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Discussion in 'Political Discussion' started by patsfan13, Sep 16, 2011.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Using taxpayers $$$$ to pay off political supporters. Looks like a couple of scandals brewing beyond Gunwalker.

    First the Solyndra scandal, improper due dilligence before the dem donors were given the loans and the investors/donors will be made whole before the Taxpayers.

    Solyndra - A few new facts. A few new questions | ZeroHedge


    They are stealing the accts receivable from the taxpayers....


    Then there is the Solar company in CO, that got a 400M loan guarantee from the Feds, this happened in July.



    More payoffs using taxpayer $$$$ under the guise of 'job creation', remember Obama want another 450B for this sort of corruption. THe Government is viewed as a money laundering operation for the dem party.



    This last one is the most serious. In this case another sweetheart deal is being arranged for another big dem donor. This time they gave a copy of a 4 Star Gen planned testimony to congress to the company in questiion then the WH pressured the General to change his testimony (ie commit perjury) to satisfy the company/contributor.

    LightSquared: Did White House Pressure General Shelton to Help Donor? - The Daily Beast


    Commentary from Hot Air on this affair:

    Bombshell: General accused WH of pressuring him to change testimony for Democratic donor « Hot Air



    They are plundering the treasury of a broke nation to payoff supporters with taxpayer money in exchange for campaign donations....
     
  2. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well looks like the Treasury IG is getting involved:

    Treasury Inspector General Opens Probe Into Obama's Solargate | ZeroHedge


    Then there is the home of J Corzine and a big contributor to the Obama Campaign Goldman Sachs, guess they got a piece of the Solyndra $$$.

    Another Popular Name Emerges In The Solyndra Scandal | ZeroHedge

     
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well another Obama fundraiser linked to the Solyndra Scandal:


    Obama fundraiser linked to federal loan for failed solar company - BostonHerald.com
     
  4. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    So far this seems to be primarily covered by right-wing sites, who believe there is a brewing scandal. They've been desperate to find one in this overall clean administration and have been looking for years, so I doubt this one will amount to much, but we'll have to wait and see.
     
    Last edited: Sep 17, 2011
  5. chicowalker

    chicowalker Pro Bowl Player

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    Unless you know far more about the transaction, that is a tragically ignorant claim to make.
     
  6. chicowalker

    chicowalker Pro Bowl Player

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    Your "source" actually believes this is common, huh?


    That seems highly unlikely, but I'll let you figure out why...
     
  7. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #24 Jersey

    Interesting and comprehensive time-line here if anyone's interested in the "other side of the story."

    I'm not getting into it because it's a right said, left said situation which is going to have truths and lies on both sides - as always - and the blame will eventually end up where it belongs - swept under the carpet with both sides claiming no responsibility. No one's hands are ever really clean, are they?

    Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story | ThinkProgress
     
  8. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    See the link to zero hedge, Principals of company A, who had a 500M+ loan guarantee from the gov, set up a new corp Corp B they transfer the accounts receivable from Company A to Corp B, and within a month Company A declares bankruptcy leaving the taxpayers to eat the 500M+ lean.....


    Not to mention the sweetheart deal given to Company A where the rich investors get paid before the taxpayers.....
     
  9. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Read the retainer document on the zero hedge site, the company that is on retainer is getting paid a large fee the government is responsible for the loan the company is bankrupt who is paying the retainer and expenses associated with liquidating the assets of the company?


    The tooth fairy?
     
  10. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well ABC initially broke the story, John Stewart is now commenting on it the Wa Po is covering it, the Chi Tribune, as is Politico, all news sources that lean to the left....

    Obama administration e-mails: Giving more taxpayer money to Solyndra was risky - The Washington Post

    Barack Obama's Solyndra scandal smells like it came from Chicago's City Hall - chicagotribune.com

    Solyndra scandal a PR nightmare - Darren Samuelsohn - POLITICO.com

    Jon Stewart on Solynda, the ‘Custom-Tailored Obama Scandal’ - ABC News



    So spin it as you will this is essentially money laundering using taxpayer money for political contributors.
     
  11. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The both guys do it argument from good old Joe Romm no less.


    Problem is that emails have been released. Bush administration officials had received the request for the loan, Solyndra executives asked for expedited approval before Bush left office, while they felt there could be some merit to the request they felt independent market analysis needed to be done as per AP via Hotair.com

    Solyndra pressured Bush WH for approval in January 2009 « Hot Air


    So trying to smear Bush with the payoffs to the Obama administration doesn't wash. Perhaps we can blame the dems for watergate or something..... :rolleyes:
     
  12. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    How bout leaking congressional testimony to a company before it is presented to congress and then trying to get the General to change his testimony to suit the political contributor?

    No issues there?

    Or is that Bush's fault......
     
  13. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Strangely, my Google search did not come up with any of those links, but they appear to be links to commentary not news stories. (For some reason, at this hour only the Chicago Tribune link works.) At any rate, it could be money laundering, could be a case of a loan guarantee gone bad. Is every loan guarantee provided to a company that has investors who support Obama corrupt? Is that the new "reasoning" of the Tea Party? So far, it looks like only right-wing pundits are picking up on the story, but we'll see if it has legs. Of course with the Tea Party supporting unfettered corporate political contributions, the Tea Party seems to be on its own set of wobbly legs.

    Also, Politico is certainly not left leaning. It's centrist with a slight tilt to the right, but from the Tea Party perspective I think the John Birch Society may even be considered somewhat left leaning.
     
  14. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    FBI has raided their offices.. there is more to this apple than meets the eye..

    FBI Solyndra raid: misuse of federal loans? - CSMonitor.com


    said.
     
  15. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Just seems to me Obama himself would not be touting something plagued with political intrigue. That doesn't mean that no one in the Obama administration did anything wrong or that Solyndra itself is guilty of unrelated crimes. Perhaps, for instance, they bribed some low level officials.
     
  16. chicowalker

    chicowalker Pro Bowl Player

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    yawn... as I said, unless you know far more about the transaction...

    (btw, are you aware of what fraudulent conveyance is?)


    Unfortunately, that wouldn't surprise me at all. Politicians have shown themselves to be very unsophisticated when getting involved in businesses, taxes, etc. They're over their head when dealing with concepts that are pretty basic for any businessman, let alone specialized attorneys, accountants, bankers, etc. It's one part of why the tax code is so convoluted -- whenever tax accountants and attorneys discover one loophole, our government scrambles to close it up and in doing so usually just creates others.
     
    Last edited: Sep 18, 2011
  17. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Here's a liberal perspective on this "phony scandal."

    Daily Kos: The Phony Solyndra Solar Scandal

    which provides a link to this balanced article:

    Solyndra Bankruptcy: Big Name Investors to Recoup Losses Before Taxpayers in Obama's Failed Green Tech Bet | Swampland | TIME.com

    Seems like an investment gone wrong, more than a scandal, but of course the radical right (aka, the Tea Party) exists because of lies, distortions, and half-truths, so we can trust them to pervert the truth here to. That said, the FBI, etc. should investigate since the truth is what counts.
     
    Last edited: Sep 18, 2011
  18. chicowalker

    chicowalker Pro Bowl Player

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    I don't know whether it was intentional or just misguided, but this isn't a reply to either part of what you quoted.

    the first part was about the claim re. these firms lining up for $10mm debt placements, the second part about G-6 jets.

    If you reply again, please try to actually respond to what I was writing.
     
  19. mcgraw_wv

    mcgraw_wv In the Starting Line-Up

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    This is why Government should stay out of business, and picking winners and losers.

    When government picks winners, we all lose!
     
  20. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #24 Jersey

    The FBI's been busy lately.

    The raid on Walker's former aide comes as part of an investigation into whether or not staffers used taxpayer time and money for policital activities.

    In answer to an FBI probe into Governor Scott Walker's aides from his Milwaukee County days, Madison Democrats are introducing legislation to remove Walker appointees from some civil service jobs.

    According to a story on The Huffington Post, the raid on Archer's home is part of an on-going investigation about whether or not members of Walker's staff did political work on taxpayer time.

    Cynthia Archer worked for Walker when he was Milwaukee County Executive and in his office after he was elected Governor. She has since moved to a lower paying job in the Department of Children and Family Services.

    Walker is remaining mum on anything he might know about the FBI raid at his former aide's house.

    But in a story on the jsonline.com, Walker acknowledged that his campaign hired Steven Biskupic, a former US Attorney turned defense lawyer to help with subpeona served last year for email.


    Democrats Introduce Legislation to Answer FBI Probe - Mount Pleasant-Sturtevant, WI Patch
     

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