Keyword: georgekaiser
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When Obama carried out his Solyndra con game, he broke the same law that Martha Stewart went to prison for breaking In 2009 the Obama administration gave $535 million to Solyndra, claiming that it would create 4,000 new jobs. However, instead of creating those 4,000 new jobs, the company went bankrupt. It was later revealed that the company’s shareholders and executives had made substantial donations to Obama’s campaign, that the company had spent a large sum of money on lobbying, and that Solyndra executives had had many meetings with White House officials. It was also revealed that the Obama administration had...
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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...
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On Friday, Hillary Clinton attended a fundraiser hosted by George Kaiser, a noted businessman and philanthropist who was a major bundler for resident Obama in 2008. He is also the founder of Argonaut Private Equity, a hedge fund that poured $270 million into the now bankrupt solar company Solyndra. In 2009, Solyndra received more than half a billion dollars in taxpayer guaranteed loans. When the company went belly up in 2011, Kaiser and other investors were given a soft landing when they were guaranteed certain tax breaks that would kick in if Solyndra went bankrupt. Kaiser is a curious choice...
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The Wall Street Journal reports that George Kaiser, "a Tulsa oil billionaire who bundled campaign checks for Mr. Obama in 2008," is poised to accomplish one of the great scams of all time. Here is how it works. The "primary investment arm of the George Kaiser Family Foundation" is Argonaut Ventures I LCCC. Argonaut Ventures happens to be the largest shareholder in Solyndra LCC, the California-based solar panel maker that received a $535 million U.S. Energy Department loan guarantee in September 2009 and went bankrupt two years later, laying off nearly 1,000 workers. Now the very same Argonaut Ventures, thanks...
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Though grudgingly provided and universally redacted, documents subpoenaed by Congress from the White House and the Office of Management and Budget now reveal that Barack Hussein Obama himself was responsible for manufacturing the loss of $535 million taxpayer dollars in the 2011 Solyndra bankruptcy. In 2010, solar panel manufacturer Solyndra Inc. received $535 million in loan guarantees for “innovative technology” under the terms of Barack Obama’s federal stimulus plan. The fact that a Price Waterhouse audit filed earlier that year with the SEC showed Solyndra had lost $558 million during its first 5 years in business, boasted negative cash flow,...
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It's unlikely that President Barack Obama will be naming any tax proposals after George B. Kaiser. An investment by the Tulsa billionaire's family foundation in Solyndra, whose bankruptcy may leave taxpayers on the hook for $535 million in federal loans, has raised speculation that the administration acted in part to aid a financial supporter. But the impact on taxpayers of Kaiser's career goes far beyond the $535 million loss. Kaiser has built his fortune in part through shrewdly playing the Internal Revenue Code. In one six year period, during which he increased his net worth enough to land him on...
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The Department of Health and Human Services last week announced it had awarded a $5.9 million grant to a University of Chicago Medical Center program tied to Michelle Obama and run by Eric Whitaker, one of President Obama’s closest friends. The Urban Health Initiative, which received the award, was originally based on a smaller program launched during the last decade by Michelle Obama, who was an executive at the University of Chicago Medical Center before she departed to become first lady. The UHI is headed up by Obama basketball and golf buddy Whitaker, who has known the president since Obama’s...
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The “serious concerns” of U.S. Treasury officials involving a risky $535 million infusion for a fly by night solar panel firm were ignored as the deal was fast-tracked by the Obama Administration, according to a federal audit released this week. Bankrolled by Obama fundraiser George Kaiser, the now-defunct northern California company (Solyndra) got more than half a billion dollars from the U.S. government to promote green energy. Instead, it abruptly folded last fall, stiffing American taxpayers and laying off more than 1,000 workers. From the start, it was a controversial deal that was suspiciously rushed through for a politically-connected...
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Had enough of fat cat Barack Obama, his jet-setting wife and his multi-millionaire Chicago consigliere/real-estate mogul Valerie Jarrett attacking the "rich"? Well, brace yourselves. You'll be hearing much more from the White House about the "wealthy few" who aren't paying their "fair share" as Obama's re-election campaign doubles down on class-war demagoguery. As usual, there's always a set of immunity charms for the privileged friends and family of the ruling class. When it comes to all the Green Robber Barons who've reaped an obscenely unfair share of billions of tax dollars from the Obama administration, the envy trumpeteers will be...
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Yesterday we learned, to our great joy, that we no longer have to worry about the twin evils of global warming and hurricanes combining to stop Obama’s stimulus plan. For those of you who missed yesterday’s column, we showed that the not-greedy scientists, who very unlike the Republican bankers who took down the whole housing sector just because they are greedy… well, the scientists anyway demonstrated that hurricanes and global warming are not in any way scientifically or romantically linked. In a work published in late November on the site for the National Oceanic and Atmospheric Administration, the chief scientist...
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WASHINGTON — Emails released by a House committee appear to show that a major donor to President Barack Obama's 2008 campaign discussed with White House officials a federal loan to a failed California solar company. That's despite repeated assurances by Obama administration officials that the donor, George Kaiser, didn't discuss the loan with the White House. The emails show that Kaiser, an Oklahoma billionaire, called the failed company, Solyndra Inc., a White House "poster child" on renewable energy. Solyndra received a $528 million loan from the Energy Department before it declared bankruptcy. The emails were from Kaiser to an associate....
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Second Solyndra Loan Discussed With Energy Dept., E-Mail SuggestsBy MATTHEW L. WALD Published: November 9, 2011 WASHINGTON — New e-mails released by a Congressional committee indicate that an executive of a venture capital firm owned by an Obama campaign donor discussed the possibility of a second loan to Solyndra, the solar power company that recently defaulted on a $528 million government loan, with the Department of Energy and with his boss. The committee is seeking to show that the donor, George B. Kaiser, an Oklahoma oil billionaire, pulled strings at the White House to get the original loan guarantee. The...
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Suspicions mount about Energy Department’s gift to Obama palsGambling is a risky proposition - but not when playing with loaded dice. That’s what Solyndra’s private investors were handed when the Energy Department guaranteed they’d have first dibs on compensation if the firm went belly up. This unfairly shifted the peril of investing in an uneconomical solar-panel scheme onto the backs of taxpayers. We’re the ones stuck with the $535 million bill. Congress is examining how this sweetheart deal went through. When Solyndra’s bottom line started looking dodgy earlier this year, Energy restructured the loan so private investors, including Oklahoma billionaire...
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This week, however, the blog Moonbattery found a very interesting memo from Romney's office in 2005 announcing tough new regulations on emissions ... Governor Mitt Romney today announced that Massachusetts will take another major step in meeting its commitment to protecting air quality when strict state limitations on carbon dioxide (CO2) emissions from power plants take effect on January 1, 2006. In other words, the Romney administration in 2005 essentially did what Barack Obama's EPA wants to do now. He imposed CO2 emission caps - the "toughest in the nation" - in an effort to curtail traditional energy production. Not...
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Conservatives know well that Mitt Romney has so far refused to back away from his contention that anthropogenic global warming is real, and yet the former Massachusetts governor continues to lead the Republican race for the presidential nomination. In seven debates, none of Romney’s competitors have challenged him on this position. This week, however, the blog Moonbattery found a very interesting memo from Romney’s office in 2005 announcing tough new regulations on emissions — and noting a partnership with a familiar conservative bête noire in this administration (via Sundries Shack): Governor Mitt Romney today announced that Massachusetts will take another...
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A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns. And as questions swirl around possible connections between political donations and these preferential financing arrangements, the Obama White House suddenly began deflecting The Daily Caller’s questions on Wednesday to the Democratic National Committee. Asked Wednesday to comment on the connection between large Democratic donors and Obama administration loan guarantees to...
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Billionaire Obama fundraiser George Kaiser visited the White House 16 times over the past 3 years, and is caught in the middle of the Solyndra scandal as the company’s chief investor and prime beneficiary of the debt restructuring approved by the Obama Administration earlier this year. This has lead to the obvious question of whether Kaiser leveraged his political connections to obtain federal stimulus funding, and preferential treatment, but surely there might be a less nefarious explanation for Kaiser’s White House visits, right? Nah…
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A Daily Caller review of the George Kaiser Family Foundation’s income tax returns found that during the same year billionaire investor George Kaiser successfully secured $535 million in government loan guarantees for the now-failed solar panel manufacturer Solyndra, his private philanthropy donated to a political cause close to the hearts of several high-ranking Obama administration officials. Kaiser, a major Obama donor, was a frequent White House visitor during the week before the Obama administration approved that taxpayer-underwritten financial deal. A $10,000 donation to the Urban Health Initiative at the University of Chicago Medical Center appears on the group’s 2009 tax forms....
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When it comes to cronyism, fraud and conspiratorial criminality, Barack Hussein Obama has no peer. Having learned his trade in the city of Chicago, where the theft and divvying up of taxpayer dollars among the politically connected is an art form, Obama’s new gig as President finds him performing the same scams, just on a larger, more lucrative playing field. In 2010, solar panel manufacturer Solyndra Inc. received $535 million in government backed loan guarantees from Barack’s 2009 stimulus fund. Of course, according to a Price Waterhouse audit filed earlier that year with the SEC, Solyndra had lost $558 million...
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<p>The White House denied it put pressure on budget officials to approve a controversial $535m loan to Solyndra, a solar panel maker that has since filed for bankruptcy, after a congressional investigation suggested the officials were rushed to agree to the stimulus loan.</p>
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