Andrew Malcolm, LAT:
In a detailed story posted overnight, The Times’ Tom Hamburg, Kim Geiger and Matea Gold outline the danger signals set off in October 2010 when secretary of the Treasury Tim Geithner and chief economic advisor Lawrence Summers warned the president that Energy’s vetting process was not stringent enough to weed out troubled applicants in advance.
Energy Secy. Steven Chu, who like Obama holds a Nobel Prize, was eager to push through applications by 30 companies for the program’s $17 billion. He wanted even less oversight from Treasury.
The story has developed legs for two reasons:
One, it hints at possible high-level political favoritism using taxpayer dollars in risky ventures with well-connected business people, what some have labeled “crony capitalism.”
And, two, it’s a classic example of the fundamental ongoing D.C. debate over government’s proper role in the economy and the financial dangers to taxpayer funds inherent when officials and bureaucrats, not free market forces, pick corporate winners and losers.
Crony capitalism and government “investment” with taxpayer dollars, is the lynch pin to liberal fascism — which is itself the real endpoint for contemporary moves toward “democratic socialism” and progressive Utopianism. Because it leaves room for an elite ruling class to manage, collect, disperse, pick, and choose — and so hold the reins of power.
Some people recognize that. Others, not so much.
Or, put another way, run run sarah rudolph save save save our Chrismases!
So the question remains as before: qui bono?
Was Obama merely repaying a favor to campaign contributors or did he and his have a more direct method to profit from Solyndra—as a failed company or as successs (either way is fine by us)?
BECAUSE OF HALLIBURON!
And its sister company, HALLIBURTON.
I thought a halliburon was a subatomic particle that travels faster than light… then kills you in your sleep!!!
$500,000,000 is the merest trifle to pay so that our saviour and messiah Barack, President Obama, by the Grace of Himself, could have His photo-op in a perfectly gleaming brand new high-tech green energy facility. That it was a Potemkin enterprise does not detract from His glory and majesty and you citizen-servants should be pleased that he bestowed such upon you.
Also, who finked to @attackwatch?
Ford Pulls Ad Touting Bailout-Free Success, After Calls from White House
Well, the Democrat Party is one of Solyndra’s creditors. I wonder if they get paid before or after George Kaiser.
Interesting. One of the comments:
followed by
to which there is no reply.
My last issue of Forbes came with a renewal envelope. Inside was a glowing report about George Kaiser, his energy vision and his “charity for poor kids”.
Confidence is low on renewal.
That it was a Potemkin enterprise
Except that the Soviets were better at preserving their illusions than Obama is, blast those Evil Republicans and Tea Partiers and GW Bush!
We know they will get paif back before the taxpayers do, Pablo.
This “Andrew Malcolm” sounds like a dangerous extremist. Perhaps a few dozen large SEIU workers should hang out by his front door and have a friendly “chat” with him.
THIS JUST IN!
Exclusive video of Solyndra’s original pitch meeting with the Obama Administration!
Apparently, the Oministration thought they were investing in SrPrs, an easy mistake to make.
Empress Catherine the Great’s folk, I think, or so the story went.
this is less crony capitalism than just cronyism I think
crony capitalism more better describes the corrupt representative whores in Boehnerhole’s house what won’t let this bill out of committee
“Scott Monty
: 09/27/11 14:49
The ad is on our YouTube channel: External Link “
ford ad on you tube
Herman Cain jabs with the left [green jobs], then delivers a crushing right upper cut for the KO!
On the ad kerfuffle: Malkin contacting people.
That guy from the Ford ad is still spouting off to radio guys and Breitbart wags. Methinks a few UAW “Communications Specialists” may soon be showing up in his driveway…
crony capitalism more better describes the corrupt representative whores in Boehnerhole’s house what won’t let this bill out of committee
Because nothing screams FREEDOM! like cable ala carte
[…] here: “Obama was warned of loan dangers long before Solyndra sank” […]
I would love the freedom of being able to choose my cable channels ala carte.
There, FIFY.
Then I want legislation forcing the stores to sell half-loaves of bread, ’cause the other half always gets moldy; legislation dictating a 14-egg carton because there’s always one little one and one cracked one; and I really, really want a pickup that puts out 650 hp and gets 35 mpg. There oughta be a law!