PREFERENTIAL TREATMENT, CONFLICTS OF INTEREST AND SUPPRESSED INFORMATION COULD SPELL DOOM FOR THE OBAMA REGIME
Barack Obama needs the Solyndra scandal like he needs a wild drunken weekend on the town with Bill Ayres, Jeremiah Wright, and that rapper-dude he invited to the White House who dreams of killing cops and abusing women. What else could go wrong for the boy king? If history has taught us anything, a lot.
Watergate started out as a botched, third-rate burglary and ended up bringing down a president. While the initial crime itself may not have reached all the way up to the Oval Office, the cover-up did — and Richard Nixon resigned the presidency 26 months later.
So far, the Solyndra scandal has cost American taxpayers more than a half a billion dollars; will it end up costing Obama his presidency? Setting aside the lack of due diligence by Obama’s Energy Department for a moment, the critical questions are these:
Did Obama’s relationship with key backer George Kaiser, a major backer of Solyndra, give the now-bankrupt company preferential treatment as it sought government-backed loans?
What role did another key Obama donor, Steve Spinner — an overseer of the Energy Department’s $25 billion in loans to renewable energy companies — play in the Solyndra scandal?
Recently uncovered emails show that the White House personally monitored processing of Solyndra’s $535 loan request; why did the Obama Regime push so hard for approval?
Why did the Regime restructure a loan guarantee so that private investors would be protected in case of default — leaving taxpayers completely on the hook?
Why did officials of the Regime continue to declare publicly that Solyndra was in great shape, even as it worried about the troubled solar energy company behind closed doors?
Why did the Regime sign off on the $535 million loan guarantee, when it knew that Solyndra had been hemorrhaging hundreds of millions of dollars for years?
Did the DOE and the Obama Regime know that Solyndra’s thin-film foil technology could not compete economically with polysilicon-based technology, which is used by companies in China and Europe?
And finally, a question made famous by the Watergate scandal, what did the president know, and when did he know it?
These are questions the FBI is anxious to answer; it raided the offices of Solyndra, as well as the homes of the CEO and two other top executives last week. There are far more questions than answers at this stage of the investigation, but let’s not forget the lesson of Richard Nixon and Watergate:
It may have taken 26 months for enough damning information to surface before Nixon climbed the steps of Marine One for the final time and waved goodbye to his presidency, but facts are facts — and they generally come out in the end. Attempts at cover-up only serve to pour gasoline on the fire — a fire that millions of Americans are anxious to see burn out of control.