Solyndra Scandal

The Solyndra scandal continues to grow with revelations of White House favors using tax-payer funded loans and bankruptcy. Meanwhile, the Obama Administration continues to stonewall answering any questions about how and why the solar-energy company, who had made significant contributions to the Obama campaign, was given special favors for loans when they had been rated sub-par for loan requests by the Treasury’s Federal Financing Bank prior to Obama becoming President.

Solyndra Scandal

Solyndra was given over half a billion in loans at far less than its competitors. George Kaiser, a major investor in Solyndra, Obama’s poster-child for green jobs, and frequent visitor to the White House is to get his investment back before tax-payers are reimbursed for the half a billion dollar loss in the Solyndra collapse. In addition, 1,000 more people are out of work due to the company’s collapse.

From ABC News:

The $535 million loan to Solyndra Inc., issued by the U.S. Department of Treasury’s Federal Financing Bank, included a quarterly interest rate of 1.025 percent, the government bank reported in July. Of 18 Energy Department loans cited in the bank’s report, Solyndra’s rate was lowest. Eight other Energy Department projects, each also backed by the Federal Financing Bank, came with rates three or four times higher, the report shows.

That treatment is in keeping with the history of the loan to the California solar panel maker, an arrangement inked in September 2009 with great fanfare — and touted, not long after, during a factory visit from the president. Monthly government bank reports filed since then reveal Solyndra’s rate as the lowest for any energy-related project in nearly every report; in every case its rate was well below that of most energy projects, which ranged from cutting-edge electric car makers to wind and solar ventures. …

Solyndra’s most prolific financial backer is George Kaiser, an Oklahoma oil billionaire who was a bundler of campaign donations for Obama’s 2008 race. Kaiser’s Argonaut Ventures and its affiliates have been the single largest shareholder of Solyndra, according to SEC filings and other records. The company holds 39 percent of Solyndra’s parent company, bankruptcy records filed Tuesday show.

Under terms of the bankruptcy filing, investors including Argonaut — which led a $75 million round of financing for Solyndra earlier this year — will stand in line before the federal government and other creditors.

When Solyndra announced that round of fundraising this February, it noted that the DOE had refinanced terms of the $535 million loan to extend the payment period. Under an “inter-creditor agreement” cited in the bankruptcy filing, the investors in the $75 million financing are considered first lien holders. That leaves Obama officials to confront the prospect of waiting behind private companies.

It seems it time for the Obama administration to start answering some questions about the Solyndra scandal.

UPDATE: The FBI is now investigating Solyndra.

You can read more on the Solyndra scandal, here, here, here, here, here.

 
Amish

The Feds bust an Amish farm for selling unpasteurized milk. This is your tax dollars at work preventing people from choosing to drink non-government approved milk!

Amish

The Obama Administration is really going after the bad-guys in this country. First it was the Gibson Guitar company. Apparently they weren’t using Al Gore Approved (AGA) wood in their guitars. Now its the Amish in Pennsylvania. Those dastardly Amish are a dangerous lot! They have been selling unpasteurized milk!!!!

Raw milk drinkers claim that pasteurisation eliminates good bacteria and changes the taste.

But the Food and Drug Administration say unpasteurised milk can carry harmful bacteria such as salmonella, E.coli and listeria.

Sales are illegal in 11 states and the District, with other states having varying restrictions on purchase or consumption.

The FDA began to look into the farm, owned by Dan Allgyer, when an investigator used aliases to sign up to the farm’s internet group and placed orders for raw milk to be delivered to Maryland.

By crossing the state border the milk was breaking the FDA’s ban on interstate sales of raw milk.

The court papers noted that the jugs of milk were also not labelled, which is a violation of FDA regulations.

The agency then raided the farm in a 5am inspection, which found coolers labelled with Maryland town names.

The Obama Administration is reluctant to tell anyone they can’t take any drugs they want, regardless of what scientific evidence there is out there suggesting the drugs might be harmful to your health. Yet they are willing to spend millions of our tax dollars to prevent people from drinking unpasteurized milk. They say its okay for people to cross international borders illegally, but don’t send milk across state lines. You should only eat ‘organic’ food, but not unpasteurized milk because it might make you sick (although no one has gotten sick from it).

Well, I suppose we can KNOW that unpasteurized milk is not safe because that’s the only kind of milk that people drank for all millennium, right up until the turn of the 20th century and beyond and all of those people are dead.

Logic seems to be in short supply these days unless the Amish, or Rainbow Acres Farm in particular, have angered the Obama Administration in some way and this is payback. Maybe that’s why the Feds have busted an Amish farm for selling unpasteurized milk. Actually, that makes more sense then them really worrying about people drinking it. Big Bullies!

 
Barack Obama Golfing

For the first time in history the White House ignores the VFW National Conference. This year is the 112th national conference and President Barack Obama won’t be there. The veterans are furious. Luckily, Rick Perry addressed the gathering.

Barack Obama Golfing


I’m not sure I’d be so upset about Barack Obama snubbing the veterans at the 112th VFW National Conference. After all, he looks decidedly uncomfortable whenever he has to be around military men and women or veterans and he obviously has no earthly idea how to relate. Still, it is a pretty significant snub. It is the first time in the history of the VFW that a high level representative from the White House hasn’t been sent to speak at the convention since the founding of the organization 112 years ago.

Well, he’s been busy on vacation at Martha’s Vineyard and had to do that photo op at the hurricane command center and all. Not to mention, as I mentioned earlier, he seemed very uncomfortable around manly men.

The White House reported that they have tried, really tried to figure out a way to get someone there to speak to the VFW.

The Veterans of Foreign Wars convention this week will not feature a top-tier official from the Obama administration, a breach in tradition that the group’s commander described as an “insult of the highest magnitude.”

However, an administration official claimed Monday that the White House made “every effort” to provide a speaker for the event, offering up a range of top officials.

“In all instances, the VFW declined those offers,” the official said.

The veterans group is accustomed to playing host to the nation’s most powerful people at its national conference. Obama addressed the VFW in 2009, followed by Vice President Biden in 2010.

But the 2-million strong VFW accused the administration of snubbing its members by not providing a “first-tier speaker” for the first time in VFW history.

“The VFW has had a long-standing tradition of inviting the sitting president to address our convention,” Richard Eubank, national commander of the organization, said in a statement, adding that the White House typically chooses a “high-level administration official” to speak if the president cannot attend.

“It is an insult of the highest magnitude that for the first time in the history of the VFW, the White House has apparently decided that this great and iconic organization of combat veterans and all of its members are not worthy of its notice by not at least offering a first-tier speaker from the administration.”

…Deputy White House Press Secretary Josh Earnest said Monday that W. Scott Gould, deputy secretary of Veterans Affairs, will be addressing the convention.

Instead, presidential candidate, Texas Governor Rick Perry spoke. He had been invited to speak to the 112th VFW National Convention on behalf of Texas before he declared his candidacy for the presidency. The convention was held in San Antonio and Rick Perry spoke on Monday, August 29, 2011.

Personally, I would think that was a better choice for the venue anyway. Perhaps the Obama snub to the veterans was a blessing in disguise.

You can watch Rich Perry’s full speech to the VFW National Convention in the video below.


 
Dave Johnston Power Plant

Dave Johnston Power Plant

New EPA Regulations Will Shut Down 8% of US Power Generation


Remember when Obama was running for president in 2008? He said a lot of things that people didn’t seem to pay much attention to. One of those things he said that people seemed to choose to ignore was that implementing his plan regarding coal, electricity rates would necessarily skyrocket. Well, it turns out he was quite serious about that. You can hear him talk about it in the video below.

Environmental Protection Agency (EPA) regulations under the Obama Administration are handcuffing every form of energy production in the United States. Now, new EPA regulations that are due to go into effect will shut down 8% of US power generation. This will put more people out of work and force electricity rates to ‘necessarily skyrocket’.

After two and a half years the Team Obama continues to target the American people with a radical job-killing agenda. The latest move by the EPA will push new rules on 26 states. The new regulations will kill thousands of jobs, cost billions of dollars and increase electricity rates for every family.

New EPA rules will force Western coal-fired power plants to install haze-reducing pollution-control equipment at a cost of $1.6 billion a year. Pictured is the Dave Johnston Power Plant in Glenrock, Wyoming.

From the Wall Street Journal:

Obama has the power to delay new rules that will shut down 8% of all U.S. power generation.

Since everyone has a suggestion or three about what President Obama can do to get the economy cooking again, here’s one of ours: Immediately suspend the Environmental Protection Agency’s bid to reorganize the U.S. electricity industry, and impose a moratorium on EPA rules at least until hiring and investment rebound for an extended period.

The EPA is currently pushing an unprecedented rewrite of air-pollution rules in an attempt to shut down a large portion of the coal-fired power fleet. Though these regulations are among the most expensive in the agency’s history, none were demanded by the late Pelosi Congress. They’re all the result of purely bureaucratic discretion under the Clean Air Act, last revised in 1990.

As it happens, those 1990 amendments contain an overlooked proviso that would let Mr. Obama overrule EPA Administrator Lisa Jackson’s agenda. With an executive order, he could exempt all power plants “from compliance with any standard or limitation” for two years, or even longer using rolling two-year periods. All he has to declare is “that the technology to implement such standard is not available and that it is in the national security interests of the United States to do so.”

Both criteria are easily met. Most important, the EPA’s regulatory cascade is a clear and present danger to the reliability and stability of the U.S. power system and grid. The spree affects plants that provide 40% of U.S. baseload capacity in the U.S., and almost half of U.S. net generation. The Federal Energy Regulatory Commission, or FERC, which is charged with ensuring the integrity of the power supply, reported this month in a letter to the Senate that 81 gigawatts of generating capacity is “very likely” or “likely” to be subtracted by 2018 amid coal plant retirements and downgrades.

That’s about 8% of all U.S. generating capacity. Merely losing 56 gigawatts—a midrange scenario in line with FERC and industry estimates—is the equivalent of wiping out all power generation for Florida and Mississippi.

Listen to President Barack Obama in the video below describing how electricity costs will ‘necessarily skyrocket’ under his plan. As you can see that is what is happening through the use of EPA regulations.

Also at Resourceful Earth News


 
Lisa Jackson

Lisa Jackson


When Barack Obama was campaigning for the presidency in 2007 and 2008 he said he would shut down the coal industry and energy prices would necessarily skyrocket. Apparently he meant what he said then and he is putting his ideology into practice now … at the expense of the American people and tens of thousands of American jobs, through rules, regulations and laws.

Get ready for the sacrifice of tens of thousands more American jobs (at least) to feed the fantasy of “clean energy.” Even as the “green jobs” promise proves to be a lie, the Obama administration is getting set to force the shutdown of countless power plants across half the nation.

The Environmental Protection Agency’s new Cross-State Air Pollution Rule, announced last month, will affect coal-fired electric plants in at least 27 midwestern and eastern states. Set to take effect next year, the rule could shutter up to a fifth of the nation’s generating capacity.

With coal providing 45 percent of the nation’s energy, utility companies warn of an economic “train wreck” if the regulations — based on Bush-era EPA proposals that the federal courts threw out in 2008 — take effect. One Wisconsin utility says its costs would jump $32.6 million next year, while the head of the Texas Public Utility Commission says the rules could lead to rolling blackouts — especially given the short time the utilities have to comply with Washington’s iron fist.

Steve Miller, president and CEO of the American Coalition for Clean Coal Electricity, warns of job losses totaling 1.4 million over the next eight years and a 23 percent jump in electric rates in states dependent on coal-fired plants.

With unemployment still sky-high, new jobless claims routinely hitting 400,000 a week and consumer prices rising, is this really the time to hobble the nation’s reeling economy further?

Absolutely, says autocratic EPA chief Lisa Jackson — who could possibly be against improving the air quality for up to 240 million Americans? “Just because wind and weather will carry air pollution away from its source at a local power plant doesn’t mean that pollution is no longer that plant’s responsibility.”

Fine — but wouldn’t it be nice if the EPA could prove real health effects before forcing the shutdown of so many plants?

Environmental extremists cheer the new rules because closing “dirty” coal plants is part of their fantasy of “clean energy” and green jobs. But the reality is otherwise. Even backed by stimulus funds, “green” business after business has flopped or folded, costing taxpayers millions.

In Seattle, a plan called Retrofit Ramp-Up sucked up $20 million in federal grants to make houses more energy efficient. The result: so far, only three homes retrofitted and just 14 jobs “created.” California got $186 million for a similar program and has spent just over half of it — with just 538 new full-time jobs to show for it.

Costco recently announced that it’s yanking out some 90 electric-car chargers at 64 of its stores, mostly in California — because nobody uses them. The discount retailer also rejected the offer of a $2.3 million upgrade by the California Energy Commission. “Why should we have anybody spend money on a program that nobody’s thought through?” said one regional manager.

So let’s get this straight: At the same time it’s spending millions of taxpayer dollars in pursuit of a chimera, the Obama administration is attacking the wellsprings of US prosperity, throwing people out of work and raising consumer costs. This isn’t just insane; it’s malevolent.

Nobody’s in favor of dirtier air or water, of childhood asthma or killing puppies. But progressives often seem to think that there’s never any cost for their crackpot notions, that no amount of money can ever possibly be too much, even if we have to borrow or print it. If people are thrown out of work in the process, tough.

Worst of all is the increasingly arbitrary reach of the regulatory state. President Richard Nixon created the EPA by executive order in 1970, in a hasty response to an oil spill near Santa Barbara. “The 1970s absolutely must be the years when America pays its debt to the past by reclaiming the purity of its air, its waters and our living environment,” he said.

That was 41 years ago. The nation’s air and water have noticeably improved since then — but they’ll never be clean enough to satisfy some. To people like Lisa Jackson, we need to keep on paying — even if it kills us.

Welcome to the ‘hope and change’ that candidate Obama offered the American people. Is this what you thought he meant?


 
Obama Bus Tour

Is Obama afraid of Americans in Middle America? Sure not! But from the looks of his current trip into the American Heartland that might be the case. The Obama bus tour is pitiful. Take a look at the video below to see the size and scope of his entourage.

Obama Bus Tour


The photo below was released to show Obama speaking in Iowa on his bus tour of the American heartland. I put some labels on it just so you don’t miss the not-so-subtle messages that say ‘he relates’ to us all. Of course, in addition to those strategic elements of ‘relating’ are the ever present teleprompters and ostentatious presidential podium. What must it take to transport those things everywhere he goes?

The teleprompters have been so ever-present during the Obama administration that they’ve become a cliche. But they do beg the question as to why he needs them on this particular trip. I’ve memorized his speech, hasn’t he? It is basically, I had the economy fixed from Bush ruining it until we ran into ‘bad luck’ (the Arab Spring, the Japanese tsunami and the Republicans getting a majority in Congress in 2010. How hard is to remember that? Anyway ….

It appears that Obama’s advisers decided to take a page from Sarah Palin‘s successes and send him along on a bus tour. Naturally, he missed the basic idea of the whole thing. While she saved money by painting her family’s RV, he spent over $2 million in tax-payer dollars for not one but TWO ginormous armored buses (fully loaded with everything). In addition, no one is actually STAYING in the buses, they are still renting out entire 5-star hotels for the President and his entourage. And what an entourage it is – check out the video below.

The photos of his stops along the way are close in, so as not to reveal the size of the crowds coming out to hear him speak. Of course the curious come out to see this spectacle of large black mega buses rolling through the country-side. We Americans can’t afford fancy stuff any more so naturally we want to see what the Effete EliteTM are affording on our tax dollars these days. The BBC writes the buses look like mortuary buses.

So why do I say that the Obama bus tour is pitiful? Because he’s trying to be like Sarah Palin and failing miserably. He just doesn’t know how to relate to regular everyday Americans.


 
Barack Obama

Barack Obama


President Barack Obama seems to have nothing on his mind more than his reelection campaign. Everything seems to come after that in the hierarchy of importance, including the crashing economy and the death of a record number of military men, Navy Seals, record unemployment and ‘youth’ rioting in the streets in London as well as U.S. cities and throughout the world.

Even Arianna Huffington of the Huffington Post said this week that ‘nobody believes the President’s top priority is jobs – it’s getting reelected.’ Talk about stating the obvious. Obama spent his short time in the Senate campaigning to be president and has so far spent his presidency campaigning for a second term (when he’s not golfing or vacationing or having elaborate, expensive parties at the tax payers expense). Marie Antoinette could have taken lessons from the Obamas.

Naturally, Hollywood is helping gear up for the 2012 elections with glossy, star-studded, professionally edited ads for Obama’s re-election campaign. Not only that, there in a movie being produced on the death of Osama bin Laden that will be released just prior to the elections. The movie will, of course, paint Obama as the Great Leader who planned and orchestrated the entire event. Never mind that it was widely reported that he wouldn’t make a decision about the operation, it was finally made by others and he was literally taken off the golf course and brought in to watch one operation after having been told about it just minutes before he came into the room. You just have to look at the photos from the White House staff watching it to see how unhappy he was with the whole thing. But that doesn’t stop him from taking full credit now.

In what has to be on of the most outrageous and offensive instances of self-promotion and narcissism, the Commander-in-Chief of the United States military stands accused of granting unprecedented access to Pentagon, CIA and Navy Seal operations to Hollywood producers Mark Boal and Kathryn Bigelow for the purpose of producing a movie about the Osama bin Laden death to be released as part of Obama’s reelection campaign.

King, chairman of the House Homeland Security Committee, has demanded that Pentagon and CIA inspectors general investigate their access. He cited reports that Boal was on hand for a closed-door intel agency ceremony honoring the Bin Laden team, raising eyebrows in the room.

The schmoozing could risk lives and imperil the fight against an Al Qaeda that’s on the ropes, King wrote in a letter to the watchdogs.

The “alleged collaboration belies a desire for transparency in favor of a cinematographic view of history,” King wrote.

Leaders in the intelligence and defense communities often complain that while the presidential administration demand agencies shore up leaks, selected journalists get high-level access so politicians can craft public perceptions, and their legacies.

Questions were being asked when screen writer Mark Boal showed up at a ceremony honoring Navy Seals Team 6. The Mark Boal – Kathryn Bigelow team has reportedly been granted access to sensitive information about the Seals as well as the inner workings of the CIA and Pentagon. All for the sake of a movie to help Barack Obama get re-elected.

The glaring chasm between the sacrifices made by American Soldiers and the narcissism of Barack Obama is no more apparent than in this story. Its all about him, him, him.

Does Barack Obama have American blood on his hands?


Osama bin Laden Death Movie
Did Obama Give Hollywood Access to Classified Information? – Video


 
Money Flying Away

Money Flying Away


The question everyone is asking – other than people in the progressives – is can Capitalism support a Socialist agenda? The short answer is no. The United States is based on a Capitalist system. That’s why we have been the country with streets paved with gold. People from other countries wanted to come here because there was opportunity. If you worked hard and had talent, you could have the American Dream regardless of who you were or what class you were born into in whatever country you came from.

But Socialism is killing the American Dream. The evidence is leaves that reality unavoidable for even the most obtuse of us.

Sarah Palin tweeted earlier today to President Obama to please stop losing our future and stop with the histrionic declarations of doomsday if we attempt to balance the budget.

Obama and his cronies got their way with the budget debates in the last few weeks and were immediately rewarded with a drop in the U.S. credit rating. A first in the history of our nation. The ramifications of that will be felt for years to come. Interestingly, Obama has yet to comment on the S&P drop in America’s credit rating. I imagine they are still coming up with their spin (who to blame) and getting it uploaded to the teleprompter. That is another glaring lack of leadership. But that’s another story for another day.

Back to the original question, can Capitalism support a Socialist agenda? Read what Janet Daley has to say about that. Its an important message.


© 2011 Blue Star Chronicles Suffusion theme by Sayontan Sinha