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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 09-15-2011, 09:49 AM   #1
Swimmer
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Obama gave $535 million to Solyndra, a now bankrupt so-called green company

In May 2010 the president said, "companies like Solyndra are leading the way toward a brighter and more prosperous future."
(Boston Herald, 09/15/11, Michael Graham column).

This company is own by one of the biggest democratic fundraisers that Obama and the dem's had. Tell me giving the guy whose company was described in a federal audit as having, "suffered recurring losses from operations, negative cash flow since inception and has a net stockholders' deficit that .....raised substantial doubt about its abilty to continue as a going concern." Even though the company was essentiallyon its way out, even with thew bailout, the bailout still happened, and now the company is of course bankrupt. Does this sound familiar, "Evergreen Solar, DevaL Patrick, $50 million."
So the feds give a guy who probably raised $20,000,000.00 dollars for the democratic party $535,000,000.00 to abscond with basically.
It gets better, this was brought before a committee for investigation that Ed Markey sat on in congress and he cast a vote not to isse subpoena's to find out what happened.
Man if this isn't outright larceny. How many times does this happen and we never here about it.
Obama should be investigated, indicted, and impeached for is part in getting his buddy this money.

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Old 09-15-2011, 11:45 AM   #2
Slipknot
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Quote:
Originally Posted by Swimmer View Post
Man if this isn't outright larceny. How many times does this happen and we never here about it.
Obama should be investigated, indicted, and impeached for is part in getting his buddy this money.
I agree, if it's true
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Old 09-15-2011, 02:51 PM   #3
JohnnyD
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Quote:
Originally Posted by Swimmer View Post
Man if this isn't outright larceny. How many times does this happen and we never here about it.
Obama should be investigated, indicted, and impeached for is part in getting his buddy this money.
This is the issue with politics as usual.

Have you read about the racket that Rick Perry has going on in Texas?

This article is pretty eye opening of the backdoor deals that he's running down there:
Charles Dameron: Rick Perry's Crony Capitalism Problem - WSJ.com

Quote:
Among the companies that the Emerging Technology Fund has invested in is Convergen LifeSciences, Inc. It received a $4.5 million grant last year—the second largest grant in the history of the fund. The founder and executive chairman of Convergen is David G. Nance.

In 2009, when Mr. Nance submitted his application for a $4.5 million Emerging Technology Fund grant for Convergen, he and his partners had invested only $1,000 of their own money into their new company, according to documentation prepared by the governor's office in February 2010. But over the years, Mr. Nance managed to invest a lot more than $1,000 in Mr. Perry. Texas Ethics Commission records show that Mr. Nance donated $75,000 to Mr. Perry's campaigns between 2001 and 2006.
Quote:
Starting in 2008, Mr. Perry also appropriated approximately $2 million in federal taxpayer money through the auspices of the Wagner-Peyser Act—a federal works program founded during the New Deal and overseen in Texas by Mr. Perry's office—to a nonprofit launched by Mr. Nance called Innovate Texas.
Quote:
ThromboVision, Inc., a medical imaging company, was also the recipient of an award from the Emerging Technology Fund: It received $1.5 million in 2007. Charles Tate, a major Perry contributor, served as the chairman of a state committee that reviewed ThromboVision's application for state funding, and Mr. Tate voted to give ThromboVision the public money. One month after ThromboVision received notification that it would receive a $1.5 million state grant in April 2007, Mr. Tate invested his own money in ThromboVision, according to the Dallas Morning News. The Texas paper later found that by 2010 Mr. Tate owned a total of 200,000 preferred shares in ThromboVision
It's all a huge scam to funnel middle-class money up to the few people in the Good Ol' Boys' gang.
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