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LightSquared: Another Solyndra? 

By: DueDillinger in CONSTITUTION | Recommend this post (3)
Sat, 17 Sep 11 8:29 PM | 84 view(s)
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Msg. 15171 of 21975
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A pattern of providing White House support to favored companies — at taxpayer risk — is emerging.

There’s a White House scandal involving favoritism towards a specific company high on President Obama’s political agenda — and it’s not Solyndra.

In this case, the company owner happens to be a big Democratic Party donor. And in the pursuit of giving preference to a specific company, the White House undercut a legendary four-star general and potentially undermined U.S. national security. Adding fuel to the explosive story: at one time President Obama was a personal investor, with $50,000 of his own money.

The company? It’s called LightSquared. And you’re likely to hear more about it in the future. The scandal involves the White House overruling the Pentagon, endangering the American GPS commercial marketplace, and playing favorites to a single company — all to please a well-positioned Democratic donor and advance an Obama pet project. 

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http://pajamasmedia.com/blog/lightsquared-another-solyndra/?singlepage=true

YHIHF!

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