Obamacare’s Class Act – fully paid for, oh wait! No??

Health and Human Services Secretary Kathleen Sebelius announced Friday in a blog post on the liberal Huffington Post website that the administration did not see a way to make the program sustainable. Sebelius indicated her agency hadn’t been able to figure out a way to ensure the program providing long-term care paid for itself as required by law

Friday the Department of Health and Human Services announced the CLASS Act portion of Obamacare was a no-go.  I know this action got caught up in the Friday news dump. But wait, before we get into the weeds of our Schizophrenic President and his take on this, enjoy taking a spin in  the “way back” and see what the Dems had to say back in 2009. Enjoy! Its worth the ride.

. Today, White House officials suggest that President Obama would veto any bill repealing the measure, according to The Hill.

“We do not support repeal,” the official said Monday. “Repealing the CLASS Act isn’t necessary or productive. What we should be doing is working together to address the long-term care challenges we face in this country.”

Over the weekend, The Hill has learned, an administration official called advocates of the Community Living Assistance Services and Supports (CLASS) Act to reassure them that Obama is still committed to making the program work. That official also told advocates that widespread media reports on the program’s demise were wrong, leaving advocates scratching their heads.. More at  Lonely Conservative

Green Tesla Motors – another Solyndra

Pajamas Media has a great expose on the DOE and their handout of our money to the well-connected. It is a great read, and worth the whole thing. Talk about arrogance. While Obama is out on the campaign trail, telling lies that belie his thieving ways with his cronies, this goes on. I am willing to go out on a limb and say, after this whole regime comes to an end, we will find him to be one of the most corrupt. Where is the MSM??? Back in September of 2009 I did a post: Al Gore gets a $529 Million Govt.loan to build luxury hybrids:

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

This is not for average Americans,” said Leslie Paige, a spokeswoman for  Citizens Against Government Waste, an anti-tax group in Washington. “This is for people to put something in their driveway that is a conversation piece. It’s status symbol thing.”

Now here we are in October of 2011. This has been going on since the beginning of his administraton.

“The secret to access to the DOE money is The Westly Group, run by California Democratic Party stalwart and big Obama campaign bundler Steve Westly. The former eBay executive wasn’t merely a prodigious fundraiser for Obama, raising $500,000 for his presidential campaign. He also served as the president’s California campaign co-chairman. Another Obama $500,000 bundler was Solyndra investor George Kaiser and his foundation”.

Westly got statewide attention in 2006 when he spent $35 million of his own money to run an ugly and largely negative race against California state Treasurer Phil Angelides for governor.

Westly is a personal friend of President Obama, and since the election has visited the White House for meetings and social parties. He privately dined with the president in February with a small group of Silicon Valley billionaires. It was called the “trillion-dollar dinner.”

The resignation of Jonathan Silver, the U.S Energy Department’s top loan officer, over the Solyndra scandal may be the tip of the iceberg. He supervised a much larger DOE loan program that suffers from the same problems as Solyndra: over the last 18 months, the Department has awarded more than $9 billion in below-market loans to auto companies under its Advanced Technology Vehicle Manufacturing (ATVM) Loan Program.

The most troubling transaction: a $465 million loan to California’s Tesla Motors. Tesla received a loan rate of 1.6% from DOE to manufacture an all-electric car that will sell for nearly $50,000. It will not exactly be the people’s car. Tesla also builds luxury sports cars that retail for $103,000 to $128,000.

Tesla also is no simple new age car company. It is owned and financed by big donors to the Democratic Party and to Barack Obama’s 2008 presidential campaign. Tesla’s principal owner is Elon Musk, the founder of PayPal. He has an estimated personal wealth of $672 million. His firm received venture capital from the The Westly Group, Daimler Chrysler, and from Abu Dhabi investors. The firm has partnerships with luxury sports car manufacturer Lotus and with Mercedes-Benz. Full story here that reads like a “who done it” Pajamas Media

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