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September 23, 2011

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adamakis

Although I was initially tempted to view this as 'business as usual' or 'run-of-the-mill' alleged corruption, I now fear more sinister affairs due to the following:

1) According to the AP, the "Obama admin reworked Solyndra loan to favor donor" so that a "fundraiser for President Barack Obama -- moved ahead of taxpayers for repayment in case of a default, government records show";

2) As Rep. Stearns stated, the loan was "pushed out to a company whose liquidity issues were a ‘major issue’ to [DOE] staff reviewing the loan back in 2009 — and which ultimately caused its bankruptcy”, i.e. there is evidence that the White House pressured DOE to execute the loan though it was apparent that Solyndra was headed toward total loss;

3) [Related to 1)] Just looking at one donor, billionaire George Kaiser raised between $50,000 and $100,000 for Obama in 2008 and made a minimum of 16 White House visits according to federal election records and White House visitor logs.

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