Obama’s Corrupt And Failed Foray Into Venture Capitalism

Obama has been accusing Romney of being a criminal for running a stellar and successful venture capital company.

Unlike Romney, Obama has operated as a failed and corrupt venture capitalist – using taxpayer money to reward campaign donations.

The Solyndra Scandal
Solyndra: Politics infused Obama energy programs

Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal ­e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials.

The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra.

The documents reviewed by The Post, which began examining the clean-technology program a year ago, provide a detailed look inside the day-to-day workings of the upper levels of the Obama administration. They also give an unprecedented glimpse into high-level maneuvering by politically connected clean-technology investors.

Solyndra: Politics infused Obama energy programs – The Washington Post

About stevengoddard

Just having fun
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2 Responses to Obama’s Corrupt And Failed Foray Into Venture Capitalism

  1. tckev says:

    Estimates of American Fuel deposits –

    Coal – Recoverable reserves of coal stand at about 275 billion tons. (200+ years)
    Gas – all sources – reserves is approximately 300 trillion cubic feet. (100+ years)
    Oil – The Institute for Energy Research estimates the total volume of technically recoverable oil reserves in all areas of the United States (including technically recoverable oil from shale) to be 1.442 trillion barrels of oil.

    US Hydroelectric Potential.

    The hydro resource base is huge: the gross theoretical potential was assessed as up to 512 GW. The end-2005 US hydro capacity of 77.4 GW.

    With these known sources of energy is it reasonable to invest so much in wind and solar power?

  2. slp says:

    For an interesting look at some of the history of venture capitalism, I recommend the documentary Something Ventured.

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