Wednesday, September 14, 2011

Bush passed on investing your money in Solyndra. Obama, however, was smarter....

..and pumped over half a billion of your money into this fledgling "green" company, which has now gone bankrupt and left you on the hook for the balance.

Of course, Bush the Idiot was merely a businessman in the energy field, while Barack the Genius once taught Constitutional Law (insert reverent sigh here):

Newly uncovered emails show the White House closely monitored the Energy Department's deliberations over a $535 million government loan to Solyndra, the politically-connected solar energy firm that recently went bankrupt and is now the subject of a criminal investigation.

"This is not right. This is not good," said Rep. Fred Upton, R-Mich., who chairs the House committee that is examining the loan. "It makes you sick to your stomach. This is taxpayer money."

The White House also noted to ABC News that the Bush administration was the first to consider Solyndra's application and that some executives at the company have a history of donating to Republicans. The results of the Congressional probe shared Tuesday with ABC News show that less than two weeks before President Bush left office, on January 9, 2009, the Energy Department's credit committee made a unanimous decision not to offer a loan commitment to Solyndra.

Did the White House think pointing to the fact that the Bush administration considered - and then rejected - the same application that Obama eagerly accepted to the tune of $537 million in taxpayer cash somehow paints them in a better light?

Seems to me it just illuminates that much more clearly how cavalier, and reckless,  Barack Obama and the Democrats are with money - especially when it is someone else's money.

Any surprise that nobody wants to pay taxes any more, and are ready to take up arms at the mere mention of additional hikes?  Giving Barack Obama more money to play with is like investing with Bernie Madoff... after the Ponzi scheme came apart....

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