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Solyndra Scandal Looks More and More Like Obama’s Watergate

By: Brad Jackson (Diary)  |  September 16th, 2011 at 10:05 AM  | 

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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the markets rise this week, the possible moves of the Fed next week, and the latest developments in the broadening Solyndra scandal.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

Related Links:

Solyndra’s woes worried White House, emails show
Treasury Inspector General Opens Probe Into Obama’s Solargate
Loan Was Solyndra’s Undoing
Did State Tax Dollars Go Into Failed Solar Company Tied To Tulsa Billionaire?
Testify: In 2009, Solyndra CEO Said Obama and Steven Chu Were Personally “Instrumental” In Securing Half-Billion In Loans for SCOAMF Boondoggle

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COMMENTS

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  • gs425

    ….Solyndra? Screw that. All that issue is another form of government pissing away our money. They’ve probably pissed away that much and more in the time it takes me to type out this post.

    What galls me is Fast and Furious. This administration deliberately tried to undermine they very documents that give us freedom. The true depth of kind of contempt for this country cannot be measured or explained in words and yet it barely registers outside of conservative media. It is nothing short of treason.

    • junglecogs

      The MSM avoided the Swift-Boat issue for as long as they could and they are doing the same with Fast & Furious. But again, it’s just a matter of time before the poo hits the fan. F&F involves deaths as well as the abuse of our freedoms.

      • msctex

        Especially that of our own people fighting an ostensibly good fight. Except for this one period in our nation’s history, that is.

        If Bush had been responsible for this fiasco, there is a distinct possibility he would be looking at impeachment proceedings by now, and he might well would be considering resignation. AS HE SHOULD, under the circumstances. The Media, after intensely focussing on the matter AS THEY SHOULD, would be arranging awards banquets, congratulating each other for preserving the sanctity of the Republic, and anointing whoever pushed the story furthest “the new Woodward and Bernstein.”

        As it is, crickets chirp, because the people we trust to protect us by keeping us informed are the ones who did the most to put us here.

        • http://theheartlander.wordpress.com/ heartlander

          David Codrea (Examiner.com and War On Guns) and Mike Vanderboegh (Sipsey Street Irregulars) would win Pulitzer Prizes. They are top-notch investigative journalists who are doing the work that newspapers used to.

          Over 2,000 guns went to Mexico from Arizona alone (we now know that the ATF and the DEA have been running guns south out of several more states), and each of those guns will kill who knows how many people. Over the coming years, those guns could kill thousands and thousands of people. If I were a Mexican, I’d be pressing charges, or doing my best to haul certain U.S. officials before an international tribunal for crimes against humanity.

          • msctex

            . . .come a year from this January. I honestly expect a high percentage of the Obama Administration to flee the country, in time.

  • APA Guy

    Back in 2008, we made the mistake of trying to beat the drum of personal associations that had no quid pro quo attached. That is, no matter how despicable Obama’s associations with Ayers and Wright were, they didn’t have that corruption element or a connection to defrauding the American people. Ergo, those associations went largely unnoticed by the voting public.

    This time around, the tables are turned around completely. This is a blatant case of Obama selling White House access and influence to the tune of half a billion wasted taxpayer dollars in exchange for campaign cash. We need to keep hitting that angle endlessly and learn from our 2008 mistakes in order to pound the final nails in his reelection coffin.

  • RichGoldMD

    NT

    • CincoSolas_del_Bronx

      Not to mention a number of people wishing that one existed in close proximity right about now.

      • Aaron Gardner

        After all, the Goa’uld were parasites.

        ;)

  • clintonformccain

    I just want to say how much I’ve been enjoying these daily podcasts. I have them automatically download to my iPod and listen daily (or catch up every few days).

    Solargate is particularly nasty for the Obama administration because it wraps up all the threads of discontent into one package with a shiny bow: The failed stimulus, pipe dream energy schemes, government incompetence, crony capitalism, and so on and so forth. Plus, it couldn’t happen at a worse time for Obama. This will be the first scandal that even the MSM can’t ignore.

  • http://www.jacksonlaws.com/ mcclelland

    This sounds like another birth certificate issue. Many businesses fail today and especially start ups. I have ran a business for almost 10 years and these are the worst times ever. People do not have disposable income to spend.

    But, acting like we cannot fix the economy is like a Christian Scientist saying they can’t get better. With a wait and watch approach both with wither away and die. I am all for a tax restructuring, but as someone who has studied economics hears this debate and gets sick.

    Governments must spend when the other drivers of the economy have stopped: business and consumer. Neither are spending so the GDP is dropping. Unless the consumers spend and they can’t or the businesses expand which they haven’t, the only other option is gov’t spending. Sorry to say, but that is the medicine the doctor orders. There is a mountain of proof to how this works. Almost every economist agrees.

    So, we can disregard the advice of the economic doctors or go with our gut.

    • runner12

      another ” birth certificate” issue? Would you be saying that if GW Bush was in office? I highly doubt it.

      There are some real concerns when a week after a major campaign donor meets with the President, his company ( who everyone knows is going bankrupt, some predicted it accurately to the very month) receives 500 million dollars as part of the stimulus. This is despite muliple warnings from people within the DOE.

      Now maybe it was just incompetence, with this President it is highly likely. But it needs to be investigated as to whether or not it was a kickback.

      As to your defense of Keynsian economics, it is a poor one. First of all, NOT all economists agree that government needs to spend, spend, spend, unless they are Keynsian economists. So your statement was disengenuous and overreaching.

      Secondly, how have those Keynsian policies worked so far? Have you stopped and asked yourself why people are not spending?

  • minister_of_war

    … Many innocent people have died with the Fast & Furious scandal both north & south of our border with Mexico. Whether that goes all the way up to Obama is still unknown.

    But we know for sure that people over at the Justice Dept. are going to need to be getting attorneys of their own & pleading the 5th soon if they haven’t already.

    • acat

      Ace of Spades has a good point on this.

      People are wondering why Solyndra is getting attention, while the media continues to basically ignore Gunwalker, except for these obligatory “here’s what happened, but we’re also signalling by our lack of interest that it’s no big deal” minor, middle-of-the-newspaper stories.

      I don’t know, of course. But here’s my guess.

      Solyndra looks like the sort of scandal they’re used to calling a scandal. You have here money flowing to corporations and political allies and donors, and political pressure to push this money through, and then the money being completely lost.

      They have a template in their minds for that sort of thing.

      The problem with Gunwalker, from a media point of view, is that they don’t know what pre-existing box it should be neatly packed into.

      Now, it’s Ace of Spades, so the comments are a lot more .. salty .. than here at Red State, but it’s absolutely a worthwhile read.

      Mew

  • http://pocketchangeproductions.net/ anotherindyfilmguy

    Anyone willing to form a pool now the there have umpteen without the O getting indicted/impeached or unelected etc yet?

  • reaganbuckley

    It’s just indicative incompetent economic management of an inexperienced president! The investigation into illegality is a political sideshow for political purposes.

    What we should be investigating is the political influence for 700 billion in bank bailouts. The Solyndra loans are chump change!

    • http://www.hakubi.us/ Neil Stevens

      The evidence is in that the Obama team paid off buddies. You claim it’s coincidence, and just poor management? I’d like to see some evidence to bolster that claim.

      • reaganbuckley

        Where’s the evidence that members of the Obama administration make quid pro quo payments? Are there tapes like Watergate? And while we’re on the subject where’s deep throat?

        Bush and Obama and co. gave billions to the banks and other favored corporations whose CEOs and higher ups worked in high levels of both administrations. Paulson given money to his cronies at Goldman (an investment, not even a commercial bank) etc, is worse than this, unless you can point out evidence to the contrary.

        I stand by my assertion, unless you can show me otherwise, in the world of crony capitalism, Solyndra is chump change.

        Sure, we’ll waste millions more investigating this non-sense as a political sideshow.

        • http://www.hakubi.us/ Neil Stevens

          I don’t really give a rip about your tireless defenses of The Leader.

          • reaganbuckley

            In this country, one is innocent until proven guilty, even people you disagree with.

            FYI: Not a fan of The Dear Leader. Nor am I a fan of government handouts to corporations (just cut there taxes and leave them alone.) But also not a fan of silly political sideshows.

            One can cut the schadenfreude with a knife, with the collective orgasm that there’s now some presidential pseudoscandal to talk about when the real scandal has been Obama’s economic and foreign policy (and our policies for the past decade or so.)

            Maybe we can resurrect Vince Foster to testify at the hearings. That would be fun.

        • http://908StraightSt.wordpress.com/ mbecker908

          “I stand by my assertion…” Give me a break. When you make an assertion, it’s up to you to provide proof of your assertion. Otherwise there’s no “ertion”.

          • reaganbuckley

            I can not produce “incontrovertible” evidence that Obama did not personally pocket Solyndra money with the express direct intent of a quid pro quo exchange to fund there operations. I have my doubts that whatever was done was illegal. The burden of proof is often on the accuser.

            Let me know when you want to start impeachment proceedings so we can ruin our chances of winning the white house next year.

            I honor Ronald Reagan and William F Buckley with my screen name.

  • reaganbuckley

    Whose the Obama official that will go to jail and then come back 35 years later to hawk gold products on fox news?

    • acat

      I’ll leave pointing out the rest of your errors for others.

      Who knows, maybe Chuck Colson will visit them.

      Mew

      • reaganbuckley

        maybe mother jones or the nation will scoop it up when print media makes a huge comeback!

        prrrrr

        • acat

          Print media is dying. Even book sales are all going online.

          Newspapers will be dead or converted to aggregation services…

          Mew

          • Locked and Loaded

            the news printers will have their junk mail market cut out from under them.

            O happy day!

          • reaganbuckley

            (though we need to stop subsidizing it)

          • Locked and Loaded

            I won’t even entertain your nonsense for a second.

          • acat

            Just curious.

            You know, cuz I’m a cat.

            Mew

          • http://impudent.edublogs.org/ kyle8

            I loath getting four solid pounds of junk mail every time I take a one week vacation.

  • 6eorge Jetson