as i said beacon power is the latest u.s. alternative energy casualty that is filed for bankruptcy after getting loans from the u.s. government it received forty three million dollars as a loan guarantee from the obama administration's clean energy program and of course there was the solar panel makers the lindros that went belly up a couple months ago now that one could cost taxpayers five hundred million dollars now cylinder one of the alone for solar panel maker is declaring bankruptcy two other u.s. companies declared bankruptcy around the same time one of the reasons they said they simply could not compete with china also the financial times today reports a deal to build a ten billion dollars oil refinery in saudi arabia is expected to be signed soon now this deal will go to china and that's after a u.s. company pulled out last year and now this is tapped in this report as a sign of more than just one deal but as a sign that middle eastern oil rich countries are shifting away from washington now the u.s. has fought wars

the more we look at this, and beacon power is another one that went bankrupt.the second one they afford out of these loan guarantees. after the first three two have gone bankrupt. so at this point we think there is much more to look at in terms of the loan guarantee. with solyndra we have to see all the e-mails to tie it up. >> and my advice is to get it out now, the drip, drip, drip right up to the election isn't going to help them much. thank you, sir. >> thank you, greta. >> and it's far from over. it's heating up, the battle over illegal immigration. illegal immigration. and arizona is ground music music music we're centurylink we're committed to improving lives and linking americans to what matters most with honest personal service 5 year price lock guarantees, consistantly fast speeds and more ways to customise your technology my coat? solid gold. my insides? pure platinum. [ female announcer ] a healthy outside starts inside. new iams simple & natural has chicken as its number one ingredient and zero fillers. it works inside for health you can see on the

beacon power and enter one. and other examples and who knows how many more will be damaged down the line, victoria? >> yeah, steve mentioned term venture capital and a lot of folks in the pro solsell camp. it is a role for government to take some capital and turn it in risk. you don't have all googles and facebooks, you do have duds. it is taxpayer money and no venture capital firm here that will raise another fund in five years. instead they will take more taxpayer money and fund companies that awn have ties to folks in high places. there is a more efficient way to allocate capital. >> bill, that political influence acts the loans and the president's efforts, are they chipping around the edge of the problem. >> they are worthy efforts. maybe it is small. i.r.s. will not hand out coffee mugs with smiley faces and fema will not reimburse employees for downloading pornography at work. give the beleaguered president respect. he built momentum to get to bigger things. >> first of all. >> he got somebody to partner w

the more we look at this, and beacon power is another one that went bankrupt.he second one they afford out of these loan guarantees. after the first three two have gone bankrupt. so at this point we think there is much more to look at in terms of the loan guarantee. with solyndra we have to see all the e-mails to tie it up. >> and my advice is to get it out now, the drip, drip, drip right up to the election isn't going to help them much. thank you, sir. >> thank you, greta. >> and it's far from over. it's heating up, the battle over illegal immigration. and arizona is ground zero. gov. jan brewer is here to go on record. she's next. ♪ ♪ [ male announcer ] they've been tested, built and driven like no other. and now they're being offered like no other. come to the winter event and get an exceptional offer on the mercedes-benz of your dreams. it's our way of showing a little holiday spirit. but hurry -- the offer ends soon. ♪ at bank of america, we're lending and investing in communities across the country, from helping to revitalize a neighborhood in brooklyn to

massachusetts beacon power filed for bankruptcy.t used $3 million in cash on the loan to keep its business going during reorganization. an attorney says the solyndra scandal hurt their ability to tap the credit market. the lodge-term prospects according to the attorney representing the country are said to be good. martha: he's a border governor and presidential issue rick perry. he's addressing border security. he told sean hannity he could secure it within a year and here is how he could do it. >> i could do it within a year. the only bottle neck would be training up enough of those predator drone pilots. you implement that with the most powerful piece of your strategy with boots on the ground given realtime information. those three together make that border secure. martha: perry saying after the border is secure we could have a thoughtful conversation with immigration policy. bill: a family in north carolina that lived in america legally for the past decade could soon be deported unless a private bill tailored just for them passes

beacon power got $43 million in loan guarantees from uncle sam but filed for bankruptcy last week.o the republicans say they. >> they wanted to determine why the loan as approved and if it was merit based as the white house insist. house republicans say they want emails from the former chief of staff rahm emanuel. senior advisor valerie jarrett. larry summers and former chief of staff to the vice president ron clain. they say the white house is obstructing their work. >> this is not a fishing expedition. we already have documents that show that the white house, the white house was involved in decisions that related to solyndra. we want answers and so do the american taxpayers. >> the white house says though that the administration has already, quote, cooperated extensively with this investigation. >> and today the secretary of energy spoke out about some of this, what did he say. >> energy secretary steven chu said that congress and the administration better loan program but he says he doesn't want the u.s. to, quote, throw in the town on clean energy. here is more. >> this is a ke

beacon power corporation has filed for bankruptcy protection. massachusetts-based company received $43 million in energy department loans last year. similar to solyndra here in the bay area, that money was spent to build a new plant in upstate new york. this past friday, the white house ordered a review of the energy department's loan program. meantime, the bay area's bankrupt energy company will begin auctioning off some assets, desks, computers, and buildings will be sold off. you can attend in fremont or do it online. the solar panel manufacturer still seeking a buyer for the entire company or, at the very least, its specialized equipment. >>> a shortage of medicine for those who need it the most was the focus of action at the white house today. the president signed an executive order addressing shortages and drugs used in cancer treatment, emergency medicine and anesthesia. dwindling stocks of these medicines have forced hospitals to buy the supplies from retailers at substantial markups. >> president obama: there is a combination of tools t

this one is called beacon power, raising a ton of questions about why these companies are getting anyey in the first place. we'll talk to a member of the house energy and commerce committee on that. bill: like 2.0, right? martha: yeah. bill: seven hours on the tarmac, food and water, forget about it. not even a bathroom. a wheelchair-bound passenger on board the flight who had to endure even more than the others. he will join us live. >> do you need any paramedics or anything like that? >> we have the fire truck over here. i guess they have some medical background. i'm not sure who all the players are back there in the back but looks like they got it covered. my priority is a tug and a towbar. give me a welding shop i will be willing to make one myself.ne nows idaho potatoes taste great. but did you know they'reood for you too? they're high in vitamins and potassium. and idaho potatoes are now certified to carry the heart checkmark from the american heart assoction for foods low in saturated fat and cholesterol. so they're good for my family, and for yours. heart smart idaho potatoes.

hook for $535 million in federal loan guarantees and last week we learned another energy company beacon power bankruptcy despite a 43-million-dollar cash infusion from uncle sam. meantime, brand new court documents show solyndra's former ceo negotiated a severance package that totaled more than $450,000 when he stepped down in july. a former employee says big bonuses were common at the company to hold on to talent. mike emanuel is on capitol hill tonight. mike, we are learning that i guess the feds are going to release some more documents on solyndra, any details? >> the administration sending some 20,000 documents related to solyndra to the house energy and commerce committee. about 1200 communications between the house and the department of energy. what we have seen so far is pretty predictable. late august, administration officials realizing solyndra is about to go bankrupt. and so they are talking about what they can do to try and save the company, i should note that this release comes just ahead of a meeting tomorrow morning by that house committee to decide whether to issue subpoenas to

beacon power corporation received a $43 million loan guarantee in august of last year.ree presidential debates for the general election will take place in early october. president obama and the republican nominee will square off in colorado, new york and florida. the vice presidential debate will be held at center college in kentucky, a return for a lot of those universities. the big one, of course, is kentucky, because when it was there in 2000 it was a dry county. i am assured now it is no longer dry. >>> all right, well, when harold cain sings -- ♪ my song of praise >> -- they are there. when rick perry speaks off the cuff -- >> you know, pretty easy math. subtract it, send it in. it's awesome. >> awesome. they're there! when mitt romney puts on the barbecue apron at the iowa state fair -- they are there. there are intrepid nbc news campaign who have found their way from the campaign trail to the studio. kerry dan is keeping an eye on rick perry and andy rafferty is sticking to the cain campaign. so, you're both in d.c. sorry, i'm starting with this guy. herman cain,

one of which is beacon power.husetts making ends meet, so they went before a judge to see if they can get permission for a certain strategy when it comes to restructuring. >> gretchen: they received a $39 million loan from the department of energy, but they may have to go bankrupt now. so they're asking the judge to be able to use $3 million of that loan in cash collateral to keep the business going while they're going through reorganization. so the question is, should the taxpayer now be keeping this business afloat after already giving $39 million? i find it interesting that the department of energy is fighting against that. keep in mind, they gave them that loan. they've given a lot of these loans out to energy companies. now they're telling the judge, you shouldn't allow taxpayer money for that. >> eric: what you just said, on the last day -- remember, this is a $25 billion program they had until september 30 to make these loans. on september 30, in the afternoon, they released $4.7 billion of new loans. it wa

another company called beacon power. another company, i think it's cigna. this is a scandal, this is your money and this is called crony capitalism. it happens all the time in washington d.c. and it makes me sick. it's the idea that people can be bought, and in exchange they use your money to payoff the political debt. megyn: congresswoman michelle bachmann is with me now. welcome to the program, we appreciate you being back with us. >> thank you, megyn always a pleasure. megyn: let me ask you about this solyndra deal. you you called it last night criminal, and you said it's gangster government. the defenders -- time and rosenberg said yesterday, they made 38 investments, 36 went well. two didn't. one happened to be solyndra. that isn't gang tere government, that is a pretty good win/loss ratio. >> government shouldn't be out picking winners and losers in the private sector. businesses have to make it or not make it on their own. this is really a pass through entity for the president to be able to payoff his political donors. this is more than just a simple

bill: solyndra is $535 million, that's gone bankrupt, you mentioned beacon power corporation, that was in a loan guarantee, that has filed for bankruptcy as well. now, a lot of people think these decisions were made in the west wing, but we're hearing from the administration the department of energy had control and jurisdiction over where these loans went and how they were paid out. is that your understanding? >> ultimately, yes. but, of course, secretary chu is in the cabinet, he's in the white house, really, and they know, people talk to the white house if they want the energy department to do something, that's the way washington often works. so i don't think you can simply separate that way. we know this, that the loan program was more tightly run and tightly managed than this program is and that's one reason i'm making inquiries about it because it does not seem to be nearly as tightly controlled and properly anlied. bill: i see. do you suggest something illegal here? where do you -- >> i am not. >> bill: you are not. where do you go for the answers for such misguided programs? >>

guarantee to solyndra in the subsidies qenlt bankruptcy -- subsequent bankruptcy on monday, we learned beacon power corporation that received $43 million in stimulus funds through the loan guarantee program filed for bankruptcy on october 30th. is it true that the loan programs offers were specifically designed to provide funding to companies that because of the type of company, find it difficult to obtain funding from the private sector. is that an accurate statement? >> earlier, before you returned to the room, i indicated i can't, because of the criminal investigation, discuss particulars. .. when they be inspected in the high-risk nature of what they do? >> i'm able reluctant to get into the question of risk and out comes, but obviously there is a risk otherwise the firms would not need government loan guarantees. >> when you look back on when you found, what were your recommendations? >> we recommend it with regard to the march, the third of the reports which was march of 2011 we were recommended the department developed a much more robust system for documenting how it evaluates the risk with

a new one is coming out with beacon power. o politician should be paying off their political daughters. [inaudible] >> well, i am not attack her. i'm not a scientist. mma cannot point. my point is the abuse of executive power and also crony capitalism. >> the question of nuclear weapons report, how would you deal with that issue here i present? >> number one, going back to daytime and president president came into play, it was naÏve at best and foolish hours for the president to meet with iran with no preconditions. that was unprecedented. this is a nation that is violated one problem -- one issue after another with iaea. they've been unwilling to inspect her sin and there's all sorts of problems with iran. iran has stated repeatedly over and over again that once they gain a nuclear weapon they would use it to wipe israel off the face of the earth. so the president sat down -- i should say the addition and trade administration met with preexisting conditions. with the president gave her an with the luxury of time. time to conti

companies like solyndra, evergreen solar and beacon power going belly up but energy production is boomingoining us with more is economics writer for the "wall street journal," stephen moore. good morning, sir, where are we seeing this the most? >> hi, david, a great story, finally an optimistic story and, if you look around the country we are seeing such a surge in oil and natural gas production. you are getting a lot of the natural gas in the marcella shale area, and, states like pennsylvania and west virginia, and ohio. and, we are seeing a huge boom in oil production in states like north dakota. in fact amazing story, you know what state, dave has the lowest unemployment rate in the united states today. >> dave: i'll guess the one you just said. >> north dakota, 3.5% and anybody watching the show, if you don't have a job, go to north dakota. they have 20,000 job shortage there, there is a boom in economic revitalization in the state due to oil production and here's the amazing part of the story, this is an industry that is creating hundreds of thousands of jobs and is doing it, dave, w

states didn't have political or any other interested, it was a beacon of hope as a place for europe to slip into and the balance of power to happen within the middle east through this a foothold. says to the diplomatic interest and by 1992, as trade relations are at a peak and the iranians are absolutely certain that there is no way the germans would jeopardize those trade relations over a silly trial. so what makes the story fabulous is that to the germans precisely wanted to do that they hoped the german administration politicians did want to make that child go away and make the case the way but it just wouldn't. so it is the process of have it would not go away how to powers come together to cover this up but yet it seems to go want to take a life of its own that makes it very wonderful. >> how has it changed you to write this? the sale changes the course of your career and now you like to do more books, as it had an impact on you? >> i was thinking about what i want to write next and i have a couple of ideas. i have some plans that are very exciting to me. the only thing that has changed within me is that i once bou

any other interest in iran it had become sort of beacon of hope, tehran or iran in general as a place for europe to slipped into and for this balance of power finally between europe and the united states to happen within the middle east the as this foothold in iran. so they were of diplomatic interests as well as trade and business interests. by 1992 when this happened trade relations between iran and germany are at a peak and the german -- the iranians are absolutely certain that there is no way germans would jeopardize those trade relations over a silly tribe. so what makes the story really fabulous is that the germans precisely wanted to do what iran had hoped german administration politicians involved did want to make the trial go away. did want to make the case go away but it just wouldn't. and so the process of how it wouldn't go away, how is that two powers come together to cover this up and yet it seems to go on and take on a life of its done makes a really wonderful. >> how has it changed you to a wrote a memoir >> i thought i might try my hand at fiction but there are so many stories that if told and properly told by people who ca

power, all kinds of scary stuff was happening. so if we need to pick a country that has followed our remedies sand doing really well to -- as a kind of beacon for the -- for everyone else to follow, what did they pick? argue argentina. they invited carlos in 1998 and the only other head of state invited was bill clinton. and of course, if you're inviting the president of a country to come speak at your annual meeting and say, follow this guy, he's done a marvelous job. and they praised him to the sky, well, of course, you know, you're not going to turn around and say, oh, by the way, we're really worried about their fundamentals. so this is another factor. it just shows you that -- well, we're on tv, so i better say stuff happens. and this is -- you know, i cannot say how much i appreciate your recognition that these -- that these forces are so difficult to predict and deal with, and that's what makes the whole global financial system so worrisome. that's why i think steps need to be taken to at least minimize the risk of things going so badly wrong in these countries. [applause] >> ok. the book is "and the money kept rolling in and out". w