Saturday, October 15, 2011

Obama Energy Department

... The Law Prevents Us From Doing What We Want, Therefore the Law Doesn’t Apply

by Andrew C. McCarthy - October 14th, 2011 - National Review

How absurd is the Obama DOE’s explanation for violating the federal law against prioritizing private lenders ahead of taxpayers (i.e., sliding the president’s Solyndra cronies ahead of the public)? As Andrew’s post demonstrates, it is laugh out loud absurd — or at least it would be if the scheme were not so outrageous.

Let’s put aside for the moment that, by the administration’s “reasoning,” the public could be robbed on every loan by simply “renegotiating” it 10 seconds after it was finalized. What is truly priceless is the administration’s claim that the law had to be ignored because “investors are unlikely to make an equity investment in a distressed company on commercially acceptable terms” if they’re not given this protection...

The arguments that are being proposed by the Barack Obama administration would be ridiculed by any objective observer. Like the Obama administration refusal to enforce other laws they find inconvenient or which were passed against the wishes of the extreme left wing of the Democrat Party, the waste of taxpayer money to fund green energy is a political choice to practice executive branch tyranny. Obama does what he wants and is insolently contemptuous of the laws of our nation.


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