
If you were outraged back in 2009 when the banks that played a large part in the economic meltdown handed out large bonuses to their executives, you may have just found an unlikely ally. Well, kind of.
Fox and Friends hosts Steve Doocy and Brian Kilmeade expressed their consternation at the bonuses being handed out to employees at bankrupt solar panel company Solyndra LLC.
That's right, the same Fox and Friends who began a segment on bank executive bonuses by asking whether government limiting executive compensation will "eliminate the motivation to actually work hard".
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Rep. Darrell Issa in recent days has moved on from bashing the Obama administration's support for the failed solar-company Solyndra to training his sights on another federal loan guarantee -- $730 million for the U.S. subsidiary of a Russian steel company.
During an interview on Fox News Thursday, Issa said the loan for Severstal North America, which is based in Dearborn, Mich. "never should have passed the sniff test."
"We'd like to have a reversal on the commitment," Issa said of the $730 million Severstal loan. "...One of the great scandals here is, remember, this is just making steel, and as a matter of fact, the type of steel for which there's an excess in the market. But more importantly, the jobs that are being, quote, created here are being moved from other plants. So this is an example, no jobs created, not green energy, not necessary to make this happen, and not a U.S. investor. So on every possible count, the American people care about, this loan never should have passed the sniff test."
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Late Wednesday, Republican press flacks blasted out a CNBC story whose headline claimed the Energy Department had altered Solyndra-related documents -- to shield the administration from further political embarrassment.
Here's a spokesman for House Speaker John Boehner retweeting another Boehner spokesman, who claimed the Obama administration has been caught red handed. So busted!
Except nothing close to this ever happened, and CNBC has now corrected its headline.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Remember all the handwringing from the Secret Service and the National Security Agency over President Obama's decision to keep using a Blackberry while serving as commander-in-chief?
Turns out, it may have been warranted for reasons entirely unrelated to personal or national security. In every Washington scandal or headline grabbing lawsuit, it's the emails that getcha, and for the first time a sitting President is known to have plenty of the chatty Internet missives piling up.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)With the solar energy company Solyndra going belly up, some Republicans have started to question the Energy Department's entire loan program. Not House Speaker John Boehner (R), who on Friday called for the Obama administration to send some of that federal cash back to a company in his Ohio district.
Boehner's office wants the Energy Department to approve USEC, Inc.'s application for a loan to construct a uranium enrichment plant for the American Centrifuge Project. They say that USEC's proposal is solid and would "bring thousands of good-paying, long-term jobs," which they said stood "in stark contrast to the 'stimulus'-centric Solyndra saga."
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