So What Did the President Know and When Did He Know It?

Source

Or Does He Really Know Anything at All?

Revised: October 3, 2011

Mr. Obama has numerous pet projects and favorite groups he loves to give taxpayer money to. Among many of these such groups are his "green" hand-outs. Green companies seems to be tops on his list. Apparently he can be careless with people's hard-earned money because it doesn’t seem to matter if these “green” companies are on the verge of bankruptcy when he doles out all of that money that isn't his.

We all know about the Solyndra scandal. Mr. Obama, this genius legal mind who was extoled by the left as practically being the next Messiah, couldn’t pick even one person on his staff or in his administration who was capable of determining that Solyndra was – as The Wall Street Journal puts it, “hemorrhaging money”?

I can just picture Barry in the Oval Office.

[Staring at flash cards spread out, face up on a the desk with names of “green” companies in bold letters. He quickly shuffles them and out of the pile pulls out three cards.]

“Eeenie meanie miney moe, catch a greenie by the toe! I choose you and you and you!”

An aide takes the three cards, “So these are the companies who get some of the stimulus money Mr. President?”

“You betcha!” is his immediate reply.

It is the only way to explain how in the sam hill a company like Solyndra received a dime of taxpayer money no less a half billion dollars. What did Mr. Obama know? Did he know any of this? When did he realize this was a bone headed idea? Or is he still unaware of this fact?

Recently, the WSJ had at least two very revealing articles about the…shall we say, stupid business plan of Solyndra. The list of what went wrong is long, but there was one glaring mega problem that even a blind man could have determined quite easily.

Despite the fact Solyndra’s process of making solar panels cost them approximately $4.00 (due to an element needed that became overpriced in China), these panels could only be sold for oh, about a buck-fifty.

In their infinite wisdom, the Obama political machine quite simply ignored this minor problem and handed over approximately $500 million of the so-called stimulus money that didn’t stimulate anything except the pockets of special friends of Obama and Biden.

Now, either this administration knew this—think of the implications—or no one in this brilliant Hopey Changey Circus had the smarts enough to use basic bookkeeping and figure something like, ‘Gee, maybe this isn’t such a good business plan that Solyndra has after all…”

As the WSJ implies—that taxpayer give-away very well could have put grease to the skids of Solyndra’s bankruptcy. Because instead of figuring out another way to manufacture those solar panels cheaply so as to stay afloat, the CEO ignored their “minor” problem and decided they needed a bigger warehouse.

You can’t make this stuff up folks…


Could this have been just another photo op for Mr. Obama? Was he hoping to give Solyndra the money and they would build a big warehouse so that he could go back and cut the ribbon and say, “See! 200 jobs created”?

Otherwise what the CEO did with the stimulus money makes absolutely no sense.

Am I to understand he didn’t try to fix the bottom line problem he just wanted to build a bigger warehouse to make overpriced solar panels that he couldn’t possibly sell for even 1/3 as much as it cost to make them? Seriously?

Who does this? What lending institution "loans" that kind of money to a company hemorrhaging millions each month - without even asking for a business plan to correct this?

[Slaps forehead] OH! It’s the Bank of Obama! It’s Obama money that does this! That’s right, I forgot!

I heard President Obama from his own mouth say “20/20 hindsight” as in – well – of course when one looks back upon what happened it doesn’t seem like a good idea, but it seemed like a good idea at the time.

Really? Are you kidding me?

A grand idea Mr. Obama you smarty pants! So then answer me this, why did the Bush administration look into this exact same company with the exact same problems just before you sat on your throne and shelved the idea of giving this company any money?

Here’s the real kicker to this story. Let’s just go into that world of pretend, where The Teleprompter in Chief apparently spends an enormous amount of time, and let’s imagine that the CEO of Solyndra was able to magically come up with a fix for the solar panel cost during production. Let’s also imagine that the new bought-with-stimulus warehouse that ended up being abandoned after only being partially built, was finished and those 200 new jobs were created and on a pretty sunny day, there was that whole ribbon-cutting thing going on.

Even if all of that actually happened in real life instead of Mr. Obama’s fertile imagination, a teeny problem still arises.

There is no cost effective way to store any of the solar energy that these solar panels would "save." In other words - they'd only work in super sunny environments and only if the sun never set.

In any areas where the sun doesn't shine for long winters - the need is to store the energy these solar panels will obtain so that it can be used when the sun isn’t shining. But, there isn't the technology (yet) to store the solar energy on a scale and that would be efficient enough to run homes in areas that have extended periods with little to no sunshine. Think Lansing, Michigan say oh—between December and March…

[balls hands into fists at her side] Are you kidding me?!

What did the President know? Was it before he handed over the money? Or was it after he gave our money away? When did he know that Solyndra, the company that listed the Democratic Party as one of their lenders on the bankruptcy papers BTW-was not such a super duper “investment” of people’s hard-earned money?

[balls fists up at her sides again and stomps from the room muttering arrrrrrgggggg…]

*****Vote Herman Cain 2012. We need an adult with common sense, morals, a great work ethic and the smarts the good Lord gave him, in charge!

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Comments 40 comments

Old Poolman profile image

Old Poolman 4 years ago from Rural Arizona

I don't think we have heard the end of this one yet. It all depends on how well they do with the cover-up. Now that the FBI has raided the joint and seized all of the computers and paper records, not much will be available for those who investigate this mess. Most everything they need to do a thorough investigation is now under control of the Government.

I think this was just more Chicago Style Politics, paying off favors with taxpayer dollars.


sheila b. profile image

sheila b. 4 years ago

Months ago I went searching for the answer to my question: What is a green job? What I discovered is there's really no such thing - it's all a sham. Now we learn about solyndra - the same thing. This administration cares about one thing - spending taxpayers money until America goes under. Everything 'green' is part of that plan.

And I agree with you about Herman Cain. I've been looking for someone who knows what's going on in Washington, and I think Cain is learning fast.


cjv123 profile image

cjv123 4 years ago from Michigan Author

Poolman - I think you're right -- and I hope that someone with guts in Washington gets to the bottom of this because this is absolutely disgusting. I hope they will try to cover the whole thing up and then they'll get thrown in jail for the cover-up and send the President packing before the next election.


cjv123 profile image

cjv123 4 years ago from Michigan Author

I haven't really gotten behind anyone, but win or lose, I think I'm behind/backing Herman Cain. I think he can kick butt and take numbers and REALLY clean out Washington - if his family can take the vilification from the media - I just pray they can.


MonetteforJack profile image

MonetteforJack 4 years ago from Tuckerton, NJ

I agree with Poolman -- it is Chicago-style politics. Obama knew about it all before, during and after. In the interview he had yesterday, he said "I didn't care." Yeah, right ... He didn't care because it wasn't his money that he squandered away. I guess all he care was, paying back those powers behind him who got him elected into office. I am astounded how he can have the nerve, him and his cohorts -- Geithner and even Holder -- say, they weren't informed. Their answer is "I don't know" whenever they're questioned about stuff. Like, the people are fools?

Oh, thanks for the hub cjv123! Voted up, useful and interesting. Really, it is!


cjv123 profile image

cjv123 4 years ago from Michigan Author

Thanks Jack - your comments have added to this conversation and I happen to agree with everything you've said as well. Thanks for stopping by!


caltex profile image

caltex 4 years ago

Carol, it's just so difficult to justify any increase in taxes when we see all this. Our hard-earned money just being squandered. Well, despite Solyndra... just late last week, the DOE approved a $737M green jobs loan guarantee to SolarReserve. I don't know if it's just coincidence or what - Ronald Pelosi (Nancy's bro-in-law) is the #2 guy of one of the investment partners, PCG Clean Energy & Technology Fund. For our sake, let's hope this one does not go bellyhop! Or that's more of our money going up in smoke.

Voted up and all! Thanks for writing about it.


cjv123 profile image

cjv123 4 years ago from Michigan Author

Caltex - I didn't know any details about the other companies that loans were approved for. Great - Pelosi gets her brother a kick-back. Gee - maybe I'm a little fuzzy here - but isn't that against the law??? I just don't know how they get away with it!!! It is absolutely maddening! Thanks for the information and for stopping by.


caltex profile image

caltex 4 years ago

Carol, you and I would think this is headline-making news, but this seems to be one of those things our MSM would rather not make a big deal out of. With so many people getting away with so many illegal things nowadays, I don't know what's against the law anymore, to be honest.


cjv123 profile image

cjv123 4 years ago from Michigan Author

With the justice department we have, it's not wonder. They are a bunch of renegade thugs with their own private, racist agenda. It's no wonder this is well under the radar. And this is just one teensy example - it's rampant within this administration. I will say this though - while I believe the Obama administration is THE most corrupt - this kind of corruption isn't confined to only the Democrats. Republicans have done this kind of crap for decades and longer as well - and I for one say it's time to STOP IT.


breakfastpop profile image

breakfastpop 4 years ago

Every single employee in the company knew that the company was in trouble for a long time. The panels were piling up in space they had nearby. This loan was payback for supporting Obama, plain and simple. Up and awesome and very interesting.


cjv123 profile image

cjv123 4 years ago from Michigan Author

Your thoughts are always appreciated Pop!


Old Poolman profile image

Old Poolman 4 years ago from Rural Arizona

Try to find out who ordered the FBI raid that seized all the computers and records, and you will most likely hit a brick wall. How convenient could this be for those who have something to fear from an investigation?


wba108@yahoo.com profile image

wba108@yahoo.com 4 years ago from upstate, NY

It isn't constitutional for the government to give loans for innovations, this is an abuse of the "general welfare clause", because certain industries or even companies benifit while others do not.

Giving a company a half a billion dollars of federal money is an outrage in itself, but knowing the presidents relationship with the company should make it a criminal offense.-Regards-WBA


cjv123 profile image

cjv123 4 years ago from Michigan Author

Poolman - who did order the FBI raid? Who do you think did? Did you find out something on that? If you did - would you share?


cjv123 profile image

cjv123 4 years ago from Michigan Author

WBS - you got me! You're right! I read that part of the Constitution wrong - in section 8 I thought that the section that read: "...To Promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries..." meant to loan these endeavors money. But I read it wrong! That's a reference to patents and trademarks I believe. Way to go!! I love Conservatives - they don't take anyone's word for it! I'm going to have to write a correction above! GOOD WORK WBA!!!


SheriSapp profile image

SheriSapp 4 years ago from West Virginia

Carol,

Love your hub and love your sarcasm. I have been wondering for quite some time where the SMART folks in this administration are hiding. More and more, I am concluding that there are NO smart folks to be found in BO's inner circle!


cjv123 profile image

cjv123 4 years ago from Michigan Author

You are very kind Sheri - to me - and very truthful about Barry and his henchmen and women! Thanks for stopping by it's always such a pleasure "chatting" with you!


Old Poolman profile image

Old Poolman 4 years ago from Rural Arizona

cjv123 - If I did know who ordered the FBI raid, I would put their name in capital letters, but I don't. Unfortunately, I don't even know who has enough clout to make this happen. The President and of course Eric Holder could order this, or perhaps even the director of the FBI. Other than those three, I could not even guess, but someone had to do it.


cjv123 profile image

cjv123 4 years ago from Michigan Author

Which (for me) begs the question - why would they call a "raid" - Holder/Obama indirectly - on their "buddies?" Did all their friends flee the company so they just wanted to make a show of actually administering some justice? Did they have a falling out? It doesn't seem to make sense to me Poolman, what are your thoughts?


Old Poolman profile image

Old Poolman 4 years ago from Rural Arizona

Me thinks it was a way to hide all the incriminating evidence from those who will be asked to investigate this crime.


cjv123 profile image

cjv123 4 years ago from Michigan Author

Hmmmm...as in - they get their hands on all the evidence - eh? Pretty smart actually - pretty devious - but then - I'd expect nothing less sinister from this admin...


Nick Lucas 4 years ago

Good Hub! I will make some assertions now that many will find comical and think I am crazy for deriving but look at how Mr. Obama is campaigning and behaving. Many of his recent comments and speeches have only served to shoot him in the foot. Therefore, you must ask yourself is it possible he knows he will not be reelected and does not want to be unless it was based on his own agenda. Also, Solyndra and other companies could go bankrupt after receiving the money but be funneling it for a different purpose and thus hiding it; money laundering of tax payer dollars. Also, if Obama does not plan on a 2nd term then he could very well be raising more money than he will spend to use for other activities once he is out. You may have heard that Obama’s buddy Van Jones is behind the current civil unrest forming or protest. If you put it all together there is obviously something far greater than meets the eye going on here.


cjv123 profile image

cjv123 4 years ago from Michigan Author

I don't think you're crazy at all Nick - maybe that makes ME crazy -- but what you write isn't that far off the mark. I don't think he know he won't be elected - but I believe he knows at this point in time it looks like he probably won't be (and in politics, a year is a long, long time) so therefore he's hedging his bets and preparing for a one term - likely at this point - so as to launder money for other socialistic/communistic projects. Very well thought out and an interesting take!


Nick Lucas 4 years ago

I would love to see external forensic accountants audit the solyndra deal and others to follow the money.......I would look at when the new facility was built in accordance to the money given to them and when the actual plans and payments were issued for the building as anyone familiar with construction knows plans and the allocation of funds takes place way before the actual building so in that case I would want to see where the money was spent....every last dollar....as we all know many in the private sector go bankrupt to protect the assets they do have........in a bankruptcy proceeding, I know from personal experience, that venture capitalist find a way to conceal the money before going to court for the bankruptcy


cjv123 profile image

cjv123 4 years ago from Michigan Author

I'm no accountant - but everything you say is SO true Nick - of COURSE they saw the writing on the wall. Of COURSE the big guy fat-cats of Solyndra hid some money for themselves and probably more in a special type of untraceable account so that they could fund civil unrest for future socialistic endeavors. And some...it's absolutely disgusting...It's like the fox watching the hen house for crying out loud. Who will put these jerks in jail?!?!


Old Poolman profile image

Old Poolman 4 years ago from Rural Arizona

Throughout history, many defeated leaders have burned the village on their way out of town. They also manage to pocket much of the available gold before they leave. Does history really repeat itself? You bet it does.


Nick Lucas 4 years ago

it is so crazy I cant help but LOL.......jail would be too nice....I think they need to be introduced to the new aquatic sport of water boarding in the sunny carribean......this like the fast and furious scandal will be washed away like so many bad and even evil things that take place in this world....the way I look at it; we can only do what we can do and then the Book has already been written and we know eventually how it will end......


Wayne Brown profile image

Wayne Brown 4 years ago from Texas

Unfortunately the sold out media will never keep the issue alive long enough to get answers. I am sure Richard Nixon would have loved to have had his Watergate in this era of press coverage. But then again, Nixon was a conservative so they would probably still go after him. At the top of its game, Solyndra had annual sales of about $140 million dollars...gross before the bills were paid. You can pretty much figure 70 to 75% of that went to payroll and benefits leaving only 25 to 30% to cover other expenses and provide a margin. The company claimed to have over 1,000 customer installations...sounds impressive, but think about it,that was in the global market. Apparently there was more opportunity for sales in Europe than in present day USA due to consideration of long-term payoff of the solar panel. At the same time, Solyndra produced a round tube element to collect the light as opposed to a flat panel made up of multiple cells. Given that there was less surface area, the elements did not compete with the efficiency of the flat panel which was suppose to be more expensive to make. Enter the Chinese who quickly solved the flat panel expense issue and jumped into the global market with very afford flat panels and the jig was up. What bank do you know that will lend you $500+ million dollars on annual sales of $140 million? Obama and his crowd never so much as looked at it from that angle. They were too in love with the romance of the concept to get involved in the detail of the accounting. Liberals lose sight of the fact that a product must have a market before it can come to market or it is simply doomed to failure. Green concepts have their place but the market is simply not there yet nor are the products themselves in the end. As in other arenas,there are always a few wolves hanging around ready to make their money off of the fools who wander by...this was another case of it and we really have no one to blame but the Administration who passed out our money like candy to children. WB


cjv123 profile image

cjv123 4 years ago from Michigan Author

Thanks so much Wayne for your input. I had heard that the materials Solyndra used were in part, only found in China. The Chinese raised the cost of the materials to a ridiculous high - no doubt to make and manufacturer the panels themselves - but Solyndra didn't change their business plan. They just kept making these panels at a crazy loss knowing they couldn't sell them for even close to a profit. I hope that someone's head is going to roll so the next fat cat political crook who tries to do this again will think twice about it. This needs to be painful - on the scale of Watergate - something no one will ever forget. But like you - I'm not going to hold my breath...


Harvey Stelman profile image

Harvey Stelman 4 years ago from Illinois

Carol, you pretty lady.

In Chicago anyone with a brain knows Barry has knowledge of everything from the start.

I would like to know what Barry's net worth is when he leaves office. H


cjv123 profile image

cjv123 4 years ago from Michigan Author

If you think Barry and Michele are going to hand over their IRS statement - we all need to think again...we'll never know - but he'll be worth multi-millions.


Wayne Brown profile image

Wayne Brown 4 years ago from Texas

George Soros will see to it that Obama never needs to work again...why do you think they both voluntarily gave up their law license? Oh yeah! WB


WillStarr profile image

WillStarr 4 years ago from Phoenix, Arizona

Unless Obama's staff is composed of complete idiots, he will be able to distance himself from direct blame. But the people are not stupid, and it's showing up in his poll numbers. This too will hurt him.


htodd profile image

htodd 4 years ago from United States

Great post!


LALLEN2855 profile image

LALLEN2855 4 years ago from Madison, Alabma

If we are waiting on the MSM to even scratch the surface of this scandal (or any Obama scandal)...we may as well pick out our caskets. The media loves to gobble up his every word in spite of the fact that his promises have been proven to be unfulfilled and his leadership lacking. I used to wonder how on earth Hitler could fool almost the entire German population. Well now I understand.


cjv123 profile image

cjv123 4 years ago from Michigan Author

Wayne - I knew Obama - and Michelle for that matter (but with Michelle it looks like she had to due to illegal behavior) but I didn't know Soros did too. Hmmmm interesting...and I'm betting you're absolutely right - Soros has plenty to set up both Barry and Michelle for life...


cjv123 profile image

cjv123 4 years ago from Michigan Author

Will - I can only pray you're right! I hate to say it, but I rejoice every single time I hear his "approval" (as if anyone with a brain could be approving of him at this point) ratings sink lower and lower! lol


cjv123 profile image

cjv123 4 years ago from Michigan Author

Thanks Htod!


cjv123 profile image

cjv123 4 years ago from Michigan Author

You know what Lallen - I wondered that too. When my husband was stationed in Germany, it was in the early 80's before the wall fell. It was so "real" there - I lived amongst the German people and I was astounded, "How could this entire country have allowed this to happen?!" Then Obama was elected...so I know exactly what you mean!

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