Amazingly, Obama has declared that all the projects received funding “based solely on their merits.” But as Hoover Institution scholar Peter Schweizer reported in his book, “Throw Them All Out,” fully 71 percent of the Obama Energy Department’s grants and loans went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” Collectively, these Obama cronies raised $457,834 for his campaign, and they were in turn approved for grants or loans of nearly $11.35 billion. Obama said this week it’s not the president’s job “to make a lot of money for investors.” Well, he sure seems to have made a lot of (taxpayer) money for investors in his political machine.It seems like President Obama is on record of helping cronies with our tax dollars, leaving good honest Americans in the lurch.
Thursday, May 24, 2012
There's an interesting point being made at the Washington Post. If Mitt Romney's tenure in private equity is fair game, and no one is saying that it isn't, then we must also look at the President's tenure in public equity, and the picture ain't pretty. In the article, Mark Thiessen goes on to list seven (7) companies that got government loans, then went bankrupt, costing jobs and leaving taxpayers on the hook. And, he claims that's just the tip of the iceberg.