Saturday, October 27, 2012

Least shocking story of the week: Obama lied about WH involvement in bankrupt Abound Solar loans

Barack Obama is a compulsive liar...

Via Daily Caller:
Just one day after President Obama went on television saying that politics had nothing to do with the now bankrupt Abound Solar receiving a taxpayer-backed loan guarantee from the Energy Department, emails have surfaced that contradict these claims and suggest White House involvement in the company receiving the loan.
“And these are decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics,” President Obama told KUSA’s Kyle Clark.
However, emails obtained by COMPLETECOLORADO.COM suggest that the White House was involved in the Energy Department awarding Abound Solar a $400 million loan gurantee, contradicting the President’s claim.
The emails also suggest that the loan guarantee was political payback to Democratic benefactor Pat Stryker.
In one email, DOE loan executive Jonathan Silver tells DOE credit advisor Jim McCrea that, “You better [let] him know the [White House] wants to move Abound forward,” referring to Treasury Advisor Ian Samuels who wasn’t moving fast enough on scheduling calls regarding Abound.
Keep on reading…

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