More Complications in the Solyndra Affair
'Special Report' All-Star panel weighs in
- Duration 6:30
- Date Sep 29, 2011
'Special Report' All-Star panel weighs in
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The process -- DOE what's what has been evaluated.
And improved and how over the course of the whole time that we've been in office.
His merit base and it's done.
It reflects extensive due diligence on the projects that that you're referring to the new.
Solar generation watch -- solar generation facilities that.
Received loan approvals.
Talking about the loan approval process Department of Energy Fox News confirmed that confirmed that several top Obama campaign fund raisers.
Had influence in that process.
At the Department of Energy as it passed out billions of stimulus might do Green jobs companies as they call them including so -- -- One of those fund raisers was Steven -- He is a former NBC executive clean tech consultant.
He also was an advisor to Stephen chew his wife allison's law firm received 2.4 million dollars for representing a number of the company's.
In the -- -- loans.
This is what the White House put out about Spinner.
He started at the department at the end of April 2009 after the decision to offer -- -- continue conditional commitment.
Was already made in return to the private sector at the end of September.
2010 before the loan deal.
Was resurrected they -- go on to say that He was responsible for monitoring the loan program.
Even in that capacity He -- He was refusing himself from the specific loan applications.
In which is spouses law firm.
This is getting pretty specific and there are more developments in this case we're back with the panel.
-- Well one development is a guy called Steve Wesley.
He raises half a million for Obama in no way and He becomes a member of -- high level -- advisory committee Tuesday.
Secretary of energy secretary -- now it turns out he's got investments.
In five other companies that received government money.
The problem here is the problem RO crony capitalism.
It's inefficient and it's it's resistance.
Ultimately -- being corrupted is almost zero.
Inefficient because -- -- or insiders.
Who pick -- -- gentlemen losers are inevitably.
And almost always.
Less efficient and wise in choosing into their investments and the market -- But apart from inefficiency is corruption.
There is there are billions of dollars being shoved out the door very quickly to meet those deadlines.
In the stimulus package which is tomorrow by the way right and and even now we're getting a quarter of a billion to three quarters of a billion handed out to another.
Company and there is no way in which proximity to power.
And having supported the president is not -- -- influence decisions in who gets the money and who's at the table when money's changing hands.
Corruption is inherent in the process.
We've talked about this -- one of the company has cylinders chief investors.
George Kaiser he's also a major bottler for the Obama administration.
Does a lot of charity work with the Kaiser Foundation He had four meetings at the White House.
Right before the cylinder loan five.
135 million went through four meetings right before that and here's what the White House has said about those meetings.
Did not lobby the administration officials with regard to this is He.
-- it's a wonder He was involved in a lot of charitable efforts.
Again and it's our understand it -- we haven't.
Looked in every meeting and that He might have had here that that was the focus of his conversations generally speaking at the White House.
So charity efforts He -- was Valerie Jarrett Austan Goolsbee.
Pete Rouse may visit the White House a dozen times immediately after the loan went through what about all that well -- I find that claim.
Almost preposterous and I think it's something that deserves a lot more discussion I -- know who told Jay Carney that these discussions.
We're about charitable his charitable work -- mean this is a guy who had as you mentioned had four meetings.
In the days leading up to the approval of this -- the first approval of this loan of its kind.
It was clearly X but I added we now know that Stephen -- was pushing hard to have an accelerating energy secretary the Energy Department boasted about their having rushed it through.
We now know that there were senior Vice President Biden shows up in a groundbreaking via satellite Stephen she was there in person we know that these discussions.
We're taking place about the long program between Timothy Geithner.
-- former top economic advisor Larry Summers the president of the United States all of these people having been.
Part of these discussions and we -- not -- believe that this person who -- George Kaiser.
Who raised with the high dollar -- there.
In the Obama campaign had these four meetings to talk about his charitable work and that doesn't even really pass the laugh test so I'd be very interest in in understanding.
Why they were and why it was Jay -- -- -- and I don't think Jay Carney goes out as a matter of process analyze the American people who told that those that those were charitable meetings.
And B if you look let's talk about the impact of all of this you look at the polls here and we asked a question.
Do you think this loan to slender.
Is either unethical behavior or -- good faith -- that went bad.
But He Digg and Republicans think 75%.
Something unethical happened 51% of independents -- It involved unethical behavior how big a deal is this and how forty thank you can go.
Well that's what's so interesting I think the facts of the facts and and they don't pass that they'll laugh tests are -- and and that is.
I it is truly the in his -- administration sort of first we know -- scandal.
-- the president isn't so much political peril however with the economy and the -- crisis that I just don't know how much this is going to galvanize persuade it will voters.
Who cares what Republicans think independent voters who want -- turning against the president.
And they don't believe that -- steer the economy.
In the right way and that he's addressing the debt crisis they are only gonna take a look at the -- scandal after.
These other major issues and so it's hard to imagine this really sinking him with people.
Who are on the fence about his economic record.
I think it might because people will grant that Obama He may not to be a good manager but at least he's acting in good faith.
If you get a scandal in which it looks as if there's covering up and they're corrupt I think that that's going to undo that now.