And Obama's wasting of our hard-earned income:
White House pressed on $500 million loan to solar company now under investigationI'm wondering, has anyone in the press asked our president for an apology for wasting our money on this half-baked scheme? Has anyone asked him to pay us back out of his pocket?
By Joe Stephens and Carol D. Leonnig, Washington Post
The Obama White House tried to rush federal reviewers for a decision on a nearly half-billion-dollar loan to the solar-panel manufacturer Solyndra so Vice President Biden could announce the approval at a September 2009 groundbreaking for the company’s factory, newly obtained e-mails show.
The Silicon Valley company, a centerpiece in President Obama’s initiative to develop clean energy technologies, had been tentatively approved for the loan by the Energy Department but was awaiting a final financial review by the Office of Management and Budget.
The August 2009 e-mails, released to The Washington Post, show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to information provided by Republican congressional investigators.
Solyndra collapsed two weeks ago, leaving taxpayers liable for the $535 million loan. [link]
Too bad. He needs to be taught a lesson.
Taking our money at gunpoint is bad enough. Blowing it on pipe dreams like "alternative energy" is unforgivable.