Itâs as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosiâs brother-in-law happens to be the number two man at PCG. Team Obama is spending $737 million to create 45 permanent jobs. http://www.thegatewaypundit.com/201...illion-to-pelosis-brother-in-laws-solar-firm/
Are they intentionally trying to mislead or do they not understand the difference between giving 737 million and guaranteeing a loan ? "The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project." "The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project"
Backing a loan... wink wink. That is how wealth is transferred from tax payers to individuals via the cronyism. They would like to just hand out the money... but this is the next best mechanism. When you have to say... obama's adminstration may be massively corrupt but it is less corrupt than bush... its time to get a new pr job.