Posted on 10/20/2014 7:36:07 AM PDT by SeekAndFind
Ron Klain is a sharp-elbowed Democratic political operative with no medical expertise. Tapping him as “Ebola czar” may not be the president’s best move when, as it is, no one can believe a word the Obama administration says. And that’s not just because Mr. Klain is yet another lobbyist recruited despite Mr. Obama’s vow that his administration would shun lobbyists.
Klain was also a central player in the president’s Solyndra fraud, which soaked taxpayers for over half a billion dollars for the benefit of Obama cronies.
In Faithless Execution, I recount the Solyndra fraud. It never got the attention it deserved — involving, as it did, potential felony fraud violations of federal law. Even for people who did give it attention at the time, Solyndra is so many Obama scandals ago that its unseemly details are tough to recall. The story is thus worth retelling. As our nerves fray over the Ebola crisis, it is a valuable window into the administration’s priorities and an indicator of the level of trust we can put in the new czar’s assurances.
Solyndra was a solar-energy company backed by the family foundation of George Kaiser, an Oklahoma oil magnate and major Obama fundraiser. Prior to Obama’s coming to power, Solyndra had sought government funding under the economically absurd 2005 Energy Policy Act. That law lets the government play venture capitalist, investing taxpayer money in private “green energy” boondoggles that cannot attract adequate market financing.
Notwithstanding the Bush administration’s zeal to hop on this politically correct bandwagon, it declined Solyndra’s application. As one private analyst later put it, the company was “an absolute complete disaster,” with operating expenses, including supply costs, nearly doubling its revenue
(Excerpt) Read more at nationalreview.com ...
Look out, Ron. Word is Gwyneth Paltrow is on the prowl.
It’s just a great big slush fund they can raid just before the midterms.
Nor did a lack of business experience keep him from taking over the largest auto maker in the world.
Come to think of it. Exactly what real world experience did Obola have in ANY area?
Exactly right and this guy has proven he knows how to do it.
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What does "Czar Klain" know about this?
"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus.
My son and brother are gonna help my office disperse the money. "
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Offshore Fraudster had links to offshore fund run by VP Biden's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Reuters) – A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.
The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.
Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...
NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)
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Convicted con man R. Allen Stanford used offshore corporate money to subsidize the Democratic convention in Denver. A video posted on the firm's web-site shows Stanford, being hugged by Speaker of the House Nancy Pelosi and praised by former President Bill Clinton for helping to finance a Democrat convention-related forum and party put on by the National Democratic Institute.
"I would like to thank the Stanford Financial Group for helping to underwrite this," Clinton said to the crowd at the event. Stanford Financial was listed as the "lead benefactor" for the gathering, and Stanford was permitted to address the audience of several hundred.
The SEC charged yesterday that Stanford was running a fraudulent offshore investment scheme that may have bilked customers out of as much as $8 billion. Over the last decade, Stanford has spent more than $7 million on lobbyists and campaign contributions to Washington politics in both parties, although the vast majority of the money has gone to Democrats.
"We had no reason to believe that a very public company that was also engaged in philanthropic work might be suspect," said a spokesperson for the National Democratic Institute, Amy Dudley. (Excerpt) Read more at abcnews.go.com ...
NANCY PELOSI DANCING W/ CON MAN ALAN STANFORD AT DEMOCRAT BIGDO.
Was Ron Klain at the Denver Democrat convention underwritten by con man Allan Stanford?
"Never let a good crisis go to waste"
To Obama, Ebola looks like another opportunity to loot few billion from the treasury.
Loyal commissar and Obama acolyte will implement his lord master’s one world/no borders ideology.
You must allocate money to a project before you can steal it. This guy is good at it.
bkmk
“”Exactly what real world experience did Obola have in ANY area?””
He’s a pro at BS’ing!!! Does that count? In an occupation with nothing but BS’ers, he’s probably number one!
What happened with this? Nothing?
Which reminded me that VP Biden was in charge of overseeing the accounting of the stimulus funds. Was that ever done?
Obama’s Ebola czar is a doctor, a spin-doctor. Problem solved.
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