I want seven hearings a week, times 40 weeks ~ Darrell Issa (dob 11/1/1953) Representative from California's 49th congressional district and head of the House Oversight Committee, announcing his plans to go on a witch hunt against the Obama Administration ("Darrell Issa plans hundreds of hearings", Politico 11/8/2010).
The following report is an excerpt from the Thom Hartmann Radio Program, 9/19/2011, which I edited for brevity and clarity. This report from the "news" segment of the program concerns Republican attempts to use the Solyndra scandal to paint the Obama Administration as incompetent.
Thom Hartmann: Last week the media jumped on the Obama Administration over a loan to solar company Solyndra that went bust, in what was dubbed Solyndra-gate. It was suggested that the loan was granted for political reasons and that the whole deal reeked of crony capitalism. But, as we are getting used to these days, the media dropped the ball.
Not only does Solyndra represent just 1.3 percent of the department of energy's entire loan portfolio and is the only company receiving loans to fail, but former president George W bush has more prints on the Solyndra loan then does President Obama. It was bush who created the program and spent two years urging the department of energy to approve the Solyndra loan, which it finally did only two months into President Obama's term.
Not only that, but regarding the accusation that the Obama Administration granted the loan in return for campaign contributions... one of Solyndra's top investors gets their money from the Walton family, a notorious contributor to the Republican Party... not exactly fans of the Obama presidency.
So here we have another scandal manufactured by Republican hacks for the media, when the media should be looking into the greatest crime of all, which is the destruction of the American Middle Class at the hands of the Republicans and the oligarchs who own them.
My Commentary: A 9/23/2011 New York Times article, titled "The Phony Solyndra Scandal" says, "The company's recent bankruptcy... was largely brought on by a stunning collapse in the price of solar panels over the past year or so". I was actually duped into believing there might be something to this scandal by an Obama-hating Conservative commenter on the blog of Willis Hart. According to the doofus Rusty Shackelford, the Solyndra "scandal" is going to cause BIG problems for Barack Obama, because it's going to prove to people just how incompetent and in over his head "Obie" the community organizer is.
For the record, I thought that the owners of the company may have done something untoward, not the President or his administration. But it turns out I was way wrong. The reason for Solyndra's failure is due to the fact that "the Chinese government is investing in solar production [and that] has led to a burst in production that has boosted supplies and forced down product prices worldwide". Turns out there is absolutely no scandal here what-so-ever, just a failure to accurately predict future market conditions.
Don't tell the Republicans this, however. Expect them to make as much hay as possible over this non-scandal. The corrupt Representative from California, sleazeball Darrell Issa, announced that he's launching an investigation. Regarding the function of the Oversight Committee under Issa, a 11/8/2010 Politico article says Issa enlisted "Patrick McHenry of North Carolina and Jim Jordan of Ohio... to chair some of his subcommittees". Politico refers to these two representatives as "aggressive partisans". I think it's clear what Issa's agenda is.
I'm with Thom Hartmann on this one, the Republican Party is totally owned by the wealthy elites and this bogus scandal is nothing more than a distraction while they continue their destruction of the middle class. And they're also miffed because George bush was SO incredibly incompetent and corrupt... and now they're desperate to get the same labels attached to Obama... but nothing is sticking. Hint: It's because Obama is an extremely intelligent, competent and honest man, not to mention an substantially superior POTUS when compared to the previous doofus who held the office.