Texans continue in their growing concern over the Obama Administration’s practices as the U.S. Congress House Energy and Commerce Committee voted today to subpoena the White House for all internal communications related to Solyndra, the President’s example of green technology that filed for bankruptcy in September.
Suspicion among the state’s leaders and voters has been escalating regarding a $535 million Energy Department loan guarantee to Solyndra.
The committee’s investigative panel voted 14-9, along party lines, to subpoena the White House, who provided the questioned stimulus money that was spent in a little over a year’s time.
“The White House needs to provide us the information that’s been requested,” Texas Rep. Michael Burgess said prior to the vote. “It never needed to come to this.”
“Sadly he (Obama) seems to have given up on the hard work of governing in favor of the much more fun job of campaigning for his re-election,” said Texas Senator John Cornyn, this week.
Texans are also learning:
- George Kaiser, and Solyndra officials, Christian Gronet, Thomas Baruch and David Prend, made numerous visits to the White House, according to official logs, prior to securing over half a billion dollars in loan on March 20, 2009.
- Kaiser, known as a campaign financial bundler for Obama, went for years without paying income tax.
- According to a report released today from the Sunlight Foundation, Kaiser took advantage of the federal tax code, that tax experts and the IRS say are illegal.
- “In one six year period, during which he increased his net worth enough to land him on the Forbes list of the 400 wealthiest Americans, Kaiser reported taxable income to the Internal Revenue Service just once, totaling $11,699--equivalent to a full-time hourly wage of $5.62," Bill Allison of the Sunlight Foundation posted.
- Various records and news accounts now show Solyndra was deeply troubled financially, and the White House was warned the company had been in negative cash flow since its beginning.
- A former Energy Department official, Steven Spinner, had strong connections with Solyndra and continues to raise money and organize events for Obama according to Washington reporters Peter Nicholas and Tom Hamburger on Oct. 24.
- Spinner raised over $500,000 for Obama in the 2008 campaign.
- He is married to Allison Spinner, who’s law firm Wilson Sonsini Goodrich & Rosati, received federal funds totaling $2.4 million in the Solyndral deal, according to ABC News.
- Emails prove he pressed for a swift agreement for the loan.
- Contributors to Spinner’s latest fundraising event in California paid $7,500 to have their photos taken with Obama, according to the invitation.
- In September, the Department of Energy approved over $1 billion of new loans to other green energy companies, even after the Solyndra scandal broke. One such company is SolarReserve, who received $737 million.
- One of the largest “investment partners” for SolarReserve is a firm listing Congressional Minority Leader Nancy Pelosi’s brother-in-law Ronald as a key leader.
- Another investment partner includes a company run by Steve Mitchell, who happened to serve on the board of directors for Solyndra.
- Obama’s biggest Missouri fundraiser, Tom Carnahan, is chairman of Wind Capital Group, the company that received a $107 million tax credit from the Treasury Department last year.
- ABC News even reported recently that “several of Barack Obama's top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms.”
- Steve Westly, a California venture capitalist who raised more than $500,000 for Obama, became a member of an advisory panel for the Dept of Energy, ABC reported.
- One of Obama’s campaign financial managers, Mackey Dykes, was hired as the liaison between the Energy Department and White House.
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