nuk13 wrote:
Ddawg wrote:
It's going to take months to gather all the evidence and break through the coordinated delay and stonewall tactics. But, the truth will come out. Whistleblowers and witnesses will come clean. When the dust settles, the exposed corruption will be appalling.
So we need independent counsel for:
1) Fast and Furious
2) Solyndra, i.e. diversion of federal grants/loans to contributors
3) Benghazi
4) AP subpoena
5) The IRS--this could actually be further split into two: (A) the targeting of conservative applicants for tax-exempt status, and (B) retaliatory audits of administrative opponents and critics.
6) I don't have the details but there was a loan to an electric car company that just went under. I think it was a measly $500,000,000. There is also the matter of favors to the Don Quixote hot air windmills all over our once beautiful hills. I have not seen a bottom line on them but I'll bet they are a long ways from breaking even and electric bills have not been reduced. Ironically they are not nearly as "green" as promoted because of the black mark from killing so many bats and birds.
That would be Fiskar--the $529MM unsecured loan from the Obama administration--which was almost $100,000,000 MORE than Fiskar even asked for. To be fair, I think this would fall under the Solyndra inquiry--diverting government funds to administration supporters. Nevertheless, here's a rundown of just how ugly Fiskar was alone--just keep in mind there are DOZENS of similar cases like this coming out of how the Obama administration "handled" the bailouts to benefit their friends:
- After the Department of Energy cancelled funding of Fisker in 2010 when the political heat got too hot, another $192MM of "cancelled" funds was paid to Fisker through June 2011. Of that, $172 million will never be paid back. The only money the government recoups is 2/3 of the insurance payment Fisker was due to get after 16 Fisker cars caught on fire during Hurricane Sandy. Fisker's CEO blames the funding cutoff on statements Mitt Romney made....in the fall of 2012. :skeptic:
- Fisker spent over $600,000 per car produced
- Fisker's first/only production car, the "Karma" had a range of 32 miles :gross:
- Fisker laid off 75% of its workers a few weeks ago. Within hours of the layoff, the federal government filed a >100 page lawsuit against them for "failure to notify" about the layoffs. You tell me how the government drafts, approves and files a failure to notify lawsuit in mere hours.....
- Fisker's owners/investors get to write off the >$200,000,000 in losses (i.e. they don't have to pay taxes on their next $200,000,000) as the loans were unsecured, nonrecourse, while taxpayers get nothing back.
- More than 3/4 of the 220 jobs created by Fisker were in Finland. The prime investors, were three americans (including the hard up Leonardo DiCaprio, and then a consortioum of Qataris, Europeans, and anonymous shell entities hiding the identities of the true backers.