Stimulus Collapse Plan Example

Buddy Obama
Before getting a $535 Million dollar loan to Solyndra (a now bankrupt solar energy company), Obama was good friends with the Solyndra's most prolific financial backer, George Kaiser. Kaiser is an Oklahoma oil billionaire who helped bundle millions in campaign donations to Obama's 2008 Presidential campaign. Kaiser is the single largest shareholder of Solyndra as reported by the Security and Exchange Commission (SEC) filings. Kaiser and his affiliates held 39% of the solar company.

So it should come as no surprise that when it came time for the Stimulus (Obama's Collapse Plan), Obama would make sure that his friends at Solyndra got a piece of the action. It came in the form of a low interest loan (that the Federal government had to borrow - in order to loan) to the energy firm Solyndra. The $535 Million went to Solyndra, Inc was issued by the Department of the Treasury (Tax Cheat Tim Geithner). This is rather odd because Solyndra was a high risk firm and should probably not received such a low interest loan in the first place. Incidentally, of the 18 Energy Department loans given, Solyndra's rate was the lowest interest rate! Nice!!

Shortly after the loan was issued, Obama made a factory visit to the "wonder" green energy company.

Circumstantial
So was this a coincidence that that company got such a GREAT deal from the Federal government? Take a closer look at the facts. Before Obama was elected, Solyndra had applied for a green-energy loan. It only rated a B+ from government appraisers indicating a "red flag" on giving them ANY loan. After Obama took office, strangely, Solyndra's loan application process was fast-tracked and the company was made an example of the new green-jobs technology that Obama loves so much.

Questions to Ask Obama
Congress should ask the White House these questions:

• Why were the appraiser's warnings ignored?


• Why did the White House overrule the appraisers when the company was in serious financial trouble?


• Who decided that Solyndra should get such a "sweetheart" deal on the loan?


• Why did Kaiser get all HIS money back in this failed company?


• When did Obama know about this situation?

More Political Corruption!
Once again, if it walks like a duck, quacks like a duck, it's a DUCK! This is just another example of how Obama's Collapse Plan is in action and working against the USA! Overload the system and collapse the economy. What better way then to give a "risky" loan to a failing company?