Wednesday, September 21, 2011

Barack Obama - #3263 - Darrell Issa to Launch Probe of Obama, Actions on Solyndra, LightSquared - The Hill (2) Solyndra Executives Will Decline to Testify at Hearing - Reuters (3) Chicago Tribune Editor: Say, Maybe It's Time for Obama to Withdraw from 2012 - Hot Air (4) Maybe We Shouldn't Ask If Obama Will Quit.... Hot Air

Rep. Darrell Issa (R-Calif.) said Tuesday that his committee plans to investigate government loan programs to private corporations in light of allegations of improper dealings between the White House and failed energy company Solyndra and wireless start-up LightSquared. "I want to see when the president and his cronies are picking winners and losers… it wasn't because there were large contributions given to them," the chairman of the Oversight and Government Reform Committee said Tuesday morning on C-SPAN. Issa said the committee was looking at whether it was improper for members of Congress or White House staff to select companies eligible for subsidized government loans when those companies could give campaign donations. Loan programs have been a popular tool to provide funding for popular industries — like tech, green energy, and American auto companies — at more favorable terms than could be secured privately. The Obama administration has been defending itself against criticism by Republicans that it exerted improper influence to the aid of both companies. Solyndra abruptly filed for bankruptcy earlier this month, surprising both employees and the administration, which had secured $535 million in low-interest loans for the company. Read more.......

Solyndra Executives Will Decline to Testify at Hearing - Reuters -  Solyndra LLC's chief executive and chief financial officer will invoke their Fifth Amendment rights and decline to answer any questions put to them at a Congressional hearing on Friday, according to letters from their attorneys obtained by Reuters.  In the letters sent to the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations, attorneys for Solyndra CEO Brian Harrison and CFO W. G. Stover said they advised their clients not to provide testimony during the hearings.  The bankrupt company's $535 million federal loan guarantee is being investigated by the House Energy and Commerce Committee.  Harrison is represented by Orrick, Herrington & Sutcliffe and Stover is represented by Keker & Van Nest.  Solyndra's offices were raided by the FBI two days after the company filed for bankruptcy, although the FBI did not say what prompted the raid. (Reporting by Nichola Groom in Los Angeles, editing by Gerald E. McCormick)  Read more......

Chicago Tribune Editor: Say, Maybe It's Time for Obama to Withdraw from 2012 - Hot Air - It’s one thing for John Fund, Allahpundit, or me to speculate on whether Barack Obama will bother running for a second term. It’s another when one of the editors of a home-town newspaper tells a President to pull out. Stephen Chapman of the Chicago Tribune’s editorial board writes in today’s paper that it’s time for the battered champ to hang ‘em up:  I checked the Constitution, and he is under no compulsion to run for re-election. He can scrap the campaign, bag the fundraising calls and never watch another Republican debate as long as he’s willing to vacate the premises by Jan. 20, 2013.  Read more.......

Maybe We Shouldn't Ask If Obama Will Quit....Hot Air - ...............Obama mailed in both proposals rather than engage in the hard work of governance. If Obama had any interest in actually passing his deficit-reduction plan, he would not have filled it with tax hikes that have floated around the Beltway for years — and which both Republicans and Democrats have rejected in the past. The jobs bill was even less creative than his approach to deficit reduction, cribbed from a failed and costly exercise in central economic control. Obama didn’t bother to put much effort into either because he has no intention of doing the hard work needed to accomplish actual deficit reduction or improve the job-creation climate. The president has more than a year to go before the next election, but Obama has stopped governing and has shifted entirely to campaign mode. This is what it looks like when a president quits.  I’m not the only one noticing this, of course. David Brooks calls himself a “sap” today for believing that President Pant Crease had anything to offer outside of the usual partisan, class-warfare nonsense that, er, Obama has spouted all along. Brooks writes that Obama has rejected “Obamaism,” a construct which in itself is unconsciously ironic coming from Brooks:  Read more......

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