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Arturas -> RE: Bankrupt Solar Company A Republican Problem, Not Just Obama's (9/15/2011 11:57:57 AM)
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quote:
ORIGINAL: Owner59
http://www.huffingtonpost.com/2011/09/13/solyndra-bankrupt-solar-republican-problem_n_960287.html
The White House will have some explaining to do Wednesday when the Energy and Commerce Committee demands to know how half a billion taxpayer dollars were squandered.
But the explanation is likely to include a history lesson that goes back to the GOP.
That's because Solyndra first came into the picture during the Bush administration, when it was one of just 16 firms found eligible for several billion dollars available in the Energy Policy Act of 2005's guaranteed loan program.
And more, the Energy Policy Act, which the Bush administration used to promote Solyndra, was passed by the same committee under the leadership of Rep. Joe Barton (R-Texas).
One Democrat noted that while the GOP has been having a field day with the involvement of an Obama bundler, another major investor in a similar position is Madrone Capital Partners, run by Walmart's Walton family -- major GOP donors.
Further, the Bush administration nearly pushed a guaranteed loan through for Solyndra the day before Obama took office, ThinkProgress reported
AH...NO. This is pure crap and everyone living in reality knows it. Why? A hugh spin using half truths. For example, "Solyndra first came into the picture during the Bush administration, when it was found..."
Not So, here is the truth. The results of the Congressional probe shared Tuesday with ABC News show that less than two weeks before President Bush left office, on January 9, 2009, the Energy Department’s credit committee made a unanimous decision not to offer a loan commitment to Solyndra. Notice the loan commitment was not made until Obama's administration, overriding yet another department tasked to make such decisions.
And, excerpted from "Free Republic", 9/14/11.
quote:
The geniuses in the Obama administration don’t seem to realize just how damaging this is to their case. Put the Bush DOE rejection of Solyndra together with the emails that broke last night:
The August 2009 e-mails, released to The Washington Post, show White House (my note: OBAMA White House) officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to the e-mails, which were provided by Republican congressional investigators…
And you have a true scandal that reaches directly into the Obama White House, and which clearly fits into the overall Obama “green” agenda. The main question demanding an answer now is, What did the president know and when did he know it?
Almost forgot this gem: quote:
And more, the Energy Policy Act, which the Bush administration used to promote Solyndra, was passed by the same committee under the leadership of Rep. Joe Barton (R-Texas).
Oh great, here we see the word "promote" used to somehow imply Bush ran round pushing this company for a loan and then when he "nearly" gave them the loan but somehow never got to it, he must have sent Obama a letter "promoting" the company for a loan and since we know Obama always does what Bush wants, then it must be Bush's fault. Okay, you win. I see the infallible logic in this. Oh, and I get the fact that a republican got the very much needed Energy Policy Act passed, but what has that got to do with this? OH, I see, it implies the Energy Policy Act, if never enacted by republicans, would not have gotten Obama in trouble here and so it's Bushes fault.
Let's take this final great point offered up as a good reason to blame Bush:
quote:
Further, the Bush administration nearly pushed a guaranteed loan through for Solyndra the day before Obama took office, ThinkProgress reported
The word "nearly" is meaningless here. Bush did not push the loan through. If he "nearly" did it this would matter only if he was playing horseshoes. It would be more truthful to say Bush "nearly" did it until he read the recommendation not to do it presented by the DOE.
So, this Clown in Chief has still not gotten it, the "blame Bush" strategy, while being the only available strategy left to the Community Organizer some idiots voted into the White House, has gotten transparent even to progressives it being this far into his administration, such as it is.
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