Front Page
NMJ Search
Editorials
Commentary
Archive
NMJ Radio
Constitutional Literacy
Islamofascism
Progressivism
Books
NMJ Shop
Links, Etc...
Facebook
Twitter
Site Information
About Us
Contact Us
  US Senate
  US House
  Anti-Google






In December, 2009, Loan Program Office Senior Credit Advisor Jim McCrea forwarded one of his colleagues an article about how Reid would struggle in the 2010 campaign along with a comment on how it might affect the DoE loan program.
Social Bookmarking
Print this page.
Obama Administration Used DoE
Loan Money to Help Reid’s Campaign

The Washington Examiner
President Obama claims that political considerations did not influence the Energy Department’s green energy loan program, but newly-released internal emails show that his administration subsidized Nevada companies in order to help Senate Majority Leader Harry Reid (D-NV), win his 2010 reelection campaign.

“And these are decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics,” Obama said last week when asked about the green companies that have gone bankrupt despite receiving taxpayer support.

The House Oversight & Government Reform Committee released DoE emails today that compromise Obama’s position on two counts: one, the emails show that Obama himself was involved in approving loans; two, DoE officials were keenly aware of the political interests at stake, as they regarded the loans as a way for the White House to help Reid by giving him a way to brag about bringing federal money into Nevada.

Messages from late in 2010 demonstrate that DoE officials were concerned that President Obama’s personal desire to get DoE loans approved was putting taxpayer money at risk.

“I am growing increasingly worried about a fast track process imposed on us at the POTUS level based on this chaotic process that we are undergoing,” Loan Program Office Senior Credit Advisor Jim McCrea wrote to loan program executive director Jonathan Silver in October 2010. “[B]y designing the fast track process and having it approved at the POTUS level (which is an absolute waste of his time!) it legitimizes every element and it becomes embedded like the 55% recovery rate which also was imposed by POTUS.”

Silver was sympathetic to McCrea, but said it was too late to change course. “While I might agree with you intellectually, that is not where we are,” he wrote back. “Let’s finish this process and get back to business.”

By that point, McCrea might have regretted the political interest in the loan program, but he was quite happy about it only months earlier.

In December, 2009, McCrea forwarded one of his colleagues an article about how Reid would struggle in the 2010 campaign along with a comment on how it might affect the DoE loan program.

“Reid may be desperate,” McCrea wrote. “WH may want to help. Short term considerations may be more important than longer term considerations and what’s a billion anyhow?” That’s a troubling closing question given that the DoE lost over half-a-billion dollars on one company when Solyndra went bankrupt.

In that same message, McCrea also speculated that, in light of Reid’s campaign struggles, “there may be an opportunity to move several transactions simultaneously, allowing LGPO to finish with a trifecta!”

A May 2010 email shows that Reid requested a meeting with Jonathan Silver -- the Obama bundler who resigned his post at DoE after the Solyndra bankruptcy -- to discuss green energy projects in Nevada.

READ FULL SOURCE ARTICLE

Editor's Note: Yet another in a long line of untruths and deceptive practices by this, the most "ethical and transparent" administration in American history...but hey, who's counting, right? We mean, it's an election year, right?








The BasicsProject.org informational and educational pamphlet series is now available for Kindle and iPad. Click here to find out more...

The New Media Journal and BasicsProject.org are not funded by outside sources. We exist exclusively on donations from our readers and contributors.
Please make a sustaining donation today.







Opinions expressed by contributing writers are expressly their own and may or may not represent the opinions of NewMediaJournal.us, its editorial staff, board or organization.  Reprint inquiries should be directed to the author of the article. Contact the editor for a link request to NewMediaJournal.us.  NewMediaJournal.us is not affiliated with any mainstream media organizations.  NewMediaJournal.us is not supported by any political organization.  Responsibility for the accuracy of cited content is expressly that of the contributing author. All original content offered by NewMediaJournal.us is copyrighted. NewMediaJournal.us supports BasicsProject.org and its goal: the liberation of the American voter from partisan politics and special interests in government through the primary-source, fact-based education of the American people.

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to:http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.


The Media Journal.us © 1998-2014    Content Copyright © Individual authors
Powered by ExpressionEngine 1.70 and M3Server