Posted on 09/29/2011 5:50:08 AM PDT by maggief
Several of Barack Obama's top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, ABC News and iWatch News have learned.
One of them was Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate. He became one of Energy Secretary Steven Chu's key loan program advisors while his wife's law firm represented a number of companies that had applied for loans.
Recovery Act records show Allison Spinner's law firm, Wilson Sonsini Goodrich & Rosati, received $2.4 million in federal funds for legal fees related to the $535 million Energy Department loan guarantee to Solyndra, a solar company whose financial meltdown has prompted multiple investigations. She pledged to take no portion of the money and did not work on the loan applications.
(Excerpt) Read more at abcnews.go.com ...
“Gang Green”
ping for later
Spreading Chicago politics to America.
The Media has turned..........
I am completely shocked that ABC news would report anything negative about Obama and his administration.
Special prosecutor.
Corruption is pervasive.
All the regulators and czars with no oversight.
Ethically challenged White House.
And nothing will happen because both political parties are as corrupt as the day is long.
Makes me sick! How much more doe we have to take of this crap before there’s a revolution?
More on Spinner and his wife here:
http://www.freerepublic.com/focus/f-news/2779956/posts
(Steve Spinner) Obama fundraiser linked to federal loan for failed solar company (Solyndra)
Boston Herald ^ | September 17, 2011 | Matea Gold and Stuart Pfeife
Gee, 0 bummer can’t spend the taxpayers’ money fast enough. Why isn’t the SRM talking about this on a daily basis?
Oh wait. Never mind.
The media is really starting to pick up the tempo.
Why is the Energy Department in the banking business, giving out loans? ...money it does not have in the first place.
Excellent! So apropos. That would make an excellent bumper sticker. (If you want to get your car vandalized.)
How else do you think he is raising a billion? All he had to do was give away a trillion.
Spinner described his job differently. He wrote in an online bio for the Center for American Progress, the left-leaning think tank he joined after leaving the administration, that he “helped oversee the more than $100 billion of loan guarantee and direct lending authority” for the department's green-energy loan program. And in a speech at a “Green Tech” conference in June 2010, Spinner described how he “worked very, very closely with all the various organizations, the various offices, in trying to streamline operations and … move the funding opportunity announcements out, get the solicitations out on the street.”
First posted here:
http://www.freerepublic.com/focus/f-news/2779956/posts?page=3#3
We don’t have a government anymore, at least not in the traditional sense.
This is why Democrats favor raising taxes. More money to steal.
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