Obama Lies About Solyndra- FactCheck.org Busts Him

By Susan Duclos

Barack Obama attempted to distance himself from his disastrous and very public support of Solyndra in a radio interview on Tuesday saying "Understand, this was not our program per se. Congress–Democrats and Republicans–put together a loan guarantee program…to help start-up companies get to scale."

Fact Check.org finds more than one inaccuracy in his assertions:

President Obama exaggerated when defending his administration’s approval of a $535 million loan guarantee to Solyndra, a now-defunct solar company.

Obama referred to Solyndra’s loan at an Oct. 6 press conference as “a loan guarantee program that predates me.” That’s not accurate. It’s true that the Energy Policy Act of 2005 created a loan guarantee program for clean-energy companies developing “innovative technologies.” But Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing “commercially available technologies.”

The president also overstated past Republican support for the program, saying “all of them in the past have been supportive of this loan guarantee program.” Republicans overwhelmingly opposed the American Recovery and Reinvestment Act of 2009, and some of them even voted against the Energy Policy Act of 2005 at a time when Republicans controlled both houses of Congress.

Obama seems to think that because he says something, even explicit lies, that Americans will automatically allow him to rewrite history and believe every word.

The photo at the top is of Obama, very publicly and specifically giving his personal support to Solyndra and holding them up as a shining example of his policies and his American Recovery and Reinvestment Act of 2009.

Solyndra has filed for bankruptcy causing massive layoffs and costs the American taxpayers hundreds of millions of dollars.

You can read more about the Solyndra scandal that is rocking the Obama administration at ABC News in an investigative piece they published back in December.

Teaser:

Federal auditors had flagged the $535 million loan to Solyndra, saying some applicants had benefitted from special treatment. And by September, when Solyndra had shut its doors and declared bankruptcy, members of Congress wanted answers. Congress began demanding information about the loan, which had aroused suspicion because one of the lead private investors in Solyndra was an Oklahoma billionaire who also served as an Obama "bundler," raising money during the 2008 presidential campaign.

It is time for Obama advisers to tell him to man up, grow a pair, admit his mistakes and stop trying to blame others for his own very public failures.

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In What Alternate Bizarro World Reality Is A $50 Lightbulb 'Affordable'?

By Susan Duclos

Via Washington Times:

A new LED fixture from the Philips Corp. is the latest public-relations disaster for the Energy Department. The 60-watt equivalent bulb won the Energy Department’s $10 million “L Prize” for an environmentally sensitive bulb that is “affordable for American families.” The retail price is $50 each.

From Solyndra to Philips, Obamacare to the HHS abortion mandate, stimulus which didn't stimulate to unemployment that is still over 8 percent, soaring gas prices to his rejection of Keystone, just another example in constant examples of Barack Obama's horrendously expensive bad policies.

America simply cannot afford four more years of Barack Obama.



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Another Obama Backed Company Files for Bankruptcy

By Susan Duclos

The Solyndra scandal wasn't the exception it was part of a pattern that is emerging of Obama backed companies that, combined, received billions in grants or loan guarantees, going bankrupt because they were bad investments to begin with.

Other companies in this pattern include, but are not limited to;

SunPower, BrightSource, Tonopah and Solar Energy.

Today, news is out that Ener1, an Indiana-based energy-storage company, whose subsidiary received a $118.5 million stimulus grant from the Energy Department, has filed for bankruptcy.

The Irony

The Energy Department in 2009 approved a $118.5 million stimulus grant for EnerDel, a subsidiary of the company that develops lithium-ion batteries used in electric vehicles. The company has so far spent $55 million of the federal funding.

Ironic because this comes just days after Barack Obama touted "our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries," in his State of the Union Address.

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Obama Throws Good Money After Bad At 11 More Solyndras

By Susan Duclos

Video below via Big Government, titled "CBS News: Obama’s 11 More Solyndras."





Teaser:

In the wake of Peter Schweizer’s explosive revelation that 80 percent of the Department of Energy’s $20.5 billion in green energy loans went to President Barack Obama’s fundraisers and donors, CBS News is now reporting that the Obama Administration spent billions of taxpayer dollars on 11 more Solyndra-style loans to so-called green energy companies that have since gone bankrupt or are facing serious financial difficulty.

The level of incompetence shown by the Obama administration is unprecedented. That is saying a lot considering we once had Jimmy Carter as a President.

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Obama Admin Pushed 'Very Hard" For Delay Of Solyndra Layoffs Until After 2010 Midterm Election

By Susan Duclos

The Solyndra scandal is damaging enough to the Obama administration but the more information that becomes available makes it even worse.

Newly released emails, according to the Washington Post, show that the Obama administration was warned prior to the 2010 midterm elections that Solyndra was planning their initial layoffs and because it was politically damaging news for Democrats, the the Obama admin's Energy Department "persuaded" Solyndra to delay the announcement until after the November 2, 2010 elections.

The Energy Department asked the company to delay the announcement until Nov. 3, one day after the elections, previously released e-mails from company officials show.

According to a Solyndra investment adviser, the department was pushing "very hard" for the delay and the announcement was, indeed, not given until a day after the elections.

The e-mails show the looming news set off a flurry of activity at the White House. The first warning came Oct. 26, when the Energy Department’s chief of staff, Rod O’Connor, told Browner and other White House aides that the company’s bad news would come in two days and offered to discuss the matter.

The e-mails show that a day later, a top deputy to Browner was telling colleagues that the layoff announcement had been put off a week.

“I hear from [Zichal] that whatever announcement of ‘problems’ they are considering has been delayed a week,” an aide to White House Chief of Staff Rahm Emanuel wrote to Vice President Biden’s chief of staff, Ron Klain.

The Energy Department has declined to confirm events described in the e-mails. Energy Secretary Steven Chu testified in a November congressional investigative hearing that he didn’t know anything about a move to put off the announcement and promised he would find out who was involved.

“It’s not the way I do business,” Chu said then. “I would not have approved it.”

Since this post is dealing with Solyndra/Obama, the timing of the Americans for Prosperity $6 million ad campaign against Obama and his ties and knowledge of Solyndra's failure, is fortuitous, unless you are Barack Obama that is.



Via Jake Tapper:

The campaign will focus $5 million in TV ads that will start running Monday afternoon on network and cable outlets in battleground states Michigan, North Carolina, Ohio, Virginia and Wisconsin. The group thought about running the ads in Florida, but decided against it since the Sunshine State’s airwaves are saturated with ads about the January 31 GOP primary. An additional $1 million-plus will buy ads on social media websites.

This ad picks up where AFP’s last ad left off. Last Fall the group launched a $2.4 million ad campaign against President Obama also focusing on the Solyndra controversy.

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