Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (147536)	10/30/2012 1:03:31 PM
From: longnshort	2 Recommendations of 224750

Obama fundraisers got 80% of green energy loans ($16.4 billion) Obama Economic Record November 2011 From the Daily Beast, an article that explains how Obama rewarded many of his campaign fundraisers with green energy loans backed by taxpayer dollars. Excerpt: It would take an entire book to analyze every single grant and government-backed loan doled out since Barack Obama became president. But an examination of grants and guaranteed loans offered by just one stimulus program run by the Department of Energy, for alternative-energy projects, is stunning. The so-called 1705 Loan Guarantee Program and the 1603 Grant Program channeled billions of dollars to all sorts of energy companies. The grants were earmarked for alternative-fuel and green-power projects, so it would not be a surprise to learn that those industries were led by liberals. Furthermore, these were highly competitive grant and loan programs—not usually a hallmark of cronyism. Often fewer than 10 percent of applicants were deemed worthy. Nevertheless, a large proportion of the winners were companies with Obama-campaign connections. Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers … a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008. Their political largesse is probably the best investment they ever made in alternative energy. It brought them returns many times over. Think of it as a welfare program paid by the middle class to enrich the secular leftist millionaires and billionaires. Taxing the poor to pay for the rich. That’s what the Democrats mean by stimulus spending. And that’s why we have been running trillion-dollar deficits for 3 years with an unemployment rate of 9% or more. They got elected in order to enrich themselves, because they are motivated by greed. Related posts Obama gave $443 million no-bid contract to drug firm run by Democrat fundraiser E-mails reveal that Obama fundraiser discussed Solyndra loan with White House Another green energy firm goes bankrupt after getting $43 million loan from taxpayers E-mails show that Democrats were about to approve a second loan to Solyndra Report finds Labor Department’s green jobs program failing $737 million green jobs loan given to Nancy Pelosi’s brother-in-law This one graph should end the debate on wind and solar energy Obama to conduct campaign fundraiser with wind power stimulus recipient How well did Obama’s green jobs spending work out for taxpayers? Obama administration knew $535 million Solyndra loan was too risky Obama administration reworked Solyndra loan to favor private donors Solyndra CEO and CFO will refuse to answer questions in Congressional hearing Marsha Blackburn beats up Al Gore on cap and trade corruption

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