If Palin entered...

Commodore · Sep 14, 2011

Sarah gets it like no other

Joining GE in the pantheon on crony capitalism is another Obama favorite that has been in the news of late: Solyndra. The President hailed this “green energy” company in a speech last May as “the true engine of economic growth.” When he announced the $535 million guarantee to Solyndra, Vice President Biden said that investments like this are “exactly what the Recovery Act is all about.” (Dear God…If the failed Solyndra venture has been what it’s “all about,” then that explains a lot.) As I pointed out in my speech at the Reagan Ranch Center last February: “History has proven again and again, when government picks the winners and losers, we’re stuck with the losers, and we the taxpayers subsidize failure!” And that’s what we’re seeing now, as the FBI raids the solar energy company’s headquarters to glean more information after the company was handed half a billion dollars in “green energy” Stimulus funds from the American taxpayer only to later declare bankruptcy. More than one thousand Solyndra workers lost their jobs. Now as the truth comes out, we discover that the White House was heavily involved in the Department of Energy’s rushed decision to give the Stimulus funds to Solyndra, and they tried to move the money through so quickly they seem to have ignored concerns that the company was not viable. Why would they do this? Perhaps it’s because a large investor in the company (about 35%) is Obama campaign bundler George Kaiser. And with the way the deal is structured, Kaiser will get his debts paid before we the taxpayers see any relief. That is sickening. And that’s how it works: workers lose their jobs, wealthy political cronies stand a good chance of getting their money back, and the U.S. taxpayer gets the shaft. Again.

President Obama has his sights set on raising $1 billion for his reelection campaign. Raising that money won’t be easy. But if you can hand out other people’s money to friends, it must get a whole lot easier. This crony capitalism and government waste is at the heart of our economic problems. It will destroy us if we don’t root it out. It’s not just a Democrat problem or a Republican problem. It’s a problem of our permanent political class. This won’t stop until “we the people” say enough is enough, and we retire the permanent political class that votes for this.
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Carl Herrera · Sep 14, 2011

Commodore said: ↑

Sarah gets it like no other
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She gets it from Glen Rice like many other, actually.

NewRoxFan · Sep 15, 2011

Commodore said: ↑

Sarah gets it like no other
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That's what Glen Rice says, at least...

Classic · Sep 15, 2011

Commodore said: ↑

Sarah gets it like no other
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Damn good point. Lost in all the dem v repub stuff is this. The $780 billion stimulus fund (and Bush's stimulus) was no doubt riddled with hundreds of millions here and there to political insiders.

Every crisis the government 'responds' to with a new bill is full of junk spending like this. Our government is forcibly transferring wealth at the expense of the lower & middle class and the next generation and yet the people demand more.

Carl Herrera · Sep 15, 2011

Classic said: ↑

Damn good point. Lost in all the dem v repub stuff is this. The $780 billion stimulus fund (and Bush's stimulus) was no doubt riddled with hundreds of millions here and there to political insiders.

Every crisis the government 'responds' to with a new bill is full of junk spending like this. Our government is forcibly transferring wealth at the expense of the lower & middle class and the next generation and yet the people demand more.
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Amazing how America managed to muddle through all this time after the "New Deal" weath transfer regimes.

Things could have been so much better in the "wealth-tranfer-free" Randian paradise that some people salivate over.

kpsta · Sep 15, 2011

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