Posted on 03/09/2012 3:59:18 PM PST by Oldeconomybuyer
Last week NLPC reported that an international law firm, whose employees provided significant campaign support for President Obama, was paid $1.8 million from the stimulus to review and conduct “due diligence” for the Department of Energy’s suspended loan to Fisker Automotive, an electric vehicle start-up company. Fisker sent 65 workers to the unemployment lines.
Debevoise and Plimpton, which employs top Obama bundler and fundraiser David Rivkin, wasn’t the only largely Democratic law firm to reap such rewards. At least four other major law practices also analyzed DOE’s loan programs and its grantees – three of which gave large sums of money to the campaigns of President Obama and fellow Democrats.
Debevoise, on the heels of $199,944 in donations to Sen. Barack Obama for his 2008 presidential campaign, was able to land the contract to analyze loans from DOE’s Advanced Technology Vehicles Manufacturing Loan Program to troubled Fisker Automotive and Ford Motor Company. Fisker had its $529 million loan suspended after failing to reach milestones; Ford received a $5.9 billion loan guarantee to retrofit plants for the production of hybrid and electric vehicles.
(Excerpt) Read more at nlpc.org ...
Chicago politics at its finest.
Crony Capitalism at it’s worst. And how many electric car companies reaped ‘Green Energy’ money and have now gone bankrupt? And giving bonuses on their way out? I sure hope the RNC is taking notes. I expect to see all of this **** in political ads this fall!
Obama’s is the most corrupt administration in history, yet no one has even been charged, much less convicted.
from the streets of Cook County to the streets of Washington D.C.
Zero risk, so to speak....
Evidently that is the way everything is run in Chicago. It has all the corruption of a third world country.
Corruption at it’s finest.
The $107,000 Karma model being tested by Consumer Reports broke down and quit running with only 200 miles on the odometer. Maybe Karma wasn’t such a good idea for a name
Read Forbes magazine report here:
ling to YouTube vid from Consumer Reports at Forbes.
Thanks Oldeconomybuyer.
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