"Frogwatch" wrote in message
...

Barron's reportson Solyndra, the solar company backed by the gov with
over half a billion dollars in stimulus money:
"One of Solyndra's biggest stakeholders is Argonaut Ventures I. Its
majority owner is Oklahoma oil billionaire George Kaiser, who was a
"bundler"of campaign funds for the Obama-Biden campaign. This means he
collected contributions and sent them en masse to the candidates.
Kaiser e-mailed us an emphatic "NO" when we asked if he played any
role in the pursuit of the loan guarantees.

In November, Chu appointed venture capitalist Jonathan Silver to
oversee the DOE's loan guarantee program and its Advanced Technology
Vehicles Manufacturing Loan Program. Silver had been a managing
partner at Core Capital Partners in Washington. Coincidentally, one of
his colleagues there was Tom Wheeler, another Obama-Biden fund
bundler. Silver is supposed to help Chu accelerate loan reviews.
According to a November press release, "Silver will be responsible for
staffing the programs, and leading origination, analysis, and
negotiation, as well as managing the full range of the Department's
alternative energy investments." The DOE said Silver was unavailable
for comment."
Basically, almost all of the stimulus money (about 787 billion
dollars) went directly into the pockets of Obama cronies but these
fools are not even able to do crony crapitalism well as Solyndra has
gone bankrupt. That $500 million woulda got a lot of real jobs if the
money was in the hands of the people who paid the taxes.


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Yesterday the guy with the next building said, they should have used the
money to improve their business, instead of building a new, extravagant
building. Problem over the years in the Silicon Valley of show over
meaning.