Valin Posted March 21, 2012 Share Posted March 21, 2012 Power Line: John Hinderaker 3/20/12 It has been a busy day in Chairman Darrell Issa’s House Oversight and Government Reform Committee. This morning, the committee released a report titled The Department of Energy’s Disastrous Management of Loan Guarantee Programs. The report is a devastating indictment of the Obama administration’s “green” energy cronyism. It documents the extraordinary series of shaky (and sometimes shady) loans that DOE has made, often to administration allies. You really should read the report in full; it describes how the Obama administration failed to follow its own rules, failed to diversify its investment portfolio, ignored clear signs of impending insolvency on the part of borrowers, and sometimes fraudulently characterized technologies in order to justify loans. This is the beginning of a section titled “Systemic Risks from ‘Crony Capitalism’ and Wasteful Spending:” (Snip) The Committee’s report also takes us behind the “green revolving door” and sheds light on corruption in the Obama administration: (Snip) Link to comment Share on other sites More sharing options...
clearvision Posted March 21, 2012 Share Posted March 21, 2012 Well his report card says he got an A though. Link to comment Share on other sites More sharing options...
Rokke Posted March 21, 2012 Share Posted March 21, 2012 Well his report card says he got an A though. Ha. I was just thinking the same thing. Best performance in the last 500 years. Link to comment Share on other sites More sharing options...
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