Another Solar Energy Money Pit

The American people are tired,…really tired of politicians on one hand wasting our taxpayer dollars and on the other hand getting rich while serving as our elected representatives. So the People can’t be blamed for initially looking at practically any government expenditure without a jaded set of eyeballs. Especially when it comes to the Obama Administration,…….and when Harry Reid or Nancy Pelosi’s names come up, it further raises suspicion.

There is an internet story being circulated through e-mail about yet another Solar Company getting Federal Funds. It comes across like this:

The Solar thing just got a little more interesting.......REALLY!

The Tonopah Solar Company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.

The project will produce a 110 megawatt power system and employ 45 permanent workers.

That's costing us just $16 million per job.

One of the investment partners in this endeavor is Pacific Corporate Group (PCG).

The PCG executive director is Ron Pelosi who is the brother to Nancy 's husband.

Liberal – Left Wing apology groups have been trying to “correct’ this by stating that the Federal Funds arwe a “Loan Gaurantee” as opposed to a monetary grant. The Federal Government (meaning the taxpayers) will only be the hook for $757 million if the company defaults or goes bankrupt. Not much chance of that, is there!

Obama (and Pelosi) supporters continue that Ronald Pelosi (Nan’s brother in law) will not personally profit from this expansion by Tonopah Solar and Nancy is quoted as saying she “is not familiar with this loan guarantee”,.....sort of like her not being familiar with Obamacare,.....”we have to pass the bill in order to find out what’s in it.”

Obama Loves George Soros

An article on Townhall by Michelle Malkin, entitled "Obama's Exclusive George Soros Waivers". Read the entire article here: Townhall/MMalkin/Soros-Obama

"Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros."

For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love to the world's most famous hedge-fund mogul. The feeling is mutual and deep(as in deep-pocketed).

Soros and his family shelled out $250,000 for Obama's inauguration, $60,000 in direct campaign contributions and untold millions more to liberal activist groups pushing the White House agenda. While the class warrior-in-chief assails conniving financiers who exploit loopholes and corporate titans who imperil the planet, he lets the Soros exemptions to his attack-the-rich rules slide like butter on a hot plate.

This week, for example, Soros announced he was "quitting" the hedge-fund industry. The headlines emphasized his decision to return about $750 million to outside investors (a drop in his $30 billion bucket of personal wealth). He's reconstituting the business that landed him on Forbes magazine's "wealthiest people" list as a "family" interest. But the move has "self-serving politics" written all over it.

Over the past year, Soros provided coveted support for Obama and the Democrats' Byzantine financial "reforms" under the sweeping Dodd-Frank law. He preached to financial publications around the world about the need for increased regulatory controls over his industry. And in November 2008, while paying obligatory lip service to concerns about going too far, he submitted a statement to the House Committee on Oversight and Government Reform that recommended: "The entire regulatory framework needs to be reconsidered, and hedge funds need to be regulated within that framework."

Frameworks for thee, but not for he, however.

Somehow, in touting its one-year anniversary last week, there was nary a peep about the myriad loopholes and defacto waivers being granted to Obama's powerful benefactors whose names start with "S" and end in "-oros."