Ron Klain, our new Ebola Czar, is a political spin doctor with no medical experience. He does, however, have a lot of experience in lying and assisting the current administration with fleecing tax payers.
“If this gigantic, lavishly funded government has reached the point where a new level of executive bureaucrcy must be installed to make the other bureaucracies coordinate well enough to manage a crisis that initially involved about a hundred people, it has degenerated to a terrifying level of dysfunction.” John Hayward
Klain has been a democratic operative for years beginning with the Clinton White House. In 2000 he took a senior position with Big Al Gore’s presidential campaign and in 2004 he was heavily involved with John Kerry’s bid. Having worked for Joe Biden before, Klain took a job as his chief-of-staff in 2009 where one of his major duties was to help implement the $831 billion “shovel ready” stimulus fraud and supervise allocation of its funds, making him a central player in Obama’s green fraud.
Remember Solyndra? The lap-dog media let the story die before it had a chance to gain steam but it is now worth retelling because it serves as a window into Obama’s priorities and an indicator of the level of trust we can put in the administration’s Ebola assurances.
Solyndra, was a solar energy company backed by an Oklahoma oil magnate and major Obama fundraiser, George Kaiser. During the Bush administration, Obama’s buddy George had sought government funding under the absurd 2005 Energy Policy Act, but was turned down. One private analyst said that Solyndra was “an absolute complete disaster,” and given the fact that China was producing solar panels at drastically lower prices, the chance that Solyndra would ever turn a profit was nil.
Yet, within weeks of Obama taking office, Solyndra officers and investors visited him at the White House no fewer than 20 times and Obama made them the very first recipient of a public loan guarantee after the Energy Act was beefed up with “stimulus” spending. The loan and credits eventually amounted to a staggering $535 million.
At this time Klain was chief of staff for Biden, who hot to become the face of the “green initiatives,” planned to announce the Solyndra loan during an energy speech in September 2009. However, officials at the DOE and OMB had major qualms with making the loans public because Solyndra was, at that time, hemorrhaging money and even with the loan, they still lacked the necessary working capital to remain solvent. Yet, magically somehow that loan was approved just in time for Biden’s speech.
Solyndra, using taxpayer money to go public, was required to disclose their financial condition prior to an initial offering of stock. Outside auditors from PricewaterhouseCoopers [PWC] found that financial conditions at Solyndra were dire. They had “suffered recurring losses from operations, negative cash flows since inception,” and had a net “stockholders’ deficit.” Even with taxpayer money, PWC found “substantial doubt about its ability to continue as a going concern.” Having no other alternative, Solyndra released its bleak financial diagnosis in March of 2010 just two months prior to Obama’s visit to use the company as a propaganda backdrop for his “green energy” push.
Not only was Obama, DOE and OMB aware of Solyndra’s financial woes but Valerie Jarrett, Obama’s personal spin doctor, was warned by another leftist crony that the visit might not be such a good idea. She then reached out to our new Ebola Czar, Ron Klain, for an assessment of the situation. According to a Klain email, Obama shouldn’t worry because even if he visited “10 such places over the next 10 months, probably a few would be belly-up by election day 2012. . .”
Federal law severely criminalizes schemes to defraud taxpayers. It also extensively regulates the sale of securities. Obama, duty bound to execute the laws faithfully, also had a fiduciary responsibility to be forthright with taxpayers. Instead, at his May 26, 2010 speech, Obama said that “we can see the positive impacts. . .at Solyndra,” painting a false pictures of new jobs, new manufacturing facilities, knowing full well and not caring that taxpayers would never see the $535 million again.
You can read the story by Andrew McCarthy in full at this link at National Review
