SolarGate

A top bundler and major investor in a now-bankrupt green company made multiple White House visits before he got a guaranteed stimulus loan that the administration monitored to ensure it was granted. Getting inside the White House was easy for billionaire investor George Kaiser, who made multiple visits to the White House and appeared at White House events next to administration officials. One of the prime investors in the green energy company Solyndra, Kaiser put quite a few tokens in the White House turnstile. As the Daily Caller reports, Kaiser himself donated $53,000 to Barack Obama's 2008 election campaign, divided between Obama for America and the Democratic Senatorial Campaign Committee. A world-class bundler, Kaiser also raised $50,000 to $100,000 from others for the senator's campaign. Despite a warning from Solyndra's own accountants at PricewaterhouseCoopers that the company's business model was suspect and raised "substantial doubt about its ability to continue as a going concern," President Obama visited the company and gave it a glowing endorsement as a government-picked winner alongside electric cars and high-speed rail. Despite its spotty business record, Solyndra was the first recipient of green stimulus cash in the form of a $535 million guaranteed loan. The loan not only escaped serious scrutiny, according to the Government Accountability Office, but also was — despite denials by White House officials — fast-tracked by an administration that monitored every step in the process. Kaiser wasn't the only one involved with Solyndra putting tokens in the turnstile. Solyndra itself spent more than $1 million from 2008 to 2011 lobbying Congress for various green legislation from which it would benefit, including the "Solar Manufacturing Jobs Creation Act."...more