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Another Obama fundraiser is investor in car company that won federal loan (More Crony Socialism)
| Carol Leonnig
Posted on 10/28/2011 12:42:43 PM PDT by tcrlaf
An investment firm whose vice chairman has been an adviser and fundraiser for President Obama saw one of its portfolio companies win approval this year for $50 million in loans from the administrations clean-energy loan program.
Washington-based Perseus says its affiliation with James A. Johnson, a major fundraiser for Obamas campaign, played no role in persuading the Energy Department to award the loan to Vehicle Production Group, a Miami start-up that is manufacturing wheelchair-accessible cars and taxis.
Johnson headed Obamas vice presidential selection committee in 2008 and is the former chairman of housing mortgage giant Fannie Mae. He was listed as a campaign fundraising bundler for Obama in the 2008 race, according to the Center for Responsive Politics, and committed to raising $200,000 to $500,000 for the upcoming presidential race.
Johnson could not be reached for comment Thursday. Perseus Chairman Frank Pearl said in an interview that it is an absurd idea to think that Johnsons political connections helped the Miami company.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events
KEYWORDS: corruption; crony; loan; obama
Remember kiddies... It's NOT Cronism if corrupt-while-Democrat!
Just ask ANYONE at the New York Times, or NPR/CBS/NBC/ABC/MSNBC!
Obama is the Fuhrer, after all. Who are WE to question what the messiah does with our money!
posted on 10/28/2011 12:42:48 PM PDT
posted on 10/28/2011 12:46:59 PM PDT
by Army Air Corps
(Four fried chickens and a coke)
posted on 10/28/2011 1:10:56 PM PDT
("Blazing Saddles" explains it all......)
WaPo giving out this info?
posted on 10/28/2011 1:35:49 PM PDT
(I miss my poochie... Tasha 2000~3/14/11)
This is pure unadulterated fascism. I am sure Willy Messerschmitt got the same sweetheart deals in national socialist Germany during the 30’s and 40’s.
posted on 10/28/2011 1:49:28 PM PDT
(Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
Friday afternoon news dump.
Nothing to see here. Move along
posted on 10/28/2011 2:01:00 PM PDT
(I am a Cainiac)
FWIW, Ford V8 power, built at the old Hummer plant in Mishawaka, IN.
posted on 10/28/2011 2:08:14 PM PDT
(DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
If my dog looked like that thing, I’d shave its behind and make it walk backwards.
posted on 10/28/2011 2:19:29 PM PDT
("The trouble with internet quotations is that you don't know if they are true"-Abraham Lincoln.)
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
Thanks for the heads up Army Air Corps
The list, ping
Let me know if you would like to be on or off the ping list
posted on 10/28/2011 2:26:23 PM PDT
(The complete Obama list at www.nachumlist.com)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
posted on 10/28/2011 3:07:06 PM PDT
(It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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posted on 10/28/2011 3:18:26 PM PDT
by DJ MacWoW
(America! The wolves are here! What will you do?)
I was going to ask if James Johnson is the same as the Fannie’s past CEO that started the housing bubble.
posted on 10/28/2011 4:19:13 PM PDT
(When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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