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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:

  • CARNEY SAYS WHITE HOUSE COOPERATING WITH SOLYNDRA PROBE - Bloomberg
     
  • CARNEY SAYS WHITE HOUSE DIDN'T TRY TO INFLUENCE LOAN REVIEW - Bloomberg

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

  • DOE ANNOUNCES $1.2B LOAN GUARANTEE FOR CALIFORNIA SOLAR PROJECT
  • U.S. CITES LOAN GUARANTEE TO 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:

#ffffff; display: block; color: #000000; font-weight: normal; font-size: 10px; text-decoration: underline; text-align: center;">Live Video streaming by Ustream

 


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Wed, 09/14/2011 - 11:14 | Link to Comment Jeff Lebowski
Jeff Lebowski's picture

Bullish for Chinese solars!

Wed, 09/14/2011 - 11:20 | Link to Comment SGS
SGS's picture

BULLISH FOR SILVER.  The average panel eats about .75 Troy oz of silver.

Huh?

www.silvergoldsilver.blogspot.com

Wed, 09/14/2011 - 11:23 | Link to Comment pan-the-ist
pan-the-ist's picture

Ask Leo.  BTW, who benefits if Solar fails, why the Fossil Fuel Cabal, that's who.

Wed, 09/14/2011 - 11:27 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Solar is a crewel joke in terms of energy density. It's not even a contest. Even before Silver prices put Solar Panels into the cost effective trash can it was found they could never possibly return any cost savings.

Wed, 09/14/2011 - 11:38 | Link to Comment I did it by Occident
I did it by Occident's picture

Photovoltaics are a joke.  Most of the energy that reachs the ground as sunlight is in the visible and IR spectrum.  PV picks mostly the UV part which is a low percentage.  They are working on multi-junction type cells which would help get some of the other spectrum but (of course) at the cost of more complex panel which of course makes it more expensive, so it is a wash basically. 

 

Wed, 09/14/2011 - 11:58 | Link to Comment kito
kito's picture

solar is not a joke. it allows many to get off grid, and the technology is evolving. im quite certain that efficiency will improve over time.

 

Wed, 09/14/2011 - 12:05 | Link to Comment Mercury
Mercury's picture

It's a joke in the sense that you have to get someone else to pay for it to make it economically viable. 

Wed, 09/14/2011 - 12:11 | Link to Comment kito
kito's picture

take away all of the subsidies, tax breaks, incentives, etc. on every other industry-nuclear, coal, oil, etc, and let me know how the cost difference works out.

Wed, 09/14/2011 - 12:17 | Link to Comment I did it by Occident
I did it by Occident's picture

I do agree to eliminate all subsidies for any economic activity.  Same goes for disincentives (i.e. surtaxes).  All they do is distort the real relative price of things. 

Wed, 09/14/2011 - 13:10 | Link to Comment HCSKnight
HCSKnight's picture

Kito,

You are either a fool or a liar. Fundamentally it's a question of simple energy physics. .

In short, the facts of joules of energy avaiable at the source & joules of energy at the user end.

On both counts, solar energy factually fails to economically compete with other forms of stored energy.

There is simply not enough joules of IR solar energy per square foot of earth to allow solar power to replace or act as a secondary energy source, unless one lives in a desert and doesn't want a/c. But I think the late Sam Kinison summed up living in the desert.

And don't be fooled by the "but if" ideas of research/education PhDs. They as a group have already proved beyond a reasonable doubt they are of lower moral and ethical caliber than those employed by commercial interests.

Wed, 09/14/2011 - 14:39 | Link to Comment I did it by Occident
I did it by Occident's picture

"On both counts, solar energy factually fails to economically compete with other forms of stored energy."

Now, but I'm sure in the future the economics will flip when oil is running out.  Then it will start to gain traction.  The main hurdle is not the collectors themselves but intermediary energy storage which when the economics make sense will be developed.

I would say that solar would be better served if used thermally in thermochemical industrial processes.  Much effort is for end-use electrical production.  More energy is consumed in the chemical and transportation sectors in the form of thermochemical reactions.  That is where storage comes in.  Storage in chemicals (such as gasoline) would be much preferred method as the densities achieved are higher and thus more useful for end-users.    

 

Wed, 09/14/2011 - 12:14 | Link to Comment I did it by Occident
I did it by Occident's picture

I, for one, didn't say "solar" was a joke.  Just that PV is a joke.  There are other solar energy methods, but much investment is getting piled into PV for whatever reason.  No doubt efficiency will improve, but economic effectiveness is not the same as efficiency.  Systems are designed for not physical energy efficiency but for cost efficiency which are entirely different. 

Wed, 09/14/2011 - 13:39 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Key concept here is, "allows many to get off the grid". You can cry about the cost of solar vs. fossil fuels (and who knows what the true costs are given the gigantic array of subsidies across the energy industry), but Solar PV allows one to make one's home (and community) ENERGY INDEPENDENT. The story here is not just about cost.

I would tend to think that concept would go over well in the Zero Hedge community.

Solar and wind energy are terrifying to the power elite because they represent a certain amount of energy independence. It was Kissinger who said, "if you want to control a nation, control its energy supply". The only reason that solar and wind energy were even allowed to be subsidized in the 2000s was because they thought they could control it (and more importantly, profit off of it) through carbon taxes via the AGW bogeyman. Now that the lid has been  blown off of the AGW lie, they have lost the control mechanism, and solar and wind are getting thrown under the bus as they are no longer of any use.

 

Wed, 09/14/2011 - 12:09 | Link to Comment AldousHuxley
AldousHuxley's picture

If US really wanted to they can have alternative energy breakthroughs within 15 years. But why spend money on R&D when you can just invade Iraq, Iran, Nigeria, Somalia, etc. for more cheap oil?

Because US does not want to fund any energy projects that is democratic throughout the world. They want absolute control over world's energy....oil to support the fiat dollar.

 

Let's not get bogged down with small fry here.It is probably Repub Oil elites attacking any energy independence.

Oil industry gets double digit billion subsidies so does corn energy not to mention middle eastern wars are all about oil.

 

http://www.grist.org/i/assets/energy-subsidies.jpg

http://www.7gen.com/files/photovoltaic-cost.jpg

 

Just because US is screwed up in priorities doesn't mean other countries are just sitting back. Especially Asian countries with little internal source of oil will spend the money to push for alternative energy. Maybe that's when US will lose reserve currency power from petrodollar.

Wed, 09/14/2011 - 11:30 | Link to Comment IBelieveInMagic
IBelieveInMagic's picture

I don't believe it is corruption as much as sign of desperate flailing about to find the next breakthrough to provide impetus for a floundering economy -- the fundamental basis of the global USD reserve currency system is that the US will keep innovating and stay one step ahead of the ROW. Unfortunately, it is not happening...

Wed, 09/14/2011 - 12:08 | Link to Comment Nascent_Variable
Nascent_Variable's picture

When the government tries to force innovation by manipulating the market, the entire system is corrupted.

Besides, as it stands today, even if America could produce another Tesla, he'd be wasting his time chasing government grants for garbage research or doing bogus studies for corporate giants to disprove gravity.

The country is fat, lazy, and morally bankrupt.  A competitve edge is required to stay ahead, and America lost it a long time ago.

Wed, 09/14/2011 - 12:19 | Link to Comment AldousHuxley
AldousHuxley's picture

Government will always have money to distribute, but Americans will have to tell congress the priority of spending.

 

I'd rather see government try to force innovation (what was NASA other than aerospace r&D subsidy?) than spend money corp farm subsidies, illegal aliens, Halliburton, oil industry tax breaks, bankster bailouts, etc.

 

Remember, status quo hates innovation because they are a threat to their oligarchy.

 

 

Wed, 09/14/2011 - 12:41 | Link to Comment Nascent_Variable
Nascent_Variable's picture

I agree that, if done correctly, R&D grants can be a good thing, but Obama's push for green jobs goes way beyond that.  He's trying to "stimulate" innovation, and it's never going to work.

Wed, 09/14/2011 - 12:25 | Link to Comment I did it by Occident
I did it by Occident's picture

And they just "helped" innovation by just passing the AIA (America Invents Act).  As with any of the bills they pass, expect the exact opposite effect of the stated purpose.  The AIA is a step to "harmonize" the US patent system with the rest of the world.  And we want to be like the ROW why exactly?...

I was reading about how the act would shift the risk equation investment in innovation (in the wrong way) so that Venture Cap will not be able to invest as effectively as it once did in startups.  The figures now are the US has 7X the VC investment that EU countries have.  And we want to make our patent system more like their's? 

yet another nail in the coffin of Yankee Ingenuity.

Wed, 09/14/2011 - 13:10 | Link to Comment I did it by Occident
I did it by Occident's picture

To add, the proponents of AIA say that it will create jobs, but the evidence they provide take some leaps in logical conclusions.  In other words, no empirical evidence exists which can support the argument.  Basically, we have to wait 10 years to find out if it screwed us up or not.  Just like the health-care bill. 

Wed, 09/14/2011 - 11:56 | Link to Comment Mae Kadoodie
Mae Kadoodie's picture

I remember that movie...Solyndra Green with Chuck Heston.  Wasn't that the one where he says, "get your paws off me you dirty ape!"?

Wed, 09/14/2011 - 12:33 | Link to Comment trav7777
trav7777's picture

I think he said nigger

Wed, 09/14/2011 - 12:21 | Link to Comment alangreedspank
alangreedspank's picture

Big Oil is already well positionned in the "renewables". Mouths right under the subsidy spiggots waiting eagerly.

 

Wed, 09/14/2011 - 11:35 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

Hey!  What happened to your Crash JP Morgue, buy Silver screen name?  

So, if that rumor started last November, does this mean it took you almost a year to figure out that it was just bullshit?  Or were you the guy that started the rumor? Without a doubt, that rumor ranks as the single biggest pile of bullshit in the metals market thus far.  I'm not sure why anyone would follow your blog.

 

 

 

Wed, 09/14/2011 - 11:48 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It wasn't started last November, it was started in January of 2010...and have you seen JPM's stock lately?  Have you seen JPM vs. silver?  Are you really this dumb, or do you just play one on TV?

Wed, 09/14/2011 - 11:52 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

Listen up, foolio.  It was started a few weeks after Sprott started PSLV.  The infamous cartoon bears went viral in the first week of December. 

 

Wed, 09/14/2011 - 12:00 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You are as good at researching ideas as you are understanding them.  The Buy Silver movement was started here, on ZeroHedge, in January of 2010.  It morphed through the months until we all realized its potential to take down the banking system.  This idea was finalized in the latest during the Summer of 2010.  It was not until several months later that Keiser picked it up, and if you have listened to Keiser, you would have heard him give credit to ZeroHedge for the concept, albeit only once.

Wed, 09/14/2011 - 12:00 | Link to Comment tmosley
tmosley's picture

I like how you ignored his pertinent question.

Have. You. Seen. The. Price. Of. JPM. Stock. Lately?

Wed, 09/14/2011 - 12:35 | Link to Comment trav7777
trav7777's picture

you are a tour de force of logical fallacies

Wed, 09/14/2011 - 12:40 | Link to Comment tmosley
tmosley's picture

You are a complete and total failure in every arena.

Wed, 09/14/2011 - 13:29 | Link to Comment I did it by Occident
I did it by Occident's picture

but haven't all the banks been clobbered the last 6 months? 

Wed, 09/14/2011 - 13:49 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

NO!  BLASPHEMY!  IGNORE ALL THE OTHER BANKS!  

In the doomer wing of the internet psyche ward, the only bank that matters is JPM, and the only positions they hold are silver shorts.

Nothing else matters.   

 

Wed, 09/14/2011 - 14:10 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You actually have a point:  Major Bank Houses do short silver without locating the underlying asset.

Wed, 09/14/2011 - 14:42 | Link to Comment tickhound
tickhound's picture

but haven't all the banks been clobbered the last 6 months

Try the last 10 years... Assuming the bank is still around.

The sunshine crowd views this 'statistic' with strategic optimism.

Wed, 09/14/2011 - 15:54 | Link to Comment I did it by Occident
I did it by Occident's picture

Not that I am an optimist by any stretch of the imagination.  I was talking relative timeframe.  I know the overall trajectory for the system is "not good". 

Wed, 09/14/2011 - 12:06 | Link to Comment MsCreant
MsCreant's picture

I knew about silver shorts long, long, before the bears. It has been debated on this site and at least four others I follow.

Wed, 09/14/2011 - 12:24 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

Of course.  Many people knew about JPM's silver shorts, their supposed manipulation in the metal's market, and there were many lawsuits threatened long before the cartoon video.  But the notion that a doomer goon could go to his local coin shop, buy some physical silver and that it would contribute to the imminent collapse of JPM is a vastly different scenario. 

The Crash JPM, Buy Silver brigade began in a small window of time near the beginning of Sprott's PSLV.    

 

Wed, 09/14/2011 - 12:41 | Link to Comment tmosley
tmosley's picture

So now you are admitting that JPM is short silver?

fucking lol

Wed, 09/14/2011 - 12:52 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

But does he know that shorts need to be located.  I doubt he knows what that means.

Wed, 09/14/2011 - 12:50 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is just one of hundreds of posts, and combined together, the concept became well thought out and thorough.  The Buy Silver movement started here, and ended up in Max Keiser's back pocket.

Sun, 02/07/2010 - 20:37 | Mr Lennon Hendrix

No bell; it's a TKO!

My boss says complacency kills.

Bulls go Moooooo!!!!!!

Buy Silver.

Wed, 09/14/2011 - 13:56 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

That's one of the most ridiculous posts ever recorded on the internet. I can't even believe that you perused through all your utterly banal posts, and decided on THAT one.....Bulls go mooooooooo.........  ???????????  

It's just the dumbest post ever. Seriously.  just DUMB!

If you think "Bulls go Mooooooooo... Buy silver" is the same as "Crash JP Morgue, Buy silver" than you are an even bigger idiot than mosley, and he currently holds to world's title.   

 

Wed, 09/14/2011 - 14:09 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That was my first post on ZeroHedge.  I had been reading ZeroHedge since Tyler's work on tungsten gold reserves got attention on Max Keiser's site and I started posting on ZeroHedge to promote the Buy Silver movement.

It is not hard to find a post of mine with Buy Silver on it, and in fact, in the beginning of being here, it is probably hard to find one without it.

Wed, 09/14/2011 - 12:30 | Link to Comment gmrpeabody
gmrpeabody's picture

"shorts long long.."

Is it...?

A)  A Chinese tailor shop

B)  A hedge fund

C)  Name for a panda bear

Wed, 09/14/2011 - 12:36 | Link to Comment crazyjsmith
crazyjsmith's picture

Sometimes details get in the way of a good argument...

12/31/2009 - 9/14/2011

JPM   - 22.76%

S&P 500  + 4.62%

Dow  + 6.01%

SLV   + 129.87%

PSLV  + 88.75%

Wed, 09/14/2011 - 12:10 | Link to Comment fuu
fuu's picture

 

 

Hey what happened to your Redneck Repugnicant screen name?

 

Silver:JPM 1.2445

1 year ago 0.4858

Wed, 09/14/2011 - 11:33 | Link to Comment snowball777
snowball777's picture

I think you may just be "chinese-eyed", ~~, Lebowski.

Wed, 09/14/2011 - 11:17 | Link to Comment Derpin USA
Derpin USA's picture

This is a sign that the kleptocracy is taking their last bite before boarding the lifeboats while pushing the women and children overboard.

Wed, 09/14/2011 - 11:28 | Link to Comment NotApplicable
NotApplicable's picture

First a $550M fraud, and now another $1.2B hail-mary. Looks like a double-down bet to me.

Wed, 09/14/2011 - 11:40 | Link to Comment I did it by Occident
I did it by Occident's picture

yes, it seems our president has a gambling addiction.  He needs help. 

Wed, 09/14/2011 - 12:12 | Link to Comment bugfixx
bugfixx's picture

In confidence game parlance, this Mojave Solar loan deal is called "the reload."  The hapless American taxpayers are the marks, of course.

Wed, 09/14/2011 - 12:33 | Link to Comment gmrpeabody
gmrpeabody's picture

Good call, Bugs.

Wed, 09/14/2011 - 12:13 | Link to Comment Rodent Freikorps
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.

http://online.wsj.com/article/SB125383160812639013.html

 

Wed, 09/14/2011 - 12:23 | Link to Comment AldousHuxley
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.

Wed, 09/14/2011 - 12:48 | Link to Comment Rodent Freikorps
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.

http://nation.foxnews.com/chevy-volt/2011/08/02/chevy-volt-sales-fail

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.

Wed, 09/14/2011 - 12:52 | Link to Comment pods
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?

pods

Wed, 09/14/2011 - 16:11 | Link to Comment I did it by Occident
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!

/SARC

Wed, 09/14/2011 - 12:47 | Link to Comment Screwball
Screwball's picture

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

Wed, 09/14/2011 - 12:54 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

I quoted the ariticle.

Still happened on Obama and Steven Chu's watch.

Focus on the important stuff.

Wed, 09/14/2011 - 14:35 | Link to Comment Screwball
Screwball's picture

Like dates, sure will.

Wed, 09/14/2011 - 15:42 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

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

Wed, 09/14/2011 - 11:31 | Link to Comment greyghost
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.

Wed, 09/14/2011 - 11:33 | Link to Comment Long-John-Silver
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.

Wed, 09/14/2011 - 12:01 | Link to Comment wang (not verified)
Wed, 09/14/2011 - 11:17 | Link to Comment pods
pods's picture

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

pods

Wed, 09/14/2011 - 11:19 | Link to Comment malikai
malikai's picture

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

Wed, 09/14/2011 - 11:30 | Link to Comment DirtMerchant
DirtMerchant's picture

or evidence destruction, whichever provides his boss with plausible deniability

 

Wed, 09/14/2011 - 12:39 | Link to Comment gmrpeabody
gmrpeabody's picture

Bingo...

I am becoming very cynical.

Wed, 09/14/2011 - 11:19 | Link to Comment Mr Lennon Hendrix
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.......

Wed, 09/14/2011 - 11:45 | Link to Comment SheepDog-One
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. 

Wed, 09/14/2011 - 11:18 | Link to Comment buzzsaw99
buzzsaw99's picture

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

Wed, 09/14/2011 - 11:43 | Link to Comment I did it by Occident
I did it by Occident's picture

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

Wed, 09/14/2011 - 11:55 | Link to Comment SheepDog-One
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.

 

Wed, 09/14/2011 - 11:18 | Link to Comment LongSoupLine
LongSoupLine's picture

double peace symbols getting on plane...bitchez

Wed, 09/14/2011 - 11:18 | Link to Comment oogs66
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

Wed, 09/14/2011 - 11:22 | Link to Comment kridkrid
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. 

Wed, 09/14/2011 - 11:32 | Link to Comment Whalley World
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.

Wed, 09/14/2011 - 11:39 | Link to Comment kridkrid
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. 

Wed, 09/14/2011 - 11:51 | Link to Comment greyghost
greyghost's picture

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

Wed, 09/14/2011 - 12:30 | Link to Comment kridkrid
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.

Wed, 09/14/2011 - 11:49 | Link to Comment greyghost
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.

Wed, 09/14/2011 - 12:31 | Link to Comment kridkrid
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.

Thu, 09/15/2011 - 01:10 | Link to Comment Whalley World
Whalley World's picture

Ahhh, the old Red Pill Blue Pill dilemma.

Wed, 09/14/2011 - 11:20 | Link to Comment Capitalist10
Capitalist10's picture

Follow the money.

Wed, 09/14/2011 - 11:22 | Link to Comment youngman
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

Wed, 09/14/2011 - 11:22 | Link to Comment Stormtower
Stormtower's picture

The most corrupt administration in this nations history.

Wed, 09/14/2011 - 11:23 | Link to Comment buzzsaw99
buzzsaw99's picture

buy the new gm stock and shut up about it.

Wed, 09/14/2011 - 11:27 | Link to Comment glokk26L
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.

Wed, 09/14/2011 - 11:27 | Link to Comment glokk26L
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.

Wed, 09/14/2011 - 11:24 | Link to Comment tmosley
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.

Wed, 09/14/2011 - 11:46 | Link to Comment kridkrid
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.

Wed, 09/14/2011 - 11:26 | Link to Comment kridkrid
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.

Wed, 09/14/2011 - 11:27 | Link to Comment Cognitive Dissonance
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.

Wed, 09/14/2011 - 11:33 | Link to Comment NotApplicable
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.

Wed, 09/14/2011 - 14:14 | Link to Comment bread n circuses
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".

Wed, 09/14/2011 - 11:33 | Link to Comment DirtMerchant
DirtMerchant's picture

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

Wed, 09/14/2011 - 11:59 | Link to Comment Gene Parmesan
Gene Parmesan's picture

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

Wed, 09/14/2011 - 11:22 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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

Wed, 09/14/2011 - 12:03 | Link to Comment wang (not verified)
Wed, 09/14/2011 - 11:22 | Link to Comment tmosley
tmosley's picture

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

Wed, 09/14/2011 - 11:23 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

I'm a little torn here because running anything off of sunlight is a dream at best, yet sunlight does in fact bring obvious collusion out into... the light(pun intended)

So confused...

Wed, 09/14/2011 - 11:24 | Link to Comment mayhem_korner
mayhem_korner's picture

This is going nowhere.  The creditor-sacking in the GM takeover dwarfs this.

Wed, 09/14/2011 - 11:44 | Link to Comment riley martini
riley martini's picture

You are right the thefts at Fannie , Freddie and the murder of CFO Kellerman dwarfs both of those scams.

Wed, 09/14/2011 - 12:33 | Link to Comment Cpl Hicks
Cpl Hicks's picture

All of that is true. However this being late 2011 this issue is part of a narrative to deny Barry a second term.

One and done, Baby!

Wed, 09/14/2011 - 12:01 | Link to Comment I did it by Occident
I did it by Occident's picture

Yes, I do remember some subordination "irregularities" mainly to benefit union stakes, I'm sure it was mere coincidence.  Nothing to see here, move along...

Wed, 09/14/2011 - 11:24 | Link to Comment TradingJoe
TradingJoe's picture

Corruption, Theft, Manipulation, Intrusion in Personal Liberties are rampant, yet, the average american is watching some silly tv shows, well, I guess they have it comiong and who knows maybe even deserve it!

Wed, 09/14/2011 - 11:24 | Link to Comment machineh
machineh's picture

As Louis Brandeis said, 'Sunshine is the best disinfectant.'

That's why the Fed is ruled by the Sun Chairman.

Wed, 09/14/2011 - 12:53 | Link to Comment pods
pods's picture

I liked Chumba's retort to this the other day:

"Bullets are a close second."

Wed, 09/14/2011 - 11:25 | Link to Comment NotApplicable
NotApplicable's picture

I still laugh every single time I'm reminded the the WH has a Carney for a barker.

Step right up folks...

Wed, 09/14/2011 - 11:26 | Link to Comment weimdog
weimdog's picture

Listening to the hearings on CSPAN. Seems the big justification from DOE of funding Solyndra was that the Chinese are/were kicking our ass in solar development/manufacture so we HAD to throw money at US companies to make them competitive.

Oh, and the Obama admin had absolutley no influence on the timing of the loan approval...and BUSH DID IT FIRST!

Wed, 09/14/2011 - 11:28 | Link to Comment glokk26L
glokk26L's picture

Bush lied....solar died.

Something like that.....

Wed, 09/14/2011 - 11:49 | Link to Comment SheepDog-One
SheepDog-One's picture

Obama was swept in without any personal scrutiny on the basis that Bush was so terrible, and Obama will clean all that up immediately....now Obamas excuse is 'Bush did it too'? Wow how pathetic.

Wed, 09/14/2011 - 11:27 | Link to Comment adr
adr's picture

Hey oh, what you sayin about takin backdoor monies from da corps. All they sayin is you gotta give me a little graft and I'll get youze that contract you been eyeballin. Ain't no worries bout da Feds, we got dem greased. They make out, we make out, you make out, sweet deal no.

If they do come knockin we got this guy, you know. Got his name all over that paper we faked. He's the bad guy your honor, the guy holding da bag. We know nothin. We da guys being lied to, honest.

Wed, 09/14/2011 - 11:30 | Link to Comment sbenard
sbenard's picture

Solyndra execs met with Obama at the White House more than 20 times, but I'm SURE all those meetings had absolutely NOTHING to do with Solyndra receiving more than $500 million of taxpayer money. NOT!

I hope this is the nail that slams shut the coffin on the worst presidency (and that's saying something) of our era! Obama is THE most catstrophic error or our generation!

Wed, 09/14/2011 - 11:35 | Link to Comment NotApplicable
NotApplicable's picture

Likely he was in the bathroom from drinking too much iced tea.

 

Too soon?

Wed, 09/14/2011 - 11:48 | Link to Comment willien1derland
willien1derland's picture

Agreed - Its nice to know not everyone is feeling the 'Hopey/Changey' thing...

Wed, 09/14/2011 - 11:51 | Link to Comment SheepDog-One
SheepDog-One's picture

Hardly anyone is on the Hopey Changey Yes We Can bandwagon anymore- 'Anthony Weiners seat won by a republican due to Obama policy fatigue and frustration at a stagnant economy'.

Hey where'd all the green shoots go?

Wed, 09/14/2011 - 12:58 | Link to Comment karzai_luver
karzai_luver's picture

Isn't that what all the Pugs are pushing.

 

Change and new hope for the fatherland?

 

retards all.

 

You can't allow the thoughts that would give you a chance.

 

Buy BY!

 

Wed, 09/14/2011 - 11:33 | Link to Comment Everybodys All ...
Everybodys All American's picture

Why do you think Al Gore is all over the carbon tax credit industry? Clue ... Same reason. These guys are all treasonous thieves.

Wed, 09/14/2011 - 11:39 | Link to Comment willien1derland
willien1derland's picture

Somewhere in the White House the Obama Administration is reviewing the Richard Nixon 'So you tooo F*cked up & the Media knows it...How to destroy 17 minutes of tape quickly!' documents....Obama can blame Bo the Dog - he ate the tapes! (Where is that damn 'Checkers' Speech again!)

Wed, 09/14/2011 - 11:40 | Link to Comment SokPOTUS
SokPOTUS's picture

"Blackhole Sun, won't you come and wash away the rain, blackhole sun, won't you come, won't you come..."

Wed, 09/14/2011 - 12:04 | Link to Comment I did it by Occident
I did it by Occident's picture

one of my favorite bands ni my formative teenage years.  Ah, the memories...

Wed, 09/14/2011 - 11:43 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

Someone check on Abengoa Solar Inc.,

Something smells like shit.

Wed, 09/14/2011 - 12:45 | Link to Comment Raymond K Hassel
Raymond K Hassel's picture

1.2 Billion for a Spanish Company????

Wed, 09/14/2011 - 11:48 | Link to Comment cameldojo
cameldojo's picture

I was just thinking of a avator this morn.....solyndra panel with pinwheels on it. 

 

Wed, 09/14/2011 - 11:50 | Link to Comment willien1derland
willien1derland's picture

And a sign that says I Love Obama & his campaign logo!

Wed, 09/14/2011 - 14:35 | Link to Comment bread n circuses
bread n circuses's picture

solar panels on their roofs?

Must not be able to afford their own product.

Wed, 09/14/2011 - 12:00 | Link to Comment Iriestx
Iriestx's picture

Where's the famed transparency that Obama promised to bring to the White House?

Wed, 09/14/2011 - 12:19 | Link to Comment Rainman
Rainman's picture

...that was just chum for the Independent voters. Sadly, it worked pretty good too. But it can only work once.

Wed, 09/14/2011 - 14:56 | Link to Comment Cathartes Aura
Cathartes Aura's picture

the meme will still be used, and the voter-bait taken, only the "candidate" will be "new" - politics as usual.

Wed, 09/14/2011 - 12:00 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

Solargate Bitchez!

Wed, 09/14/2011 - 12:06 | Link to Comment Abiotic Oil
Abiotic Oil's picture

This will all be swept under the rug.  Look at how the admin and Holder have spun Fast & Furious, Gunwalker.

An op to undermine the 2nd Amendment that has resulted in multiple deaths of people on both sides of the border, through illegal gun sales forced to occur by ATF, and Obomba and Holder deal with it by simply ignoring it.  And are getting away with it.

This too shall pass.

All records of Solyndra are going to be stored in a building that will soon be hit by a "terrorist attack", resulting in said records destruction.

Wed, 09/14/2011 - 12:32 | Link to Comment GolfHatesMe
GolfHatesMe's picture

records will be shipped to the SEC for shredding

Wed, 09/14/2011 - 12:11 | Link to Comment Pool Shark
Pool Shark's picture

 

 

    SOLARGATE!!!

 

 

Wed, 09/14/2011 - 12:18 | Link to Comment tmosley
tmosley's picture

I prefer....STARGATE!

lol

Wed, 09/14/2011 - 12:12 | Link to Comment curbyourrisk
curbyourrisk's picture

I think someone needs to investigate the $740 million loan made to Severstall North America July of 2011 as well.

 

This company has done nothing but LOSE money with theri north american investments, and then held a firesale for half of them.

I think this is more of a construction jobs loan, as it is for....just as in Solyndra's case, a loan to build a NEW STATE OF THE ART FACILITY

 

Wed, 09/14/2011 - 14:22 | Link to Comment bread n circuses
bread n circuses's picture

nice avatar...

Wed, 09/14/2011 - 12:16 | Link to Comment Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...these bozos are the US's political reps...FUUUUUUCK!!....we are doomed!

Wed, 09/14/2011 - 12:19 | Link to Comment wang (not verified)
Wed, 09/14/2011 - 12:19 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

geez, this is fucking pathetic, anyone listening to this

 

Wed, 09/14/2011 - 12:30 | Link to Comment Cpl Hicks
Cpl Hicks's picture

I just heard a voice in the wilderness; looking for accountability.

Good luck with that.

Wed, 09/14/2011 - 12:24 | Link to Comment mr1963
mr1963's picture

Is the government now selling advertising, I can't make it out but all those coffee cups seem to be turned towards the cameras...

Wed, 09/14/2011 - 12:26 | Link to Comment wang (not verified)
Wed, 09/14/2011 - 12:38 | Link to Comment PulauHantu29
PulauHantu29's picture

Warm & Cuddly is how I feel knowing how our money is being embezzled......

...warm and cuddly....

Wed, 09/14/2011 - 14:14 | Link to Comment The Laughing Man
The Laughing Man's picture

We might as well take that $1.2 billion, put it in a suitcase, and throw it into the sun. At least that way it'd actually produce some energy.

Wed, 09/14/2011 - 16:19 | Link to Comment MsCreant
MsCreant's picture

Er, Uh, technically not. The energy to get it into the sun exceedes the energy...oh, nevermind.

Wed, 09/14/2011 - 19:40 | Link to Comment sullymandias
sullymandias's picture

i get gobbledygook like this every time there's embedded video in a post. browser is Chrome 13.0.782.220. same with Firefox 6.0.2. OS is Ubuntu 11.04.

#ffffff; display: block; color: #000000; font-weight: normal; font-size: 10px; text-decoration: underline; text-align: center;">Live Video streaming by Ustream

Thu, 09/15/2011 - 01:35 | Link to Comment The Heart
The Heart's picture

INTERESTING STORY IN THE CHINESE NEWS.

White House denies rushing loan to company went bankrupt:

http://news.xinhuanet.com/english2010/world/2011-09/15/c_131138900.htm

Do NOT follow this link or you will be banned from the site!