Obama Blames Bureaucracy, Bush for Solyndra Cronyism

Ben Johnson, The White House Watch

In the wake of the growing Solyndra scandal, the Obama administration is playing the familiar card that its inside deal-making and cronyism really amount to nothing more than bureaucratic mistakes that should be blamed on his Republican predecessor. Like the Black Panther case dismissal, left-wing spinmeisters are pinning the Solyndra loan guarantee on the career federal employees the Obama administration pressured. In this case, they also blame President George W. Bush.

“The loan guarantee decision was merit-based and made by career staffers at DOE (Department of Energy),” said White House spokesman Eric Schultz. “And the process for this particular loan guarantee began under President Bush.”

The decision to blame federal employees recalls Obama’s dismissal of the Black Panther voter intimidation case. Obama’s Assistant Attorney General for Civil Rights Thomas Perez may have perjured himself when he told the U.S. Commission on Civil Rights the decision amounted to nothing more than “a case of career people disagreeing with career people.” Judicial Watch subsequently proved substantial pressure from two Obama political appointees, Steve Rosenbaum and Sam Hirsch.

The idea that President Bush is responsible for Solyndra’s loan mess is more laughable. The loan process did indeed begin under President Bush, where it was also rejected. Although he raised the possibility of a loan guarantee, career analysts unanimously vetoed the idea in the last days of his administration. It took Obama to push through the crony deal on behalf of his campaign bundler, George Kaiser, and to restructure the loan deal in apparent violation of the Energy Policy Act of 2005 when Solyndra seemed in danger of bankruptcy earlier this year.

Obama looked at the $535 million loan guarantee as a payback for a political crony but also a way to pump federal money into the economy and, through the miracle of Keynesianism, put Americans to work. However, his green energy investment has been a bust for American taxpayers and workers. Bloomberg reports, “Solyndra is the third U.S. solar manufacturer to fail in a month as falling panel prices and weak global demand are driving a wave of industry consolidation.”

Indeed, Solyndra is not the only stimulus recipient to declare bankruptcy. The deceased company is joined by four other green energy firms: Evergreen Solar Inc., SpectraWatt, Mountain Plaza Inc., and Olsen’s Mills Acquisition Co.

All of this bears out Sarah Palin’s contention that the Obama administration is engaged in “crony capitalism on steroids.”

What has the Obama administration learned from this massive squandering of taxpayer money? ….

Read more.

"Loophole" from Obama's IRS: Protect your IRA or 401(k) with gold and silver... click here to get a NO-COST Info Guide >

Comments

  1. Does this man not read the news? As you said……….Bush denied this request from Solyndra. ROFLMAO!

  2. Obama is a crook, plain and simple. There is plenty of evidence so why isn't he being impeached?

    • cause he's half nigger why else? They have already admitted as much…they fear a "Black backlash" dumbass blacks don't have enough brains to figure out he is a molatto at best, and not even one of them…

  3. He can put the blame on himself bush had nothing to do with it ,it is a very corrupted scam.

  4. It just has to be somebody's elses fault.

  5. OMG! Here we go again!!

  6. The blame game is a delay tactic….while the news is being reported on their B.S. their out developing other things to corrupt behind closed doors!

  7. enough of this dumbass, I can't wait til November…putz!

  8. Edwardkoziol says:

    Obummer and his crew at it again blame Bush don't take any credit for being a crooked politician.Bush stopped giving money to Solyndra and the Obummer regime gave it to them.George Kaiser a bundler for the Obumas was the man on the inside of this corrupt company.It's time for Obuma to shit or get off the pot and act like a man and admit he's a crook and do what Nixon did and resign.Joe BiteMe can take over for the months left.

  9. Oh come on guys IT UNCLE OMAR IN MA!
    Keep wondering how many more of his illegal relatives will be coming out of the woodwork.

  10. I have a novel idea for the Democrats. Blame Bush!

  11. Bush may have started it but the loan didn't go through! Obama just finished what Bush started!! This is on Obama's watch!!! Silly games the WH plays. Someone needs to quit with the crap and go ahead with impeachment proceedings…geez who's got who by the balls?? Just Do it…if not for yourselves but the people and this country…like soon!!!

  12. In most countries, trading by corporate insiders such as officers, key employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information.

  13. This website can beat the wikileaks???

  14. Obama this act is excellent and i m with him

  15. obama is great

Speak Your Mind

*