How Did White House Crony Banker Obama Do Investing your Tax Dollars?

Solyndra CEO in 2009:

We’re getting help from …

the “Bank of Washington”

 by Allahpundit    at  HotAir:

 

Yes, really.

Anyone else need a loan from a bank that’s $15 trillion in the hole?

You’ll be pleased to know that this sentiment was reciprocated inside the White House, anticipating The One’s “you didn’t build that” messaging moment of glory:

White House Aide Aditya Kumar in an e-mail to deputy White House communications director Dan Pfeiffer and other White House staffers:

“Dan: Some background. This is a Recovery Act Grant. Details: Will be first DoE Loan Guarantee since 1980s (since the geothermal grants in the 80s, I believe). Total amount will be $535M (with a $107M govt subsidy). This is a solar panel manufacturing company in Fremont, CA.

Story is two things: JOBS: Solyndra estimates this will create thousands of jobs (over 3,000K was on estimate I saw but not sure how dated that was);

When Government Plays a Part, It can Bring the Private Sector Along: Solyndra has secured over large amounts in private capital which is a story in itself.”

Remember, the big irony of Solyndra’s collapse was that it wasn’t just any green-energy project. It was a flagship of what Jim DeMint famously described as Obama’s “venture socialism” approach to green businesses. O himself famously visited the plant and Biden recorded a video address for the groundbreaking of the new plant. The significance of this e-mail is how even White House aides were treating it as a model that would hopefully justify further expanding federal largesse to favored companies. Government in the lead, the private sector being “brought along.” That’s a nifty, efficient description of Obamanomics. With predictable results.

Ed posted this morning on the WaPo story about alarm bells ringing at OMB — and being ignored by the Energy Department — over the Solyndra restructuring, so read that if you haven’t yet. One thing he didn’t know yet at the time of that post: There’s also an e-mail in the new batch in which the same aide responsible for the excerpt above wrote, “Feels like Rahm wants this too (barring any concerns) — POTUS involvement was Rahm’s idea.” That’s not the first time Emanuel’s name has popped up in Solyndra-related e-mails; he’s said that his memory of the project is hazy, but maybe it’s time for a House committee to bring him in and try to jog it, specifically with respect to whether he was in contact with any of the Obama campaign bundlers connected with Solyndra. Let’s find out the full extent of “Chicago values.”

The Truth that Slipped out of Democrat, Maxine Waters

I want to thank the folks at the American Thinker for rerunning the Maxine Waters video where this popular black racist-Marxist let her tongue slip out of her mind.    Hers is the personality of both today’s NAACP: and the Black Congressional Caucus, and it is incumbent on voting Americans to become acquinted with her voice and its words.

Like Jeremiah Wright and president Obama, what is screamed out  in black public is usually, if not always infinitely more  Marxist than what is slipped out in mixed race company.    It could be that Representative Waters often forgest where she is when she says “A: or “B”, but  her faith is with Obama’s  dreams, government ownership of much private property in order to stimulate  their  Marxist oil and grease.

Other noted members of the Congressional Black Caucus slip on their ABCs regarding Vietnam and whether Guam will tip over into the Pacific if more troops become stationed on its sands.   Then there are the encyclopedia of lies in their attacks on the Tea Party, by members occasionally less flamboyant in Congress.    They make charges….all proven false……that they were verbally racistly attacked near the nation’s Capitol while walking past  Tea Party opponents to Obama care.    Countless recordings were available and not a one caught a disorderly word of any kind.

These Congressional Representatives represent the urban black  plantation population which has been run by the Democrat Party now for over a half a century.     They have been born and bred into this  cultural disorder caused by the viral  breadown of the family unit causing ignorance,  violence, and loss of identity as Americans……but they have got Obama to help them blame those rich whites for their black sins.  

http://www.americanthinker.com/video/2012/07/flashback_maxine_waters_slips_tells_truth_about_liberals.html

Obama Radioman, Mike Maloly proves The Quality of Today’s Liberals is Profoundly Strained…..

Libtalker Mike Malloy Has Epic Meltdown Over Chick-Fil-A Appreciation Day

Liberal radio talk show host goes nuts over Chick-Fil-A’s record-setting sales on Wednesday.

Click below to hear Liberal priest, Mike Malloy speak from a today’s Liberal perspective:

http://www.realclearpolitics.com/video/2012/08/02/libtalker_mike_malloy_has_epic_meltdown_over_chick-fil-a_appreciation_day.html

Obama Weasel, Harry Reid, Announces the Beginning of another War against Women

The Weasel from Nevada  writeth about WAR……again.  

The Weasel Declareth  Thusly:

Republicans Renew War on Women

Starting today, critical women’s preventive health services will be available to women, free of co-pays or deductibles — a hard-fought benefit for women in Nevada and across the country that is long overdue.

Yet on the eve of the implementation of these historic benefits for women, my Republican colleagues were still trying to repeal the Affordable Care Act — the very law that offers these benefits along with many other crucial protections for women.

Beginning today, for the first time, new insurance plans will be required to cover — without any co-pays — well-woman visits, contraception, breastfeeding support and supplies, screening for gestational diabetes, screening and counseling for domestic violence, as well as testing for HPV and HIV.

An estimated 47 million women nationwide, including nearly 400,000 women in my home state of Nevada, are expected to benefit from this new policy.

Thanks to the Affordable Care Act, new insurance plans are already required to cover preventive care like mammograms, colonoscopies, blood pressure checks, prenatal exams and childhood immunizations without cost-sharing. Yet Republicans are so intent on blocking women’s preventive services like contraception coverage from taking effect, they are willing to risk national security.

Yesterday, the Republican leader proposed voting to repeal the Affordable Health Care Act , a move that threatened to derail the Cybersecurity Act of 2012 — legislation that is critical to our national security and completely unrelated to health care.

Covering preventive health services for women is long overdue. While women are more likely to need preventive health services, they often have less ability to pay for them than men. On average, women have lower incomes, and a greater share of their salary is consumed by out-of-pocket health costs.

Half the women in this country have delayed preventive care because of price tags, according to the Commonwealth Fund. Millions of American women delay doctor’s visits, yearly, because they can’t cover co-pays, or miss pills to save money.

It is no wonder the U.S. has one of the highest rates of unintended pregnancy of industrialized countries.

That is why, fifteen years ago, I began a bipartisan initiative with Senator Olympia Snowe to expand access to contraception for women. As part of this effort, we passed a law that gave federal employees access to contraception. When this policy took effect in 1999, despite the warnings of our critics, premiums did not go up.

Yet what began as a bipartisan, commonsense proposal fifteen years ago has turned into an unfortunate debate in Congress. Many of my Republican colleagues are downplaying the importance of covering preventing health care for women, or trying to repeal health reform altogether.

They’ve blocked efforts to give women who want it, access to contraception, and they’ve shown little interest in protecting the health of victims of sexual assault.

Putting ideology ahead of science is inexplicable.

I will continue doing everything I can to protect a woman’s right to health care. Today’s implementation of new women’s preventive benefits is just the beginning.

Thanks to the Affordable Care Act, by 2014, almost 19 million uninsured women will be eligible for comprehensive health coverage, women may no longer be charged more for the same policy as men, and women cannot be denied coverage because they have a pre-existing condition.

Asking American women to continue denying themselves the care they need is unacceptable. Only by focusing on America’s best interest, rather than our own political interests, will we have a stronger, healthier future together.

Comment:   Senator Harry Reid did writeth through the Huffington Post where weasels of all kind have congregated for years.     They are most active after twilight during  the darkest hours of the night.

Big Corportions, the Snookering up to Government kind, Cost TaxPayers $100,000,000,000 per Year

Corporate Welfare in the Federal Budget

from the National Center for Politcy Analysis:

“Rising federal spending and huge deficits are pushing the nation toward a financial and economic crisis. Policymakers should find and eliminate wasteful, damaging and unneeded programs in the federal budget. One good way to save money would be to cut subsidies to businesses in the form of corporate welfare, says Tad DeHaven, a budget analyst on federal and state budget issues for the Cato Institute.

Policymakers claim that business subsidies are needed to fix alleged market failures or to help American companies better compete in the global economy. However, corporate welfare often subsidizes failing and mismanaged businesses, and induces firms to spend more time on lobbying rather than on making better products. Instead of correcting market failures, federal subsidies misallocate resources and introduce government failures into the marketplace.

• According to analysis by the Cato Institute, corporate welfare in the federal budget costs taxpayers almost $100 billion a year.
• Of all the departments of the federal government, the Department of Agriculture is the greatest supplier of corporate welfare, laying out some $25 billion in the forms of farm aid, investment and risk mitigation.
• The Departments of Energy and Housing and Urban Development were also big spenders, handing out $17 billion and $16 billion, respectively.

Perhaps the single greatest impact of this system of corporate handouts is that it essentially substitutes the preferences of policymakers for those of regular consumers. Further, it encourages greater lobbying efforts and unethical actions that can allow businesses to take greater advantage of governmental largesse.

Moreover, direct outlays to corporations are only a single form of governmental support for businesses.  Assistance can take several other forms as well.

• The government can create tax preferences that favor businesses in certain industries or those maintaining a certain size.
• It can also impose regulations that, while ostensibly harmful to an industry, can actually help to construct viable barriers to entry.
• Such efforts can also be expanded in the form of trade barriers that protect businesses from foreign competitors.

When all such additional actions are taken into account, it is likely that the true size of government-sponsored corporate welfare is even larger than the figure above suggests.

Source: Tad DeHaven, “Corporate Welfare in the Federal Budget,” Cato Institute, July 25, 2012.

For text:

http://www.cato.org/publications/policy-analysis/corporate-welfare-federal-budget

For more on Tax and Spending Issues:

http://www.ncpa.org/sub/dpd/index.php?Article_Category=25

COMMENT:   No wonder campaigner Obama  invests for much of the taxpayers money in failing Solyndras.    No wonder so much of big time Wall Street shuffles their money his way during election time.