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Obama’s Solyndra Case Follows Blago’s Pattern – The Daily Caller


In light of the Solyndra bankruptcy, terms like “economic stimulus package” and “green jobs” now appear to be Team Obama code words for “kickbacks to political supporters so huge they would make a third-world despot green with envy.”

Solyndra is (or, more accurately, was) a California solar energy company that was the crown jewel of Obama’s first economic stimulus package, which cost $787 billion. Solyndra’s chief investor, George Kaiser, was also a bundler for Obama’s 2008 campaign, gathering over $50,000 in campaign contributions. Kaiser, together with Solyndra executives and board members, donated $87,050 to Obama’s campaign.

As part of the economic stimulus, Obama’s Department of Energy (DOE) fast-tracked a loan of $535 million (at the lowest interest rate granted by the DOE program) to Solyndra in 2009 to create green jobs. All other energy companies that received loans are paying an interest rate three to four times higher, and Solyndra got this amazing deal despite a Dun & Bradstreet credit rating that was only “fair.”  […]

Read More at The Daily Caller.

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