Steve Dennis – America’s Watchtower, September 29, 2011
Because the $500 million loan guarantee to Solyndra using taxpayer stimulus money whichBarack Obama fast tracked for political reasons worked so well the Obama regime has decided to try it once again.
The Obama regime has finalized a loan guarantee of over $700 million to yet another solar company–Tonopah Solar–but in a stunning and unbelievable coincidence, the number two man in this company just happens to be none other than the brother-in-law of Nancy Pelosi. I am sure that this revelation had nothing to do with the Obama regime’s decision to fund yet another company which would not be viable without government assistance…..yeah, right!
What else needs to be said here? Barack Obama fast tracked the Solyndra loan in spite of the warnings that the company was insolvent simply because he wanted to provide Joe Biden with a nice little backdrop to unveil the regime’s new “green energy” initiative. When the company failed the taxpayers were left on the hook because the regime reworked the loan to prioritize a private investor–who just happened to be a major Democrat contributor–over the taxpayers who funded this fiasco and now the regime is in the process of doing it again, only this time instead of helping a major contributor to the Democrat party Barack Obama is trying to help out a family member of one of the most visible members of the Democrat party.
If this does not reek of the very type of crony capitalism that Barack Obama ran against in 2008 I do not know what does.

