Posted on 05/12/2019 9:08:47 PM PDT by bitt
OPINION | IN ORDER TO UNDERSTAND THE FUTURE WE CERTAINLY MUST UNDERSTAND THE PAST. THIS IS TRUE AT LEAST WHEN IT COMES TO WHAT WE CAN EXPECT FROM CORRUPT POLITICIANS.
To envision the size of the pot of gold that Democrats envision for themselves at the other end of the Green New Deal rainbow we only have to look back to the Obama administration, the $3 Trillion in stimulus money, the Green Movement, and how it seemingly enriched Democrats, their donors, and Nancy Pelosi in particular.
For background we cite a September 2011 article from the Daily Mail:
Even as government financed green energy pioneer Solyndra was failing, the Obama administration approved an additional $1 Billion in loans to similar green energy projects.
A whopping 737 million of that money went to the Crescent Dunes project situated in Tonopah, Nevada, to finance a 110-megawatt desert solar power plant.
Stay with me.
Nancy Pelosis brother-in-law company was a primary beneficiary of that money landing a $737 million loan guarantee from the Department of Energy for Crescent Dunes.
Funny that as Democrats scream that Saudis renting out an entire floor of a Trump hotel is an untenable emolument. But I digress.
Despite knowledge that Solyndra was tanking then-Minority Leader Pelosis brother-in-law, second in command at the energy investment firm backing the project, somehow secured government funding for the SolarReserve project.
PCG Clean Energy & Technology Fund (East) LLC, listed as one of the investors in the project was given the staggering loan, which even dwarfs that given to failed company Solyndra.
(Excerpt) Read more at thebeltwayreport.com ...
Let’s see the list of contracors PCG Clean Energy & Technology Fund signed off on to faciliate the SolarReserve project.
Thanks, Ann. You and your friends can help by sharing!
Be well.
Anyplace U hav seen that calculates how many acres of 200 Watt panels it takes to lite up a small town of say, 20000 ???
Which one of those Kalifornicatia female congresscritters husband got a oontract to sell many millions of unused real estate from/for the Gubmint ??
Anyone care to guess how many congress critters, both Dem/Gop, didn’t know this went down?
Good questions.
tagline
A law must be passed that no one having any type of family relationship with a member of congress is entitled to any financial benefits.***
The House is run by Nancy and other dems
I don’t think she would let that law get to a vote
Plus any dems that voted for it would he Napacided
Great info on Pelosis bro in law getting $737 mill
Wasn't September 2008 before the election that brought us Obama?
It is amazing that most people have no idea that the almost one TRILLION dollars in "stimulus" money was granted every year of the Obama administration. Congress never passed a regular budget so both parties are to blame. Congress is almost completely corrupt.
That would be the Bush administration.
For what it's worth, that statement isn't true.
The loan guarantee from the government was provided to Solar Reserve, which was the entity that set up and ran the plant.
There was a private equity fund that also invented in Solar Reserve, and Pelosi was a board member on a subsidiary of the PE firm, but he, the PE firm and Solar Reserve all say he had nothing to do with the loan guarantee.
Even if he had, I can tell you from personal experience that private equity firms that invest in failed enterprises don't make money.
Id hate to have been reared in San Francisco.
return to the thread one year later!!
BFLR
How so?
When the sun goes down the heating effect goes to zero
LNG is required to keep the system running
Otherwise there would be no start up next morning
They over estimated the thermal efficiency.
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