Keyword: obamadonors
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On the eve of his appearance before the House Energy and Commerce Committee to discuss the Solyndra bankruptcy, the Energy Department has provided reporters with advance excerpts from Secretary Chu’s prepared statement. The remarks indicate that Chu will continue to defend the green energy loan guarantee program that gave the now-bankrupt solar panel company more than $527 million in taxpayer dollars.
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(Reuters) - Contributors to President Barack Obama's campaign did not influence the decisions on government aid to the now-bankrupt solar panel maker Solyndra, Energy Secretary Steven Chu told National Public Radio. Chu defended decisions made by the Energy Department on the $535 million loan guarantee to Solyndra in his first major interview on what has become a nagging political issue for the Obama administration. The interview, on Tuesday night, comes just ahead of his testimony to the House Energy and Commerce committee on Thursday, where Republicans probing the loan are expected to grill him on the taxpayer-funded aid to Solyndra....
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The National Lawyers Guild says it has obtained a court that allows Occupy Wall St. protesters to return with tents to a New York City park. The guild says the injunction prevents the city from enforcing park rules on Occupy Wall Street protesters. Mayor Michael Bloomberg says the city knew about the court order but has not seen it. He says the city plans to go court immediately.
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While the professional Left trashes Wall Street, they might want to consider how their current President got elected. The Sunlight Foundation reports that Barack Obama didn’t just win the Wall Street sweepstakes in 2008 over John McCain — he’s done better at getting Wall Street cash than any other President in the last 20 years: Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.In 2008, Wall Street’s largesse accounted for...
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Bloomberg reports that the FBI is investigating Solyndra for accounting fraud, according to a source close to the solar panel company. The report confirms assumptions that the Department of Justice has been looking into whether Solyndra misrepresented the company's financial situation in order to obtain — and then refinance — a $534 million loan from the federal government. We've previously written that Solyndra executives assured the administration that the company's future was bright, even as the company's internal audits showed its finances deteriorating. The company declared bankruptcy earlier this month, prompting the FBI probe, as well as two Congressional investigations.
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The Energy Department continued to hurry up approvals for green energy loans before the program ends Sept. 30. Late Thursday, the DOE approved a $132 million loan guarantee for Abengoa Bioenergy Project, a Kansas-based cellulosic ethanol plant. The project would create 65 permanent jobs — or just over $2 million per position. That’s actually a big improvement from Wednesday’s DOE approvals of more than $1 billion in loans to two green projects promising 52-55 permanent jobs.
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Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve: SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada. The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California. On SolarReserve's website is a list of "investment...
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The Department of Energy is set on Thursday to announce whether nine federal loan guarantees amounting to $6.5 billion for green energy projects will get final approval. The number of full-time, permanent jobs they would create? According to the DOE's own figures, a grand total of 283. That is nearly $23 million per job. It's also a drop in the bucket toward the five million green jobs President Obama promised as a candidate in 2008.
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The law firms representing two prominent Solyndra executives are major Democratic Party donors, The Daily Caller has learned. Reuters first reported that the bankrupt company’s CEO, Brian Harrison, and CFO, W.G. Stover, plan to refuse to talk openly to congressional investigators about how their company squandered $535 million in taxpayer money. They will invoke their Fifth Amendment right not to self-incriminate themselves at a House Energy and Commerce Committee hearing on Friday. The law firms representing the executives are Orrick, Harrington and Sutcliffe, and Keker and Van Nest. Both are major contributors to Democrats and both have handsomely helped President...
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This is all for now: Solyndra execs will decline to testify at Congressional hearing Friday, according to letters from their attorneys obtained by Reuters.
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Ridiculously false choices and rhetoric ruled the evening when the National Education Association and the American Federation of Teachers hosted a closed-media conference call with Vice President Joe Biden to inform their members about the latest government school and teachers’ union bailout. In a recording obtained exclusively by PublicSchoolSpending.com, Biden explained the administration is seeking to spend $30 billion to create a “Teacher Layoff Prevention Fund.â€Â He also said that many schools today are “deciding whether or not to heat the school or keep a teacher.†Like school stimuli-past, Biden said schools would not be able to bank the money,...
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The White House just put out the list for President Obama's jobs-focused address this evening. Those who will be in the gallery with first lady Michelle Obama include: — Jeffrey Immelt, CEO of General Electric. He's chairman of the President's Council on Jobs and Competitiveness. So look for Obama to again stress the importance of technology, research and development. — Steve Case, who co-founded America Online and is, the White House says, "one of America's most accomplished entrepreneurs and philanthropists." He fills the "American can-do/entrepreneurial spirit" slot. — Darline Miller, CEO of Permac Industries, a Minnesota company that makes "precision...
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The White House invited several guests to attend President Barack Obama's speech to the nation on jobs: JEFFREY IMMELT -- Chairman and CEO of GE; chairman of President's Council on Jobs and Competitiveness. STEVE CASE -- Chairman and CEO of Revolution LLC and co-founder of America Online; KENNETH CHENAULT -- Chairman and CEO of American Express;. RICHARD TRUMKA -- President of AFL-CIO; member of President's Council on Jobs and Competitiveness. GOV. MARTIN O'MALLEY -- Maryland governor. MAYOR MARK MALLORY -- Two-term mayor of Cincinnati. MAYOR ANTONIO VILLARAIGOSA -- Two-term mayor of Los Angeles. GRACEY IBARRA ---- Certified nursing assistant and...
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The Left’s working motto consistently turns out to be “do as I say, not as I do.â€Â How else could they possibly make bold pronouncements to the media but live the exact opposite? The day before his declaration of war on the Tea Party movement, Teamsters President James Hoffa appeared on CNN and deemed American companies as “unpatriotic,†according to the Political Ticker. “I think the president should challenge the patriotism of these American corporations that are sitting on the sidelines,†Hoffa said. “The problem in America isn’t that we don’t have enough money. We’ve got more money than any...
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http://www.mercurynews.com/breaking-news/ci_18851389
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This morning’s predictably dejecting jobs report provided the GOP presidential candidates with an apt opportunity to cast the president in an unflattering light — and to contrast his approach with what their own would be. Memorably, former Massachusetts Gov. Mitt Romney framed his statement in a way that leaves voters displeased with the economy little choice but to vote Obama out of office. “When you see what this president has done to the economy in just three years, you know why America doesn’t want to find out what he can do in eight,” former Massachusetts Gov. Mitt Romney said. Importantly,...
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For those who may have written off Big Labor’s agenda after they failed to push the Employee ‘Forced’ Choice Act (EFCA) through Congress last year, they may want to take a careful look at the actions being undertaken by President Obama’s Administration and they’ll quickly find that the job-killing movement is alive and well. In fact, EFCA has been resurrected in three specific changes being advanced by the National Labor Relations Board (NLRB) and Department of Labor (DoL). And this should not be a surprise to anyone, as union bosses have been very clear that they expect Obama to pay...
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President Obama’s campaign committee is moving a fund-raiser featuring Chicago Mayor Rahm Emanuel from the Pfizer world headquarters to another location in New York City after The Boston Globe inquired about the propriety of a major pharmaceutical company hosting an event that could benefit the administration regulating it. “This is a general fund-raising event for the campaign that has nothing to do with a specific company and the attendees will not be from any one company or sector,” Obama spokesman Ben LaBolt said this afternoon in a statement. A Pfizer spokesman did not address the change in locale but defended...
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An NALP study finds Law School Class of 2010 Starting Pay Fell 20% as Jobs ErodedStarting salaries for last year’s U.S. law school graduates plummeted 20 percent as private practice jobs eroded, according to a report by the National Association for Law Placement. The national median starting salary at law firms dropped to $104,000 from $130,000 in 2009, reflecting a shift in the distribution of jobs and salary adjustments at some firms, the NALP said today. The report cited information submitted by 192 laws schools and covering 93 percent of 2010 graduates. Aggregate starting salaries fell because graduates found fewer jobs...
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Facebook’s managers are deploying a new software upgrade that will dismantle myriad groups of like-minded political activists unless they get a special software-key from the company. But Facebook manager are providing very limited information about which groups are being favored with the new key, prompting some activists to complain about possible political favoritism among Facebook managers, and many other activists to experiment with techniques and tricks to get the needed upgrade-key. “Who is being given the upgrade?” asked Pamela Geller, the New York organizer of a 15,000-member group opposed to Islamist political groups. Without the special key, groups lose access...
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