Tag Archives: Solyndra

New Ebola czar absent from White House Ebola strategy meetings

This really inspires our confidence in Ron Klain, the newly-appointed “Ebola response coordinator” Ebola Czar — he didn’t even attend a White House strategy meeting on how to deal with the alleged Ebola epidemic. (See “Is Ebola pandemic a false flag?“)

Ron Klain with the POS

Ron Klain with the POS

Breitbart reports, Oct. 17, 2014, that an email blast from the White House listing the meeting’s participants did not include Klain, who was given the position earlier in the day. Here’s the list of the meeting’s participants:

  • Vice President Joe Biden
  • Chuck Hagel, Secretary of Defense
  • Sylvia Burwell, Secrety of Health and Human Services
  • Jeh Johnson, Secretary of Homeland Security
  • Denis McDonough, Chief of Staff
  • Shaun Donovan, Direct of the Office of Management and Budget
  • John Podesta, Counselor to the President
  • Susan Rice, National Security Advisor
  • General Martin Dempsey, Chairman of the Joint Chiefs of Staff
  • Samantha Power, Permanent U.S. Representative to the United Nations (she telecommuted)
  • Dr. John Holdren, Director of the Office of Science and Technology Policy
  • Dr. Thomas Frieden, Director of the Center for Disease Control and Prevention
  • Lisa Monaco, Assistant to the President for Homeland Security and Counterterrorism
  • Rajiv Shah, Administrator to the U.S. Agency for International Development
  • Nancy Powell, State Department Ebola Coordinator
  • Katie Beirne Fallon, Director of the Office of Legislative Affairs
  • Jennifer Palmieri, Director of Communications
  • Joshua Earnest, Press Secretary
  • Suzanne George, Executive Secretary and Chief of Staff of the National Security Council
  • Brian Egan, National Security Council Legal Advisor
  • Rand Beers, Deputy Assistant to the President of Homeland Security

Klain can claim an illustrious [sarc] record of accomplishments, including:

  • Being a former chief of staff to VPOS Joe Biden.
  • Signing off on President Ebola’s support of a $535 million loan guarantee for now-defunct solar-panel company Solyndra, and advising the POS to visit Solyndra in 2011, despite an auditor raising red flags about the company’s finances. (See “Crony Capitalism: Obama’s $535M Loan to Now Bankrupt Solyndra“)
  • And then, of course, there’s the fact that Klain does not have a medical or a health care background. Zero. Zilch. Nada.

No wonder Wikipedia’s entry on Klain begins by identifying him as “an American lawyer and political operative.”
H/t Rebel Mouse

Update (Oct. 19, 2014):

Surprise! (not)
America’s new Ebola Czar was absent for yet another White House Ebola strategy meeting!
On Saturday, Oct. 18, Obama played a 5-hour round of golf before arranging a late evening meeting convening “members of his national security and public health teams to update him on the response to the domestic Ebola cases.” For a second time, Ron Klain’s name is absent from White House’s full list of everyone who attended. (Source)

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Obama thinks you can afford this $50 light bulb

Have you ever seen a $50 light bulb?
Me neither.
Here’s your chance! Just feast your eyes on this award-winning super-duper LED!

Are you impressed?
Silly you. Silly me.
But Obama’s Energy Department is so gosh-darned impressed that it awarded Philips Corp., the manufacturer of the $50 60-watt LED, $10 million of taxpayers’ hard-earned dollars as an “L Prize” for an environmentally sensitive bulb that is “affordable for American families”!
As a Washington Times editorial points out, although the new LED is more energy-efficient than standard incandescent bulbs and may last up to 10 years, but given that it costs 50 times the price of the typical old-style bulb, this eats up any long-term savings.
The Energy Department defends the bulb’s exorbitant price, claiming costs are expected to fall over time. However, the original contest guidelines projected a retail price less than half of the $50 that the bulb is sold at retail. More curious still is the fact that there are already much less expensive LED bulbs available, but these did not receive the Obama administration’s seal of approval.

It’s all about quid pro quo, more commonly known as “I’ll scratch your back, and you’ll scratch mine.” Ten to one we’ll find out at some future date that, like solar-panel maker Solyndra, Philips’ CEO is also a big Obama supporter.
Solyndra’s execs and board members were big donors to Obama and the Democratic Party and — SURPRISE! — Solyndra was favored with $535 million in federal loan guarantees. Alas, taxpayers will never see any of the $535 million loan repaid because Solyndra had gone belly up bankrupt.
Meanwhile, King Obama tells the American people who face steeply rising prices at the gas pump:

“Let them eat cake buy the affordable $50 light bulb!”


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Solyndra Seeks Bonuses for Employees

Via washingtontimes.com:
Bankrupt Solyndra seeking to pay bonuses
Court’s OK sought for ‘incentive plan’
By Jim McElhatton – The Washington Times
Now seems an unlikely time for handing out bonuses at bankrupt Solyndra LLC, but that’s the plan of company attorneys intending to dole out up to a half-million dollars to persuade key employees to stay put.
Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.
The attorneys say the extra money will add motivation at a time when workers at the solar company have little job security and more responsibilities because so many of their colleagues have been fired.
The names of the bonus-eligible employees are not disclosed in the court filings that outline the bonus proposal. None of the employees is among the so-called corporate “insiders” — top officers or members of the board of directors, records show.
The proposed bonus recipients include nine equipment engineers, six general business and finance employees and up to two information technology workers.
The biggest bonus, for $50,000, would go to a Solyndra employee whose job title is listed as a senior director with a base salary of $206,499 per year. Two senior managers stand to receive bonuses of $30,000 and $32,500.
Bankruptcy attorneys said the so-called “key employee incentive plan” aims to keep important personnel from leaving the company.
You can read the rest here.
Hopefully the presiding judge in this case will tell the lawyers to go pound sand.
Given the amount of taxpayer money that was thrown down this rat hole of a company by the Dear Looter, I would like to see the remaining employees terminated immediately, the assets of this failed company sold, and the proceeds from same put back into the U.S. Treasury.
To me, this entire Solyndra affair reeks of nothing less that a giant money-laundering scam, and the T.A.R.P. fiasco, along with all the other bailout nonsense, appears even worse.
I am now convinced that we, along with George W. Bush and many in congress, were completely had by Paulson, Bernanke, and everybody else involved.
The stench of corruption that is now swirling around this rogue administration is reaching unbearable levels. Unfortunately, I do not see anything meaningful being done about any of it as long as the thoroughly corrupt Eric Holder remains as AG, and the Senate is controlled by democrats.
Perhaps down the road, once Holder and his boss have been ousted, an AG that is truly interested in enforcing the law will give this scandal the attention it deserves.
I will not be holding my breath.

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Obama awards weapons contract to Brazilian company

This morning, the establishment Obama suck-up media are positively orgasmic that the latest unemployment numbers show a drop to just 8.5 percent!!!! To quote Reuters:

Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5%, offering the strongest evidence yet the economic recovery was gaining steam. Republican presidential hopefuls have blasted Obama’s economic policies as doing more harm than good. The latest economic signs, however, could offer the president some political protection. Over the course of 2011, the economy added 1.6 million jobs, the most in five years.

But if you read further into the Reuters article, you’ll see this more sobering qualifier:

Still, employment remains about 6.1 million below its pre-recession level. At December’s pace of job growth, it would take about 2-1/2 years to win those jobs back.

Then Reuters admits that a broad measure of unemployment, which includes people who want to work but have stopped looking and those working only part time but who want more work, is 15.2% or 23.7 million Americans who are either out of work or underemployed.
Those 23.7 million Americans will soon be joined by workers at Hawker Beechcraft. Why? Because Obama, who just cares so much for the American worker, just awarded a big weapons contract to a foreign company described by the Financial Times as  just “venturing into the defense industry,” instead of the U.S. company Hawker Beechcraft. If the contract had been awarded to Hawker Beechcraft, it would lead to the employment of as many as 1,400 new workers across 20 states.

Iran's Ahmadinejad with Brazil's da Silva

Then to make this story even better, the foreign company is a Brazilian company with ties to Iran! — the same Iran whose navy is threatening to blockade the Strait of Hormuz, which will skyrocket our gas prices.
Ben Howe reports for Red State that on Nov. 17, 2011, Hawker Beechcraft was informed by the U.S. Air Force that they were not going to be allowed to compete for an American military aircraft contract to build a light attack aircraft, a contract worth nearly $1 billion.
Hawker Beechcraft had been working with the Air Force for two years and spent over $100 million to ensure its Beechcraft AT-6 complied with all requirements for the plane.
Howe notes that this case is not a question of being outbid or outclassed, but instead a classic example of a contract being awarded without any bidding process at all, something which had infuriated the Left when the recipient of the contract was American company Haliburton.
To make matters worse, the Air Force’s no-bid contract to build a light-attack aircraft went to a foreign company — Brazil’s aerospace giant, Embraer, which has cozy ties to the Brazilian government and is currently under investigation for making illegal payments to obtain government contracts.
Worse still, Embraer has a history of ties to Iran, having supplied Iran with some 40 T-27 Tucanos military aircraft in 1989. Embraer’s close ties to the Iranian military are echoed in the diplomatic “friendship” between Iran and Brazil. In November 2009, Brazilian President da Silva invited Iranian President Mahmoud Ahmadinejad to Brazil. The next year, da Silva helped broker a deal in which Iran would ship only a portion of its low-enriched uranium to Turkey for reprocessing; the rest would remain in Iranian hands, where it could be further enriched for nuclear weapon production.
Hawker Beechcraft’s big mistake is that its employees are represented by the International Association of Machinists (IAM). IAM president, Tom Buffenbarger, is one of the few union presidents without direct access to the White House. Why is that? Because Buffenbarger is so audacious as to be critical of Obama:

“Barack so loved his own performance that he made Galesburg part of his presidential stump speech. That’s right, he’s damn proud of his performance. Well I’m not. All he proved is like Janus, the two-faced Roman god of ancient times. He could act like a friend to the workin’ man. Even as he danced to tune dictated by billionaires. Yes, we’ve seen this act before.”

The problem with Buffenbarger and the workers at Hawker Beechcraft is that they actually thought the United States of America still runs on merit, hard work, and achievement! Somehow they missed the memo that under Obama, the U.S. government is now a big criminal syndicate with Don Corleone Obama as the capo di tutti capi, who awards favors to cronies like Solyndra and punish enemies who don’t kiss his ring.
And just like the mafioso, the breaking news this morning is that Don Obama is proposing a pay raise for federal workers.
Screw the $15+ trillion US national debt. Got to keep the dependents happy!
H/t our beloved GrouchyFogie.

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Agenda 21: Affordable Energy Hearings – Green Jobs

This video has only been viewed 183 times at the time of this posting.  It’s long, but, very important.   It separates the sheep from the goats in terms of congressmen.  Write them to let them know your thoughts based on what they’ve said here.

The House Committee on Oversight and Government Reform held a hearing entitled, “How Obama’s Green Energy Agenda is Killing Jobs” on September 22, 2011. The hearing explored the implications of government programs designed to transition the United States from traditional energy sources to “green,” or renewable, energy for purpose of job creation and economic growth.

See   2010 Smart Grid Insights: Smart Appliances for rationale, budgets, stakeholders, marketing strategies, etc.   NOTE to citizens of other countries; Australia, China, Brazil, Germany, etc – This brochure applies to you and gives figures for the taxpayer money expended for your nation.

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More Obama Boondoggle: A 3rd Failed Solar Company

I posted yesterday on the company, Solar Reserve.
Now, in addition to Solyndra and Solar Reserve, there is yet another failed solar panel company into which Obama had poured millions of taxpayer dollars. Does 3 strikes and you’re out count anymore?
——————————– ~Steve~————————————
From Human Events
SunPower: Twice As Bad As Solyndra, Twice As Bad For Obama.
Congressman’s son lobbied for failing solar panel company
by Neil W. McCabe
How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.
The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.
Two men with insight into the process are SunPower rooter Rep. George R. Miller III, (D.-Calif.), the senior Democrat on the House Education and Workforce Committee and the co-chairman of the Democratic Steering and Policy Committee, and his SunPower lobbyist son, George Miller IV.
Miller the Elder is a strong advocate for SunPower, which converted an old Richmond, Calif., Ford plant in his district to a panel-manufacturing facility.
The congressman hosted an Oct. 14, 2010, tour of the plant with company CEO Thomas H. Werner and Interior Secretary Kenneth L. Salazar to promote the company’s fortunes.
“The path to a clean energy economy starts here, in places like SunPower’s research and development facility,” said Salazar during the tour.
Rest of story HERE!!

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What's the definition of insanity

Posted by Kathleen Gose on October 9, 2011 at 7:47am in Tea Party Nation Forum
Dept of Energy’s failure as a Solyndra‘s Venture Capitalist leads to Larger Loan with a Solyndra/Pelosi Connection
Solyndra cost the American taxpayer $535M and should be titled “The $535M Photo Opportunity”. The epic failure of this company will continue and should continue to be in the spotlight from now until the election next year. It is a text book case study in all things that can go wrong when the financial projection models tell a story of projected cash flow shortfalls in 2011 that fly in the face of political grandstanding by President Obama and Vice President Biden.
Solyndra also failed due to competition from Chinese firms for virtually the same product at a lower price which killed Solyndra’s sales. Where did the Chinese get this technology? They got it under a license agreement with General Electric who got it as a result of some work done at the Oak Ridge Tennessee National Lab. So connecting these dots it seems that we lent money to Solyndra to develop technology we already developed and paid for at Oak Ridge and sent to China for manufacturing.
It makes my head hurt!
The tip of the iceberg has received considerable coverage in the Media. Even the left leaning media outlets can’t spin or deny the scale and scope of the failure of Solyndra and its connections to the West Wing. The Office of Management and Budgets aka “the bean counters” sounded the alarm in 2009 which was largely ignored by the Department of Energy aka “the greenies” which ultimately approved the funding.
It is important that you have and review the reports from the House Committee on Energy and Commerce review of the circumstances and timeline surrounding the $535M loan to Solyndra. The SolyndraStoryFinalMemo document is an excellent summary of these events. The DocumentsEnteredIntoRecord document contain the eye opening emails between staffers and the pressure on them to wrap up the loan approval process to meet event scheduling deadlines aka as the photo opportunity. The final document SolyndraLoanGuaranteeMemo is at least an interesting read as it is addressed to the Democratic members of the subcommittee and is a text book example of political spin for the bruised and battered Administration.
Why is Solyndra the tip of the iceberg? When faced with the Solyndra failure the Department of Energy has done it again. DOE hastily approved an even larger loan to another firm backed by a number of private equity firms including one that employs a Pelosi relative and a former Solyndra Board of Directors member, Steve Mitchell.
“Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies — including a $737 million loan guarantee to a company known as SolarReserve:
SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.
The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California.
On SolarReserve’s website is a list of “investment partners,” including the “PCG Clean Energy & Technology Fund (East) LLC.” As blogger American Glob quickly discovered, PCG’s number two is none other than “Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives.”
But wait… there’s more! One of SolarReserve’s other investment partners is Argonaut Private Equity:
Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given a $737 million dollar loan guarantee to a company backed by Argonaut that also lists Mitchell among its board of directors.
Mitchell served on the Solyndra LLC Board of Directors. He also serves as Managing Director for Argonaut Private Equity, a company that invested in Solyndra through the LLCs parent company.”
So since we all are investors in these companies as American taxpayers we should ask some simple questions.
Does this pass the smell test?
What will be Ronald Pelosi’s role and did Nancy Pelosi have any involvement over the loan approval to SolarReserve?
Is Steve Mitchell in any position to recover losses suffered by the Argonaut investment in Solyndra by the loan to SolarReserve?
What does the financial model show for SolarReserve? Did they prepare that one without any regard to working capital requirements like the initial Solyndra model?
I know we all feel helpless to effect how this Administration is spending our hard earned borrowed from China venture capital. What is important is that we continue to speak out, raise flags, ask hard questions of all involved in these decisions.
The Chief Executive Officer of a failed or grossly mismanaged firm typically either resigns or is fired by the Board of Directors. Mr. President YOU ARE FIRED as Chief Executive Officer of the United States of America. Unfortunately there is no severance package available. You spent it all.


Now don’t you feel better knowing how your money is being spent. Ouch, my head just esploded.. 🙁

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Congressional Investigation of the Obama White House/Solyndra Connection

 Fire up the Shredders!

House investigators said they have uncovered evidence that White House officials became personally involved in an Energy Department review of a hot-button $535 million loan guarantee to the now-failed California solar company Solyndra.
The allegation surfaced in a letter House Energy Committee Chairman Fred Upton (R-Mich.) sent to the White House Thursday night, saying he planned to accelerate efforts to understand an investment deal that may have left taxpayers out half a billion dollars.
“We have learned from our investigation that White House officials monitored Solyndra’s application and communicated with [Department of Energy] and Office of Management and Budget officials during the course of their review,” the letter says.
Thursday’s letter, which calls on the White House to turn over correspondence between administration officials, Solyndra and its investors, presents the most pointed suggestion that the White House had direct involvement in the financing.   Full story with audio

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More jobs gone…

Skippy's "job creation"

Solyndra to Declare Bankruptcy

Via NBC: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization.  Solyndra is a major manufacturer of solar technology in Fremont, CA and has shut its doors, according to employees at the campus. As a result of the suspension of operations approximately 1,100 full-time and temporary employees are being laid off effective immediately. From their statement:
“Despite strong growth in the first half of 2011 and traction in North America with a number of orders for very large commercial rooftops, Solyndra could not achieve full-scale operations rapidly enough to compete in the near term with the resources of larger foreign manufacturers.  This competitive challenge was exacerbated by a global oversupply of solar panels and a severe compression of prices that in part resulted from uncertainty in governmental incentive programs in Europe and the decline in credit markets that finance solar systems.”

“I was told by a security guard to get my [stuff] and leave,” one employee said.  An NBC Bay Area photographer on the scene reports security guards are not letting visitors on campus. He says “people are standing around in disbelief.” The employees have been given yellow envelopes with instructions on how to get their last checks.

Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said  “it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. “

The federal government offered $535 million in low-cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.

Some Republicans have been very critical of the loans.  “I am concerned that the DOE is providing loans and loan guarantees to firms that aren’t capable of competing in the global market, even with government subsidies”  Florida Congressman Cliff Stearns told the New York Times.

Wonder if Skippy will mention anything about this in his “jobs creation” speech?

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