The man is the most corrupt President in U.S. history. The proof is in his actions. The Obama administration wanted to give recently bankrupt Solyndra a second taxpayer-funded guaranteed loan.
From The Washington Post:
Newly released e-mails show the Obama administration’s Energy Department was poised to give Solyndra a second taxpayer loan of $469 million last year, even as the company’s financial situation grew increasingly dire.
That would have been a $1 billion dollar loss when combined with the first $535 million the Obama regime gave to his political campaign donors.
The department was still considering providing the second loan guarantee to the solar-panel manufacturer in April and May 2010, at a time when Solyndra’s auditors were already warning that the company was in danger of collapsing.
Details of the plan are revealed in e-mails released this week by Democrats on the House Energy and Commerce Committee, which is investigating the original loan. On Wednesday, the probe intensified as committee Republicans requested that the White House provide all documents, dating back to President Obama’s inauguration, that would show communications between staff members and other officials regarding Solyndra’s original $535 million federal loan guarantee.
Obama told Joe the Plumber that he would redistribute other’s money to make it more fair. He just left out that he was going to do it to reward those who donated to his campaign.