Posted on 10/21/2011 2:33:40 PM PDT by Bigtigermike
Yesterday, another shoe dropped in the chronicles of the Obama administration’s crony capitalism. A start-up electric car company with ties to Al Gore got a $529 million loan guarantee from Obama’s Department of Energy to build luxury electric cars...in Finland! Leaving aside the fact that to date only two of these $97,000 cars have been sold (one of them to a movie star), we might at least hope that this ridiculous exercise in the government picking winners minus any competitive, transparent process (Al Gore’s venture cap firm) and losers (the taxpayers subsidizing a car no one wants) would produce manufacturing jobs in the United States. Isn’t that the alleged purpose of Obama’s stimulus giveaways?
It’s bad enough that we borrow money from foreign countries to give to foreign countries. Now we borrow from foreign countries to finance jobs in foreign countries. (This kind of reminds me of the $2 billion assistance President Obama provided Brazil for their off-shore energy developments, while shutting down or blocking much of our own off-shore domestic drilling. He’s in favor of energy jobs in Brazil. But in America? Not so much.)
Do you think, as the President tours the country campaigning on the taxpayer’s dime, he understands that voters in Finland won’t get to decide whether or not he keeps his job in 2012, but voters in Michigan and Ohio sure will? In fact, I’m sure the millions of unemployed workers in every state will want to learn why the Obama administration gave half a billion dollars to finance “green” cars built in Finland.
While they’re at it, the geniuses in the White House could also explain the $1.2 billion they gave to SunPower, a company that makes Solyndra look like a blue chip stock. SunPower’s market capitalization is $800 million, but the company is in debt $820 million. What a great investment, huh? Your tax dollars at work, America! If President Obama wants answers about this, he better act fast because his Department of Energy was already caught revising history by scrubbing SunPower’s name out of old DOE press releases. The President should start by asking Democrat Congressman George Miller about the company. Rep. Miller was the leading advocate for giving money to SunPower, which hired his son as a lobbyist.
When President Obama signed his nearly trillion dollar stimulus boondoggle into law, he mortgaged our children’s future. And for what? Financing jobs in Finland? Propping up near bankrupt companies with connections to congressmen? For this we are burying ourselves in a mountain of debt?
This crony capitalism has to end. We don’t want it. We can’t afford it. And we must not tolerate it anymore. Wake up, America, before it’s too late.
You’re not the only one suffering from Palin Withrawal Syndrome.
Don’t give up yet.
Saraholism is not easily recovered from.
In 2012, there will be sufficient anti-Obama sentiment to hand the Senate over to the Repubs. The House is firmly Repub, and will gain seats.
A third party run against Romney and Obama is viable... with lessened risk as a loss still leaves Obama neutralized by congress.
Bravo!
Spoken like a true fighter.
Now that she bowed out of the running she speaks Truth, but has no Power other than the power of suggestion.
It is a terrible waste IMHO. I saw her speak in person last year and she brought magic to the room. It was electrifying, and as a 58 year old man I am almost embarrassed to say so.
And no, I didn't faint. LOL
What she would have brought to the race, even if she didn't make it to the General Election, would have been worth every penny I would have sent her way.
We move on and hope whomever makes it to the General Election will defeat the Marxist in a Win comparable to what the Gipper did back in 1980.
“Too bad we don’t, and won’t, have a president who is both aware of this scourge and committed to eradicating it...... I remember the Iowa speech where Sarah laid out for us all “her policy platform” for bringing manufacturing back to the U.S., and ending Crony Capitalism....... Too bad she lost her spine..... We’re screwed...... “SarahPAC” = “Sarah—Potato, Armchair/Couch.”.....Keep sniping from the sidelines, Sarah.... Your country might have a year or two left.......
Unfortunately you’re right....I won’t resort to calling her names (love Palin, something happened at the last hour).....But the truth is no one cares two cents worth what she has to say without the prospect of a Palin presidency and the power to make real changes.....You do need a “TITLE” to make real changes Sarah....Look what Obama has done with his “TITLE”....
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