Bachmann: Solyndra Shows Obama’s Abuse Of Power

COSTA MESA, Calif. (AP) — Republican presidential candidate Michele Bachmann says a half-billion dollar government loan to a solar energy manufacturer is an example of an “abuse of authority and power.”

Bachmann made the remarks Friday at an Orange County rally before the start of the California GOP convention.

The Treasury Department announced Thursday it has launched an investigation into a $535 million loan to the Fremont, Calif.-based Solyndra Inc.

The Silicon Valley company was the first renewable-energy manufacturer to receive a loan guarantee under the stimulus law. President Barack Obama’s administration frequently touted Solyndra as a model for its clean energy program.

It has since laid off more than 1,000 people and filed for bankruptcy.

Bachmann called the loan “crony capitalism” during the rally.

Solyndra executives raised more than $100,000 for Obama and Democrats.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Otto says:

    More crony capitalism??? And from the other side of the aisle. She must think that the President and Mr. Perry are one in the same

  2. ram says:

    She is more government waste than anything and continues to be!!!! she is useless

  3. Reasonable says:

    Of the loans and benefits given for green energy initiatives, this particular loan represents 1.3% of the total sum. A 1.3% failure rate would make Brian Moynihan the happiest guy on Earth yet we have to crucify the president for something he probably never personally touched?

    More sweet delicious irony:
    The reason for the failing of Solyndra reads almost exactly the same way that the Enron scandal reads (selling things you don’t own to a company you do own to show turnover in product that again, you don’t own).

    For as much as neocons like to think that Sarbanes Oxley is a job killer (just like the Affordable Health Care act is a job killer considering that medicine is the ONLY growth industry at the moment), it will S-Ox regulations that will be the downfall and eventual reason that someone at Solyndra will be up a creek without a paddle. Probably hearing banjos too.

    1. Reality sucks says:

      I don’t know. This is getting bigger by the day and looks like it’s going to turn into an all out “Green Gate.” From what I’m reading, this investigation is unfolding at full speed. Involving Congress, a General, 90 Billion in stimulus cash, big donors like Doerr, Immelt, Westly, and Roy that have not only gained cash but positions. Some window, solar, and energy companies and one that wasn’t even located on our continent (Germany).

  4. Mulder says:

    Shelley opens her big mouth again without thinking. No surprise there!

    Too bad she lacks the critical thinking skills to realize that Obama had nothing to do with them getting that loan; it was a decision that was completely out of his hands. It’s also the only such loan that has been a bust so far for that program.

    Next thing you know, she’ll be claiming that someone came up to her after her speech and told her that half-billion dollar loan caused her daughter to be born brain-damaged.

  5. Herb says:

    Ms Bachmann is in denial even more so than her obviously gay husband. It is her party and entitled attitude that believes the entitled rich should have everything and the folks that actually do the work should get nothing, No support, a trashed infrastructure, no union protection, no health coverage, no social security, no environmental protection, no safety in our skies and the list goes on and on. She is the new Hitler and we’d better be aware!!!

  6. TL says:

    You know, Im pretty much against McBach in everything she says and does and anything republican for that matter….but lets cut the references to Hitler and Bin Laden to describe their politics…or anyone else’s for that matter. These two had their own selfish, psychotic agendas that wanted to eradicate the human race as a whole, except their own. Had little to nothing to do with politics whatsoever.

    Now, back to our story…….Michelle, PUUUHHHLEASE, shut up!

    1. mel says:

      @TL, thank you for being a voice of reason. The hostile democrats are the same people who accused Sarah Palin of instigating violence when she used a political promo including bulls-eyes. I guess it’s only bad if the republicans do it.

  7. Suzette M says:

    PLEASE, WILL SOMEBODY SHUT THIS BROAD UP ALREADY????? She is an embarassment to Minnesota and America!!

  8. Darla S says:

    God this idiot needs to find a rock, crawl under it, and never come out again. She can bring her closet case husband along with her. Everything this woman says is ridiculous.

    Hey Michele – Minnesota and the rest of America are tired of listening to you. Shut up.

  9. G Dog says:

    Keep talking Michele. Every time you open your mouth, you announce to the world that you aren’t qualified to be a crossing guard, much less hold public office.

  10. KEVIN says:

    AND OBAMA IS QUAIFIED TO BE PRESIDENT? HIS NEXT STIMULUS DEAL IS JUST TAKING TAX PAYER MONEY AND USING IT TO BUY UNION VOTES. ALL THE MONEY IS EARMARKED FOR UNION JOBS AND RETENTION OF UNION JOBS ONLY.OBAMA IS NOTHING BUT A STREET THUG CROOK.

  11. mel says:

    She’s actually right on this one. If a republican president had done this with this amount of taxpayer money, the democrats would be calling for him to be impeached. But, as long as all our money is wasted on the futile efforts of the environmentalists, then it’s ok. Hey, lets throw more money at unproven, unproductive, and high-cost environmental initiatives. Maybe, just maybe California will come out of bankruptcy.

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From WCCO | CBS Minnesota

Trees Of Hope
Good Question

Listen Live