The black cloud of the Obama 3
Big time Democratic donor Philip Falcone of Harbinger Hedge Fund
Obama’s troubles are beginning to pile up…and the timing couldn’t be more perfect for Republicans coming into the 2012 elections(and I’m not even talking about this miserable economy). 3 very shady newsworthy scandals involving the Obama White House are slowly creeping into the news. Of course, they aren’t in the news as much as they should be but people are beginning to know some of the criminal activity that makes up the day to day schedule of this White House. I thought I would do a brief summary of the 3 “biggies” and do follow up posts when new details are learned.
So…here goes
1. Fast and Furious: Most everyone is familiar with this one. It’s the ATF “sting” operation in which assault weapons were knowingly sold to violent Mexican drug cartel members with the intent of tracking these guns into Mexico to catch higher ups in the cartel world. The problem is that most of these assault weapons have disappeared into the underworld of Mexican crime and are showing up at violent crime scenes…including the murder of Border Patrol Agent Brian Terry. This little scandal involves the ATF, FBI, DEA, Border Patrol and the Department of Homeland Security…..all under the watchful eye of the Department of Justice. I do not believe that Obama will be implicated in this one because Eric Holder is the front-man and Obama will be protected at all cost. Just my opinion.
2. Solyndra: This one has been getting a lot of press lately. Solyndra is a California based company that makes solar panels. Obama made it the poster-child for his green jobs initiative and publicly touted it’s huge potential to not only advance the movement towards solar power but also the benefit of creating more jobs. So..what’s the problem you ask? Solyndra was doomed from the beginning and was in serious financial trouble before the White House granted it a $535 million loan guarantee (through the Stimulus legislation). The problem with Solyndra is that it’s new solar panels (which are cylindrical and supposedly lighter and easier to install) are very expensive to make and thus are more expensive to buy so consumers are continuing to buy the cheaper flat panels….which work just as well. Solyndra was never ever ever going to be profitable and the White House was warned about this but still continued to push for stimulus money. Solyndra filed for bankruptcy on September 6th…leaving the American taxpayer with a $535 million dollar tab. Oh….and one more thing….the primary shareholder in Solyndra is The George Kaiser Family Foundation. George Kaiser is a rather large campaign fundraiser for Obama and has visited the White House 16 times since 2009. What a coincidence.
3. Lightsquared: So far…there has been very little press about this one and details are still emerging. Lightsquared is a company that is involved in the broadband connectivity network. Their product would make it easier and faster for people to connect to wireless networks. The company is owned by the hedge fund Harbinger Capital. This hedge fund is headed by billionaire Philip Falcone who happens to be a huge donor to Democratic senatorial campaigns as well as to Obama’s campaign. Shortly after he made large donations to Democratic senatorial campaigns, the FCC granted the company a waiver to build their national 4g wireless network cheaply….which is a highly unusual move for the FCC. What a coincidence. Numerous people are crying foul but the bigger scandal here is something a little more criminal than big donor favoritism. The Pentagon is very concerned about Lightsquared’s new broadband network because the GPS system that it uses would interfere with the same system that the military uses to help it with missile tracking (among other things). The Pentagon sent Air Force General William Shelton to testify at a closed door meeting about their concerns. Just a few days ago, General Shelton revealed to House strategic forces subcommittee staffers that the White House tried to “encourage” him to say things in his testimony that would be beneficial to the Lightsquared project. The General was not too happy about being asked to change his testimony on the request of the White House. This one is much more than a “pay to play” scandal. This one is flat-out criminal and involves witness tampering. This has been getting some media coverage but not very much. It is my opinion that this one is the worst of the 3 scandals for Obama but time will tell whether he will suffer politically. I’m betting that there are many more “Solyndra’s” and “Lightsquared’s” out there but we’ll never know with our politically biased media.
There’s one thing that’s for sure with this crooked administration….
You can take Obama out of Chicago, but you can’t take Chicago out of Obama.
© 2011, Bridget. All rights reserved.
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I want to thank Hillbuzz for bringing ALL of these scandals to my attention. If I had waited for the MSM to talk about these, I'd still be waiting. But I heard about all three of these situations at Hillbuzz first. Heck, by the time I heard the first news about Fast & Furious in the MSM, it was already old news for Hillbuzzers.
I find it interesting though, that the media is now kind of distancing themselves from The Won. They haven't out and out called for his head on a plate, but they are making noises about how things aren't looking good for 2012, and they are starting to report some of these scandals. Andrew Breitbart, in a radio interview I heard last week, said that privately the Dems are trying to convince Barry to step down for the 2012 race. Don't know who they have in mind to replace him just now, but the rats are beginning to desert the sinking ship. Nobody wants to primary him because the lefties in the Dem party would just call them racists, but Breitbart said to keep an eye on the White House because after last Tuesday the Dems are concerned he will bring the entire party down in 2012. Of course, this would be good news for conservatives, because maybe we could control the House, Senate and White House for four years and clean up this mess the country is in!
Is it me or does Solyndra sound much much worse than “crony capitalism?” I get the feeling that the bundler collected money for Obama and Obama et. al. got him the $535MM loan .
I am sure that those folks got paid by Solyndra – and paid millions of dollars in their jobs at Solyndra.
So wasn’t this a de facto payment from the taxpayers to the WH straight to the CEO/Other Executives at Solyndra?
Put another way, didn’t the WH just PAY Solyndra — and then they went “bankrupt?” Almost like Solyndra was a shell company to funnel money from the WH straight to George Kaiser? After All, that money had to go SOMEwhere.
Or put still another way, how is this not justice straight up, old fashioned money laundering?
Am I missing something here? Isn’t it money laundering from the WH directly to George Kaiser?
You're not missing anything.
The Solyndra Fraud
The Solyndra debacle is not just Obama-style crony socialism as usual. It is a criminal fraud. That is the theory that would be guiding any competent prosecutor’s office in the investigation of a scheme that cost victims — in this case, American taxpayers — a fortune.
http://www.nationalreview.com/articles/print/2775…
Rahm Emanuel: Solyndra? Never Heard of It
With the White House facing a possible criminal investigation over the Solyndra scandal, look for more and more current and former members of the Obama administration to go full blown Sgt. Schultz.
Rahm Emanuel, Obama’s Chief of Staff when the Solyndra loan was finalized, sets the pace:
http://michellemalkin.com/2011/09/19/emanuel-soly…
Obama Invested in Company That Got Sweet Deal From FCC
Not included in our February 2 letter to Issa is the fact that Barack Obama invested $90,000 in the obscure, thinly-traded SkyTerra in 2005. He was put into the investment by a UBS broker at the behest of a major donor to Obama’s campaigns named George W. Haywood, who was also a major investor in SkyTerra.
http://nlpc.org/stories/2011/03/25/obama-invested…
Is it just me, or is the Obama adminstration over loading the system, ala' Saul Alinsky?
Fast & Furious: FBI may have covered up third gun found at scene of agent’s death to protect informant
Two new pieces of the puzzle here, one published 10 days ago and the other just this afternoon.
http://hotair.com/archives/2011/09/19/fast-furiou…
You can also add the DOJ's outrageous action against Gibson Guitars to the Obama administration's Chicago-style thuggery.