Energy Secretary Admits He Bit Off More Than Taxpayers Could Chu


Government was invented so f*#k-ups like this would have a place to practice their craft during their brief excursions outside academia. Their slapstick incompetence might actually be funny if they weren’t playing with our money:

Energy Secretary Steven Chu acknowledged Thursday making the final decision to allow a struggling solar company to continue receiving taxpayer money after it had technically defaulted on a $535 million federal loan guaranteed by his agency.

Chu spokesman Damien La­Vera said in a statement that the secretary approved the restructuring agreement for Solyndra because it gave the company “the best possible chance to succeed in a very competitive marketplace and put the company in a better position to repay the loan.”

Hypothetical scenario: In the real world, what would happen to a bank executive who approved more credit for a customer who had already defaulted on a half billion, with “it will put them in a better position to repay the orignal defaulted amount” as rationale for a new loan?

I can imagine the conversation that took place:

Solyndra: Can we borrow more money?

Chu: But you just defaulted on the $535 million.

Solyndra: Yeah, and if you loan us another $535 million we’ll be able to pay it back!

Chu: Now you’re makin’ sense!

Obama: US Had Gotten ‘a Little Soft’ Before I Got Here

Nothing like intentionally inviting another great depression in order to harden us up again.

CBS News:

President Obama said Thursday the United States “had gotten a little soft” before he took office and needs to regain its competitive edge in the global economy because opportunities for younger Americans are not as plentiful as they were for their parents.

Mr. Obama was asked if he was worried that today’s recent college graduates do not have the same opportunities that the baby boom generation had when they were younger.

“Absolutely,” Mr. Obama told Orlando’s WESH-TV.
“There are a lot of things we can do,” Mr. Obama added, “the way I think about it is, this is a great, great country that had gotten a little soft and we didn’t have that same competitive edge that we needed over the last couple of decades. We need to get back on track.”

The guy who went overseas in 2009 to apologize for America’s arrogance, dismissiveness and our failure to appreciate Europe’s leading role in the world says he’s helping to regain our competitive edge and status as the greatest country on Earth?

ABC Political Analyst: You Know Your Campaign’s in Trouble When…

In reference to GOP candidate RIck Perry’s wife speaking out on her husband’s behalf, ABC political analyst Matthew Dowd said this today on Good Morning America:

“…Any time you have a wife go out on the trail, you know that you- basically, the campaign’s in trouble.”

Like clockwork, the next thing I ran across was this CBS News story that helped validate his claim:


Damn, that Dowd guy’s good!

The First Lady kicked off campaign season at Target today — there’s a pic here. Bonus points if you can guess what’s in her bags (degree of difficulty: No “teleprompter repair kit” or “arugula”).

Cap’n Legthrill: Republicans ‘Horny’ for Chris Christie

Who is better qualified to discuss getting horny over a candidate or potential candidate than the MSNBC host who considers Barack Obama and Cialis to be synonymous?

In this clip, Matthews puts up more straw men than a Nebraska corn farmer, one of them by implying that all Republicans are upset with their field of candidates. Honestly, I could be more thrilled, but that doesn’t mean I’m pining for Chris Christie to jump in. And I’m certainly not horny for him.

Matthews’ other comedy bit is the claim that “Republicans are desperate.” The only thing sinking faster than Obama’s poll numbers is the economy he’s been fundamentally transforming, his re-election chances are grim, ditto for many congressional Dems, their party just lost a New York seat they’ve held since the 1920’s, and Republicans are desperate?


As of about a month ago, 63% of Republicans in New Hampshire, Iowa and South Carolina were satisfied with GOP field, so it’s hardly fair to say most or all Republicans want Christie to enter the fray.

If the NJ Gov. does get in, Matthews just gave him a great bumper sticker idea: Honk if you’re horny for Christie.

(h/t HAP)

Green Con Jobs Update: More Obama Supporters Put in Positions Where They Could Help Themselves to Taxpayer Money

This Frank Drebin picture is going to get quite a workout in the coming months, so get used to it:


We’ve known previously that “clean energy” projects involving Obama’s campaign donors and even Nancy Pelosi’s brother in law have received huge government loans to start companies that even many in the administration knew would do little except take the money, go under, and stick taxpayers with the bill.

That list of names is growing:

Several of Barack Obama’s top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, ABC News and iWatch News have learned.

One of them was Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate. He became one of Energy Secretary Steven Chu’s key loan program advisors while his wife’s law firm represented a number of companies that had applied for loans.
Spinner was not the only Obama political supporter to play a role at the Energy Department. California venture capitalist Steve Westly, who raised more than $500,000 for Obama, had Secretary Chu’s ear on green energy issues as a member of a high-level volunteer advisory panel. Mackey Dykes, who was a finance manager for the Obama campaign, was hired to be the liaison between the Energy Department and White House. Each declined interview requests.

Obama’s political supporters were also investors in companies that had applied for loans. Westly has held stakes in at least five companies that have won DOE support. Oklahoma billionaire George Kaiser, another Obama bundler, was the biggest private backer of Solyndra. Westly, Spinner and the CEO of Allison Spinner’s law firm, John V. Roos, (now Obama’s ambassador to Japan), each raised more than $500,000 for Obama’s 2008 campaign.

This whole thing smells so fishy that every cat in the country is chasing the story around.

That said, nobody actually believes that people give all that money to politicians because they don’t expect anything in return, do they? It’s just that this time the return is so, well, transparent. And transparent is what Obama pledged to be. He’s sure followed through on that promise.

The 6 Degrees of Separation in the Latest Billion Dollar Government Loan for a Solar Company

Finish investigating the Solyndra debacle before continuing to shell out billions in taxpayer loans for “clean energy” startups? Eh, what for?

The Energy Department announced Wednesday that is has finalized more than $1 billion in loan guarantees for two separate solar projects.

The decision comes several weeks after Solyndra, a California-based solar manufacturer, received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

DOE announced a $737 million loan guarantee to help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.

The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs.

You just know with this administration there’s got to be a political crony connection, so let’s head down the trail and see where it leads: The Crescent Dunes Solar Energy Project is sponsored by Tonopah Solar, which is a subsidiary of California-based SolarReserve. SolarReserve’s major investors include Pacific Corporate Group. On PAG’s Board of Trustees and apparently serving as the company’s number-two man is a guy named Ronald Pelosi. Does that last name sound familiar? He’s Nancy Pelosi’s brother-in-law. Just a coincidence, I’m sure.

Time for congressional testimony practice. Repeat after me, Ron: “On the advice of counsel I invoke my Fifth Amendment privilege.”

The loan was just recently finalized, but it was announced back in May. This part of the story caught my eye:

It’s an alternative to traditional solar power projects that use large arrays of photovoltaic cells that capture sunlight and convert it to electricity. The idea is reminiscent of the Archimedes Death Ray, an oft-used trope in popular culture.

Hey, do you think that’s why Obama had the Mythbusters re-try their Archimedes Death Ray experiment last October? The Mythbusters debunked the story once, and Obama had them attempt it one more time — and again the myth was declared “busted.” Which means it was definitely used as a model for Obama’s “clean energy” loan program.

Don’t worry. I’m sure SolarReserve will spend their taxpayer-provided windfall at least as responsibly as Solyndra did.

Governor Perdue’s ‘Joke’ was Funny… Just Not ‘Ha Ha’ Funny

When I ran across the headline at the Raleigh News & Observer that said N. Carolina Governor Perdue had “joked” about suspending upcoming elections until the economy can be turned around, I started reading the story waiting for the part that made it clear that she was joking. I still haven’t found it:

“You have to have more ability from Congress, I think, to work together and to get over the partisan bickering and focus on fixing things. I think we ought to suspend, perhaps, elections for Congress for two years and just tell them we won’t hold it against them, whatever decisions they make, to just let them help this country recover. I really hope that someone can agree with me on that. The one good thing about Raleigh is that for so many years we worked across party lines. It’s a little bit more contentious now but it’s not impossible to try to do what’s right in this state. You want people who don’t worry about the next election.”

Hmm, sounds like somebody is worried about the next election. Maybe a video of this would make it clear she was exaggerating, but I think it was more a peek inside the head of another Dem who senses the house of power crumbling around her.

I’d like to submit a “joke” that Perdue might find as funny as I find hers: Instead of cancelling next year’s elections, let’s move them up to next Tuesday!

Perdue’s office was the one that later insisted she was engaging in hyperbole (too late… the GOP already has a nice quote for their ads):

“Come on … Gov. Perdue was obviously using hyperbole to highlight what we can all agree is a serious problem: Washington politicians who focus on their own election instead of what’s best for the people they serve,” Perdue spokesman Chris Mackey said in an email to TheDC.

In explaining away the Governor’s “hyperbole,” what they’re basically saying is “in a perfect world, elected officials could only truly do what’s best for the public if they could take comfort in the fact that the public doesn’t have any redress against their actions.” That won’t exactly smooth things over with those who have a problem with what Perdue said.

Update: Former Obama Budget Director Peter Orszag joins in: We need less democracy.

“Democracy” is a great thing until it starts holding people accountable for the consequences of their actions, at which point those same people have the audacity to revolt against Democracy rather than admitting their policies led to ruin.

Update: Listen to the audio from Perdue’s speech. “Joking”? Not at all.

White House Announces $15 Trillion Jobs Plan to Switch Around Wyoming and Colorado

WASHINGTON DC (TPTB News): When it was announced that President Obama would be making a trip to California, Washington and Colorado, the White House released the following map featuring the three states included in the President’s tour:


Eagle-eyed bloggers immediately noticed that a state highlighted as one to be visited by Obama was in fact Wyoming instead of Colorado, and assumed they’d caught a mistake. But the joke is apparently on them, because after the White House was notified of the “error,” they had an announcement to make.

“Actually, that’s not a mistake,” according White House Press Secretary Jay Carney. “The President didn’t really want it to come out just yet, but since it did, here goes… we’re going to create up to eight million new construction and van-lines jobs by moving Wyoming to where Colorado is, and Colorado to where Wyoming is.”

Carney, when pressed by ABC’s Jake Tapper on the cost of the latest jobs initiative, was candid. “Look, you know moving two entire states will require a significant up-front investment — probably in the range of $15 trillion — but our plan is completely paid for because eventually that guy from Google is going to pay higher taxes.”

The latest White House jobs plan came as a surprise to some Republicans. “This is obviously just a desperate attempt to cover for them mixing up Colorado and Wyoming on some stupid map that was handed out to the press,” said Speaker of the House John Boehner (R-OH). “But I hardly think that justifies spending $15 trillion to flip the states just so their map is correct and they don’t look like idiots.”

White House Communications Director Dan Pfeiffer, after being informed what the Speaker had said, took Boehner to task. “This is just another example of Republicans being clueless when it comes to job creation in America. Switching Wyoming and Colorado will create millions of jobs.”

Pfieffer continued. “The two states are even the same shape and the same size, so our plan actually cuts long-term debt because switching Wyoming and Colorado is far cheaper than switching two states not shaped the same — say, Idaho and Michigan — which would cost upwards of $20 trillion to switch around, and with no net gain in new jobs.”

Speaking at a fundraiser in California, President Obama pitched the latest plan. “Pass the Switching Around Wyoming and Colorado Equals Jobs Act! Pass this bill and restore the promise of the Founding Fathers that free men and women shouldn’t have to go so far north to get to Casper, and so far south to get to Denver! Pass this bill and let Billings have a turn at being known as the ‘Mile High City’ for a change… it’s only fair. That’s what fundamental change is all about.”

After being informed that Billings is in Montana and not Wyoming, Obama was quick to point out that he inherited that from the previous administration but pledged to correct the injustice by way of an amendment to his Switching Around Wyoming and Colorado (Plus Moving Billings to Wyoming) Equals Jobs Act.

Many economists are praising the latest Obama jobs plan as good news for the US economy. “This is even better than my alien invasion idea,” exclaimed Nobel Prize winning economist and New York Times columnist Paul Krugman.


“Switching around Wyoming and Colorado is imperative to putting America back to work,” according to Senior Obama Advisor David Plouffe, above.

Greasy Axelrod: Obama Faces ‘Titanic Struggle’ for Re-Election


What an appropriate comparison:

MANCHESTER, N.H. (AP) — President Barack Obama’s chief political adviser on Tuesday conceded that a dark cloud looms over the American economy and Obama’s political future, describing the president’s road to a second term in the White House as “a Titanic struggle.”

“We have the wind in our face because the American people have the wind in their faces,” David Axelrod told an audience of New Hampshire politicians and business leaders. “So this is going to be a Titanic struggle. But I firmly believe we’re on the right side of the struggle.”

Hey Dave, “headwinds” weren’t what sunk the Titanic. In this case, a $4 trillion iceberg was purchased with money charged to future generations and the SS Hope & Change rammed it on purpose. But all Obama’s got for people who warned about the iceberg is “stop complaining, get back down in steerage and eat your peas!”

I’m no campaign expert, but if the politician I was working for were up for re-election and I needed a “fight of our lives” comparison, I’d try to think of an example of an historic “struggle” that ended triumphantly instead of something where a shitload of innocent people died and the whole works irretrievably sunk. I mean, I appreciate the honesty, but it’s just bad optics from a campaign strategy perspective. Of course, this is from somebody on the political team that’s actually using guilt-ridden rich dickweeds pleading “please raise my taxes” as a campaign theme. Inspiring.

The Latest Community Outreach Program in the Name of Saving the World From Global Warming

As you read this story, don’t forget to thank your lucky stars that Al Gore is here to help make sure the United States also does its part to save the world from global warming:

KICUCULA, Uganda — According to the company’s proposal to join a United Nations clean-air program, the settlers living in this area left in a “peaceful” and “voluntary” manner.

“I heard people being beaten, so I ran outside,” said Emmanuel Cyicyima, 33. “The houses were being burnt down.”

Other villagers described gun-toting soldiers and an 8-year-old child burning to death when his home was set ablaze by security officers.

“They said if we hesitated they would shoot us,” said William Bakeshisha, adding that he hid in his coffee plantation, watching his house burn down. “Smoke and fire.”

According to a report released by the aid group Oxfam on Wednesday, more than 20,000 people say they were evicted from their homes here in recent years to make way for a tree plantation run by a British forestry company, emblematic of a global scramble for arable land.
But in this case, the government and the company said the settlers were illegal and evicted for a good cause: to protect the environment and help fight global warming.

Sounds like some pretty horrible things are happening in the name of saving the planet from a profit-driven hoax.

Too bad the New York Times didn’t use a title that is thick with the irony the story deserves: “Low income Africans protected from ravages of global warming: Poor blacks hardest hit”

Remember this video? Nobody thinks these people were only joking, do they?

(h/t Moonbattery)