Solyndra scandal only the beginning

The Washington Post is reporting that the Obama administration has made a number of huge bets with our money on more green schemes like the recently bankrupt Solyndra (that one will costs taxpayers over $500 million dollars in the form of loan guarantees the Obama team extended to the company, while ignoring government guidelines and rules meant to protect taxpayers; Solyndra's other major investor was George Kaiser, a major Obama and Democratic bundler).  Auditors are now scrambling to uncover other bad "bets" that Obama made with our money. Upwards of $38 billion dollars is at risk. Joe Stephens and Carol Leonnig write in the Post : Energy and Commerce Committee Chairman Fred Upton (R-Mich.) and Cliff Stearns (R-Fla.), chairman of the oversight and investigations subcommittee, wrote to the White House, "We have learned from our investigation that White House officials monitored Solyndra's application, and communicated with DOE and Office of Management and Budget (OMB)...(Read Full Post)

COMMENTS ON AMERICANTHINKER

RECENT VIDEOS