When it comes to cronyism, fraud and conspiratorial criminality, Barack Hussein Obama has no peer. Having learned his trade in the city of Chicago, where the theft and divvying up of taxpayer dollars among the politically connected is an art form, Obama’s new gig as President finds him performing the same scams, just on a larger, more lucrative playing field.
In 2010, solar panel manufacturer Solyndra Inc. received $535 million in government backed loan guarantees from Barack’s 2009 stimulus fund.
Of course, according to a Price Waterhouse audit filed earlier that year with the SEC, Solyndra had lost $558 million during its first 5 years in business, boasted negative cash flow, no profitable years and featured a “seriously flawed” business model.
But the company did have one very important attribute, a far greater asset than any operating report or profit history–Texas billionaire George Kaiser.
Kaiser was a major Solyndra investor who had personally donated $53,500 to Barack Obama’s 2008 campaign. In fact, Kaiser had bundled even larger amounts of money for Obama’s bid for the White House.
Read More at Coach is Right By Doug Book, Coach is Right
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Read More on this Subject
- FBI Agents Raid Solyndra’s Fremont, California Headquarters The politically connected solar firm that announced its impending bankruptcy...
- Was Solyndra An Impeachable Offense? The Obama administration’s Solyndra scandal goes beyond pressuring career federal...
- Evidence Challenges Claim Over Obama’s Birth Address Documents uncovered by WND strongly suggest Barack Obama Sr. and...
- NYT Hold’s Firm On Its Issa Smear Despite Evidence On August 14, the New York Times ran a front-page...
- Media Bias, Solar Panels And Barack Obama An Associated Press story Thursday tells you all you need...
Loading ...
Fast and Furious, Solyndra, LightSquared…three criminal Obama Administration ventures unveiled in the past 9 months. Strange that in the first 2 years of Barry's dictatorship, no scandalous Regime behavior was reported by the MSM at all! Funny how those now Republican run House committees can effect what the American public sees and hears, even in The One's own media!
It would have taken a lot less to bring down a Republican president. And now that the Republicans control the HOUSE, they could appoint a special prosecutor and take down Obama and his Czars, but they don't have the guts. Sure it might not get past the Senate with Reid in control, but, then, neither did Clinton's impeachment. But it was the right thing to do.
What would you expect from a man with a stolen SSN and fake birth certificate?
The Republican site has a 15 page down-loadable timeline of Solyndra with newspaper and magazine articles since 2009. It documents the whole stinky mess, maybe this will be the smoking gun that finally takes this corrupt administration down?
So us commoners can't even get a freakin loan to buy a car at a decent interest rate; I might add those of us lucky enough to have a job, but these jerks who can't even run in the black get 535 million dollars and blow it all?
FBI And CIA At Work On The Biggest Fraud That The "Junior Police" Could Find Enough Evidence To Sink The Obama Chi-Town Mafia Politics Machine In 24 Hours, Yikeess, However Put The Obama Experts On The Case And Maybe After The Nov 2012 Election It Might Come-Up Again. Plus A Little History About Barack Obamas Cook County Chi-Town "They Have Three Governors In Prison Now" And If Was Not For The ACLU And The Soros Media They Would Have Four Now. God Bless America And The Tea Party Patriots With Sarah Palin, Run Sarah Run And Drill Baby Drill.
Barry's Blackberry has been working overtime!!
What about the loans to Venezuela to buy $2 Billion in Russian tanks and military equipment to line up on the border against our Colombian ally. What about the loans to GM that NEVER got paid back but were said to have. What about the $16 Trillion in illegal bailouts done secretely through the Federal Reserve to New World Order socilist causes and around the world.
We should tell Venezuela to give back that $2 Billion Dollars w/Interest! If they don't. themn we have a Good Reason to invade them! Then, we can see about getting rid of Chavez!
westernjournalism.com should do some "Fact Checking" before they put out a Story. It states in the News Piece concerning George Kaiser: "a far greater asset than any operating report or profit history–Texas billionaire George Kaiser." Hey, westernjournalism.com! George Kaiser resides in Oklahoma, NOT "Texas!"
That is very much right. The obama gang would like that put out in the field where no one can see it.
kaiser=tax credits=prowlingowl.com
When I heard the FBI was raiding Solyndra, I thought maybe we had him.
But now I guess obama has the FBI in his pocket too.
This is the most corrupt administration that I have ever seen.