John Ransom

With the presidential campaign in full gear, expect Darrell Issa (R-CA), chairman of the House Committee on Government Oversight and Reform to expand his public probe of the Obama administration’s green crony program that included risky loans to below-investment-grade companies like now-bankrupt Solyndra. 

The Republican National Committee (RNC) yesterday released a devastating 22-page report on the green company scam formerly known as Solyndra. 

The report contains hundreds of cited quotes charging the Obama administration with corruption, mismanagement, evasion of responsibility and outright fraud in connection with government-backed loans to the company even as Solyndra slid into bankruptcy.

The issuance of the report by the RNC is not coincidental. It’s another sign of how the GOP expects to sap and mine the foundations of Obama’s administration throughout the summer, hammering the message home that you just can’t trust Obama to manage anything without it becoming political, reckless and wasteful. 

When conservatives have complained to me that Congress has done too little to educate the public about the corruption and mismanagement in the Obama administration, I have counseled them to just wait until summer.

Hearings conducted on the subject last fall were just a warm up. Now that the election looms, watch out.   

Recovery Summer?


Let’s just call it Discovery Summer, as in “Here’s your subpoena, better bring your lawyer too.”   

Among the most serious of the charges made by the RNC and Issa are those of influence peddling to top donors including “Oklahoma billionaire George Kaiser, who bundled between $50,000 and $100,000 for Obama’s 2008 campaign, [and] was one of Solyndra’s lead investors,” according to

Kaiser in fact made 16 trips to the White House according to the RNC’s report.

Indeed, other Obama pals seemed to make out just as well at your expense.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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