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From ‘Scandal-Free’ to Near Scandal Fatigue in Three Weeks

"Squeaky clean" no more — as if they ever were.

by
Tom Blumer

Bio

September 20, 2011 - 12:14 am
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Solyndra’s collapse contains so many disgraceful elements that the press can’t get away with totally ignoring it (though, as seen here and here, they’re still trying mightily, and distorting things whenever they can). The amount of taxpayer loss involved, at over $500 million for just one deal, is huge. The quid pro quo of campaign contributions and the lobbying for favorable treatment could hardly be more obvious. Reelection-related considerations clearly intruded to override dire warnings that the company couldn’t possibly succeed. Finally, as Andy McCarthy noted at National Review on September 17, the Department of Energy’s agreement to allow private investors repayment priority ahead of the government clearly broke the law.

McCarthy correctly went much further:

The Solyndra debacle is not just Obama-style crony socialism as usual. It is a criminal fraud.

… Solyndra … was using its government loans as a springboard to go public. When the sale of securities is involved, federal law criminalizes fraudulent schemes, false statements of material fact, and statements that omit any “material fact necessary in order to make the statements made … not misleading.”

… That’s exactly what President Obama did on May 26, 2010, with his Solyndra friends about to launch their initial public offering of stock.

As president, Obama had a fiduciary responsibility to be forthright about Solyndra’s grim prospects — in speaking to the American taxpayers whose money he had redistributed, and to the American investors who were about to be solicited for even more funding.

… The president looked us in the eye and averred that, when it came to channeling public funds into private hands, “We can see the positive impacts right here at Solyndra.”

… The word for such schemes is fraud.

The LightSquared mess, in addition to having many of the element of Solyndra, adds a national security-endangering angle, as described by Richard Pollock, to predictable cronyism:

(LightSquared’s) new wireless system could interfere with aviation safety, disrupt military and rescue operations, and interfere with high-tech farming equipment and consumer navigation devices.

Speaking of security and defense, the Gunwalker scandal’s body count continues to grow, and its scope has spread to include Gangwalker in the Midwest, Operation Castaway out of Tampa, and incidents traced to Texas. Bob Owens has shown that the multiple enterprises almost have to involve coordination from the highest levels of government, with possible motivations ranging from creating a pretext for circumventing the Second Amendment to causing illegal immigrants fleeing destabilized Central American nations to flood into the U.S.

No wonder the administration and its backers have become desperate to discredit Congressman Darrell Issa and his Gunwalker investigation — so desperate that a leftist front group has filed an ethics complaint against him based on a New York Times Issa hit piece which has been corrected three times and contains ten other alleged factual errors.

Any one of these three scandals would probably have brought down or at least seriously crippled a Republican or conservative administration by now.

Thus, we have gone from Allan Lichtman’s scandal-free, “squeaky clean” fantasy to virtual scandal fatigue in three weeks, and from “I don’t see how he can lose” to worries about Obama’s eroding base and even a call for him to withdraw.

By now, it should be clear that objectively written history will not be kind to those who were seduced by “hope and change.” In November 2012, voters must permanently reject all who are linked to it.

(Thumbnail and above illustration based on images from Shutterstock.com)

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Along with having a decades-long career in accounting, finance, training and development, Tom Blumer has written for several national online publications primarily on business, economics, politics and media bias. He has had his own blog, BizzyBlog.com, since 2005, and has been a PJM contributor since 2008.
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