Cancel 2016.2
The Almighty
He omitted the part that directly undercut the main thrust of his piece. He wrote an entire piece about how the award of loans was improper and left out the part of the IG report where the IG made clear that he didn't find flawed loan decisions. Get real.
Thank you for proving beyond a doubt that you hadn't actually read the piece and instead you just assumed it said whatever you wanted it to say and you began your attack in defense of your masters.
He stated.... "The so-called 1705 Loan Guarantee Program and the 1603 Grant Program channeled billions of dollars to all sorts of energy companies. The grants were earmarked for alternative-fuel and green-power projects, so it would not be a surprise to learn that those industries were led by liberals. Furthermore, these were highly competitive grant and loan programs—not usually a hallmark of cronyism. Often fewer than 10 percent of applicants were deemed worthy.
Nevertheless, a large proportion of the winners were companies with Obama-campaign connections. Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers ... a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. "
And the following is incorrect on two counts:
"In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. "
First, there is no such March 2011 GAO report. He's referring to a March IG report. Second, the IG did not find that none of the loans were properly documented. Instead, the IG found that the documents were not maintained in the DOE electronic document repository, not that the documents did not exist.
Where in his comments did he say that the documents did not exist? he said that "none were properly documented". So genius... tell us... were they supposed to be in the DOE electronic depository? If so, then they were not properly documented.
As for stating it was the DOE report instead of the IG... he was mistaken.... but hardly an error worthy of you trashing his motives and pretending he was trying to mislead people deliberately. You have made far more errors on this thread alone. But then, yours ARE deliberate. You are actively trying to attack the author rather than address the FACTS presented.
The bulk of the loans went to Obama's bundlers/donors/people that worked for him.