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Thursday, September 29, 2011

Shock: ABC News Blows EnergyGate Wide Open

Pick your jaw up off the floor.

As one commenter noted after reading ABC News' reporting on EnergyGate and Solyndra:

There seems to be an inverse relationship between the president's popularity and the mainstream media's willingness to tell stories that need to be told. As Obama continues to slide in the polls, I'm sure we will find out all kinds of stuff that may have helped 2.5 years ago. While its too late now for everyone impacted by this administration's economic choices, there's hope that everyone will vote more responsibly next year... on both sides of the aisle.

Here's the reader's digest version:

• 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.

• 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 companeis 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

• 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 around millions from DOE-funded companies.

Put simply, if the Climatards are willing to waste billions enriching themselves in the name of green energy, then they can't really 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?


Postscript: The Bush administration rejected Solyndra's requests for loans for two years citing incomplete documentation.

Related:
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


Hat tip: Laughing Conservative.

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