While Solyndra is the easier on the lips BrightSource got 1.5 Billion dollars compared to Solyndra’s 535M, of course it was Obama’s intent to give Solyndra over a billion dollars but the jig came up to quick for that payoff. These “green” companies with their billionaire owners and investors coming to the Federal Government for our hard earned tax dollars instead of using their own money is criminal. These are the types of payoffs and trust me when 80% of your “green” loans go to those who invested in your Presidential run it is Chicago style cronyism. Our Children Will Be Paying Off These Crony Loans For The Rest Of Their Natural Lives And So Will Their Children
House Republicans are broadening their probe of the Department of Energy’s largest solar-loan guarantee.
Rep. Darrell Issa, the California Republican who chairs the House Oversight and Government Reform Committee, sent letters to the White House and BrightSource Energy Inc., the loan-guarantee recipient, asking for e-mails and other documents related to the $1.6 billion deal. The Wall Street Journal viewed copies of the letters, which are dated June 7.
The letters come after the Journal reported Wednesday on BrightSource’s intense lobbying push in the weeks before its loan closed in April 2011.
The company, which needed to close the loan that month or risk the entire deal going under, hired a former chief of staff to Vice President Joe Biden to lobby the administration and prepared a draft letter from its chairman to White House Chief of Staff Bill Daley asking for “a commitment from the WH [White House] to quarterback the loan closure,” according to federal records, e-mails viewed by the Journal, and people involved in the deal.
The company says it never sent the letter to Mr. Daley, but it did sent a letter to the head of the Department of Energy’s loan program on March 7, 2011, according to the e-mails. That official quickly reassured BrightSource the deal was on track.
I look forward to a true capitalist society returning to America’s shores because this type of “loan” where the company sucks up the dollars, enriches the owners and puts the people back on the unemployment rolls is just treasonous.