosi's firm benefited directly when the DOE approved a $737 million loan last week • Billionaire George Kaiser raised at least $50,000 for Barack Obama's 2008 presidential campaign. • Kaiser's company, Solyndra, received a $535 million loan guarantee from DOE. • Kaiser's company received the loan before DOE received final copies of outside reviews of the deal. • Kaiser is also listed as a board adviser with SolarReserve, the Pelosi-linked firm that received a a $737 million DOE loan last week • Steven Spinner raised $500,000 for Barack Obama's 2008 presidential campaign. • Spinner then became one of Energy Secretary Steven Chu's key loan advisers. • Spinner later wrote that he "helped oversee the more than $100 billion" in loans and guarantees. • Spinner executed 29 stock trades in energy companies while serving as a DOE adviser • Spinner held shares in at least four companies that received DOE loans • Spinner's wife's law firm collected around $2.5 million while representing Solyndra • Spinner's wife's law firm also represented two other companies that received $34 million from DOE This Spinner seems to be the king of scamsters for this era. Conflict of interest, what's that? Surprised he doesn't have any kids or siblings or inlaws enriching themselves in these schemes ... of course, maybe he does and it just hasn't been reported. • Steve Westly raised $500,000 for Barack Obama's 2008 presidential campaign. • Westly then became one of Energy Secretary Steven Chu's key advisers. • Westly was an investor in five firms that received half a billion dollars in energy grants and loans from DOE. • John V. Roos raised $500,000 for Barack Obama's 2008 presidential campaign. • Roos' law firm (the same firm Spinner's wife worked for) collected "millions" from DOE-funded companies. Call it "Crony Marxism", call it outright theft, call it an egregious breach of trust. It's the inevitable result of government tampering in areas forbidden to it by the Constitution. And please consider: if the Climatards are willing to waste billions enriching themselves in the name of green energy, they really can't take the global warming scam seriously. In other words, the green tech movement no more believes in global warming than you or I. And, once again, where's the special prosecutor? Related: • The Bush administration rejected Solyndra's requests for loans for two years citing incomplete documentation • Solyndra employee: from day one, everyone knew that our solar panels were uncompetitive... including President Obama • Bruce Krasting Blows Obama's Solyndra Scandal Sky High • Oh, my: Emails show White House knew Solyndra was a disaster before it issued $535M crony loan directorblue.blogspot.com

To: FJB who wrote (231)	11/9/2011 3:46:52 PM
From: joseffy	2 Recommendations Respond to of 1400

Solyndra e-mails show Obama fundraiser discussed lobbying White House By Joe Stephens, Wednesday, November 9, 2011 washingtonpost.com Obama fundraiser George Kaiser and his business associates discussed lobbying the White House to help Solyndra, the solar panel company that failed in August, newly released e-mails show. Records made public Wednesday by House Republicans show Kaiser’s associates were interested in winning White House assistance in selling its panels to the government, and that they discussed Solyndra with Obama Administration officials in charge of stimulus funding. Read the Solyndra e-mails. A Republican-led House panel on Thursday agreed to subpoena the White House for documents related to Solyndra Inc., the failed California solar company that received a half-billion-dollar federal loan. (Nov. 3) At one point, the messages refer to Solyndra and its operations as “prime poster children” of the stimulus program. Solyndra’s biggest investor was a fund linked to the family foundation of George Kaiser, a Tulsa billionaire and bundler for Obama’s presidential campaign. Kaiser was involved in e-mail correspondence with his business colleagues about an upcoming White House meeting to get the administration’s help in selling its panels, and in seeking a second energy department loan, which if awarded would have been in addition to a $535 million loan the company received in 2009. Kaiser’s representatives have previously said Kaiser did not personally lobby the White House on behalf of Solyndra’s loan. Kaiser’s foundation told the Washington Post on Sept. 2 that Kaiser had no conversations with the administration about the loan and was not involved in the loan process.

To: FJB who wrote (231)	11/9/2011 9:16:35 PM
From: joseffy	1 Recommendation Respond to of 1400

George B. Kaiser (born 1943)is an American businessman. He is the Chairman of BOK Financial Corporation. He is among the top 100 richest people in the world. In January 2009, Kaiser drew attention after he told a committee of the Oklahoma House of Representatives that the state should eliminate or reduce tax incentives for the oil and gas industry, and instead use the money for health care or education programs or for tax cuts for other taxpayers. Kaiser was a fundraiser for the 2008 presidential campaign of Barack Obama, and functioned as a campaign bundler for Obama: an individual who collects contributions to a candidate from others that are then simultaneously given to the candidate.[28] At one 2007 event for Obama, he raised more than $250,000. An article by the nonpartisan and open government organization Sunlight Foundation’s Bill Allison has analyzed Kaiser’s business activities and his use of legal tax avoidance strategies, including how during the 1980s bust in the oil industry in Oklahoma and Texas. Kaiser bought up struggling energy companies whose losses provided him with tax deductions that effectively offset his own income and left him with little or no tax liability. The report says Kaiser paid no taxes to the federal government for years and that when he did pay taxes, just once in a six-year period, it was just under $11,700, meaning he paid taxes on a taxable wage of $5.62 per hour. The report comes from the Sunlight Foundation’s Bill Allison. Allison’s post indicates many experts, including the IRS, believe Kaiser’s tax strategies were illegal en.wikipedia.org