Obama Watergate Update: Carney Denies Involvement In Solyndra Loan Review - Live Solyndra Webcast

Tyler Durden's picture

You know what they say about official denials:


Will a doomed solar company, and a failed economic voodoo religion be Obama's Watergate? We will know in a few weeks. In the meantime, someone should probably look into how much money Obama received courtesy of Solyndra 2, aka Mojave Solar LLC


Yeah, that's right: even as the PR scandal of Solyndra is threatening to sweep the administration, it continues to funnel more taxpayer capital in failed solar projects!

In the meantime, readers can watch the Solyndra hearing live here:

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Rodent Freikorps's picture

WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.



AldousHuxley's picture

and how much tax payers money went to bail out GM?


And all of sudden you see mpg increasing and chevy coming out with Volt? Car makers were in bed with the oil industry who is in bed with military industry to keep the game going without trying too hard. Well gas prices are high and Iran is going to get a nuke, so better change course now.


China invests in R&D and have engineers as nations leaders.

US invests in bailing out old tech that should die off and have lawyers as leaders.


Priorities people. Other countries are not sitting around in communism anymore.

Rodent Freikorps's picture

Sales of the much-hyped Chevy Volt fell to new lows as did GM share price as July auto sales figures came in. Only 125 Volts were sold during the month of July.


And that is at the subsidized price, from the bailed-out GM.&

And China does not do R&D. They steal other people's R&D.

This administration is actively moving any non-union production jobs overseas.

pods's picture

I chuckled when I read "125 Volts" and immediately thought in the US we run 120V.

Maybe if they sell them in Europe they will sell 240 Volts?


I did it by Occident's picture

But, but, but it won 2011 Motor Trend Car of the Year, 2011 Green Car of the Year, 2011 North American Car of the Year, and 2011 World Green Car!!!

One would think it would be flying out of the showrooms!


Screwball's picture

Has just gotten - Sept of 2009.  Opps!  Don't feel bad, Limbaugh had it wrong too.

Rodent Freikorps's picture

I quoted the ariticle.

Still happened on Obama and Steven Chu's watch.

Focus on the important stuff.

Rodent Freikorps's picture

Dates can tell you important things, I guess, like how long this Green Graft has been going on.

greyghost's picture

couldn't agree more......the crooks just don't care to hide anything anymore. in your face and proud of it. we have gone from the arkansas mob, to the texas mob and now have moved on to the chicago mob. anyone following the crisis in calif democratic campaign funds gone amissing? thieves stealing from thieves now. this shit just gives me heart arch.

Long-John-Silver's picture

It's like the crew taking the life boats and not telling the passengers they are abounding ship. They chop holes in the boats they can't take so the passengers all go down with the ship.

wang's picture



you're not related to Jon Silver Executive Director of the U.S. Department of Energy's Loan Program who is giving testimony are you?

That guy is one slick dude, I was impressed that a mere civil servant could be so hard to pin down and then learned this guy was a hand picked political appointee who used to be a hedgie with Core Capital and Tiger Mgmt, McKinsey alum etc


pods's picture

Place Holder is on da job.  This will be a thorough investigation.


malikai's picture

He's been upgraded to placeholder? When did that happen? I miss everything..

DirtMerchant's picture

or evidence destruction, whichever provides his boss with plausible deniability


gmrpeabody's picture


I am becoming very cynical.

Mr Lennon Hendrix's picture

But Fast and Furious and his unconstitutional act concerning the war on Lybia via the War Powers Act on the other hand.......

SheepDog-One's picture

Fast and Furious Gun Runner is exploding no matter how much the media is trying to keep a lid on it. 

buzzsaw99's picture

The DOJ, FBI, etc., are a joke when it comes to high crimes.

I did it by Occident's picture

conflict of interest.  it is hard to go against the Boss-man in any line of work.

SheepDog-One's picture

Not so much lame when the DOJ, FBI DHS etc top leadership themselves are all being named in Fast and Furious gun runner charges.

New AZ murder scene with Operation Fast and Furious guns found at the scene. This just keeps going from bad to worse for all the top execs.

Oh Im sure it will all be cleared though under the new 'Bush did it too' blanket escape clause.


LongSoupLine's picture

double peace symbols getting on plane...bitchez

oogs66's picture

feels like i'm reading headlines coming out of the soviet union...hard to believe that all of these things are happening right here in the good old u.s. of a

kridkrid's picture

Nothing new...

"I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents."
 U.S. Marine Major General Smedley D. Butler.

We have simply wanted to believe the charade. 

Whalley World's picture

Was it not General Butler who blew the lid on the Fascist overthrow of the US Govt?  Instead of being called a hero, he was marginalized.

kridkrid's picture

more or less, I think that's correct.  He was being recruited to play a role in a Fascist overthrow of FDR, though I myself would consider FDR to be a bit fascist.  This is where labels tend to muddy the waters, in my opinion.  It's always a power grab of competing ruling interests who tend to have little interest in you or me and who believe that the ends justify the means.  After that it is a lot of semantics. 

greyghost's picture

kridkrid....communist or fascist...not a dimes worth of difference between them.

kridkrid's picture

just competing groups of thugs.  Which is why I responded to the post about a fascist overthrow of America.  While it is true that a group of industrialists/fascists conspired to overthrow FDR, I don't think that makes FDR the "good guy".  When you read Smedley's quote you recognize the use of America's military for corporate imperialism.  He voiced his opposition to that (albeit after participating in it for an entire career).  FDR was engaged in the same activity... as has been every president since.

greyghost's picture

my dad was a naval aviator for 30 years, WWII and korea and cold war. his whole belief system changed after reading the general's book. after that we could have some very interesting talks about everything. i tried giving him my copy of "trading with the enemy", however he said no, that there are some things he didn't want to know. our last great talk was on the u.s. patriot act and how the republic is dead.

kridkrid's picture

I've pushed my father over this ledge as well.  In hindsight, I almost wish I wouldn't have.  Perhaps ignorance is bliss.

Whalley World's picture

Ahhh, the old Red Pill Blue Pill dilemma.

youngman's picture

They ONLY sat in on the meetings to short the stock...ya gotta know when to hold em..and know when to fold em...its politics as usual...and insider trading....oh and campaign contributions...oh and they probably will build one wing of the Presidential library

Stormtower's picture

The most corrupt administration in this nations history.

buzzsaw99's picture

buy the new gm stock and shut up about it.

glokk26L's picture

I got some old gm stocks to sell, want to buy them?  I'll throw in some Zimbabwe trillion dollar bills, that way you can pay down some of our debt that we racked up.

glokk26L's picture

I got some old gm stocks to sell, want to buy them?  I'll throw in some Zimbabwe trillion dollar bills, that way you can pay down some of our debt that we racked up.

tmosley's picture

Might I introduce you to the administation of Woodrow Wilson, who agreed to sign the Federal Reserve Act even before becoming president?

There is nothing exceptional (on a relative basis) about the corruption of the current administration.  It is just as bad as any of the fascist administrations that preceeded him.

kridkrid's picture

There is a book written by a former congressman named "shadows of power"... it more or less charted a path for me 20 or so years ago.  He wrote a lot about Wilson.  What he signed on to before he was elected, what he was provided in exchange for what he signed on to.  A lot had to do with his love of Princeton, where he later became president.  Interesting read.

kridkrid's picture

Same as it ever was.  We've had a fairly monolithic rule going back at least 48 years, most likely longer.  I would like to see a cage match of corruption between Wilson, FDR and Nixon.  That's just me.

Cognitive Dissonance's picture

Maybe the most transparently corrupt (and that is questionable) but not the most corrupt. Then again, this administration still has 16 months to go before the next inauguration so there's plenty of corrupting days left in this term.

NotApplicable's picture

I'd say that the increased transparency is mostly due to  the Internet and those pesky bloggers who do an end-run around the MSM filters. I can't imagine for a minute that any prior admin since Lincoln (excepting JFK, perhaps) has hands any cleaner than Obummer's.

bread n circuses's picture

I think, maybe, that "blatant" is a better descriptor of O's corruption than "transparent".  It's almost as if he says, "Yeah, I did that.  So what?  Please see my press secretary for some half-baked, specious rationalization for my actions and then forget about it and go back to checking your fantasy football lineup for next week".

DirtMerchant's picture

Especially since the admin is lame, everyone of them is trading the country for fruits after the election

Gene Parmesan's picture

At least now they have their own -gate (solargate).

Cognitive Dissonance's picture

Where's Leo to discuss killer solar stocks when we need him?

wang's picture

it's not nice to speak ill of the banned

tmosley's picture

Oh boy, then we get to have BIDEN as president!