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SOLARGATE: Obama’s Big Green Scandal That Won’t Go Away

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Clipped from 21stcenturywire.com

The Enron scandal saw, among other crimes, the savings and retirement funds of tens of thousands of employees disappear when the politically connected energy giant went bankrupt overnight, but it was the cronyism- the company’s direct connections to Bush, Cheney and other insiders which left the worst taste in America’s mouth. Last week, deja vu hit the Obama White House, as his favourite green pet- solar energy firm Solyndra, managed to do an overnight disappearing act with over $500 million in taxpayer funds. What’s worse is that just like Enron, the solar energy firm’s connections go right up through Washington, and right up to the President himself.

When Solyndra when down under Chapter 11 bankruptcy last week, you would think that the US taxpayer would be first in line as a creditor who hoped to recoup its $500 million loss. Not so. First in line was… George Kaiser, who managed to pocket his initial $75 million investment before anyone else got to the butchers table.

With Enron it, was pure hubris and greed, combined with opportunity. With Solyndra, it is green hubris and green greed, combined with opportunity. When you get right down to it, they are no different.

Read more at 21stcenturywire.com

http://amplify.com/u/a1d0kl

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