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Yes bama's corporate friends and donors certainly

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Post# of 1903
Posted On: 09/16/2012 11:42:28 AM
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Posted By: Lmcat
Re: The Illest #554

Yes bama's corporate friends and donors certainly got their share of special treatment starting with his Solyndra loan that cost taxpayers $535,000,000!



Nearly two dozen employees of the solar panel maker that got a $535 million federal loan guarantee shortly before bankruptcy got $368,500 in bonuses Wednesday from a federal bankruptcy judge — in spite of the company failing to disclose it gave several of the raises of as much as 70% months earlier, after it went bankrupt.


The Washington Times noted a lawyer representing fired Solyndra workers has argued the company's liquidation benefits few beyond Argonaut Ventures, part of a foundation run by Obama fundraiser George Kaiser.


Considering that suspicious connection, no wonder the White House defied the Feb. 21 deadline to provide 12 categories of Solyndra documents to the House Energy and Commerce Committee.


But President Obama's counsel has complained that the committee's request for documents was "an unreasonable burden on the president's ability to meet his constitutional duties."


What a betrayal of Obama's elaborate promise upon taking office to "work together to ensure the public trust and establish a system of transparency, public participation, and collaboration" because "Transparency promotes accountability" and "Information maintained by the federal government is a national asset."  Other Solyndras are coming to light, the latest being Sapphire Energy. Its pond-scum-based biofuel still costs over $26 a gallon, but that doesn't matter when your executives give almost solely to Democrats.


The Washington Post recently found "$3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers ."


http://news.investors.com/ibd-editorials/0223...urface.htm






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