UPDATED: Administration learns from Solyndra scandal
UPDATES BELOW.
Learns nothing, that is. Here we go again:
The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration’s green energy program.
Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.
The loans were approved under the same program that paid for a $528 million loan to Solyndra Inc., a California solar panel maker that went bankrupt after receiving the money and laid off 1,100 workers. Solyndra is under investigation by the FBI and is the focal point of House hearings on the program.
Corruption. Incompetence. Crony capitalism. 2012 can’t get here soon enough.
UPDATE (09/29/2011 – 11:00 AM EST): As Kanaka Girl points out in the comments, the aforementioned Tonopah Solar Energy company getting $737 million in our money to fund 45 jobs (a bargain at $16.3+ million per job) has connections with Nancy Pelosi’s brother-in-law. Details here. Yep, Ron Pelosi is executive director of Pacific Corporate Group, an “investment partner” with Tonopah’s parent company SolarReserve. But hey, I’m sure this is just another big ol’ coinkidink and not a case of the crony capitalism we’ve come to expect from the Chicagoland Thug-in-Chief.
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Oh, it gets even better. The company receiving 3/4 of the $1-Billion is owned by Nancy Pelosi’s brother in law.
Comment by Kanaka Girl | September 29, 2011
Hey…the Attorney General just called to leave a message regarding all of this:
” I – don’t – give – a – C R AP !”
Comment by Kevin | September 29, 2011
Over 120 people associated with the Dept. of Energy, directly and indirectly, are now under criminal investigation by the FBI, DOJ, Treasury, OMB, GAO and multiple committees. What is coming out is that the DOE has operated as a CITADEL OF CORRUPTION and Secretary Chu should be indicted.
Comment by Ray Park | September 29, 2011
What did they learn? Approve the loans of their buds before the program expires. That;s what they learned. This administration is gonna spend us into bankruptcy before the election of 2012.
Comment by J. Guidry, Battlefield, MO. | September 29, 2011
What is coming out is that the DOE has operated as a CITADEL OF CORRUPTION and Secretary Chu should be indicted.
Ditto for the DOJ. Eric Holder should be tried for treason!
Comment by Kanaka Girl | September 29, 2011
[...] Administration learns from Solyndra scandal (crushliberalism.com) [...]
Pingback by Solyndra (et. al.) Part III « nebraskaenergyobserver | September 30, 2011
Good luck with anything happening to anyone involved in the whole mess, all the agencies are corrupt and no one will be charged with anything…until the democraps are no longer in control of the Senate and the White House. The corruption starts at the top and “trickles down” through the whole government. Needs to go in 2012, every one of the lying, stealing bastards.
Comment by J. Guidry, Battlefield, MO. | October 1, 2011
J G is right. Nothing will happen, liberals will continue to sell their souls on the corruption market and make absurd excuses and unmerited assertions all along the way. Blame George Bush, blame the Tea Party, vomit forth socialist, class-warfare rhetoric….if it weren’t so stinking damaging and insidious, I would be bored of all of this predictability.
Comment by Kevin | October 3, 2011