Monday, April 30, 2012

Obama backers raked in eighty percent of the Department of Energy 'Green Money'


Via American Thinker:
Anyway, Obama was emphatic about how recovery money was to be spent.  But... as Schweizer says, the 1705 Loan Guarantee Program and the 1603 Grant Program funneled billions of dollars to alternative-fuel and green-power companies.  The loan guarantees and grants were earmarked for green energy projects, so it is not surprising to learn that these companies were run by liberals.  And guess what!  Eighty percent of the Department of Energy's (DOE) green loans, loan guarantees, and grants went to Obama backers. As Gomer Pyle used to say, "Surprise, surprise, surprise."

Schweizer wrote, "...a large proportion of the winners [companies receiving loans, loan guarantees, and grants] were companies with Obama-campaign connections.  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?  Schweizer continues, "In the 1705 government-backed-loan program, $16.4 billion of the $20.5 billion in loans granted as of September 15 [2011] went to companies either run by or primarily owned by Obama financial backers."

Read more here...

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