Joe ‘Chains-Blunder’ Biden / Does Stephanie Cutter Really Want to Go ‘THERE’?

UPDATE: Jesse Jackson’s daughter, FOX News contributor Santita Jackson, said that Biden’s remarks were “profoundly insulting” and he should apologize. Former Democrat Governor of Virginia Douglas Wilder (first African-America governor since reconstruction) also blasted the Vice President (see end of article).

Our Vice President - Joe Biden.
(Photo - Carolyn Kaster/AP)

While campaigning in Danville, Virginia on Aug 14, 2012, the Vice President of the United States, Joe Biden, rode in on his verbal backhoe to further dig himself and Obama into their seemingly bottomless hole. Watch the video (nearly half of Danville is populated by African Americans):


Later that same day, MSNBC’s Andrea Mitchell got Stephanie Cutter (Obama’s Deputy Senior Adviser) to sit down with her to talk about ol’ Joe’s mouth and Mitt Romney’s denunciation of Biden’s statement. She squirmed and obfuscated:

Mitchell: “… [L]et’s get back to the question of when you said the president agrees with the sentiments, are you saying that the vice president went too far –“

Cutter: “No, I’m not”.

Mitchell: “-and that the president does not agree with the words that he used?”

Cutter: “If you look at the entire context of what the Vice President was talking about, he was making a point that if we repeal Wall Street reform which is what Mitt Romney and Paul Ryan want to do, we’re going to go back to the days where they’re writing their own rules, and we saw what happened. Taxpayers had to bail them out. We had to spend billions of dollars of taxpayer dollars bailing them out. Now I would think that that, you know, that is a problem for middle class taxpayers. That would hamper their ability to take care of their own finances.”

MITCHELL: “The bottom line that the President agrees with Joe Biden’s sentiments but not his comments?”

CUTTER: “The bottom line is that we have no problem with those comments.”

Governor Romney doesn’t want to “let Wall Street write their own rules” but Team Obama believes if they hamster-wheel this lie over and over, like all the other lies they spout, Americans will believe it.

Does “Romney-is-a-felon” Cutter really want to go there - talking about taxpayer bailouts?

Hmm. Let’s talk about GM - headed for bankruptcy again? Or, how about that $535 million of vanished taxpayer money Obama showered on Solyndra?

Have you heard about A123 Systems?

It’s a green company based in Waltham, MA, that makes hybrid/electric car batteries. In 2009, A123 was handed a quarter BILLION grant by Obama. The company also received another $135 million in grants and tax breaks from Michigan. A123 also sucked up another $30 federal million for a wind energy whim. Their stock peaked at $25.77 per share. It’s now at 45 CENTS per share. In July, company officials said they only had five months of operating cash. Get this: A Chinese auto parts maker, Wanxiang Group, is investing up to $465 million in the broke company - buying A123 (owning 80% of the firm) for pennies on our dollars. Obama used OUR money to bankroll green technology which has ended up in CHINA’s hands.

Other Obama green energy companies receiving taxpayer money who have stuck it to us: Tesla - $465 million, Fiskar Automotive - $529 million, Ener1 - $118.5 million, Beacon Power - $43 million, Abound Solar - $400 million, Amonix Solar - $15.4 million DOE grant plus another $9.5 million in federal tax credits, Energy Conversion Devices & United Solar Ovonic LLC - $13.3 million tax credit, Evergreen Solar - $125 million plus $58 million from Massachusetts, Mountain Plaza, Inc. - $424,000, Spectrawatt - $500,000, Azure Dynamics – couldn’t find exact amount, but MILLIONS lost, and Solar Trust of America - $2.1 billion.

Troubled green companies for which taxpayers could be on the hook:
Ecotality
BrightSource Energy
Cogentrix Energy

A few other companies receiving Obama stimulus money or tax breaks:
Babcock & Brown,
Granite Reliable Power
Johnson Controls
NextEra Energy
Nissan
NRG Solar
Olsen’s Crop Service
Range Fuels
Schneider Electric
Thompson River Power LLC
Willard & Kelsey Solar Group

What about all those “shovel ready” jobs Obama touted to help push through his stimulus bill? Well, the shovels weren’t ready.

The half of America that actually pays taxes are on the hook for Obama’s $787 BILLION Recovery Act Bill – better known as the Stimulus Stinker DUD. He did that to us. And don’t forget, in January 2011, Obama whined and pouted for another $447 BILLION – which, thankfully, he didn’t get.

But, I digress…

Back to ol’ Joe. American Crossroads Super PAC reminded us today why Biden is good for the Romney/Ryan ticket:

Run, Joe. Run

It’s been a bad week for Team Obama.

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Romney Ad: “Obama Gives Taxpayer $$ to Big Donors, Watches Them Lose It”

In an unprecedented action from a sitting president, President Obama lurched straight out of the campaign gate a few weeks ago with a barrage of negative ads against Mitt Romney. At every opportunity, he headbutts private equity/venture capitalists and Romney’s 80% success rate at Bain Capital. Obama says this is his reelection focus. (Don’t look America… Obama raised funds from a private equity group he previously attacked.) The once-resounding Obama message of hope and change isn’t even whispered anymore.

You know it’s bad when even left-leaning ‘Face the Nation’s’ Bob Schieffer notices Obama’s negativity.

Romney’s new web ad, released today, shows he’s noticed, too. It targets the real cause of Obama’s headaches - his borrow-and-tax policies which have lead to… nowhere: Solyndra, First Solar, ECOtality, and SunPower.

Not Even Half

The facts, Ma’am:

The Obama Administration Loaned Over Half A Billion Dollars To Solyndra – Which Later Went Bankrupt And Laid Off 1,100 Employees.

“In a blow to the Obama administration’s efforts to create green jobs, solar-cell maker Solyndra announced Wednesday that it will close its remaining Fremont factory, layoff its 1,100 employees and file for bankruptcy. The news marked an abrupt end for a company once considered among the most innovative in a fast-changing industry. The bankruptcy also represents a high-profile failure for a federal stimulus program that gives loan guarantees to green-tech manufacturers. Solyndra was the first company to win one of the guarantees, receiving $535 million in 2009 to build its second factory in Fremont less than a mile from the company’s original plant.” (David R. Baker and Carolyn Said, “Solyndra Closes Fremont Plant - Stimulus Hopes Dim,” San Francisco Chronicle, 9/1/11)

The Obama Administration Provided More Than $3 Billion In Loan Guarantees That Benefitted First Solar – A Company That Recently Announced Layoffs And Hit Record Lows In Stock Value.

“First Solar. The Obama administration provided First Solar with more than $3 billion in loan guarantees for power plants in Arizona and California. According to a Bloomberg Businessweek report last week, the company ‘fell to a record low in Nasdaq Stock Market trading May 4 after reporting $401 million in restructuring costs tied to firing 30 percent of its workforce.’” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

After Receiving Approximately $126 Million In Taxpayer Money, ECOtality Has “Incurred More Than $45 Million In Losses.”

The Obama administration gave ECOtality $126.2 million in taxpayer money in 2009 for, among other things, the installation of 14,000 electric car chargers in five states. Obama even hosted the company’s president, Don Karner, in the first lady’s box during the 2010 State of the Union address as an example of a stimulus success story. According to ECOtality’s own SEC filings, the company has since incurred more than $45 million in losses and has told the federal government, ‘We may not achieve or sustain profitability on a quarterly or annual basis in the future.’” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

ECOtality Is Currently “Under Investigation For Insider Trading.” “Worse, according to CBS News the company is ‘under investigation for insider trading,’ and Karner has been subpoenaed ‘for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company.’” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

“A Company Called SunPower Got A $1.2 Billion Loan Guarantee From The Obama Administration…”

“This is just the tip of the iceberg. A company called SunPower got a $1.2 billion loan guarantee from the Obama administration, and as of January, the company owed more than it was worth.” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

In 2011, SunPower Lost More Than Half A Billion Dollars And Announced Layoffs.

“Now, San Jose’s SunPower, another solar panel maker, has hit rough waters — a $370 million quarterly loss — which will trigger layoffs and the exit of two top executives. SunPower CEO [Werner] thinks a turn-around won’t happen overnight. ‘We see this as a year to maybe two years, and then we see significant demand, a resumption in significant demand growth,’ Werner said. But the slowdown in sales and a flood of low-cost panels coming in from China have extended SunPower’s losses this year past a half-billion dollars.” (David Louie, “CA’s Solar Industry Continues To Show Signs Of Distress,” KGO-TV [San Francisco, CA], 11/4/11)

► Does Fisker ring a bell? (updated)

Does the Fisker investment seem like a terrible investment? Absolutely. Is this a clear cut case of “crony capitalism” as Romney says it is? Let’s investigate.

Read about it here.

“$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.”

“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.” (Peter Schweizer, “Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans,” Newsweek, 11/12/11)

The Energy Department’s Inspector General Found That Contracts Were Steered To “Friends And Family.”

“The Department of Energy’s inspector general, Gregory Friedman, who was not a political appointee, chastised the alternative-energy loan and grant programs for their absence of ‘sufficient transparency and accountability.’ He has testified that contracts have been steered to ‘friends and family.’” (Peter Schweizer, “Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans,” Newsweek, 11/12/11)


See the new ad from American Crossroads below the fold.

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