Solargate

I'm a news junkie, and I remember well when the whole Watergate mess was unfolding, the hearings being held, and finally when Nixon was forced to resign. It never seemed inevitable, at the time, that Nixon would have to go.

I'm starting to hear a drumbeat in the media: Barack Obama is in more trouble with this Solyndra mess than he thinks. Political survival trumps loyalty. The Democrats know that their careers are on the line if they can't do something about this inept Obamafraud before 2012, and in the Solyndra debacle they may have found the answer to their problem.

Here's an article at American Thinker by Monty Pelerin: "Will Scandal Drive Obama Off the 2012 Ticket? "The reality is that Obama is spent. His false magic is no longer. He has become a cartoon figure to many Americans and more foreigners. Familiarity has produced contempt. He is a fraud, a man who never was anything other than a carefully scripted and wonderfully executed marketing campaign. . . . Snake oil is never purchased a second time." Perelin says a tipping point for this president has been reached "in the last month or so. The myth of Obama has ended. There is now open talk from the media that Obama cannot win in 2012."

Perelin says, and I think it makes perfect sense, that the mainstram media isn't interested in covering for a failed candidate. They have to realize how much credibility they've lost in the minds of their consumers of news: "The press is more interested in saving what credibility they have left, rather than justifying an increasingly indefensible and broken presidency." Perlerin believes that entrepreneurs within journalism's ranks are likely to focus on filling in the blanks of Obama's missing past. "Now that it is acceptable to attack, if not destroy, the fallen hero, look for lots of new information to come out. . . . This is a very dangerous time for the president."

Pelerin links to a very interesting website in his article at zerohedge.com: "Why was Congress forced to subpoena head of Obama's Budget Office to get info on Solyndra?" Be sure to check out the slideshow. Those slides are devastating for ObamaTeam.

Here's a Reuter's article about crony capitalism and Solyndra: "Solyndra, the logical endpoint of Obamanomics." --"At its core, Obamanomics is about the top-down redistribution of wealth and income. Government spending on various "green" subsidies and programs, along with a cap-and-trade system to limit carbon emissions, would enrich key Democrat constituencies: lawyers, public sector unions, academia, and non-profits. . . . Obamanomics, essentially, would divert taxpayer dollars to the Green Lobby--and then into the campaign coffers of the Democratic Party. . . . And Obama almost pulled it off." It's a great read.

Here's Andrew C. McCarthy at National Review Online: "The Solyndra Fraud." --"The Solyndra debacle is not just Obama-style crony socialism as usual. It is criminal fraud." McCarthy goes on to describe the "sweetheart deal" signed off on by the Obama Energy Department--"cozily connected private investors would be given priority over American taxpayers" when the company went belly-up. And as McCarthy points out, criminal law targets anyone who attempts to influence the issuance of government loans by making false statements. "The penalties are steep: Fraud in connection with government loans, for example, can be punished by up to 30 years in the slammer." This long article is a must-read for understanding just how much trouble Solyndra may be, not just for people in Obama's administration, but for Obama himself.

How does it end? asks Perlerin. "My guess is that investigations go forward and are used to leverage Obama out of office. He will 'choose' not to run for reelection. He understands Chicago-style politics, even when he is on the wrong end."