Bienvenidos a CafeBoricua!

Bienvenidos a CafeBoricua.com,  Un foro donde se discute la Politica Boricua aparte de otros temas de actualidad e interes.  Aqui existe la mayor libertad de expresion donde pueden debatir libremente.  Registrate!

 
Como la mayoria de las comunidades en linea necesita registrarse para poder postear en nuestra comunidad, pero no se preocupe esto es un proceso simple que solo requiere minima informacion. Sea parte de Cafe Boricua creando una cuenta con nosotros.  Puede logearse con su cuenta de Facebook o Twitter.

  • Comienze nuevos temas y responda a otros
  • Subscribirse a temas y foros y recibir actualizaciones automaticas.
  • Crea su propio perfil y haga nuevas amistades.
  • Comparta sus posteos o temas en las redes sociales.
  • Personalize su experiencia aqui.
  • Crea una encuesta!   Una gallery de fotos.  Anuncie un evento. 

Animate a participar en nuestro foro boricua!


Sign in to follow this  
Followers 0
Artaguito

Obama's Solyndragate

20 posts in this topic

[b] [color=#000080]Esto demuestra el 'crony capitalism' de Obama mas la grotesca ficción liberal de favorecer corporaciones de 'renewable energy' aunque la tecnología ni el mercado las hace viables. [/color][/b]



[b] Obama admin reworked Solyndra loan to favor donor[/b]
[size=4]
[url="http://www.ajc.com/news/nation-world/obama-admin-reworked-solyndra-1182334.html"]http://www.ajc.com/news/nation-world/obama-admin-reworked-solyndra-1182334.html[/url][/size]
[size=4]
[/size]
[size=4]
By MATTHEW DALY [/size]
[size=4]
The Associated Press[/size]
[size=4]
WASHINGTON — 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.[/size]
[size=4]
Administration officials defended the loan restructuring, saying that without an infusion of cash earlier this year, solar panel maker Solyndra Inc. would likely have faced immediate bankruptcy, putting more than 1,000 people out of work.[/size]
[size=4]
Even with the federal help, Solyndra filed for Chapter 11 bankruptcy protection earlier this month and laid off its 1,100 employees.[/size]
[size=4]
The Fremont, Calif.-based company was the first renewable-energy company to receive a loan guarantee under a stimulus-law program to encourage green energy and was frequently touted by the Obama administration as a model. Obama visited the company's Silicon Valley headquarters last year, and Vice President Joe Biden spoke by satellite at its groundbreaking.[/size]
[size=4]
Since then, the implosion of the company and revelations that the administration hurried Office of Management and Budget officials to finish their review of the loan in time for the September 2009 groundbreaking has become an embarrassment for Obama as he sells his new job-creation program around the country.[/size]
[size=4]
An Associated Press review of regulatory filings shows that Solyndra was hemorrhaging hundreds of millions of dollars for years before the Obama administration signed off on the original $535 million loan guarantee in September 2009. The company eventually got $528 million.[/size]

Share this post


Link to post
Share on other sites
 
Hoy los pusieron a testificar en el Congreso (en la Camara ya que el Senado es Democrata no les importa este medio billon de dolares que Obama regalo). Inmediatamente se cobijaron bajo la 5ta Enmienda.




[img]http://graphics8.nytimes.com/images/2011/09/23/us/SOLAR-1/SOLAR-1-articleLarge.jpg[/img]
President Obama toured Solyndra, a solar panel manufacturer in Fremont, Calif., in May 2010. There were signs that the company's business plan was imploding.


El titulo deberia leer "...Ignored Warning Signs":

[b] [size=5] In Rush to Assist Solyndra, U.S. Missed Warning Signs[/size][/b]

[url="http://www.nytimes.com/2011/09/23/us/politics/in-rush-to-assist-solyndra-united-states-missed-warning-signs.html?_r=1&ref=politics"]http://www.nytimes.c...=1&ref=politics[/url]
WASHINGTON — President Obama’s visit to the [url="http://topics.nytimes.com/top/news/business/companies/solyndra/index.html?inline=nyt-org"]Solyndra[/url] solar panel factory in California last year was choreographed down to the last detail — the 20-by-30-foot American flags, the corporate banners hung just so, the special lighting, even coffee and doughnuts for the Secret Service detail.


[size=4]“It’s here that companies like Solyndra are leading the way toward a brighter and more prosperous future,” the president declared in May 2010 to the assembled workers and executives. The start-up business had received a $535 million federal loan guarantee, offered in part to reassert American dominance in solar technology while generating thousands of jobs.[/size]

[size=4]But behind the pomp and pageantry, Solyndra was rotting inside, hemorrhaging cash so quickly that within weeks of Mr. Obama’s visit, the company canceled plans to offer shares to the public. Barely a year later, Solyndra has become one of the administration’s most costly fumbles after the company declared bankruptcy, laid off 1,100 workers and was raided by F.B.I. agents seeking evidence of possible fraud.[/size]

[size=4]Solyndra’s two top officers are to appear Friday before a House investigative committee where, their lawyers say, they will assert their Fifth Amendment right against self-incrimination.[/size]

[size=4]The government’s backing of Solyndra, which could cost taxpayers more than a half-billion dollars, came as the politically well-connected business began an extensive lobbying campaign that appears to have blinded government officials to the company’s financial condition and the risks of the investment, according to a review of government documents and interviews with administration officials and industry analysts.[/size]

[size=4]While no evidence has emerged that political favoritism played a role in what administration officials assert were merit-based decisions, Solyndra drew plenty of high-level attention. Its lobbyists corresponded frequently and met at least three times with an aide to a top White House official, Valerie B. Jarrett, to push for loans, tax breaks and other government assistance.[/size]

[b][color=#ff0000]"Merit-based" a una industria que no hace dinero si no es a fuerza de ayuda de millones del gobierno? Freemont donde esta la fabrica esta en un distrito democrata en California al sur de Oakland.[/color][/b]

Share this post


Link to post
Share on other sites
 
So segun estos hipocritas , Obama ayudo esta compañia por ayudar un donante....uhmmmmmmmmmmmmmmmm y eso no es lo que ha hecho por años la Perry? La verdad que parece que estan desesperados!! Estos idiotas son los reyes en pillaje, mentiras, hipocrecia y inmoralidad.. :idiot:

[size=6][b]Republicans Decrying 'Job Killing' Green Energy Agenda Have Sought Green Jobs For Their Own Districts[/b][/size]

[size=4][b]WASHINGTON -- The GOP-led House Oversight Committee may be accusing the White House of a [url="http://1.usa.gov/qqYdPt"][color="#0088c3"]"job killing"[/color][/url] green energy agenda in a hearing Thursday -- [color=#FF0000]but at least ten Republicans on the panel have signed letters seeking to land green energy jobs in their districts.[/color][/b][/size]

[size=6][b][color=#FF0000][size=4]In dozens of letters obtained by The Huffington Post, the lawmakers, led by Chairman Darrell Issa (R-Calif.), argue convincingly about Department of Energy funding going to their favored projects, often touting the job-creating potential of numerous endeavors.[/size][/color][/b][/size]
[size=6][/size]
[size=6][b][size=4]The issue erupted earlier this month when reports broke that the bankrupt solar manufacturer Solyndra, which got $535 million in loan guarantees from the stimulus bill, was raided by the FBI.[/size][/b][/size]

[b][size=4][size=7][color=#FF0000]Although the guaranteed loan project began under the Bush administration[/color][/size], many Republicans were quick to hammer the deal as evidence of "cronyism" -- and proof that Obama's key green jobs effort was a huge bust.[/size][/b]

[b][size=4]As it turns out, many of the committee members set to grill Obama administration officials Thursday were plenty eager to help constituents cash in on the efforts.[/size][/b]

[b][size=4]Fred Hill, a spokesman for Issa, said the fact that lawmakers sought approval of their own projects misses the point.[/size][/b]
[b][size=4]"The Obama administration appears confused about the nature of the controversy," he said in a statement.[/size][/b]
[b][size=4][/size][/b]
[b][size=4]"The issue isn’t that members of Congress from both parties have signed letters supporting some green projects, it’s that roughly $90 billion set aside for efforts handpicked by the administration haven’t had a meaningful impact on lowering unemployment and that some companies -- like Solyndra -- appear to have received special treatment," he said, referring to the overall amount the president's Council of Economic Advisers put toward the green push.[/size][/b]
[b][size=4][url="http://big.assets.huffingtonpost.com/IssaLtrs.pdf"][color="#0088c3"]Issa's letters seeking projects[/color][/url] in his sunny California district were first reported [url="http://bit.ly/pkVwFF"][color="#0088c3"]by Bloomberg[/color][/url] after he was especially critical of Obama's efforts.[/size][/b]

[b][size=4]But other harsh critics seeking funding are Reps. Dan Burton (R-Ind.), Jason Chaffetz (R-Utah) and Raul Labrador (R-Idaho).[/size][/b]

[b][color=#FF0000][size=4]Burton, the second-ranking Republican on the committee, [/size][/color][size=4][url="http://bit.ly/pUoCxy"][color=#FF0000]slammed the Obama effort[/color][/url][/size][color=#FF0000][size=4] on Fox News, saying the Solyndra mess looks just like part of a Democratic pattern, and arguing that "the green thing is a scam in the first place."[/size][/color][/b]
[b][color=#FF0000][size=4]But he signed seven letters seeking green projects -- often with the rest of the Indiana delegation -- including for Abound Solar, which, like Solyndra, is aiming to manufacture solar panels.[/size][/color][/b]

[b][size=4]"Abound Solar plans to create almost a thousand full-time jobs that the company and state officials estimate will generate several hundred million dollars in revenue," [url="http://big.assets.huffingtonpost.com/BurtonLtr.pdf"][color="#0088c3"]Burton and other Hoosier-state lawmakers wrote[/color][/url], employing similar language as the White House to justifiy such projects.[/size][/b]

[b][size=4]Abound secured a $400 million guaranteed loan from the [url="http://bit.ly/nhQ88n"][color="#0088c3"]same program as Solyndra.[/color][/url][/size][/b]

[b][size=4]Chaffetz took to Fox News to complain the whole program [url="http://bit.ly/qJ21aj"][color="#0088c3"]could be corrupt[/color][/url]. He went to bat [url="http://big.assets.huffingtonpost.com/Chaffetzltr.pdf"][color="#0088c3"]advocating for geothermal research and the Intermountain West Geothermal Consortium[/color][/url], arguing along with others that, "if we truly want to meet the president's challenge to bring more renewable energy online, to stimulate industry and create jobs, and bolster our education and research intrastructure, then this is the type of group that can do so and do so quickly."[/size][/b]

[b][size=4][url="http://big.assets.huffingtonpost.com/LabradorLtrs.pdf"][color="#0088c3"]Labrador sought[/color][/url] a resolution [url="http://bit.ly/raFrnf"][color="#0088c3"]back in May[/color][/url] ending all such energy subsidies, grants and loans. But just two weeks later, he signed a letter with three other Republicans asking the Department of Energy's loan program to speed up a loan approved for the Idaho-based U.S. Geothermal.[/size][/b]

[b][size=4]Other members of the committee who sought green energy projects include, Reps. [url="http://big.assets.huffingtonpost.com/MackLtr.pdf"][color="#0088c3"]Connie Mack[/color][/url] (R-Fla.), [url="http://big.assets.huffingtonpost.com/GowdyLtrs.pdf"][color="#0088c3"]Tret Gowdy[/color][/url] (R-S.C.), [url="http://big.assets.huffingtonpost.com/McHenryLtrs.pdf"][color="#0088c3"]Patrick McHenry[/color][/url] (R-S.C.), [url="http://big.assets.huffingtonpost.com/FarentholdLtr.pdf"][color="#0088c3"]Blake Farenthold[/color][/url] (R-Texas), John [url="http://big.assets.huffingtonpost.com/MicaLtr.pdf"][color="#0088c3"]Mica[/color][/url] (R-Fla.) and Todd [url="http://big.assets.huffingtonpost.com/PlattsLtrs.pdf"][color="#0088c3"]Platts[/color][/url] (R-Pa.).[/size][/b]
[b][size=4][b]Update: 10:30 p.m.[/b][/size][/b]

[b][size=4]Democrats on the committee were unable to comment immediately Wednesday night, but a committee staffer found the revelations stunning.[/size][/b]

[b][color=#FF0000][size=4]“The Republicans actually don’t seem to understand their hypocrisy," the committee aide said. "They trash the entire clean energy program after writing glowing letters to commend it. The truth is the program works, which is why they want the money for their districts.”[/size][/color][/b]

Share this post


Link to post
Share on other sites
 
Es verdad Mima, muchos republicanos son hipócritas y cometen los mismos errores y el mismo derroche de dinero que Barack Obama. Muy buen ejemplo y gracias por exponer a aquellos que sean 'democrat-like', hay que sacarlos a la vez que sacamos a los demócratas.


Con una diferencia: Ni Abound Solar ni U.S. Geothermal, las compan~ias que el articulo refiere, han quebrado. Ya para Mayo del 2010 cuando Obama le dio el tour a la fabrica ya Solyndra iba pa'bajo (pero habia que meter esos 800 billones del Estimulo en algun lado, no?)

Share this post


Link to post
Share on other sites
 
So..... Let me see if I get this right... Obama took credit for a Bush program until it blew up in his face?????? Wasn't this going to be the most transparent administration ever????? Maybe the most orwellian...

Share this post


Link to post
Share on other sites
 
[center][size=6][color=#ff8c00][font=comic sans ms,cursive][i][b]Artaguito Solar Co.[/b][/i][/font][/color][/size][/center][left]Aprovechen y empiezen su compan~ia solar (o de viento, o de cualquier pendejada despues que diga "sustainable") mientras la administracion de Obama esta regalando nuestro dinero.[/left]





[b] [size=5]Solyndra’s $733M Plant Had Robots, Spa Showers[/size][/b]

[url="http://www.bloomberg.com/news/2011-09-28/solyndra-s-733-million-plant-had-whistling-robots-spa-showers.html"]http://www.bloomberg...pa-showers.html[/url]

[font=Arial][size=4] The glass-and-metal building that Solyndra LLC began erecting alongside Interstate 880 in Fremont, [url="http://topics.bloomberg.com/california/"]California[/url], in September 2009 was something the Silicon Valley area hadn’t seen in years: a new factory.[/size][/font]

[font=Arial][size=4] It wasn’t just any factory. When it was completed at an estimated cost of $733 million, including proceeds from a $535 million U.S. loan guarantee, it covered 300,000 square feet, the equivalent of five football fields. [color=#ff0000]It had robots that whistled Disney tunes[/color], spa-like showers with liquid-crystal displays of the water temperature, and glass-walled conference rooms.[/size][/font]

[font=Arial][size=4] “The new building is like the [url="http://topics.bloomberg.com/taj-mahal/"]Taj Mahal[/url],” John Pierce, 54, a San Jose resident who worked as a facilities manager at Solyndra, said in an interview.[/size][/font]

[font=Arial][size=4] The building, designed to make far more solar panels than Solyndra got orders for, is now shuttered, and U.S. taxpayers may be stuck with it. Solyndra filed for [url="http://topics.bloomberg.com/bankruptcy-protection/"]bankruptcy protection[/url] on Sept. 6, leaving in its wake investigations by Congress and the [url="http://topics.bloomberg.com/federal-bureau-of-investigation/"]Federal Bureau of Investigation[/url] and a Republican-fueled political embarrassment for the Obama administration, which issued the loan guarantee. About 1,100 workers lost their jobs.[/size][/font]

[font=Arial][size=4] Amid the still-unfolding postmortems, the factory stands as emblematic of money misspent and the Field of Dreams ethos that seemed to drive the venture, said Ramesh Misra, a solar-industry analyst in [url="http://topics.bloomberg.com/los-angeles/"]Los Angeles[/url] for Brigantine Advisors.[/size][/font][left][color=#0000ff][b]Pretendian vender paneles que costaban mas que el precio a pedir y todavia no saben porque. Mientras tanto hoy pase por una compan~ia aqui en Texas que construye camiones de [i]fracking[/i] que se estan vendiendo como pan caliente y sin ayuda del gobierno.[/b][/color][/left]

Share this post


Link to post
Share on other sites
 
[b] FBI Probing [img]http://s.michellemalkin.com/wp/wp-content/uploads/2011/09/s2.jpg[/img] for Possible Fraud[/b]

[url="http://www.bloomberg.com/news/2011-09-29/fbi-said-to-be-probing-solyndra-for-possible-accounting-fraud.html"]http://www.bloomberg.com/news/2011-09-29/fbi-said-to-be-probing-solyndra-for-possible-accounting-fraud.html[/url]
The FBI is investigating Solyndra LLC for possible accounting fraud and the accuracy of financial representations made to the government, according to an agency official.[font=Arial][size=4]
The FBI is examining possible misrepresentations in financial statements, according to the FBI official, who requested anonymity because the investigation is continuing.[/size][/font]
[font=Arial][size=4]
Solyndra, which made cylindrical-shaped solar panels, filed for[url="http://topics.bloomberg.com/bankruptcy-protection/"]bankruptcy protection[/url] on Sept. 6 and fired about 1,100 workers with little notice, about two years after winning a $535 million U.S. loan guarantee from the Energy Department.[/size][/font]
[font=Arial][size=4]
The company’s offices in Fremont, California, were raided by [url="http://topics.bloomberg.com/federal-bureau-of-investigation/"]Federal Bureau of Investigation[/url] agents on Sept. 8. The [url="http://topics.bloomberg.com/justice-department/"]Justice Department[/url]hasn’t said why Solyndra is being probed.[/size][/font]
[font=Arial][size=4]
“The company is not aware of any wrongdoing by Solyndra officers, directors or employees” related to the Energy Department loan guarantees or other actions and “is cooperating fully” with the U.S. Attorney in [url="http://topics.bloomberg.com/san-francisco/"]San Francisco[/url], according to a Sept. 20 statement from Solyndra. [url="http://topics.bloomberg.com/david-miller/"]David Miller[/url], a company spokesman, didn’t immediately return a phone call and an e-mail seeking comment today.[/size][/font]
[font=Arial][size=4]
Solyndra’s collapse has prompted congressional scrutiny of President Barack Obama’s administration, which issued final approval of the loan that also won support from officials in the administration of [url="http://topics.bloomberg.com/george-w.-bush/"]George W. Bush[/url].[/size][/font]

[b] White House Pressure[/b]
[font=Arial][size=4]
Republicans on the House Energy and Commerce Committee, which has investigated the loan since February, have said the administration pressured federal loan officers to expedite the review of Solyndra’s application so it could be promoted as a stimulus success story.[/size][/font]
[font=Arial][size=4]
The company was the first to receive a guarantee under the stimulus act and was the largest award given to a solar manufacturer under the program.[/size][/font]
[font=Arial][size=4]
Democrats, who dispute claims politics played a role, joined Republicans in criticizing Solyndra Chief Executive Officer Brian Harrison for what they said were misrepresentations of the company’s finances in meetings with lawmakers.[/size][/font]
[font=Arial][size=4]
“When Mr. Harrison was in my office in July, he said that Solyndra’s future was bright, with sales and production booming,” Representative Henry Waxman of [url="http://topics.bloomberg.com/california/"]California[/url], top Democrat on the Energy committee, said at a Sept. 23 hearing on where Harrison was a witness. “I’d like to know why he told me that in July, and then filed for bankruptcy one month later.”
[/size][/font]

Share this post


Link to post
Share on other sites
 
ULTIMA NOTICIA....Segun Barry Obama, toda persona con ingresos mayores de
$200,000 anuales cae bajo la definicion de millonario!

Share this post


Link to post
Share on other sites
 
El arte de hacer de una estupidez un tema....Parguito Strikes Back

Share this post


Link to post
Share on other sites
 
Vale la aclaracion que lo que Obama busca gravar no son los ingresos, sino la RIQUEZA... Por eso, muchos que tienen ingresos relativamente modestos ($200,000.00 dolares de hoy no son una sombra de lo que eran en los 1960's, antes de que LBJ jodiera todo con su "Gran Sociedad") se cuelgan en lo que podria llamarse recaudacion clasificada por "means test". Algo asi como lo que pasa con el MEDICARE donde tienes que ser un pelao para poder accesar ciertos beneficios. En este caso, bajo lo que quiere ver Obama, algunos que ganan relativamente poco, pero que si tienen caudal con valor economico pagarian mas que otros cuyo ingreso puede ser mas alto pero que carecen de caudal(riqueza).

Pero yendo al tema, [url="http://www.washingtonpost.com/politics/white-house-pushed-500-million-loan-to-solar-company-now-under-investigation/2011/09/13/gIQAr3WbQK_story.html"]Parte de la razon por la que la administracion de Obama puso este huevo cuadrado de medio billon de dolaritos fue por que si se tardaban llevando a cabo todo el trabajo de debidas diligencias, el Vice Presidente, Joe Bidenno podria anunciar la aprobacion del gasto (inversion no es una palabra adecuada aqui) en una funcion en septiembre del 2009 donde se iniciaba la construccion de la nueva planta de la empresa[/url].

Claro que hubo otros factores como el hecho de que China apoyo a su mayor fabricante de equipo solar con una linea de credito de $30 billones... No es esto de la globalizacion y los mercados libres una chuleria???? El problema aqui no es tanto que los Chinos subsidian sus industrias estrategicas, sino que los EEUU no lo hacen, prefiriendo sin embargo el subsidio a otras industrias menos estrategicas pero mas "provechosas" para wall street y los famosos contratistas de defensa. Solyndra dejo mas de mil desempleados directos, Eso contrasta con los esfuerzos de las dos administraciones en salvaguardar los intereses de las elites financieras que le han costado TRILLONES al erario publico y a futuros contribuyentes. Estos accionistas y sus agentes de corretaje son los mismos que a nombre de los mercados libres recortaron los impuestos de las corporaciones y de los ricos, derregularon industrias y la banca y apoyaron una ofensiva corporativista en contra del empleo, los salarios y condiciones de vida de la clase trabajadora. Estos mismos individuos son los que han ido recortando costos desde los 1970's a la vez que han incrementado los margenes de ganancias enviando empleos de este pais a plataformas laborales de salarios bajos(lease, tercermundistas). Sin embargo, estas empresas (muchas de ellas americanas) que abandonaron nuestro pais por fabricas y entidades extranjeras en aras de ocultar sus bienes y evadir pagar contribuciones en zonas de "libre comercio" y otras zonas industriales donde la alta productividad y bajos costos de mano de obra eran garantizados por regimenes represivos se jartaron como las sanguijuelas que son. Como resultado industrias enteras se han desaparecido del ambito nacional y enormes areas del pais se han quedado convertidas en zonas economicamente muertas y despojos socioeconomicos. La Casa Blanca esta hablando de recortar beneficios de MEDICARE a la vez que las fuerzas Armadas hablan de defender cada centavo de gasto belico para defendernos de.... Al-Quaeda?????
El TARP solo sirvio para recompensar la conducta fraudulenta de los "Banksters" y el invento de Obama no va a reducir la deuda, sino que busca reinflar la "burbuja" del valor de la propiedad.. Esto de por si no tiene sentido, y mucho menos cuando los empresarios y sus empresas tienen un sobreabasto de capital de mas de dos trillones de dolares.

Mientras tanto, todavia no se ha visto a un solo de los bribones de Goldman Sachs llegar a corte esposado y/o enfrentando cargos por la manipulacion maliciosa de instrumentos bursatiles.

Uno de los accionistas mas importantes de Solyndra es George Kaiser, quien tambien es un "bundler" de Obama. Segun las bitacoras de visitantes de la Casa Blanca, Kaiser ha visitado a Obama 16 veces desde el 2009. Otro accionista significativo era una empresa de nombre Madrone Capitol afiliada a la familia Walton que le ha contribuido millones al GOP. En otras palabras, al final del dia, Solyndra es el mismo problema de Obama que lo era para Bush. Uno de capitalismo amiguista donde se beneficia aquel que cuenta con derecho de picaporte con el poder que reparte el dinero del pueblo.

Recomiendo que consideren a Herman Cain como posible opcion a la presidencia... 100% conservador y 100% afroamericano.

Share this post


Link to post
Share on other sites
 
Pero Heman Cain rechaza lo que dijiste (o citaste) en el párrafo grande sobre "esconder" ganancias e irse a otros países. Las corporaciones tienen una obligación hacia sus accionistas de crearles ganancias, si las condiciones en EEUU no son buenas, es la obligación de esas juntas de directores de buscar nuevas oportunidades aunque sean en otros países.

Y es la obligación de los lideres de nuestro gobierno fomentar que esas oportunidades se den aquí en nuestro país, y aumentando los taxes y regulaciones es exactamente lo contrario a eso.

El socialista se cree que la manera de mantener corporaciones produciendo en nuestro país es obligandolos a hacerlo por medio de castigos si no lo hacen. Ya que las corporaciones son avaras y naturalmente malas para ellos, solo el garrote funciona.

El capitalista usa el incentivo para atraerlas, ya que correctamente considera las corporaciones y la inversión en ellas el motor para crearle riquezas al país.

Share this post


Link to post
Share on other sites
 
[img]http://a8.sphotos.ak.fbcdn.net/hphotos-ak-ash4/293993_10150334588394591_567294590_7905263_1849286129_n.jpg[/img]

Share this post


Link to post
Share on other sites
 
El interes nacional es mas importante que las ansias de ganancia no tributable. Si se quieren ir a producir a China, que se vayan a vivir a China. Si quieren vender en los EEUU, sus productos no deben de gozar una mayor ventaja que la que tienen los fabricantes que se han quedado en el Pais.

Share this post


Link to post
Share on other sites
 
[quote name='charlie319' timestamp='1317401772' post='2938833']
El interes nacional es mas importante que las ansias de ganancia no tributable. Si se quieren ir a producir a China, que se vayan a vivir a China. Si quieren vender en los EEUU, sus productos no deben de gozar una mayor ventaja que la que tienen los fabricantes que se han quedado en el Pais.
[/quote]


WUUUAAAA!!! WUUUAAA!!!!! Saquen el pañuelo para que el nene llore.

[img]http://www.chiropractic-help.com/images/baby-crying.jpg[/img]
Debe ser por eso que no eres presidente, verdad Carlota?

Share this post


Link to post
Share on other sites
 
No. Creo que es porque no tengo un tatuaje de leon en el hombro y cara de joto.... Es casi seguro que Obama tiene un tatuaje como el tuyo...

Share this post


Link to post
Share on other sites
 
[b] [size=4][b]Ya estos liberales y envirosocialistas han tratado el "Blame Bush" en esto, pero no les funciono:[/b][/size][/b]



[b] Solyndra loan deal: Warnings about legality came from within Obama administration[/b]

[b] By [url="http://www.washingtonpost.com/joe-stephens/2011/03/02/ABd6xmP_page.html"]Joe Stephens[/url] and [url="http://www.washingtonpost.com/carol-d-leonnig/2011/02/25/ABOF4CJ_page.html"]Carol D. Leonnig[/url], Published: October 7[/b]
[url="http://www.washingtonpost.com/politics/solyndra-obama-and-rahm-emanuel-pushed-to-spotlight-energy-company/2011/10/07/gIQACDqSTL_print.html"]http://www.washingtonpost.com/politics/solyndra-obama-and-rahm-emanuel-pushed-to-spotlight-energy-company/2011/10/07/gIQACDqSTL_print.html[/url]

[url="http://www.whorunsgov.com/institutions/energy"]Energy Department[/url] officials were warned that their plan to help a failing solar company by restructuring its $535 million federal loan could violate the law and should be cleared with the [url="http://www.whorunsgov.com/institutions/justice"]Justice Department[/url], according to newly obtained e-mails from within the Obama administration.
The e-mails show that Energy Department officials moved ahead anyway with a new deal that would repay company investors before taxpayers if the company defaulted. The e-mails, which were reviewed by The Washington Post, show for the first time concerns within the administration about the legality of the Energy Department’s extraordinary efforts to help [url="http://www.washingtonpost.com/politics/solar-company-fails-after-getting-federal-loan-guarantees/2011/08/31/gIQAaDvisJ_gallery.html"]Solyndra, the California solar company that went bankrupt Aug. 31[/url].
The [url="http://www.whorunsgov.com/Institutions/Justice/Offices/AG/DAG/FBI"]FBI[/url] raided Solyndra last month, shortly after it closed its doors.
The records provided Friday by a government source also show that an Energy Department stimulus adviser, Steve Spinner, pushed for Solyndra’s loan despite having recused himself because his wife’s law firm did work for the company. Spinner, who left the agency in September 2010, did not respond to requests for comment Friday.
The documents offer new evidence of wide disagreement between officials at the Energy Department and officials at the [url="http://www.whorunsgov.com/institutions/treasury"]Treasury Department[/url] and [url="http://www.whorunsgov.com/Institutions/White_House/Offices/COS/OMB"]Office of Management and Budget[/url], where questions were raised about the carefulness of the loan vetting process used to select Solyndra and the special help it was given as its finances deteriorated. Energy Department officials continued to make loan payments to the company even after it had defaulted on the terms of its loan.
The Solyndra controversy has escalated with each new release of documents to a Republican-led House energy subcommittee investigating the matter. [url="http://www.washingtonpost.com/politics/obama-challenges-republicans-to-explain-opposition-to-jobs-bill/2011/10/06/gIQAhueMQL_story.html"]President Obama defended the Energy Department in a news conference Thursday[/url], saying its decisions were made by career professionals. Also Thursday, [url="http://www.washingtonpost.com/national/health-science/jonathan-silver-head-of-doe-loan-guarantee-program-to-step-down/2011/10/06/gIQAzQmlQL_story.html"]the head of the embattled loan program announced that he would step down[/url], although Energy Department officials said he was not doing so because of the Solyndra matter.
As Republican committee leaders moved to get more information about warnings from Treasury and the OMB, an Energy spokesman, Damien LaVera, said agency officials had listened to Treasury’s advice to consult the Justice Department on the loan restructuring but felt it was appropriate to move forward.
“Ultimately, DOE’s determination that the restructuring was legal was made by career lawyers in the loan program based on a careful analysis of the statute,” he said.
The e-mails show that [url="http://www.whorunsgov.com/Profiles/Mary_J._Miller"]Mary Miller, an assistant Treasury secretary[/url], wrote to [url="http://www.whorunsgov.com/Profiles/Jeffrey_D._Zients"]Jeffrey D. Zients, deputy OMB director[/url], expressing concern. She said that the deal could violate federal law because it put investors’ interests ahead of taxpayers’ and that she had advised that it should be reviewed by the Justice Department.
“To our knowledge that never happened,” Miller wrote in a Aug. 17, 2011, memo to the OMB.
In February, the restructuring was approved by [url="http://www.washingtonpost.com/politics/chu-takes-responsibility-for-a-loan-deal-that-put-more-taxpayer-money-at-risk-in-solyndra/2011/09/29/gIQArdYQ8K_story.html"]Energy Secretary Steven Chu[/url].
Company executives said they needed a quick cash infusion to save the company, and private investors agreed to contribute $75 million if loan repayment terms were modified.
Solyndra [url="http://www.washingtonpost.com/politics/house-judiciary-chairman-justice-should-probe-solyndra-bankruptcy/2011/09/19/gIQAfD9NgK_story.html"]ran out of money[/url] anyway and sought bankruptcy court protection, leaving 1,100 employees out of work. The loan refinancing now makes it likely that taxpayers will have to make up most of the loss, the e-mails show. [color=#ff0000][b]The Treasury Department’s general counsel had concluded that the renegotiated loan violated the law because it allowed private investors to be first in line for repayment in case of a default.[/b][/color]
[color=#ff0000][b]Those private investors include investment funds linked to [/b][/color][b][url="http://www.washingtonpost.com/politics/investment-in-failed-solar-firm-solyndra-raises-questions-about-nonprofits-purpose/2011/09/27/gIQAVByZ2K_story.html"][color=#ff0000]George Kaiser[/color][/url][/b][color=#ff0000][b], a Tulsa billionaire and Obama fundraiser.[/b][/color] Kaiser has said he had no involvement in the loan.
The correspondence also suggests that, at the most senior levels at the White House and down through its ranks, the Obama administration wanted to use the Solyndra loan to highlight progress under the stimulus act.
Republicans on the [url="http://www.whorunsgov.com/people/Congress/House_Committees/Energy_and_Commerce"]House Energy and Commerce Committee[/url], which has been investigating the loan, issued a statement Friday saying the correspondence showed a “disturbingly close relationship between President Obama’s West Wing inner circle, campaign donors, and wealthy investors.”
“After 8 months of stonewalling by this Administration, today we finally learn one of the reasons why they fought our investigation every step of the way,” the statement said.
One participant in the Solyndra effort, according to the e-mails, was Spinner. He pressed for OMB officials to speed up review of the Solyndra loan, writing at one point: “Any word from OMB? I have the OVP [Office of the Vice President] and WH [White House] breathing down my neck on this.”
Spinner came from Silicon Valley to serve as a senior adviser on the loan program, and his wife was a lawyer with Wilson Sonsini, the law firm representing Solyndra in its application. Despite an ethics agreement under which he said he would recuse himself from Solyndra’s loan application, correspondence shows that Spinner defended the company, worked to get the president or vice president to visit its factory, and pushed for a final decision on approving the company’s loan.
“How [expletive] hard is this?” Spinner wrote to a career staffer on Aug. 28, 2009, asking for answers about final approval from an OMB official. “What is he waiting for? Will we have it by the end of the day?”
In an Aug. 19, 2009, e-mail, an aide to then-White House Chief of Staff Rahm Emanuel asked Spinner if he could discuss any concerns among the investment community about Solyndra.
Spinner dismissed the idea that Solyndra had financial problems.
“I haven’t heard anything negative on my side,” he said.
A day after a discussion about possible problems at Solyndra, Spinner forwarded to the chief of staff’s aide a list of Solyndra’s main investors and attached a published profile of Kaiser.
Spinner is now a fellow at the [url="http://www.americanprogress.org/"]Center for American Progress[/url], a Democratic think tank.
A senior administration official declined to comment Friday when asked if Spinner violated his recusal agreement.
LaVera, the Energy Department spokesman, said Spinner “was authorized to oversee and monitor the progress of applications, ensure that the program met its deadlines and milestones, and coordinate possible public announcements,” because his wife gave up payments related to loan project clients. “He was not allowed to make decisions on the terms or conditions of any particular loan guarantee or decide whether or not a particular transaction was approved,” LaVera said. “This arrangement was reviewed and approved by the department’s career ethics officer.”
The e-mails also added more evidence that venture capitalists had access to senior White House decision makers.
David Prend, whose firm Rockport Capital was also a Solyndra investor, wrote a March 2009 e-mail to the White House two weeks before Solyndra won conditional commitment on its loan. Prend thanked Greg Nelson, a White House clean-technology aide, for meeting with him.
“It was great to meet you with [[url="http://www.whorunsgov.com/Profiles/Carol_M._Browner"]then-White House climate czar] Carol Browner[/url] last week,” he wrote. “I look forward to working with you to get the message out and to effect real change in the Energy Industry. I will follow up shortly on 2 of the companies we discussed,” mentioning Solyndra as one.

Share this post


Link to post
Share on other sites
 
[quote name='Artaguito' timestamp='1316396299' post='2938042']
[b] [color=#000080]Esto demuestra el 'crony capitalism' de Obama mas la grotesca ficción liberal de favorecer corporaciones de 'renewable energy' aunque la tecnología ni el mercado las hace viables. [/color][/b]
[/quote]

podria ser cierto ...
tambien podria demostrar el enorme rol que juega la industria del petroleo, amo de nuestros medios de comunicacion (cuenten los comerciales de carros y gasolineras en las noticias), en el raro modo en que solo ciertos escandalos causan indignacion pero otros no

Share this post


Link to post
Share on other sites
 
Mira ver si la industria de petroleo tiene culpa de esto:



[b] [size=5]SunPower: Twice As Bad As Solyndra, Twice As Bad For Obama[/size][/b]
[size=5][b]Congressman's son lobbied for failing solar panel company[/b][/size]

[b]by [url="http://www.humanevents.com/search.php?author_name=Neil%20W.+McCabe"]Neil W. McCabe[/url][/b]

10/11/2011


[url="http://www.humanevents.com/article.php?id=46761"]http://www.humaneven...le.php?id=46761[/url]

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a [b]$1.2 billion[/b] federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

[color=#ff0000]The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.[/color]

Two men with insight into the process are SunPower rooter Rep. George R. Miller III, ([b][color=#ff0000]D[/color][/b].-Calif.), the senior Democrat on the House Education and Workforce Committee and the co-chairman of the [color=#ff0000][b]Democratic[/b][/color] Steering and Policy Committee, and his SunPower lobbyist son, George Miller IV.

Miller the Elder is a strong advocate for SunPower, which converted an old Richmond, Calif., Ford plant in his district to a panel-manufacturing facility.

The congressman hosted an Oct. 14, 2010, tour of the plant with company CEO Thomas H. Werner and Interior Secretary Kenneth L. Salazar to promote the company’s fortunes.

“The path to a clean energy economy starts here, in places like SunPower’s research and development facility,” said Salazar during the tour.

“The work that comes from these facilities transforms renewable energy ideas into a reality. When renewable energy companies continue to invest in places like California, the realization of a new energy future is within our reach,” he said.

Miller the Elder said he was grateful for Salazar's interest.

“We’ve worked hard to make renewable energy a priority because it represents America’s future economic growth. Today, businesses like SunPower are moving forward, hiring 200 people for good clean energy jobs in the East Bay,” he said.

“By fostering a business climate that encourages companies like SunPower, even more good jobs will be created locally, we’ll reduce demand for dirty energy sources, and we’ll cut customers’ utility bills. That’s the right direction,” he said.

SunPower’s political action committee (PAC) was not shy about participating in the political process either.

According to the SunPower PAC filings for its activities in the 2010 midterm election campaign cycle, it donated more than $36,000. Of the $15,650 donated to House and Senate candidates, $14,650 went to[color=#ff0000][b] Democrats[/b][/color], with these top recipients: $4,000 to Sen. Harry Reid ([color=#ff0000][b]D[/b][/color].-Nev.), $3,000 to Rep. Gabrielle Gifford ([color=#ff0000][b]D[/b][/color].-Ariz.) and $2,900 Sen. Barbara Boxer ([color=#ff0000][b]D[/b][/color].-Calif.).

The congressman was not forgotten either. The SunPower PAC remembered him with $500 for his 2010 campaign. While SunPower was a financial partner in the congressman’s reelection campaign, it straight-out hired his son.

Miller the Younger is not registered to lobby in Washington, but he is a member of its bar. He is not a member of the California bar, home of his lobbying firm, Lang, Hansen, O'Malley and Miller (LHOM), of which he is a founding partner.

According the firm's website LHOM specializes in providing advice to clients on larger macro political issues trends. “Utilizing our broad experience in California and Washington, D.C., we can furnish 'big picture' analysis of developing political and policy trends which may affect client interests and goals.”

What does Miller the Younger bring? Read here: “George Miller brings a lifetime of friendships, relationships, and contacts together with over 15 years of front-line advocacy experience. He’s an attorney with expertise that ranges from insurance and banking to transportation, taxation and gaming law,” according to the website. “Unlike most advocates, George is at ease working both the corridors of Sacramento power or the halls of Congress.”

[b]What is the stated purpose of the SunPower’s DOE 1705 program loan guarantee?[/b]

SunPower has different lines of business. In addition to manufacturing solar panel and roof tiles, it builds solar panel ranches, which it then sells off, but retains the services contract.

The loan guarantee is earmarked for the job numbers for the California Valley Solar Ranch (CVSR) in San Luis Obispo County, which it has already sold to NRG Solar, but will continue to maintain.

According to the Department of Energy (DOE) website, the CVSR project will create 350 construction jobs during the two-year build and 15 permanent jobs—presumably those are the squeegee men for keeping the panels clean.

Share this post


Link to post
Share on other sites
 
No se vayan, que este escandalo se niega a quedarse bajo-tierra....

[url="http://blogs.dailymail.com/donsurber/archives/45935"]http://blogs.dailyma.../archives/45935[/url]
[left][u]While everyone else in the political universe is chasing down rumors about Herman Cain making women uncomfortable, Fox News got down on the real scandal: President Obama giving a half-billion dollars of public money to as major campaign donor.[/u][/left][left]From [url="http://www.foxnews.com/politics/2011/11/09/solyndra-emails-claim-bidens-staff-about-had-orgasm-about-energy-loans-to-firm/"][color=#009933]Fox News[/color][/url]: “[u]A series of emails provided to the House Energy and Commerce Committee from individuals tied to Solyndra offer striking characterizations about running strategy with the White House to secure assistance for the now-bankrupt solar energy firm. Emails among George Kaiser, head of the George Kaiser Family Foundation; Ken Levit, the executive director of the Foundation; and Steve Mitchell, who manages Argonaut Private Equity and was a member of Solyndra’s board; show that Vice President Joe Biden’s office were very gung-ho.”[/u][/left][left]Levit to Mitchell in an e-mail: “They about had an orgasm in Biden’s office when we mentioned Solyndra.”[/left][left]Mitchell to Levit in an e-mail response: “That’s awesome! Get us a loan.”[/left][left][b]We know why George Kaiser is rich. He turned a $100,000 investment in a first-term junior senator into a half-billion bucks.[/b][/left][left]Linked by [url="http://pjmedia.com/instapundit/131401/"][color=#009933]Glenn Reynolds[/color][/url]. Thanks.[/left][left]Y mas detalle:[/left]

[b] [url="http://www.sfexaminer.com/opinion/op-eds/2011/11/executive-privilege-claim-looms-ahead-solyndra-case#ixzz1dQftv8XJ"]‘Executive privilege’ claim looms ahead in Solyndra case[/url][/b]


By: [url="http://www.sfexaminer.com/people/gene-healy"]Gene Healy[/url] | 11/09/11 7:15 PM
[i]Examiner Columnist[/i]

On Friday, citing “longstanding and important executive branch confidentiality interests,” White House counsel Kathryn Ruemmler refused a House panel’s demand for “all communications among White House staff and officials” relating to Solyndra.

Solyndra is one of the administration’s pet green energy firms. It received a $535 million loan guarantee from the Department of Energy before its top executives took the Fifth before Congress.

What’s been unearthed so far is embarrassing enough. The Obama administration seems to have rushed the deal through despite multiple warning flags and a lack of due diligence.

[b]The now-bankrupt firm, whose largest shareholder is a major Obama fundraiser, spent some $1.8 million on lobbying while waiting for the guarantee.[/b]

President Barack Obama’s legal team hasn’t yet made an explicit claim of executive privilege, but that seems to be where this is heading.

[b]Executive privilege is a judge-made doctrine said to flow from the president’s constitutional role. A privilege claim is stronger in national security matters and areas, like the pardon power, over which the Constitution gives the president sole discretion.[/b]

[b][u]It’s weaker where, as here, the president’s alleged “confidentiality interests” involve shielding potential malfeasance from the taxpayers on the hook for Solyndra’s bankruptcy.[/u][/b]

But since the courts are reluctant to wade into inter-branch disputes, the struggle for executive-branch transparency is often resolved in a tug of war between the White House and Congress.

In 1996, for example, President Bill Clinton claimed executive privilege over documents related to the Travelgate scandal, but a threat to cite the White House Counsel for contempt of Congress forced a climb-down.

A partial climb-down is possible here too, as pressure builds.

Meanwhile, as is so often the case in politics, the real scandal is what’s gone on in broad daylight. Solyndra is a perfect illustration of the dangers of “partnership” between government and business.

[b]In this half-socialized, corporatist sector of privatized profit and socialized loss, we’re only “all in it together” if a federally favored company goes belly-up — as Solyndra did, sticking the taxpayer with the tab.[/b]

[u]In the days after Obama’s inauguration, Jeffrey Immelt — the General Electric CEO who would go on to head up the president’s Council on Jobs and Competitiveness — celebrated the emerging new order.

“The global economy and capitalism will be ‘reset’ in several important ways — the interaction between government and business will change forever,” Immelt said.[/u]

With the federal government serving as “a regulator; an industry policy champion, a financier and a key partner,” Immelt wrote, this environment would present “an opportunity of a lifetime.”

That forecast was spot-on. As I noted in a recent column, the latest census figures show that in 2011, Washington, D.C., overtook Silicon Valley as the wealthiest metropolitan area in the United States. It may be hard times out there in flyover country, but it’s boom times for federal power brokers here in D.C.

[i]Examiner columnist Gene Healy is a vice president at the Cato Institute and author of “The Cult of the Presidency.”[/i]
No era este el modelo industrial Nazi???? Edited by charlie319

Share this post


Link to post
Share on other sites
 
Gente: Y SIGUE LA MATA DANDO:

[b] Solyndra Case Reveals Gateway Between Administration Loans, Obama Allies[/b]


Published November 16, 2011 | FoxNews.com


As the [url="http://www.foxnews.com/topics/politics/white-house.htm#r_src=ramp"]White House[/url] rejects charges that the Obama administration was motivated by politics in its decisions on green energy loans, scrutiny is increasing over the preference given to Democratic donors seeking federal loans.

Recent emails suggest that politics did play a role in administration decisions regarding its energy loan guarantee programs. But beyond the timing of political announcements, the Solyndra investigation has churned up questions about the White House's overall strategy of doling out taxpayer money.

The rolls of green energy subsidies show that beyond a few headline-grabbing cases, several well-connected Democrats obtained taxpayer assistance for environmentally friendly projects.
Among the recipients are:
-- Solyndra, which received $535 million in loan guarantees and whose chief investor was Obama campaign bundler, George Kaiser;
-- [u]Brightsource Energy, which received $1.6 billion and whose senior adviser is Robert Kennedy, Jr., an early Obama backer[/u];
-- [u]Solar Reserve, which got a $737 million loan, and whose major investor, Michael Froman[/u], [b]was a deputy assistant to the president. Froman bundled up to $500,000 for the president's 2008 campaign[/b];
-- [b]Granite Reliable Wind Generation[/b], which received a $168.9 million loan. The company's majority owner is [b]Nancy Ann DeParle, a White House deputy chief of staff and former head of the president's health care communications team during the reform debate[/b]; and
-- [b]Abound Solar, which received $400 million in grants[/b]. A key investor is billionaire heiress Pat Stryker, who gave $87,000 to Obama's inauguration committee, and hundreds of thousands more to Democratic causes.
[u]Peter Schweizer, author of the book, "Throw Them All Out," wrote that at least 10 members of Obama's finance committee and more than a dozen of his campaign bundlers took money from administration loan programs[/u].
Schweizer told Fox News that he believes that [b]many of those who were chosen to receive loan guarantees, were picked almost solely for their success in raising money for the Obama campaign[/b].
Obama used the alternative energy program as an opportunity to make his campaign contributors "even more wealthy than they are," he said.
[b]"This is a payoff to people who are your political backers and supporters. And this is really a wealth transfer from middle class taxpayers to billionaires," [/b]Schweizer said, adding that about [b]75 percent of the loans and grants doled out by the federal government has gone to "Obama-connected companies"[/b] even though the acceptance rate in the program is less than 10 percent.
Nick Loris, an economic and energy policy analyst at [url="http://www.foxnews.com/topics/the-heritage-foundation.htm#r_src=ramp"]the Heritage Foundation[/url], said the problem lies with the government playing the role of venture capitalist.
"This is a problem of when the government becomes involved in economic decisions that are best left for the private sector. It reduces the incentive to lower costs and innovate," he said.
He added that the Energy Department had an enormous amount of power because it received so much of the 2009 stimulus money.
[u]"The real question needs to be the merit of the loan guarantee program, why is the government picking winners and losers in the market place when there is a huge demand for electricity, there's huge demand for transportation fuels. That profit incentive (alone is enough) to drive new technologies into the market place ... and I think really the question needs to be why do we have this program in the first place," Loris said.[/u]
On Tuesday, the House Energy and Commerce Committee released emails about the loan to Solyndra, the failed solar energy company that has become the poster child for criticism over the loan program.
[b]One of the emails -- dated Oct. 30, 2010, just days before the midterm election -- conveys how the Department of Energy wanted Argonaut Equity, the biggest investor in Solyndra, to hold off on news of pending layoffs until Nov. 3, the day after the election[/b].
"[u]DOE continues to be cooperative and have indicated that they will fund the November draw on our loan (app. $40 million) but have not committed to December yet," wrote one Solyndra investor adviser. "They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3rd -- oddly they didn't give a reason for that date[/u]."
The Energy Department and White House have steadfastly maintained that loan guarantees were made strictly on their merits.
"The Republican report cites internal email from Argonaut about the timing of a press release. But as the 180,000 pages of documents that the Department of Energy turned over to the committee indicate, the department's decisions about this loan were made on the merits, based on extensive review by the experts in the loan program -- and nothing in this Republican Committee memo changes that," said Energy Department spokesman Damien LaVera.
However, the [url="http://www.foxnews.com/topics/politics/government-accountability-office.htm#r_src=ramp"]Government Accountability Office[/url] and the Energy Department's inspector general both issued critical [url="http://energy.gov/sites/prod/files/igprod/documents/IG-0849.pdf"]reports[/url] in March on the department's loan program. According to the IG report, investigators found that loan guarantee program could not always readily demonstrate "how it resolved or mitigated relevant risks prior to granting" the loans. It noted that key documents were missing from three of 18 electronic files despite federal requirements for inclusion and included only limited data for 12 additional projects.
Energy Secretary [url="http://www.foxnews.com/topics/politics/obama-administration/steven-chu.htm#r_src=ramp"]Steven Chu[/url] is expected to testify Thursday on the program to the House Energy's oversight subcommittee. He told NPR this week that the loan guarantee program analysis improved under his watch.
"We did no cut corners. We made it more thorough and diligent," he told the public radio network, adding that the application process went through professionals and "outside people" who looked at he landscape and market conditions.
But that answer does not seem credible to House Republicans, including oversight subcommittee Chairman Cliff Stearns, R-Fla., who issued a statement Wednesday saying that the committee wants to hear from Chu why "all the warnings, from inside and outside the Department of Energy, were ignored and this risky bet was allowed to happen."

[url="http://www.foxnews.com/politics/2011/11/16/solyndra-case-reveals-gateway-between-administration-loans-obama-allies/print#ixzz1dtzAhgtb"]http://www.foxnews.com/politics/2011/11/16/solyndra-case-reveals-gateway-between-administration-loans-obama-allies/print#ixzz1dtzAhgtb[/url]

Share this post


Link to post
Share on other sites
 
Sign in to follow this  
Followers 0