Comments on: Chu Unveils DOE Changes, Timeline for Stimulus Energy Spending

By: Porter Smith

Porter Smith — Wed, 01 Sep 2010 17:47:42 +0000

The hired lobby flacks for GM, Ford & Chrysler were ordered to DC to wave money at some senators in order to get $25B of tax payer $$ because Detroit was going broke. The Senators said,” we can’t get you any more taxpayer money because the public thinks you are lying” “Tell them we need the money to build electric cars- and then we can BS them into coughing it up” said the lobbyists. “Great idea” said the Senators as they took their 10%. But Senator Bingaman caught them and said: “I’m just gonna stick two little clauses in this give-away bill called Section 136. One: you can’t get the money if you are going bankrupt and, two, all American car companies should have access to it”

In 2008 only five car companies had applied before the deadline.
The Bad Guys:
Lachland Seward
Steven Chu
Nancy Pelosi
Matt Rogers and his partner Steve and most of Tesla’s friends at McKinsey Consulting from Silicon Valley (Who used Tax payer jets to fly back and forth to Silicon Valley to go bike riding)

The few applicants that did get money spent tens of millions of dollars on bribes and lobby “incentives” equal in ratio to the money they got.

Google Tesla’s Siry on “DOE stifles innovation” to read what one of the highest level staff at one of the car companies said.

The GAO, a federal crime busting agency, just released public reports saying that the DOE Loan programs were corrupt. All of the people under Seward were “connected” or “made men” in the Detroit cadre. Seward change the section 136 first-come-first serve rule (Which appears to be illegal) in order to provide advantages to Detroit and cut out the smaller players.

Detroit has already wasted, or lost, more money than all of the other applicants requests put together. Seward set-up blockades for those who were not insiders and “freight-trained” his friendlies through the process.

Those who got the money failed on the same things that those who didn’t passed on. It was 100% crony, 100% favoritism and 100% corrupt.

By: How the DOE’s Loan Guarantee Program Falls Short

How the DOE’s Loan Guarantee Program Falls Short — Tue, 13 Jul 2010 07:01:33 +0000

[...] for a company like Solyndra and Abound Solar, although it’s not money in the bank. As the DOE explained about its loan guarantee program last year, recipients still have to “secure their own share of [...]

By: How Long To Expect the Loan Guarantee Process to Take

How Long To Expect the Loan Guarantee Process to Take — Fri, 05 Feb 2010 21:05:51 +0000

[...] Energy Secretary Steven Chu fast-tracked the long-stalled $25 billion dollars in loans and loan guarantees, created as part of the Energy Policy Act of 2005 and appropriated by Congress in 2006, it was a [...]

By: Stimulus Funds Almost Fully Tapped – Time For the Jobs Crunch

Stimulus Funds Almost Fully Tapped – Time For the Jobs Crunch — Wed, 20 Jan 2010 21:41:21 +0000

[...] boost the U.S. economy. Rogers and Secretary of Energy Steven Chu have in a matter of mere months transformed the methods and pace at which the DOE selects and allocates funding. The environment of the DOE before Chu and Rogers [...]

By: DOE Backs Energy Storage: Beacon Power Scores $43M Loan Guarantee

DOE Backs Energy Storage: Beacon Power Scores $43M Loan Guarantee — Thu, 02 Jul 2009 17:13:54 +0000

[...] a much-delayed DOE program to three in the last four months (Energy Secretary Steven Chu made it a priority to accelerate the program when he entered office). In late March, cylindrical solar panel maker Solyndra snagged the first [...]

By: How to Speed Up DOE Loan Guarantees

How to Speed Up DOE Loan Guarantees — Fri, 22 May 2009 14:20:04 +0000

[...] in the Department of Energy loan guarantee program. Like Energy Secretary Steven Chu, they want to get money moving pronto. So this week groups representing solar, wind, biomass, geothermal, hydro and nuclear power [...]

By: LoLee Green » Obama’s Green Acheivements in 100 days

LoLee Green » Obama’s Green Acheivements in 100 days — Fri, 01 May 2009 08:11:54 +0000

[...] Streamlining the loan guarantee program at the Department of Energy, which gave out its first loanto a solar company on March 20 [...]

By: Photomaniacal » Blog Archive » Obama’s 100 days: Kate Sheppard on Obama’s green dream team and the environment

Wed, 29 Apr 2009 15:48:41 +0000

[...] signing off on the Clean Energy Service Corps as part of the landmark national service bill; and streamlining the loan guarantee programme at the department of energy, which gave out it’s first loan to a solar company on 20 March. [...]

By: Solyndra Snags DOE Loan Guarantee No. 1

Solyndra Snags DOE Loan Guarantee No. 1 — Fri, 20 Mar 2009 20:39:06 +0000

[...] 2009 at 1:38 pm in Startups Department of Energy chief Steven Chu wasn’t kidding about accelerating the agency’s loan guarantee program. The DOE today offered Fremont, Calif.-based thin-film [...]

By: DOE Chief Chu Gets His Way, Does Away With Deadlines for Green Car Loans « Earth2Tech

Mon, 09 Mar 2009 21:34:59 +0000

[...] 1 that he intends to get long-delayed loans out the door ASAP. Now he has knocked out one of the obstacles he saw creating drag for the Advanced Technology Vehicle Manufacturing incentive program: a set of hard [...]

By: Downturn Pins Coskata’s Commercial Plant on Government Aid « Earth2Tech

Fri, 06 Mar 2009 17:31:34 +0000

[...] Chu said last month that new loan guarantees will be offered under the stimulus legislation by early summer, and at least 70 percent of its share of the stimulus will be disbursed by the end of 2010. Bolsen further explained Roe’s comments and the effect of the downturn on the company’s ability to raise financing: “In this financial environment, banks are not lending to themselves, let alone renewable energy projects.” [...]

By: Quick Federal Action Could Prevent “Raft” of Cleantech Bankruptcies: Report « Earth2Tech

Wed, 25 Feb 2009 17:44:14 +0000

[...] address on the White House blog.) Energy Secretary Steven Chu has also revealed a sense of urgency, pledging recently to disburse 70 percent of the DOE’s stimulus share by the end of 2010. In today’s report, [...]

By: When Not to Jump on the Stimulus Bandwagon « Earth2Tech

When Not to Jump on the Stimulus Bandwagon « Earth2Tech — Wed, 25 Feb 2009 05:02:39 +0000

[...] A loan guarantee may be granted quickly, but then the loan itself must be sought elsewhere (as the Department of Energy emphasized in its recent announcement about agency reforms). “We are in a turbulent financial [...]

By: Smart Windows Open Up More Funding for SAGE « Earth2Tech

Smart Windows Open Up More Funding for SAGE « Earth2Tech — Tue, 24 Feb 2009 16:46:38 +0000

[...] for its new Model S sedan and for battery development. Last week, Energy Secretary Steven Chu announced some changes at his agency to speed up those loans, with the cash potentially showing up by late April or early [...]

By: Broad Brush Issues « Politics or Poppycock

Broad Brush Issues « Politics or Poppycock — Fri, 20 Feb 2009 23:30:56 +0000

[...] Earth2Tech on Energy Dept. moving fast to spend stimulus funds: “Secretary Steven Chu has made hasty work of shaking up the Department of Energy. Today the agency announced a series of reforms designed to expedite the dispersal of loans and loan guarantees … This means new allotments for the smart grid, advanced batteries, alternative-fuel vehicles and the array of clean energy initiatives supported by the stimulus will likely avoid languishing in the kind of multiyear application and evaluation process used for the $25 billion low-interest loan program for fuel-efficient vehicles and the Loan Guarantee Program for clean energy technologies.” [...]

By: Environmental Capital - WSJ.com : Green Ink: Get Ready for the Climate Rumble

Environmental Capital - WSJ.com : Green Ink: Get Ready for the Climate Rumble — Fri, 20 Feb 2009 13:19:03 +0000

[...] [...]