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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:

Live Video streaming by Ustream

 

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Wed, 09/14/2011 - 11:14 | 1668613 Jeff Lebowski
Jeff Lebowski's picture

Bullish for Chinese solars!

Wed, 09/14/2011 - 11:20 | 1668640 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 | 1668652 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 | 1668678 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 | 1668734 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 | 1668804 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 | 1668825 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 | 1668847 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 | 1668881 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 | 1669143 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 | 1669659 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 | 1668864 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 | 1669306 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 | 1668841 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 | 1668702 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 | 1668837 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 | 1668886 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 | 1668988 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 | 1668928 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 | 1669146 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 | 1668797 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 | 1668960 trav7777
trav7777's picture

I think he said nigger

Wed, 09/14/2011 - 12:21 | 1668895 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 | 1668724 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 | 1668754 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 | 1668776 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 | 1668813 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 | 1668814 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 | 1668967 trav7777
trav7777's picture

you are a tour de force of logical fallacies

Wed, 09/14/2011 - 12:40 | 1668986 tmosley
tmosley's picture

You are a complete and total failure in every arena.

Wed, 09/14/2011 - 13:29 | 1669273 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 | 1669380 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 | 1669509 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 | 1669669 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 | 1670056 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 | 1668829 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 | 1668913 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 | 1668992 tmosley
tmosley's picture

So now you are admitting that JPM is short silver?

fucking lol

Wed, 09/14/2011 - 12:52 | 1669045 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 | 1669022 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 | 1669198 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 | 1669498 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 | 1668946 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 | 1668975 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 | 1668779 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 | 1668718 snowball777
snowball777's picture

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

Wed, 09/14/2011 - 11:17 | 1668625 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 | 1668692 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 | 1668741 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 | 1668855 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 | 1668956 gmrpeabody
gmrpeabody's picture

Good call, Bugs.

Wed, 09/14/2011 - 12:13 | 1668861 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 | 1668909 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 | 1669004 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 | 1669042 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 | 1670145 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 | 1669020 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 | 1669053 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 | 1669641 Screwball
Screwball's picture

Like dates, sure will.

Wed, 09/14/2011 - 15:42 | 1669985 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 | 1668705 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 | 1668710 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 | 1668808 wang (not verified)
wang's picture

Long_John

 

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

http://investing.businessweek.com/research/stocks/private/person.asp?per...

Wed, 09/14/2011 - 11:17 | 1668627 pods
pods's picture

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

pods

Wed, 09/14/2011 - 11:19 | 1668638 malikai
malikai's picture

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

Wed, 09/14/2011 - 11:30 | 1668698 DirtMerchant
DirtMerchant's picture

or evidence destruction, whichever provides his boss with plausible deniability

 

Wed, 09/14/2011 - 12:39 | 1668983 gmrpeabody
gmrpeabody's picture

Bingo...

I am becoming very cynical.

Wed, 09/14/2011 - 11:19 | 1668629 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 | 1668759 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 | 1668631 buzzsaw99
buzzsaw99's picture

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

Wed, 09/14/2011 - 11:43 | 1668748 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 | 1668793 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 | 1668632 LongSoupLine
LongSoupLine's picture

double peace symbols getting on plane...bitchez

Wed, 09/14/2011 - 11:18 | 1668633 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 | 1668650 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 | 1668707 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 | 1668737 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 | 1668783 greyghost
greyghost's picture

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

Wed, 09/14/2011 - 12:30 | 1668945 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 | 1668768 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 | 1668951 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 | 1672022 Whalley World
Whalley World's picture

Ahhh, the old Red Pill Blue Pill dilemma.

Wed, 09/14/2011 - 11:20 | 1668639 Capitalist10
Capitalist10's picture

Follow the money.

Wed, 09/14/2011 - 11:22 | 1668644 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 | 1668645 Stormtower
Stormtower's picture

The most corrupt administration in this nations history.

Wed, 09/14/2011 - 11:23 | 1668656 buzzsaw99
buzzsaw99's picture

buy the new gm stock and shut up about it.

Wed, 09/14/2011 - 11:27 | 1668680 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 | 1668681 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 | 1668665 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 | 1668764 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 | 1668677 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 | 1668684 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 | 1668708 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 | 1669531 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 | 1668711 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 | 1668807 Gene Parmesan
Gene Parmesan's picture

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

Wed, 09/14/2011 - 11:22 | 1668646 Cognitive Dissonance
Cognitive Dissonance's picture

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

Wed, 09/14/2011 - 12:03 | 1668821 wang (not verified)
wang's picture

it's not nice to speak ill of the banned

Wed, 09/14/2011 - 11:22 | 1668648 tmosley
tmosley's picture

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

Wed, 09/14/2011 - 11:23 | 1668659 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 | 1668662 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 | 1668755 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 | 1668957 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 | 1668815 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 | 1668667 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 | 1668668 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 | 1669052 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 | 1668671 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 | 1668676 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 | 1668693 glokk26L
glokk26L's picture

Bush lied....solar died.

Something like that.....

Wed, 09/14/2011 - 11:49 | 1668775 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 | 1668685 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 | 1668703 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 | 1668722 NotApplicable
NotApplicable's picture

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

 

Too soon?

Wed, 09/14/2011 - 11:48 | 1668771 willien1derland
willien1derland's picture

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

Wed, 09/14/2011 - 11:51 | 1668780 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 | 1669072 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 | 1668717 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 | 1668735 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 | 1668738 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 | 1668824 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 | 1668751 Cone of Uncertainty
Cone of Uncertainty's picture

Someone check on Abengoa Solar Inc.,

Something smells like shit.

Wed, 09/14/2011 - 12:45 | 1669010 Raymond K Hassel
Raymond K Hassel's picture

1.2 Billion for a Spanish Company????

Wed, 09/14/2011 - 11:48 | 1668770 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 | 1668778 willien1derland
willien1derland's picture

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

Wed, 09/14/2011 - 14:35 | 1669639 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 | 1668809 Iriestx
Iriestx's picture

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

Wed, 09/14/2011 - 12:19 | 1668889 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 | 1669741 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 | 1668811 Awakened Sheeple
Awakened Sheeple's picture

Solargate Bitchez!

Wed, 09/14/2011 - 12:06 | 1668827 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 | 1668954 GolfHatesMe
GolfHatesMe's picture

records will be shipped to the SEC for shredding

Wed, 09/14/2011 - 12:11 | 1668848 Pool Shark
Pool Shark's picture

 

 

    SOLARGATE!!!

 

 

Wed, 09/14/2011 - 12:18 | 1668885 tmosley
tmosley's picture

I prefer....STARGATE!

lol

Wed, 09/14/2011 - 12:12 | 1668858 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 | 1669582 bread n circuses
bread n circuses's picture

nice avatar...

Wed, 09/14/2011 - 12:16 | 1668878 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 | 1668893 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 | 1668949 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 | 1668918 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 | 1668933 wang (not verified)
wang's picture

witness requests a five minute break

I always thought they used a flask

Wed, 09/14/2011 - 12:38 | 1668979 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 | 1669527 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 | 1670174 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 | 1671039 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 | 1672066 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!