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And you STILL go bankrupt?

Here’s all you need to know about the newest Obama scandal … Solyndra, a company Obama touted heavily as the poster company for the alternative energy business that just went bankrupt.

The news media have been doing back-flips trying to present this story (those that are reporting on it) from in a way that doesn’t hurt Solyndra’s main cheerleader - President Obama.

You see, despite claims to the contrary, this is Obama’s baby … not George W. Bush’s whose administration rejected Solyndra’s application for funding. Check out these emails from OMB:

March 10, 2009

DOE is trying to deliver the first loan guarantee within 60 days from inauguration (the prior administration could not get this done in four years). This deal is not ready for prime time.

Jan. 13h, 2009

After canvassing the committee it was the unanimous decision not to engage in further discussions with Solyndra at this time.

Obama, despite warnings from his own Office of Management and Budget (OMB) and others that this was a bad deal, went ahead and pushed for over $520,000 in taxpayer-guaranteed loans for this crony-infested boondoggle of a “green energy” enterprise.

And exactly where DID all that money go in the months after it was awarded and to whom? And how much wound up in the pockets of lobbyists and politicians?

Officials from Solyndra visited the West Wing (that’s where the President’s Oval Office is for the rare times he’s in D.C.) around 20 times in the weeks leading up to the awarding of all that taxpayer money.

After it became clear this was an emerging disaster, those just-released e-mails reveal there was grave concern, NOT with the lost of half a billion dollars in taxpayer money, over the “optics” of the situation and how this might affect the president’s re-election.

January 31, 2011

Although the decision has already been made for OMB not to play an active role in determining what to do with Solyndra, the Director/S-I [Secretary of the Interior] meeting tomorrow might present an opportunity to flag DOE at the highest level the stakes involved, for the Secretary to do as he sees fit (and be fully informed and accountable for the decision). Although optics are generally out of our lane, it may be worthwhile for the Director to privately make this point to the Secretary:

Given the PR and policy attention Solyndra has received since 2009, the optics of a Solyndra default will be bad whenever it occurs. While the company may avoid default with a restructuring, there is also a good chance it will not. If Solyndra defaults down the road, the optics will arguably be worse later than they would be today.

This is what happens when you have people used to operating in the old “Chicago Way”.

This whole “green energy” jobs thing is a sham and, apparently, a good way to transfer money from the private sector into schemes operated by people friendly to the administration (follow the campaign contributions and bundling) and who are willing to get into bed with ideologues who think they can choose who are to be the winners and losers.

Crony capitalism (or better yet - crony socialism/fascism).

This is just the tip of the iceberg … and so typical of what happens when left-wing ideologues operate from the seats of power.

You are literally bombarded with problems, crises, scandals, misinformation, etc. to the extent it almost becomes impossible to figure out what to address first.

And when you have a complicit media bent upon circling the wagons and protecting the people they helped advance into positions of authority it becomes many times more difficult.

While some media have dutifully but reluctantly reported on the scandal half-heartedly others (like MSNBC) have all but ignored it.

And the administration?

The word is Obama hasn’t even been briefed about the situation!

And even in light of other “green” companies having gone belly up, his administration is rushing ahead to award additional loan guarantees to more companies before the deadline for awarding that stimulus money expires in a couple of weeks.

It’s a pattern we’ve seen throughout this administration.

No matter how many facts, how much data, how many warnings, how loudly the American people scream to stop … it’s double down and plow straight ahead.

They’re ideologues, you see, and that’s just the way they operate … because they know better. Better than free people and better than the free market from whome they must confiscate money and property and time to advance their utopian fantasies.

Liberal ideologues are the perfect melding of idiocy and insanity … although there are those who would maintain they know EXACTLTLY what they’re doing.

I’ve always preferred to think they are mostly just delusional or ignorant but I’m starting to be convinced otherwise.

Green ... the color of money.

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