Sunday, September 25, 2011

Obama admin reworked Solyndra loan to favor donor, US News, News , Politics


The growing Solyndra scandal is on the verge of blowing the Obama regime to bits. Obama took an oath to protect citizens of the United States against enemies both foreign and domestic. Doesn’t this promise extend to the taxpayer’s money?

The Atlanta Journal-Constitution

The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors — including a fundraiser for President Barack Obama — moved ahead of taxpayers for repayment in case of a default, government records show.

"You should have protected the taxpayers and made some forceful actions here after this analysis," Rep. Cliff Stearns, R-Fla., told a top Energy Department official this week. "Because you should have seen the problems. And you should have said, 'Taxpayers need to be protected and this has got to stop.' "

More here

It appears that the Obama administration put the welfare of his contributors over the interests of the taxpayers. This whole Solyndra scandal is another fraudulent transfer of wealth from the taxpaying public to FOO (friends of Obama). How isn’t this considered high crimes and misdemeanors? Somebody needs to go to jail here.







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