Billionaire oilman, George B. Kaiser’s foundation had the biggest stake in failed solar- panel maker Solyndra LLC.
Connect that dot with the fact that Kaiser, an Obama contributor, has visited the White House 16 times since 2009—and this is according to official visitor logs.
Kaiser’s company, Solyndra got $535 million from Obama—funds which have disappeared.
Now, Obama, has given a $737 million Green Jobs Loan to Nancy Pelosi’s brother-in-law, Ronald Pelosi.
Yes, Ronald Pelosi is the brother of the mafia-like mystery millionaire, Paul Pelosi, Nancy’s husband.
We don’t know yet what Ronald Pelosi is going to do with all the money, but he may follow in the profitable footsteps of Solyndra.
The glass-and-metal building that Solyndra LLC began erecting in Fremont, California, in September 2009 was something the Silicon Valley area hadn’t seen in years.
It wasn’t just any factory. When it was completed at an estimated cost of $733 million, including proceeds from a $535 million U.S. loan guarantee, it the equivalent of five football fields. There, robots that whistled Disney tunes. There were spa-like showers with liquid-crystal displays of the water temperature—super luxury!
Contrast the U.S. foolishness and corruption with the solar energy project taking place right across the border in Mexicali, Mexico.
In Mexicali, they are building a facility to manufacture solar cells and generate power for both sides of the California-Mexico border.
And no, the developers were not backed by Obama like his fellow crooks at Solyndra. The Mexicali $500 million project is backed by Taiwan—private business in Taiwan—not by the U.S. taxpayers.
The Taiwan project is located west of Mexicali in a high-tech industrial park known as Silicon Border CleanTECH Park.
The project will be the first in Mexico to integrate manufacturing of solar cells with energy production, said David Tenney, chief financial officer for Silicon Border.
“The financial crisis really put a stop on a great percentage of renewable energy investments,” Tenney said. “We’re feeling like we’re in a great position,” he said, with good strategic location, labor rates comparable to coastal China’s, and a skilled labor pool in Baja California.
At full capacity, the facility will create 4,240 jobs in Baja California.
The project is a great boost for Silicon Border, a project developed by two entrepreneurs from Rancho Santa Fe with the vision of attracting technology companies from Asia to Mexico.
But, back to Solyndra.
Even “squeaky-clean” Condoleezza Rice got in on the Solyndra action, Her consulting firm, the Rice Hadley Group, worked as recently as last spring for Solyndra. Condoleezza partnered on this gig with former National Security Adviser Stephen J. Hadley and Ms. Anja Manuel, a special assistant to Ms. Rice during the Bush administration. And you thought Condi was just a university professor?
The Rice Hadley Group is among the creditors in Solyndra’s bankruptcy filing and expects to get a bundle of the American taxpayers’ money for whatever it was they did for Solyndra.
The Obama gravy train continues on with its high-level passengers, including the Pelosi Mafia, Condoleezza Rice, the crooks at Solyndra, and billionaire oilman, Kaiser.
How long is America, with its unemployed and uninsured, going to let Obama get away with the theft of the taxpayer’s money?
Meanwhile, in Mexicali, honesty is trumping Obama’s crooked crowd.—
Thanks to Obama, there will be more jobs for Mexico, with less jobs, and money, for the American people.
November 10, 2011 update
Newly obtained emails released by House investigators suggest that George Kaiser, a billionaire Obama donor and chief investor in bankrupt solar panel manufacturer Solyndra, discussed the company with White House officials, directly contradicting earlier accounts.
In a letter to the White House, House Energy and Commerce committee Chairman Fred Upton, R-Mich, and oversight panel chair Rep. Cliff Stearns, R-Fla., disclosed the emails including one from March 5, 2010 between Kaiser and Steve Mitchell, Kaiser’s venture capital firm Argonaut.
“BTW, a couple of weeks ago, when Ken and I were visiting with a group of Administration folks in DC who are in charge of the stimulus process (White House, not DOE) and Solyndra came up, every one of them responded simultaneously about their thorough knowledge of the Solyndra story, suggesting it was one of their prime poster children.”
Yet both Kaiser and the White House previously denied Solyndra was ever discussed in any of his 17 visits to the White House.
November 16, 2011 update
The Solyndra investigation has churned up questions about Obama’s strategy of doling out taxpayer money.
The rolls of green energy subsidies show that beyond a few headline-grabbing cases, several well-connected Democrats obtained taxpayer assistance for environmentally friendly projects.
— Solyndra, which received $535 million in loan guarantees and whose chief investor was Obama campaign bundler, George Kaiser;
— Brightsource Energy, which received $1.6 billion and whose senior adviser is Robert Kennedy, Jr., an early Obama backer;
— Solar Reserve, which got a $737 million loan, and whose major investor, Michael Froman, was a deputy assistant to the president. Froman bundled up to $500,000 for the president’s 2008 campaign—this is the company of Nancy Pelosi’s brother-in-law, Ronald Pelosi;
— Granite Reliable Wind Generation, which received a $168.9 million loan. The company’s majority owner is Nancy Ann DeParle, a White House deputy chief of staff and former head of the president’s health care communications team during the reform debate; and
— Abound Solar, which received $400 million in grants. A key investor is billionaire heiress Pat Stryker, who gave $87,000 to Obama’s inauguration committee, and hundreds of thousands more to Democratic causes.
Peter Schweizer, author of the book, “Throw Them All Out,” wrote that at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers took money from administration loan programs.
Schweizer believes that many of those who were chosen to receive loan guarantees, were picked almost solely for their success in raising money for the Obama campaign.