As more developments arise in the Solyndra case, we find the specifics of how it was none other than Jacob Lew, the head of the Office Management Bureau, elsewhere known as the guy who puts together all those forecasts that Obama pulls out of his hat as
seeing growth of 3.7% in 2012 here and budget savings of
$4 trillion there , got subpoenaed, and not just over anything, but over the deal that is rapidly becoming Obama's Solargate: Solyndra. As a recap: the man who is the "expert" on how the US will get out of its multi-trillion deficit had to be subpoenaed by Congress to explain his secretive actions that ended up most likely harming US taxpayers for reasons still unknown (but not for long), and what is far worse,
Congress has to subpoena the head of the OMB because it failed to exercise proper oversight of the stimulus money in the $787 billion American Recovery and Reinvestment Act... and all this under the tutelage of a White House which recently won an award for
Anti-Secrecy ....which was present to the president by among other
Gary Bass of
OMB Watch ...And somehow we are expected to believe that fiscal stimulus in America has even a remote chance of being allocated productively (a fatal Keynesian flaw which Andy Lees
described earlier ) instead of pumping up crony capitalism schemes that enrich vested interests, and which drown in opacity and obscurity over which not even Congress has any supervision?
Lew subpoena
link here .
And where it gets fun is reading through the slides that have been prepared as part of the production for current and future testimony... and believe us, there will be
much more future testimony, as republicans have smelled blood shooting straight out of a punctured artery and are now circling around a president who probably doesn't even realize the danger he is in...
More
No comments:
Post a Comment