Bluegrassrivals

Does Obama and his friends look at the presidency as a license to loot taxpayers? There seems to be no limit to the cronyism of this president. Would you hire Obama to manage your money or your company?
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Quote:Obama Admin Approves $737 MILLION Green Jobs Loan To Nancy Pelosi’s Brother-In-Law

Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve:[INDENT]SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California.
[/INDENT]On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives."
But wait... there's more! One of SolarReserve's other investment partners is Argonaut Private Equity:[INDENT]Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given a $737 million dollar loan guarantee to a company backed by Argonaut that also lists Mitchell among its board of directors.

Mitchell served on the Solyndra LLC Board of Directors. He also serves as Managing Director for Argonaut Private Equity, a company that invested in Solyndra through the LLCs parent company. After Solyndra declared bankruptcy, two Democratic members of the U.S. House asked that Mitchell testify about Solyndra. Though he has not appeared before Congress, he has "been asked to provide documents to Congress" pertaining to Solyndra.[/INDENT]

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Don't worry about it Hoot, the nation couldn't pay for it anyhow, so we will get the work for free....

Stardust Wrote:Don't worry about it Hoot, the nation couldn't pay for it anyhow, so we will get the work for free....

I am not worried at all, Stardust. RV has accused me of not missing an opportunity to criticize his hero, President Obama, so I decided to show him that I have passed on many, many opportunities to criticize the president. I am just warming up. Maybe he will up his bid for BGR. nicker: