President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.
Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4.
His investment firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri.
Republicans argue that it’s inappropriate for the Obama campaign to raise money from a donor who has benefited directly from the Recovery Act.
Missouri Republican Party executive director Lloyd Smith compared the situation to the Solyndra affair, in which the Obama administration reportedly rushed federal support to a green-energy firm that subsequently collapsed.
Those of us from Chicago know exactly what the Solyndra scandal smells like. And It doesn’t smell fresh and green.
By John Kass
The Solyndra scandal cost at least a half-billion public dollars. It is plaguing President Barack Obama. And it’s being billed as a Washington story.
But back in Obama’s political hometown, those of us familiar with the Chicago Way can see something else in Solyndra - something that the Washington crowd calls “optics.” In fact, it’s not just a Washington saga - it has all the elements of a Chicago City Hall story, except with more zeros.
The FBI is investigating what happened with Solyndra, a solar panel company that got a $535 million government-backed loan with the help of the Obama White House over the objections of federal budget analysts.
Obama and Vice President Joe Biden got a nice photo op. They got to make speeches about being “green.” But then Solyndra went bankrupt. Americans lost jobs. Taxpayers got stuck with the bill. And members of Congress are now in high dudgeon and making speeches.
Federal investigators want to know what role political fundraising played in the guarantee of the questionable loan. Washington bureaucrats warned the deal was lousy. And White House spokesmen flail desperately, like weakened victims in a cheesy vampire movie.
So forget optics. What about smell? It smells bad, and it’s going to smell worse.
Or, did you really believe it when the White House mouthpieces — who are also Chicago City Hall mouthpieces — promised they were bringing a new kind of politics to Washington?
This is not a new kind of politics. It’s the old kind. The Chicago kind.
The top two executives of a solar-energy company that filed for bankruptcy after getting $528 million in loan guarantees from the Obama administration said Tuesday that they will invoke their constitutional rights against compelled self-incrimination when they appear at a Congressional hearing.
The chief executive of Solyndra, Brian Harrison, and Bill Stover, the chief financial officer, hired lawyers in preparation for the hearing this week before the House Energy and Commerce committee and got advice not to say anything, according to a representative of the lawyers.
The offices and the homes of some executives of Solyndra, a California solar-panel manufacturer, were recently raided by the F.B.I. as part of a criminal inquiry into the bankruptcy. The company said in a statement that it was “not aware of any wrongdoing by Solyndra officers, directors or employees in conjunction with the DOE loan guarantee or otherwise.â€
As if the Solyndra and LightSquared controversies were not enough, another one of President Obama’s favorite companies pushing the green agenda is being investigated, this time in China.
Johnson Controls Inc., which is headquartered in Wisconsin and operates a battery manufacturing facility in Shanghai, has recently come under scrutiny by locals for excessive cases of lead poisoning in children living in the area. According to China Daily, 25 children in Kangqiao town are being treated for lead poisoning. The Johnson Controls plant, along with others in the area, has been shut down.
GREENgate is the developing story that suggests that the Obama administration’s “green jobs” program is more about delivering the “green” to major donors than creating sustainable “new economy” jobs.
First a couple of clips from Fox News revealing some of the details coming to light in the Solyndra scandal. Next a clip from Jon Stewart’s Daily Show – you know things are bad when people from your own side of the political spectrum begin to poking fun at you.
President Obama on Green Jobs at 2011 State of the Union Address
Obama Regime Steals Billions from Taxpayers – Blows it on Failed Green Projects
By Jim Hoft
The Obama Administration spent nearly half of the $38.6 billion ($17.2 billion) set aside for his green energy programs and was only able to create 3,545 permanent green jobs. This comes out to a staggering $4,853,000 per job.
Obama continued to push green energy initiatives in his 2011 State of the Union Address.
The Obama Administration has blown billions of taxpayer dollars on green energy and has only succeeded in producing a few thousand jobs.
The green-jobs revolution may be going up in smoke.Despite billions of dollars in federal investment and cheerleading from President Obama, even the most ardent supporters of a transformed, job-generating energy sector based largely on wind, solar and other renewable sources acknowledge that their dreams have not translated into reality. The records for other countries chasing green employment opportunities have been equally unimpressive.
Rep. Maxine Waters, California Democrat, told MSNBC last month that, despite impassioned support from liberal Democrats and environmentalists, “green jobs” initiatives “have been about a lot of talk, and not a lot has been happening on that.”
The absence of a promised boom in environmental jobs has become a talking point among Republicans who are campaigning to unseat Mr. Obama in the 2012 election.
Mr. Obama “keeps talking about green jobs,” former Massachusetts Gov. Mitt Romney said during the GOP candidates debate Wednesday night. “Where are they? Let’s have real jobs.”
Talk of green jobs was conspicuous by its absence from Mr. Obama’s jobs speech to a joint session of Congress on Thursday night. He gave the address on the same day that the FBI raided California solar-energy company Solyndra, which filed for bankruptcy and laid off at least 900 full-time employees.
Despite Solyndra’s abrupt closing and bankruptcy announcement last month, the Department of Energy (DOE) is undeterred. Just this month, the agency made two more loan guarantees worth millions of dollars to alternative energy firms.And, as was the case with Solyndra, officials and investors with the two new companies have strong financial ties to President Barack Obama.
On September 7, the DOE announced its plan to guarantee 80 percent – or $275 million – of a $344 million private loan taken out by the firm SolarCity. The company installs rooftop solar systems that harvests electricity SolarCity then sells.
GE CEO Jeffrey Immelt, the head of Barack Obama’s Economic Advisory Panel, was invited to sit with the First Lady during the president’s speech to Congress this past week. He’s been a strong supporter of the president since he took over the White House and his companies have received plenty of government funds as well.
GE was awarded 44 contracts totaling over $46,000,000 and 44 grants totaling more than $79,000,000 from the Obama-Pelosi $757 billion dollar stimulus package. Millions of dollars in stimulus funds were used by GE in green energy projects.
Today GE announced that it was going to gut its offshore wind-power plans.
Not only does the now-bankrupt solar energy firm Solyndra have a cozy financial relationship with the Obama administration, company representatives also made numerous visits to the White House to meet with administration officials, The Daily Caller has learned.
According to White House visitor logs, between March 12, 2009, and April 14, 2011, Solyndra officials and investors made no fewer than 20 trips to the West Wing. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged.
George Kaiser, who has in the past been labeled a major Solyndra investor as well as a Obama donor, made three visits to the White House on March 12, 2009, and one on March 13. Kaiser has denied any direct involvement in the Solyndra deal and through a statement from his foundation said he “did not participate in any discussions with the U.S. government regarding the loan.â€
Part of a Joint Investigation with the Department of Energy
By RJ Middleton
FBI agents armed with search warrants descended Thursday morning on bankrupt solar company Solynrda.
The investigation comes after a request by the Department of Energy’s inspector general, FBI spokesman Peter Lee told NBC Bay Area News.
Agents arrived at Solyndra at 7a.m. and were examining the factory. Solynrda has a skeleton crew of 100 workers on the scene, who are closing the factory down.
Solyndra filed for bankruptcy last week, shocking both workers and the Obama administration, which had given the startup $535 million in low interest loans.Â
The announcement was a devastating blow to Mr. Obama who is set to deliver a speech on job creation Thursday evening.
Congress has demanded a hearing into the matter. Wednesday the company was reported to be for sale.
There are no reports of any arrests at this time.
Solyndra officials made numerous visits — 20 — to the White House, according to logs and reporting by The Daily Caller.
By Alexander Burns
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