Drudge Retort: Red Meat for Yellow Dogs
Thursday, September 29, 2011

Solyndra director tied to $737m loan guarantee

Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given a $737 million dollar loan guarantee to a company backed by Argonaut that also lists Mitchell as a "board participant

Mitchell served on the Solyndra LLC Board of Directors and reportedly still serves on the board. Mitchell serves as a "board participant" for Solar Reserve, the parent company to Tonopah Solar (the Tonopah Solar email address even routes to a Solar Reserve account) and his Solar Reserve biography says that he "currently sits on the Boards of Directors of . . . Solyndra"

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And the Stink just keeps growing.

More solar companies led by Democratic donors received federal loan guarantees

Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns.

Companies like First Solar, SolarReserve, SunPower Corporation and Abengoa SA have already, collectively, received billions in loans through Obama administration stimulus programs to build solar power plants in the southwestern United States.

Yet each, with the exception of the privately held SolarReserve, has seen its stock price hammered at the same time it was lobbying the Obama administration and Congress for billions in loan guarantees.

dailycaller.com

The gift that just keeps on giving

GOP's Solyndra probe threatens to ensnare Energy Secretary Chu

The controversy over a $535 million loan guarantee to the now-bankrupt California solar firm Solyndra is threatening to dim the star of Energy Secretary Steven Chu, a physicist and Nobel Prize winner who has rarely been thrust into the political spotlight.

Republican lawmakers have set their sights on Chu, who for three years has managed to avoid being dragged into a litany of political battles waged by Republicans and the White House on energy and environmental issues.

Republicans are pointing to a recent Los Angeles Times story that says Chu disagreed with Treasury Secretary Tim Geithner and others when they raised concerns about the loan guarantee program during a meeting last October.

thehill.com

Why don't you wipe the cum off you face and just come out and say that the Republicans would much rather give away ALL solar energy production to the Chinese rather than miss an opportunity to manufacture bullshit that they can get their trained parrots on DR to mimic.

What a fucking load of traitors and cocksuckers you teabaggers are!!!!!

And the best for last

Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law

Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve:

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California.

On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives."

But wait... there's more! One of SolarReserve's other investment partners is Argonaut Private Equity

But wait... there's still more!

And for good measure, it's also noteworthy that Obama is about to hold a big money fundraiser at the home of Tom Carnahan in St. Louis:

Carnahan, a member of the prominent Missouri Democratic family, has been tapped by the Obama campaign as its chief Missouri fundraiser. He is chairman of the board of Wind Capital Group, a wind energy company that makes it corporate headquarters in St. Louis. He formerly was president and CEO of the company.

Last year, Wind Capital's Lost Creek Farm facility in northwest Missouri received a $107 million tax credit from the Treasury Department, among many such wind operations receiving support from from stimulus funds.

Tom Carnahan is the son of former Missouri governor Mel Carnahan and former U.S. senator Jean Carnahan. He's also the brother of current Missouri secretary of state, Robin Carnahan.
www.weeklystandard.com

#3 | Posted by axe

Your party stripped 1/2 Billion from Medicare so your party could give Billions to companies who may never produce one watt of power but they do produce a lot of campaign money for Democrats. Screw the poor so we can stay in office is the new mantra of Democrats. I knew this administration was going to have issues but I had no idea it was going to be this bad.

White House: Meetings With Obama Fundraiser Were About Charity, Not $535M Solyndra Loan

The White House maintained Thursday that charitable work was the focus of a series of West Wing meetings between top Obama aides and a major investor in the solar energy firm Solyndra -- four of which occurred in the days before Solyndra won approval for a $535 million government loan.

Hahahahahahahahaha, You'er killing me Carney

"He was involved in a lot of charitable efforts and it's our understanding that while we haven't looked into every meeting and -- that he might have had here, that that was the focus of his conversations, generally speaking, at the White House," Press Secretary Jay Carney said in response to questions from ABC News Senior White House Correspondent Jake Tapper.

Hahahahahahahahaha, Stop it Carney I can stand it Hahahahah

Kaiser, one of the company's chief investors, was a major "bundler" for Obama's presidential campaign. In the weeks before Solyndra became the first recipient of a "green energy" loan, Kaiser visited the offices of such senior aides as Valerie Jarrett, Austan Goolsbee and Pete Rouse. He visited the White House a dozen more times after the loan was approved.

Hahahahaha special prosecutor hahahahahahahah

Administration officials have told ABC News that they have no reason to doubt an earlier statement by Kaiser, in which he said he did not seek to use political influence to help Solyndra secure the Solyndra loan.

abcnews.go.com

I love transparency

Hope and change

Take your blinders off people

SUCKERS

Well Hell, Kaiser said it so it must be true.

What a fucking load of traitors and cocksuckers you teabaggers are!!!!!

#3 | Posted by axe at 2011-09-29 02:42 PM | Reply

Is pathetic---loves corruption in government.

AXE is against government corruption unless it's his guys doing the corruption then is all for it.

Just more kindling on the fire... waste... waste... waste... and crony capitalism.

Now Obama is out there saying that "America has gotten soft"... No... what has happened is that fail has been changed to be spelled O-b-a-m-a.

hope and change from the most transparent admin on the planet- slick marketing and fancy packaging will dupe the rubes known as democrats everytime.

It looks like the DR Libs have a bad case of "Obama Green Guilt" on this thread. Pretty hard to support this kind of Graft. Next time I put up a head line I'll call it "Bush connection to Halliburton" and the DR left will be all over that.

And it just gets better!

Energy Secretary Steven Chu acknowledged Thursday making the final decision to allow a struggling solar company to continue receiving taxpayer money after it had technically defaulted on a $535 million federal loan guaranteed by his agency.

Yes folks, the Barry administration continued to send our Tax money to a bankrupt company.

www.washingtonpost.com

Yes folks, the Barry administration continued to send our Tax money to a bankrupt company.

They are running out of time to reward the rest of Obama's butt buddies today. Obama Brewster has $5 billion to spend.

I heard there were about 40 Solar Companies is the 70's here, today almost 5000. Can anyone other than the useless, stupid libs here explain wtf we are using ANY taxpayer money in these start up companies?

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