November 13, 2011 1:28 PM
Newsweek: Obama green rewards to donors
Here's another great piece of editorial art you could teach your children to analyze:
And by the way, how blatantly corrupt is Obama's behavior when even Newsweek and The Daily Beast go after him? It seems to me he has committed several impeachable offenses. If history records the Obama Regime with any honesty, it will surely be the most corrupt ever. Here's the article on how Obama's donors are rewarded:
Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans
When President-elect Obama came to Washington in late 2008, he was outspoken about the need for an economic stimulus to revive a struggling economy. He wanted billions of dollars spent on "shovel-ready projects" to build roads; billions more for developing alternative-energy projects; and additional billions for expanding broadband Internet access and creating a "smart grid" for energy consumption. After he was sworn in as president, he proclaimed that taxpayer money would assuredly not be doled out to political friends. "Decisions about how Recovery Act dollars are spent will be based on the merits," he said, referring to the American Recovery and Reinvestment Act of 2009. "Let me repeat that: decisions about how recovery money will be spent will be based on the merits. They will not be made as a way of doing favors for lobbyists."
Really?
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.
Read more at The Daily Beast
Posted in Government Corruption, Liberal Hypocrisy, Obama Nation | Permalink
