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Report: 80% of DOE Green Energy Loans Went to Obama Backers
The Scribe ^ | 11-14-11 | Lachlan Markay

Posted on 11/14/2011 10:46:41 AM PST by tcrlaf

A new book by Hoover Institution fellow Peter Schweizer details the startling extent of the cronyism that has pervaded President Obama’s “green jobs” push. According to Schweizer, 4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.”

Those companies’ “political largesse is probably the best investment they ever made in alternative energy,” Schweizer explains. “It brought them returns many times over.”

Such is the inevitable consequence of large government interventions in private markets. Leaving aside the losses associated with transfers of funds from self-sustaining industries to ones that rely on government support, such interventions also encourage unproductive business activities by making “subsidy suckling” far more profitable than run-of-the-mill business expansions or product improvements.

(Excerpt) Read more at blog.heritage.org ...


TOPICS: Breaking News; Government; News/Current Events
KEYWORDS: 2012; agw; bhocorruption; bhofraud; corruption; cronyism; democratcorruption; democrats; doe; elections; energy; envirofascism; fraud; globalwarming; globalwarminghoax; green; greeneconomy; greenenergy; greenfraud; greenjobs; greenjobslie; greenpower; impeach; liberalfascism; liberals; loans; lping; nobama2012; nodemocrats2012; obama; obamacampaign; obamatruthfile; obamavoters; ows; pelosi; progressives; socialistdemocrats; solyndra; thegreenlie; thxjohnmccain; tyranny
Remember kiddies!!! It's not Cronyism when Done-While-Democrat!

Just ask anyone at the Gay-Run New York Times!

1 posted on 11/14/2011 10:46:49 AM PST by tcrlaf
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To: tcrlaf
in case anybody is keeping score, over 80% is a total of $16.4 Billion that was given out through a program run by a political appointee married to an employee of the DNC.

Oh boy, another opportunity to use Obama's favorite word, "unprecedented."

2 posted on 11/14/2011 10:50:15 AM PST by USNBandit (sarcasm engaged at all times)
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To: tcrlaf; Nachum

Another Bombshell Expose’! Green Loans! The Real Story!

http://www.blogster.com/joannemor/another-bombshell-expose-green-loans-the-real-story

What would you say if I told you all the green loans were a scam? They were a slush fund that went to donors, bundlers, politicians, their family, friends, lawyers and lobbyists.

What I am about to tell you is going to make your head explode!

You all know about the Solyndra scam that’s evolving. Well Solyndra is not the only loan that went bad. All the loans went bad. That was the intent all along.

Every loan benefited Obama. Every loan benefited Dems. Every loan benefited Dem donors.

We have been researching Solyndra and Zucotti Park. That is a strange combination on it’s face, but remember I had told you about Zucotti Park belonging to Brookfield properties.

article continues...

Summary:

Here’s the deal. Politicians know the money is coming. They let their big donors, family, friends, lawyers and Lobbyists know. They invest in failing companies. They know the company is going to go bankrupt. It’s designed that way.
They make a pre bankruptcy agreement where they get the investment back, first, before other creditors and taxpayers see a dime.
Once they obtain the loans, the real laundering begins.
They strip every dime. Pay off each other. Donate to Obama, and other dems.
Some companies funnel money overseas, to China, Finland, Russia, and other subsidiaries.
Chu runs cover.
The companies go bankrupt as intended and the money is laundered, never to be seen again.


3 posted on 11/14/2011 10:51:19 AM PST by Whenifhow
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To: Whenifhow

Yep


4 posted on 11/14/2011 11:01:09 AM PST by colonialhk (Put them in green jails doing green jobs)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


5 posted on 11/14/2011 11:07:21 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: USNBandit

“4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.””

Gee, come on give the guy a break, it is just a coincidence. The coincidence occurs because every nit wit idea about free anything has a democrat backed or recipient involved!

But in the press, the number of bimbos that Cain may have offended is top news.


6 posted on 11/14/2011 11:08:10 AM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: tcrlaf

I’m not sure what to think. I’d kind of imagine that most green companies are run by lefties, since they are hoping that Obama increases the cost of energy to such an extent that they become viable. How many conservatives run abortion clinics? How many lefties run stand-alone profitable enterprises? Obama is a thug, but the MSM will let him ooze out of this one. Killing the pipeline is the big kahuna. That SOB in DC Through his own actions cost us jobs and is driving up energy costs, in one of many piss poor decisions. FUBO!


7 posted on 11/14/2011 11:15:34 AM PST by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: tcrlaf

Maybe Rick Perry should write “Department of Energy” 100 times on the blackboard.


8 posted on 11/14/2011 11:38:51 AM PST by MulberryDraw (Anyone see the democrat budget yet?)
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To: tcrlaf

Well, that might not be a surprise. What percentage of Green Energy firms backed Obama?
Heck, finding enough “green energy” firms that DIDN’T back Obama to constitute 20% might be an achievement.

What’s wrong isn’t that they got the money - what is wrong is that Federal Government was able to give them any money at all...


9 posted on 11/14/2011 11:42:27 AM PST by Little Ray (FOR the best Conservative in the Primary; AGAINST Obama in the General.)
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To: FReepers; everyone; All



FReepathon Day 45 ... Please Contribute!



10 posted on 11/14/2011 12:03:05 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: tcrlaf

80% ?

Purely Coincidence! I’m sure..


11 posted on 11/14/2011 12:30:52 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: tcrlaf
Obama is in all respects a true African dictator. Absolute disrespect for anything having to do with rule of law.
12 posted on 11/14/2011 12:39:00 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: tcrlaf

This is less about cronyism and more about the “green” industry being run by liberals for liberals. But casting them in the same light as “big oil” certainly doesn’t hurt the cause. The MSM will turn a blind eye towards this just like they ignore the fact that there is big money in the abortion mills run by Planned Parenthood.


13 posted on 11/14/2011 12:56:28 PM PST by the_Watchman
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To: tcrlaf
To paraphrase a quote by a gentlemen whose bust no longer resides at the Whitehouse, “Never before in the field of human endeavors have so few stolen so much from so many”
14 posted on 11/14/2011 1:09:50 PM PST by rdcbn
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To: tcrlaf

Anyone surprised, raise your hand.

The Marxist looting of the public treasury continues.


15 posted on 11/14/2011 1:12:43 PM PST by FrogMom (There is no such thing as an honest democrat!)
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To: tcrlaf
Our problem is that the RINOS play this game too.
16 posted on 11/14/2011 1:38:23 PM PST by Carry_Okie (Grovelnator Schwarzenkaiser: Fashionable fascism one charade at a time.)
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To: tcrlaf

ping


17 posted on 11/14/2011 1:44:21 PM PST by Wuli
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To: tcrlaf

The headline should read “80% of companies that got loans have been identified so far as big Obama donors “The other 20% are still being investigated.


18 posted on 11/14/2011 2:05:16 PM PST by shoff (Vote Democratic it beats thinking!)
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To: tcrlaf

We’ll never know where this money will end up. When these things go belly up they invariably protect the people at the top and the taxpayers get screwed.

Its like its meant to be a payoff to Obie supporters, who will in turn give back.

Same with stimulus.

We may never seen an accounting of where the stimulus money actually went.


19 posted on 11/14/2011 2:16:53 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: USNBandit

What did they buy with their green loans, I wonder:-F)


20 posted on 11/14/2011 2:47:20 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: rdcbn

I don’t know which is worse, the thieves or the idiots that just keep complying with a corrupt government. It’s not stealing when you willingly turn your tax dollars over to thieves.


21 posted on 11/14/2011 3:27:03 PM PST by mojitojoe (WH says potus didn’t feel the earthquake. No worries. Another is scheduled for November 2012)
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To: tcrlaf

Only 80%, someone will have to pay dearly for not making sure is not at least 95%.


22 posted on 11/14/2011 5:43:21 PM PST by matt04
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**click above to donate ~~ thank you!**

23 posted on 11/14/2011 5:54:57 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker dowTn)
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To: Nachum

Thanks for the ping.


24 posted on 11/14/2011 5:58:00 PM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: tcrlaf

This is enough, lead him out in handcuffs.


25 posted on 11/14/2011 8:45:20 PM PST by Bellflower (Judas Iscariot, first democrat, robber, held the money bag, claimed to care for poor: John 12:4-6)
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To: tcrlaf

What did you think he meant when Obama yammered about “green”?


26 posted on 11/14/2011 9:28:06 PM PST by bigbob
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To: steelyourfaith

A threefer on this one: corruption, green politics, and government waste.


27 posted on 11/14/2011 11:08:29 PM PST by TenthAmendmentChampion (I have a job; therefore I am in the 1%.)
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To: Whenifhow

More Q’s for SunPower, [Dem Rep George] Miller & Son
http://www.humanevents.com/article.php?id=47088

HUMAN EVENTS filed Freedom of Information Act requests on Oct. 21 to more deeply investigate a star-crossed California solar company championed by a Democratic Capitol Hill power broker and his lobbyist son.

The document request, made in partnership with Judicial Watch, the Washington-based government watchdog, was filed after weeks of unsuccessfully requesting answers to the questions about circumstances surrounding the $1.2 billion loan guarantee from the Department of Energy’s 1705 program applied for by San Jose, Calif.-based SunPower, which was approved hours before the program expired on Sept. 30.

The same day, SunPower received a $100 million contract from the Navy to provide electrical power to the Naval Air Weapons Station China Lake, in California, beating out 12 other proposals.

In support of the loan request, Rep. George Miller III, the co-chairman of the policy and steering committee for House Democrats, wrote a letter to the Department of Energy and led Secretary of the Interior Kenneth L. Salazar on an Oct. 14, 2010, tour of the company’s facility in Richmond, Calif.

The congressman’s son, George Miller IV is a founding partner and principal in the influence-peddling firm Lang, Hansen, O’Malley & Miller, which billed the solar company $176,000 in lobbying fees, starting in 2009.

The loan guarantee was designated to support a joint venture between SunPower and NRG Energy of Princeton, N.J., called the California Valley Solar Ranch. The ranch is currently being built by SunPower in the Golden State’s San Luis Obispo County.

Tom Fitton, the president of Judicial Watch, said he was happy for the opportunity to join HUMAN EVENTS in the investigation.

“This has all the hallmarks of a classic Washington scandal,” he said. “One would think that Messrs. Miller would want these documents out there as much as we do.”

The Freedom of Information Act requests were submitted to the departments of Treasury, Energy, Interior and Navy.

This is the same George Miller who is Pelosi’s right hand henchman and a bitter enemy of Central Valley farmers. He has been instrumental in pitting fishermen against farmers and using the phony Delta Smelt issue to shut down all farming. He has an ideological hatred of “trees growing in rows.” Or something. Or maybe he’s just evil.


28 posted on 11/14/2011 11:23:13 PM PST by TenthAmendmentChampion (I have a job; therefore I am in the 1%.)
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To: TenthAmendmentChampion; bamahead; Nervous Tick; SteamShovel; Tunehead54; golux; tubebender; ...
LOL, a targetrich thread indeed.

Thanx for the ping TenthAmendmentChampion !

 


Beam me to Planet Gore !

29 posted on 11/15/2011 2:59:31 AM PST by steelyourfaith (If it's "green" ... it's crap !!!)
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