Obama Slammed Again Over Stimulus As $500,000,000 Went To Building Cars In Foreign Nation (Video)

U.S. President Barack Obama is in more trouble, due to stimulus funds he issued that did not benefit America. It has been revealed, Obama gave a new company called Fisker $529,000,000 in taxpayer funds, via the failed stimulus, for the unit to build electric cars in Finland, rather than America. This resulted in U.S. taxpayer funds creating jobs abroad, rather than in America.

Barack Obama

Add this to the billions more in stimulus funds that did not stimulate the U.S. economy, such as Obama personally giving solar company Solyndra $500,000,000 in U.S. taxpayer funds, only for the company to go bankrupt shortly after and it becomes evident the president is not good with money or astute at making wise financial investments. America needs a president that understands business and trade and how to generate jobs and revenues.

STORY SOURCE

Car Company Gets U.S. Loan, Builds Cars In Finland

Evelyn Lozada Sued By The State In Antoine Walker's $110,000,000 Bankruptcy Case

Evelyn Lozada

"Basketball Wives" reality star, Evelyn Lozada, has been sued by the South Florida Bankruptcy Court, for the money she received from her ex-boyfriend, former Miami Heat athlete, Antoine Walker, who had signed a $110,000,000 contract, but lost most of his money to luxury living and bad investments.

Evelyn Lozada at Dulce

The couple lived in a custom built Coconut Grove mansion in Miami for years, which has lingered on the real estate market for well over a year without any takers. The home is too big and overpriced for that section of the Grove, as surrounding properties shown online are much smaller.

Evelyn Lozada and Chad "Ochocinco" Johnson

During their relationship, Walker gave Lozada $560,000 to start the shoe store Dulce in the Miracle Mile section of Coral Gables. According to the federal court bankruptcy trustee, Lozada should not have been given the money, as Walker has creditors that are a greater priority.

Antoine Walker and Evelyn Lozada

As such, the trustee is suing Lozada to retrieve the money, plus court costs and interest. While she has made a few hundred thousand dollars on "Basketball Wives" and from public appearances, losing $560,000 plus legal fees and interest, will put a massive dent in her finances. Lozda's fiancé, football player, Chad "Ochocinco" Johnson is a millionaire, but may become concerned and not risk his cash, after witnessing the financial fall of Walker.

STORY SOURCE

'Basketball Wives' Star Sued for Helping Blow NBA Star's Fortune

Evelyn Lozada -- one of the stars of "Basketball Wives" who was once engaged to former NBA All-Star Antoine Walker -- is being sued for allegedly receiving hundreds of thousands of dollars illegally. The story is shocking. Walker raked in a whopping $110 million during his NBA career, in addition to untold millions in endorsements and other deals ... and he blew ALL OF IT and a lot more.

Walker filed for bankruptcy last year, and now the bankruptcy trustee smells a rat. It seems Walker gave Lozada $560,000 when he already knew he was going belly up. The trustee has sued Lozada, claiming the transfer was fraudulent -- an attempt to hide money from legitimate creditors. The trustee says Lozada used the money to start a Miami shoe store called Dulce, and now the trustee wants the $560k back.

http://www.tmz.com

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TLC’s T-Boz Files For Bankruptcy Again

New Financial Woes

T-Boz

T-Boz, real name Tionne Watkins, of the best selling girl band in music history, TLC, has filed for bankruptcy again. The first time Watkins filed for bankruptcy, utilizing Chapter 11, was in 1995 with her fellow band members in TLC. This time she is filing for herself.

T-Boz

After TLC’s alleged $20,000,000 settlement with their label LaFace Records in 1996, the band split the money three ways, paid taxes on it and regrouped, leading people to believe the group’s finances were in order. However, Watkins took on significant debt at a time the group was still doing well, before one of its members, Lisa Lopes died and the trio disbanded.

T-Boz

As the Judiciary Report reported months ago, one of Watkins’ Atlanta homes was in foreclosure. A second home, a well decorated property she lives in, which is located in the Sugarloaf Country Club, is for sale as well, due to financial troubles.

TLC's Chilli and T-Boz

However, the house has not sold after being on the market for over a year. Then again, most homes in America are not selling, due to the foreclosure crisis, but that’s another story. This has saddled Watkins with a large mortgage, which based on what she states she currently owes on the property, her monthly payment is between $7,000 to $10,000, in addition to real estate taxes, country club dues and upkeep fees.

TLC

Watkins, who was married to rapper Mack-10, previously stated, he took out mortgages in her name and one was for the property that slipped into foreclosure. It is also being reported, he owes her $250,000 in child support. He has not been doing much work in the entertainment industry, to repay said figure. Watkins left the marriage due to domestic violence.

TLC

Watkins also has another problem. Due to sickle cell anemia and a brain tumor that was removed by a top surgeon, she has paid a lot of money in medical bills. I did wonder how she could get medical insurance in the current system, with all of the preexisting, significant health problems she has battled over the years. It can’t be easy. She must have paid many of the bills herself or a very high insurance premium.

Florida Courts Have Gone Bankrupt Requiring An Emergency $46,000,000 Bailout Loan From Governor Rick Scott

Miami, Florida federal courthouse is a den of corruption

The Florida court system went bankrupt this month, requiring Governor Rick Scott to issue an emergency $46,000,000 loan to keep the courts open. A few years ago, I warned this would happen if the corruption in the court system continued, which I witnessed and wrote about online firsthand, regarding the Madonna and FBI cases in Florida.

I did state if the public lost faith in the integrity of the judicial system, revenues would go down, as people would stop wasting their money filing cases, choosing other non-court services to resolve disputes, due to the corrupt decisions they saw emanate from certain judges.

Revenues did go down and all they court were relying on to stay afloat is foreclosure filings by banks, which is corrupt, as some of it is due to illegal robo-signings. But when foreclosure filings began slowing down over the past several months, court revenues took a second hit it could not sustain. What a way to make money - putting people out of their homes they worked hard for over the course of many years.

Regarding the Madonna (2005) and FBI (2009) cases (Aisha v. FBI), nobody wants to see that corrupt mess coming from the courts. Have you any idea of how repugnant you look to the nation and the watching world as judges when you engage in corruption. People aren't stupid. People all over the world know what you've done. No one is impressed by that insidiousness. Do you really think people respect you for that garbage.

Rick Scott: you better pay me that money back!

Congress did not give you the authority to criminally strip people of their property and assets, to benefit stocks and other incentives you criminally accepted from defendants breaking the law, who stole from hardworking people. All of you that have done this are a disgrace. You deserved to be named and shamed.

Once again, you won the battle, but lost the war. You can't fight the internet (because now millions know and have shunned you). It will get you every time. If the courts would act with integrity, giving everyone a fair shake in accordance with the law, with certain judges refraining from taking bribes from the corporate sector, the U.S. financial crisis of 2008 would not have taken root as it did and revenues would be healthy all around.

The courts, particularly the federal section, shot down key lawsuits warning and complaining of grand scale theft and fraud from certain corporate entities, which allowed the criminal conduct to continue unimpeded, destroying the economy. Key lawsuits, in unrelated legal actions, by different people, were filed against lawbreaking banks, financial institutions, thieving entertainment companies and ponzi schemers like Bernie Madoff and R. Allen Standford (over a decade before they were arrested) for defrauding, robbing and gouging the public, but corrupt judges dismissed the cases, allowing said lawbreakers to go on and wreak worse havoc in America, costing the nation trillions of dollars.

At the end of the day, you have to accept the fact, thieves and frauds do not create and contribute to society, they only take from and destroy it. These judges and the FBI/DOJ were the nation's first line of defense against this criminality and they failed spectacularly.

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Scott grants Florida court system $45.6 million loan

Obama Referred To Newly Bankrupt Solyndra As "A Good Bet"

This Gamble Cost The Taxpayers Over $500,000,000

Barack Obama

On July 20, 2011 the Judiciary Report published the article "When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers." Almost three months later, on Thursday, October 6, 2011, President Obama stated in an interview, regarding the failed solar company Solyndra, which he personally backed and underwrote with $500,000,000 in U.S. taxpayer money, it seemed like "a good bet." Mr. Obama just proved the Judiciary Report's previously claims correct once again.

The government has not been using sensible methods to decide which companies and organizations received stimulus funds or how to correct the economy, which is why each attempt at a real recovery keeps failing. You cannot have the mindset of a gambler in public office, especially when it comes to taxpayer money, as it will end in disaster. There's a science to it.

Once again, proven industries, with strong track records, should have been first priority for stimulus funds, with tight restrictions on what can or cannot be done with the money (i.e. no hoarding, misappropriation, embezzlement, offshore accounts, splurging, wasteful expenditures, big bonuses, sizable raises with the money - even going so far as listing unacceptable percentage increases in pay).

Another problem I have noticed is the Obama Administration, much like George W. Bush (Mr. "Laissez Faire" more like "Lazy Fare" when it came to Bush) before him, is too hands off with the economy and it has and continues to breed bad results. One has to get involved. You can't just dole out money, let the chips fall where they may (another gambling term) and expect it to all turn out okay. Why would the nation need a president, if the country desired lack of supervision, input or involvement from said elected leader. Think about that!

If I were a head of state, one of the first things I would have done upon taking office, especially in this economic climate, is make a list of the nation's top companies, then formally asked them how I could help them increase revenues and present my ideas on how said goal can be achieved. Strengthen what you have that works. It's not a matter of being greedy, but a country needs jobs to keep citizens working and productive, in order to feed their families. One also has to shore up manufacturing, but Obama has not done that. In a big nation like America, that was imperative.

Personally, I don't think Obama is okay, as something's gone wrong with him. He is not listening to reason, science or even history nor is he following any national business plan that is logical. Special interests and lobbyist have gotten their hooks too deep into him and have given him false assurances about the financial measures they have asked him to take, regarding how they will pan out.

Obama has squandered many great opportunities to turn the economy around, via not properly taking the reins on stimulus spending, doing too much of it, giving the money to certain corporations that did not deserve it and failing to raise taxes on the rich as soon as possible, after attaining office.

Some state Obama would have fallen out of favor with the rich and influential, but so what. They aren't the majority in most nations (and their bills are paid). As head of state, I wouldn't have worried about the rich. When they are eating lobster and caviar, they wouldn't be thinking about me. But the poor, who do not have enough to eat, would be thinking about me, wondering why as head of state, I did not help them.

Mr. Obama is going the wrong way with the economy, as the Judiciary Report has warned for two and a half years. Now he only has a few months, not even a year, to change things before the next election is in full swing, which really isn't any time.

Congress really isn't much better. It would be good to see the government change, but they are not doing it, which means the public will have to change them via their vote and hope the next set will possess more economic savvy and political prowess.

STORY SOURCE

Obama defends loan to Solyndra, calling it a 'good bet'

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Executives From Obama's Bankrupt Solyndra Will Plead The Fifth In Congressional Hearing

Barack Obama

Reuters is reporting today that executives of the newly bankrupt solar company, Solyndra, who President Obama fully backed, attended their corporate meetings and gave $500,000,000 in taxpayer money the country will never see again, will plead the fifth in Congressional hearings, invoking the Constitution, to prevent self-incrimination. This lends the appearance of guilt on their part and the taxpayers deserve a better explanation, rather than none at all via a cop out.

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Government Gullibility: Played For Suckers Or Was Solyndra A Front For Something Else

Barack Obama to White House staffer: this is the President. I'd like for you to send some gold bricks to Solyndra and gift wrap it with the note, "From Barry, with Love."

In reading the latest information coming out about the bankruptcy of President Obama's favored Solyndra solar company, which wasted over a half a billion dollars of taxpayer money, one is left to wonder, was the government really that gullible, did Solyndra play the Obama administration for suckers or was the company a cover for something else.

$535 million dollars is a lot of money to commit to a new company, especially one with unproven products and services. Yet, the government had no qualms about doing so, fast tracking the loan within six days, jumping in head first, in what was a terrible deal from the outset. Do you know how many small businesses in America would love a simple $5,000 to $10,000 loan and can't get one, yet Solyndra received this windfall of cash.

President Barack Obama and Chris Gronet of Solyndra

The FBI demands taxpayer money from Congress, claiming it is for one thing, but behind closed doors, often uses it for illegal secret programs that shred the U.S. Constitution. Was Solyndra using taxpayer money for reasons other than what was disclosed to the public, as I find it hard to believe any company could blow through half a billion dollars and have absolutely nothing to show for it. What happened here.

I have a question, if I go to Home Depot, buy some sheets of Plexiglas, spray them black, leave them out in the sun and call it a solar initiative, will the government give me $528,000,000 to play with too. Hey, it doesn't hurt to ask.

The FBI raiding Solyndra. Yea, now they want to investigate something, after the brown stuff hit the fan and the taxpayers' money is gone

An article published yesterday in the San Francisco Chronicle indicates, Solyndra sent an "upbeat" report to the government in July 2011 and they apparently bought it hook line and sinker (Feds probe Solyndra's upbeat July report). This was six weeks before they filed for bankruptcy, yet as recently as six months ago, the Judiciary Report again warned the Obama Administration needed to drop its solar initiatives.

If I knew, shouldn't the government have known as well. You mean to tell me the White House and the FBI, an investigative agency, where the President meets with its director, Robert S. Mueller, on a weekly basis, did not know what was going on at Solyndra.

Obama at Solyndra pretending he understands what they are talking about, not realizing it is rubbish that will go on to cost the taxpayers a boatload of cash. He should have let me go there for him, because the first thing out of my mouth after their long speech would have been, "You're talking pure bull!"

It's amazing - the FBI will illegally pry into the lives of writers such as myself (FBI Reproved For Spying On Journalists), day and night, even inappropriately talking to people I know personally, in bids at unconstitutionally swaying my sites and wanting to have unflattering things about them removed, yet a company like Solyndra that was loaned a half a billion dollars in taxpayer funds, they ignored, allowing them to blow all that money and during a financial crisis.

I'm pretty sure, had you collectively asked the taxpayers, who they would have wanted you to spend taxpayer money investigating, giving them the option:

a.) a wonderful annoying, smart alec blogger with a proven track record record of exclusives, who accurately called the FBI a bunch of corrupt privacy invaders wasting the taxpayers' money (the male ego can be so fragile)

-or-

b) a company (Solyndra) loaned $500,000,000 of taxpayer money that will go bankrupt and not repay it, much like the annoying blogger in option "a" warned would fail WELL BEFORE IT HAPPENED.

I'm sure the American people would have chosen option "b" Solyndra over the irritating, smart alec blogger that didn't do anything to anyone. As usual, the FBI continues to pry into the lives of the wrong people, while the real trouble happens elsewhere.

My point? The taxpayer money you wasted watching writers like me and covering it up by hiding the Freedom of Information Act files that reveal it, you could have spent investigating Solyndra and stopped this waste of $500,000,000 in taxpayer money, before the damage was substantial. Personally, I'm offended.

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