Tag Archives: Taxes

News

E-mails reveal that Obama fundraiser discussed Solyndra loan with White House

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FBI agents remove evidence from Solyndra Headquarters
FBI agents remove evidence from Solyndra Headquarters

From the leftist Washington Post.

Excerpt:

A major donor to President Barack Obama discussed with White House officials a solar energy company that received a half-billion dollar federal loan and later went bankrupt, newly released emails show.

The emails released by a House committee appear to contradict repeated assurances by the Obama administration that the donor, George Kaiser, never talked about Solyndra Inc. with the White House.

Solyndra’s name came up at a White House meeting with Kaiser last year at a time when the California company was seeking a second federal loan, after it had already received a $528 million loan in 2009, the emails show.

The second loan was not approved. Instead, an investment venture controlled by Kaiser made a private loan that resulted in the firm and other investors moving ahead of taxpayers in line for repayment in case of a default by Solyndra.

Solyndra, the first renewable energy company to receive a federal loan under the 2009 stimulus law, declared bankruptcy in September and laid off its 1,100 workers, leaving taxpayers on the hook for more than a half-billion dollars.

The company’s implosion and revelations that administration officials rushed to complete the loan in time for a September 2009 groundbreaking have become an embarrassment for Obama and a rallying cry for GOP critics of his green energy program.

Kaiser, an Oklahoma billionaire, was a “bundler” for Obama’s 2008 campaign, raising between $50,000 and $100,000 for the president, records show. He also was a frequent White House visitor in 2009 and 2010. White House officials for months have denied that Kaiser talked about Solyndra during those visits. One the nation’s richest men, Kaiser owns an oil company and other energy interests and is chief donor to the George Kaiser Family Foundation, which invests in early childhood education and community health.

In one email released Wednesday by the House Energy and Commerce Committee, Kaiser said that when he and a foundation official visited the White House last year, officials showed “thorough knowledge of the Solyndra story, suggesting it was one their prime poster children” for renewable energy.

In another email, a Kaiser associate appears confident that Energy Secretary Steven Chu would approve a second loan for Solyndra.

“It appears things are headed in the right direction and Chu is apparently staying involved in Solyndra’s application and continues to talk up the company as a success story,” Steve Mitchell, managing director of Kaiser’s venture-capital firm, Argonaut Private Equity, wrote in a March 5, 2010, e-mail. Mitchell also served on Solyndra’s board of directors.

It’s very important for voters to understand what the Obama administration means when it talks about “jobs bills”, “shovel-ready projects”, “infrastructure development” and “economic stimulus”. What they mean by those words is giving taxpayer money to their campaign fundraisers. And that’s why the unemployment rate has been over 9% for the last three years, and we are running 1.3 trillion dollar deficits.

Do you know what Republicans would do if they were in office? They would let you keep more of the money you earn, and to hell with corruption. That’s what a tax cut is – more money for you, and less money for politicians. Think about it. The smaller the government, the less opportunity there is for this sort of greed and corruption.

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News

One day of substitute teaching qualifies union lobbyists for teacher pensions

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From the Chicago Tribune. (H/T Marathon Pundit)

Excerpt:

Two lobbyists with no prior teaching experience were allowed to count their years as union employees toward a state teacher pension once they served a single day of subbing in 2007, a Tribune/WGN-TV investigation has found.

Steven Preckwinkle, the political director for the Illinois Federation of Teachers, and fellow union lobbyist David Piccioli were the only people who took advantage of a small window opened by lawmakers a few months earlier.

The legislation enabled union officials to get into the state teachers pension fund and count their previous years as union employees after quickly obtaining teaching certificates and working in a classroom. They just had to do it before the bill was signed into law.

Preckwinkle’s one day of subbing qualified him to become a participant in the state teachers pension fund, allowing him to pick up 16 years of previous union work and nearly five more years since he joined. He’s 59, and at age 60 he’ll be eligible for a state pension based on the four-highest consecutive years of his last 10 years of work.

His paycheck fluctuates as a union lobbyist, but pension records show his earnings in the last school year were at least $245,000. Based on his salary history so far, he could earn a pension of about $108,000 a year, more than double what the average teacher receives.

[…]Over the course of their lifetimes, both men stand to receive more than a million dollars each from a state pension fund that has less than half of the assets it needs to cover promises made to tens of thousands of public school teachers. With billions of dollars in unfunded liabilities, the Illinois Teachers’ Retirement System, which serves public school teachers outside of Chicago, is one of several pension plans that are in debt as state government reels in a fiscal crisis.

This is why we need to rein these unions. Not only do they not provide quality educations for poor students in the inner city, but they are corrupt and wasteful.

If you missed my post on Ohio State Issue 2, then you should read it here.

News

Planned Parenthood loses fight for $397,000 in taxpayer-funding

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Good news from Life News.

The Planned Parenthood abortion business has lost its battle to keep a $397,000 taxpayer-funded contract in Memphis, Tennessee after pro-life advocates contacted members of the county commission requesting that the grant be given to someone else.

Shelby County Health Department director Yvonne Madlock had announced in September that , after significant lobbying from pro-life advocates, Christ Community Health Services would receive the $397,000 contract with the county for family planning rather than Planned Parenthood. Then, in a 6-4 party-line vote, the Shelby County Commission decided to postpone its decision and allow Planned Parenthood more time to make its case that it should continue receiving the tax money.

Now, the Shelby County Commission voted 9-4 on Monday to give Christ Community Health Services the family planning contract instead of renewing it with Planned Parenthood Greater Memphis Region. However, the Memphis Commercial newspaper reportsthat the abortion business has a pending bid protest with the county government.

[…]The money comes from the Title X family planning grants states are given by the federal government and Davidson County, the location of Nashville, made the decision earlier this year to move the recipient of its funding elsewhere from the Planned Parenthood abortion business. Because Shelby County was the lone holdout, pro-life advocates focused their efforts on persuading the county government to de-fund Planned Parenthood.

So, it sounds like things are not quite settled yet. But still – good news so far.

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