White House Orders Review of Energy Department Loans
**Written by Doug Powers
What are the odds this review determines that there was indeed malfeasance during their watch?**
**The Rhetorical Question of the Day was brought to you by QuietRock soundproof doors. When you don’t want to hear the answer, make it QuietRock!
From Fox News:
The White House has ordered a review of the Energy Department’s loan guarantee program in the wake of a growing scandal over Solyndra, a California-based solar company that went bankrupt after receiving a $528 million federal loan.
Congressional Republicans have been investigating the bankruptcy of Solyndra Inc. amid revelations that federal officials were warned it had problems but nonetheless continued to support it. The House Energy and Commerce Committee could vote as early next week to subpoena White House records related to the loan.
White House chief of staff Bill Daley says the new independent review will assess the condition of other loan guarantees made by the Energy Department. There are more than two dozen of these to a variety of clean energy companies.
Daley said he’s tapping a former Treasury official to conduct the review.
Don’t even bother to ask Rahm Emanuel about it.
Solyndra is the big name in the Energy Department’s venture socialism program where taxpayers only get a piece of the action on the downside, but Solyndra is not alone. Today brought just the latest example of a DoE loan to an Obama fundraiser:
An investment firm whose vice chairman has been an adviser and fundraiser for President Obama saw one of its portfolio companies win approval this year for $50 million in loans from the administration’s clean-energy loan program.
Washington-based Perseus says its affiliation with James A. Johnson, a major fundraiser for Obama’s campaign, played no role in persuading the Energy Department to award the loan to Vehicle Production Group, a Miami start-up that is manufacturing wheelchair-accessible cars and taxis.
Johnson headed Obama’s vice presidential selection committee in 2008 and is the former chairman of housing mortgage giant Fannie Mae. He was listed as a campaign fundraising bundler for Obama in the 2008 race, according to the Center for Responsive Politics, and committed to raising $200,000 to $500,000 for the upcoming presidential race.
Energy Secretary Chu will testify before Congress next month. Sheriff Joe Biden, who was charged with monitoring every dollar of stimulus money to make sure it was accounted for and spent responsibly, would have also been asked to appear but I think he’s going to be busy filing for a restraining order against Jason Mattera.
**Written by Doug Powers
Twitter @ThePowersThatBe
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In other news: Fox orders security audit of hen house.
(munching popcorn) More cheese Gromit!
Get ALL of them before they have the chance to shred, burn or otherwise destroy the documents.
“Documents? We don’t have any documents.”
Who wants to bet it’s another Clintonista?
MSM to start calling for an end to the Congressional investigation in light of the White House review, in 3…2…1…
from January 2001 to January 2009
“Lets see, there’s that one, and that one, and oh yeah, I remember that one… Okay, Mr. President, we’ve reviewed them.”
I really, really feel confident that Daley will leave no rock or stone unturned in what is sure to be a thorough investigation.
sarc/off
What do you want to bet that the entire West Wing is now creating a bedtime story for all of us that will exonerate everyone?
MM is so right – nothing but filth and corruption in the D.C. cesspool.
I thought the White House hates Fox.
OK people, has anything that has ever come out the wh been truthful? Does any numbers of the weekly or monthly jobs numbers ever been truthful? Don’t they have to revise them everytime? Now, how can we believe on single word that come out of bho, team, or even(it seems) dc? Do y’all believe bho? Do y’all believe that this will get resolved? Are taxpayers still gonna get the shaft with bho’s eo to do his evil works? You bet we will!
L
…so, “resist we much!” and we’d better do it muchly.
Problem? WHAT Problem!
http://www.bloomberg.com/news/2011-10-27/obama-miracle-is-white-house-free-of-scandal-commentary-by-jonathan-alter.html
According to John Alter, this is only a “scandal” on “right wing websites”. NOT… quite as keen on backing UP his claims as our own Michelle, but what the hell, it’s Friday and who couldn’t use a laugh?
so squawk, bellow, whatever you must to be heard over the Quietrock doors installed at the MSM newsrooms…
OK, I can’t watch anymore…I am going to be more than ill…someone, PLEASE nail this EVIL before we’re all swallowed up by the cesspool!!
Another sham.
IF any results come of this it will be too late and posted somewhere after the obits.
Just a distraction.
So is the “document drop” for this Friday?
So you burn money and fell good about doing it!
“Why say No when it feels so good to say YES!?” ( Bonus pts. for source )
It reminds me of the scene in TOMBSTONE when the Erps were headed for the OK Corral. Sheriff Behan headed them off and said something along the lines of “I’ve disarmed the bad guys, nothing to do or see here”.
You can cancel your Congressional hearings, Sheriff Joe Biden and his deputies are hot on the trail of this malfeasance. And they will find out who in the Republican party is responsible.
1. Castro District?
2. Krispy Kreme?
3. Tommy Boy?
And of course, right on time to influence the market…
I am sure it is all one big coincidence…
Bring the hot tar and feathers now.
That’s just great. The extremely corrupt investigating the absolutely corrupt. Does anyone in America actually believe the Jackass-In-Chief and his Jackass Party, are actually capable of a truthful word???
Well, there we have it in black and white…the review will be anything but independent, as we understand the word independent to mean.
The opposite of what they say is the reality. Here’s why: They like the program, and have stated how wonderful, and forward looking it is. Why would they now want to review a “successful” program that “works”, and that is so “forward looking?” They wouldn’t.
Has anyone yet remarked: Here we go again!?
Oh… he’s good. He’s real good…
When it comes to Gubmint handouts, who doesn’t like a twofer? I’m working on solar-powered umbrellas for Acorn volunteers as we speak.
cabreski, you’re stoning me man! Stoning me!
An article in the AZ Republic yesterday read that the CEO of our largest local solar energy company in AZ is resigning. I suspect with a huge severance check.
They only got a half a billion in loans from us a couple of years ago. Their stock dropped by 25% last week for some reason. The VP will take over as CEO.I wonder how long before they go belly up?
Solar panels are being built into new homes here now, so you’d think the market would be fairly good, except new homes sales are really slow now too.I suspect they over produced and are sitting on a huge inventory.
In the 20′s and 30′s progressives built damns in the name of prosperity and clean energy. Now we are blowing those same dams to restore the rivers for fish I love how progressives fail to see the irony of their previous green energy failures and how even successful ventures over time turn out to be no good.
So, where are the RNC and GOP in the media talking up this “review”?
You would think that for such a medium issue like this that someone with cajones would step up in front of the camera?
Oh wait, I’d rather listen to paint dry than Boehner.
Well I can hope…..
A name we read about every single day: Debbie Wasserman-Schultz.
A name we never EVER read about: Reince Priebus.
We all know the sound of DW-S’s annoying voice but would anyone recognize Priebus’ voice? Does he EVER say anything?
Why can’t we have our presidential candidates and GOP party leaders making a big stink about all of these scandals? I don’t mean gentlemanly protests about “I’m better than Obama” but specific, newsworthy attacks that get everyone’s attention? They haven’t been shy attacking the Tea Party and conservatives and throwing them under the bus when they attack Dems.
The one party system. We keep voting for it so why should anything change?
Ha! Seeing is believing. When I see a Solyndra executive, a Solyndra lobbyist, and Eric Holder in handcuffs, then I’ll start believing.
Why indeed, unless none have a cogent energy strategy to propose – or the guts to call out the Gorebull warming (wealth redistribution) fraud and put a stake through it’s heart once and for all.
Why is the Dept. of Energy loaning money to ANYONE? We need all the coal, natural gas and oil the US can produce and we need it NOW – and DOE is throwing our money at infeasible, undeveloped, unmarketable technologies.
Solyndra is of course only one rotten egg in this basket. $529 billion to Fisker to build $110,000 hybrids that no one in the US will buy built in Finland?? This “investigation” is a sham attempt by the WH to distance itself from the very fraud they perpetrated – and I’ll bet $1 to a dog pile there is a whole lot more crud in this sewer. Watch for it.
The WH is investigating the Energy Dept loans just NOW? Why not before they gave ‘em out? Oh, but then they do call it a loan guarantee program. But didn’t the Solyndra scandal break like a few months ago?
Wait, wait, wait. I musta been so occupied with the Occupiers that I missed all the latest breaking maliciousness and evil-doing at the Big House.
The Ds have always hit Rs below the belt.
Rs have, almost never, hit a D. They usually only tap with kid’s gloves.
Thus we are getting what we are paying for.
‘We have conducted a thorough investigation and have determined an investigation was unwarrented.’ Eric Holder.
Back in the real world, I’m sure it’s already been mentioned but it bears repeating, The White House is demanding an investigation as a smoke screen to nullify the subpenas that are to be coming from the Oversight Committee. It’s just another stonewalling tactic to prevent sunlight being shown on more corruption. That’s all.
Hey Rube!!
P.T. Barnum’s livelihood was dependent on people who think this investigation will uncover anything criminal.
“Mistakes were made.”
It won’t? /sarc (the obligatory tag)
Swede…(#30)
Since all I have to do is put up a dog pile, I call. Where do you want me to send it?
How many times have we seen this crap? The classic Potomac Two Step!
The purpose of the review is probably to identify the companies which will need still more loans to avoid going under before November 4th, 2012.
After November 4th? No big deal.
***
And in unrelated “News”–Fidel Castro held a news conference and appointed his brother Raul to investigate the claims that Cuban Dissidents are being abused and mistreated by security forces.
***
Raul acted quickly and handed Fidel a two line report stating that “The investigation is complete and no problems were found. This matter is closed!” The loyal Cuban media stood up and applauded.
***
Then the brothers left the news conference and departed for the beach for a few well deserved Cuba Libres and an excellent seafood dinner.
***
John Bibb
***
Someone mention Sun Power? Another Greener fave:
Thanks for the “Investopedia” definition. We GOT it from here.
Seeking ALPHA? Never heard of ‘em?
1600 Pensylvania Ave
Washingtoon DC
Attn: ZERO
The literal answer to that rhetorical question is: Slim and none
The Pres is a real con.
…and in other news, the fox is reviewing the number of chickens in the henhouse. The count is …one…two…munch…three…
This is how the White House reviews loans.
crony: Yes
crony: Yes
crony: Yes
crony: Yes
crony: Yes
crony: Yes
non-crony: No
You guys are too smart on this board today. Loved reading thru all comments.
Happyscrapper needs to bring all those skillets from the Skillet House (see her pic from another post), and hand them out as weapons of choice to all of the rest of us. We are going to need them.
Uh…er…uh…sorry?
Our problem with all of this is that we have no one looking out for “We the People”. The R-Clowns are avoiding any conflict or confrontation so as not to jeopardize their own careers. The D-Criminals have control of all of our safety networks. We are in serious trouble.
I just can’t help but imagine Boehner and McConnell reading a favorable column in the WaPo or NYT and gushing their best Sally Field:
“…I’ve wanted more than anything to have your respect. The first time I didn’t feel it, but this time I feel it, and I can’t deny the fact that you like me, right now, you like me!”
Wrong headline:
Obama orders cover up of energy loans. WH says there will be no further comment until Holder releases his findings.
This purpose for this “so called” independent review can be summed up in two words:
Window dressing.
Does anyone, except those with half-a-brain (anally retentive liberals,) really believe the Obama administration is:
1) concerned about any level of spending on any program they support, except the Defense Department programs?
2) sincerely going to be transparent with anything remotely connected to Obama, much less the origins of his campaign donations, or the people connected to them?
3) suddenly going to become honest, not perjure themselves, and open the books for anyone, save Jarrett or Axelrod?
I didn’t think so…well, the token progresso-idiota, Ilovefingeringmysphincter believes it.
I’m guessing that Obama wants to ensure that every loan is subordinated to his campaign contributors before its too late!