Solargate: Obama bundler has ties to another green energy plant which is failing

  When Barack Obama is forced to defend his decision to loan Solyndra $500 million of taxpayer stimulus money shortly before the company went bankrupt he claims this was just one bad apple but the overall green energy initiative portfolio remains healthy, and the media willingly plays along. But the truth is that Solyndra is just the first and most prominent example of Barack Obama’s failed green energy initiatives but there are many, many more examples; Solar Trust, SoloPower, Abound Solar, Enir1, BrightSource, Abengoa, SunPower, LightSquared, Tesla, Fisker, and Beacon Power to name a few. Barack Obama is downplaying the full magnitude of his failed policies when he states that Solyndra is just one bad investment.

  Besides being “green” these companies all have one other thing in common–ties to Barack Obama, the Democrat party, and fundraising, and now there is yet another example of the nature of the quid pro quo crony capitalistic aspect of the green energy  initiatives  being carried out by the Obama regime.

New disclosures show that one of President Obama’s bundlers is the wife of an executive at an energy company that received a more-than-$1.2 billion Department of Energy (DOE) loan guarantee for a solar power plant.

Arvia Few is a bundler for the Obama re-election campaign who has promised to raise between $50,000 and $100,000. She began bundling for Obama in the first quarter of 2012. Her husband, Jason Few, is an executive at a company that has benefited handsomely from the Obama administration’s clean energy spending, records show.

The U.S. Department of Energy granted NRG Solar a $1.237-billion loan in September 2011 to help build NRG’s California Valley Solar Ranch, which is described as “a 250 MW alternating current PV solar generating facility” by the U.S. Department of Energy.

Few became senior vice president of Houston-based Reliant Energy in 2008. He was named President of Reliant in May 2009 when NRG Energy acquired Reliant for $287.5 million. He currently serves as executive vice president and chief customer officer of NRG Energy.

  The husband of an Obama bundler who promised to raise up to $100,000 for the president’s reelection got a guaranteed green energy loan of $1.2 billion. What a coincidence, but wait there’s more!

Warren Buffett’s MidAmerican Energy holds a stake in another NRG project that received a $967 million Department of Energy loan guarantee.

  Warren Buffet’s fingerprints are all over part of this deal as well, and this isn’t the first time he has benefitted from a decision Barack Obama made–see here and here—but at least these loans helped to save these fledgling companies right?

  Wrong, despite over $2 billion in loans to these green energy companies with ties to Barack Obama they still reported a loss of over $200 million; money well spent if you are Barack Obama and the ultimate return on your investment is money coming into the campaign coffers at the expense of the taxpayers.  Remember when you  hear Barack Obama claim Solyndra is one bad apple and the rest of the portfolio is sound that Barack  Obama isn’t being entirely truthful, and if he is reelected, partly with the money spent on these programs, we can expect more of the same failed policies.