Tuesday, October 18, 2011

Missing the Solyndra issue

I listened to Darrel Issa (R-CA, heads up some oversight committee in congress making sure government corruption doesn't get TOTALLY out of hand) about Solyndra, and also a couple other pundits talking about it. And it occurs to me that people -- especially congresscritters -- are missing the key issue about Solyndra.

Seems to me that many other people are ticked off about the feds "picking winners and losers," and Solyndra -- a company set up to produce solar panels -- came in as a definite loser.

But that's not the point. Unlike myself and many others, Issa isn't concerned about the feds "investing" in private industry, or "fostering growth" as they like to pretend.

No, the real issue about Solyndra is that that company was tottering on the brink of bankruptcy when the Comrade gave it something like $527 million dollars. Wasn't that just shortly before Solyndra declared bankruptcy? I mean, at the time, nobody had much hope for that company's continued existence.

See, the money was never intended to support Solyndra and/or ensure its existence. The money was intended -- and apparently was used -- to pay back the company's key investors before it declared bankruptcy and ran out on its creditors. Think very high-level money laundering.

And, curiously enough, one of the key investors in Solyndra is a dem "bundler." That is, he raises funds from a number of different donors, then bundles them up and doles them out to whichever politician he deems "worthy" of them.

He gave a whole pile of money to the Comrade.

See how that works?

Maybe the Wall Street Owies should ponder on Solyndra for a while if they want something to really whine about.

It just amazes me how the Comrade manages to pilfer money out of the public treasury to support his campaigns. Often taking a round-about route, like running it throught the unions first, or some other leech organization. Give the money, jobs, contracts to them, they turn around and donate it to the Comrade. Who ends up footing the bill? You guessed it.

What I find stupefying, though, is that the Comrade is so ready to kill the goose that lays the golden eggs. Once he destroys the middle class and strips the rich of everything, he'll have no place else to go. No one else to rob. He's not thinking far enough ahead.

That's it for right now.

Save the Republic.

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