Barack Obama used green energy loans to “recycle” money to Democrat donors
Many of us have found it to be curious that so much money awarded by the government under Barack Obama’s green energy initiative manged to find its way into companies with ties to the Democrat party. Mitt Romney even alluded to this during the first debate but then backed off it for some reason.
Now the head of the Government Accountability Institute (and it I am not mistaken wasn’t the GAI embroiled in a little controversy of their own?), Peter Schweizer, is making the claim that the Obama regime’s green energy initiative was a recycling project all right–but it was recycling green energy money to campaign donors as a reward before those campaign donors recycled the money back to Barack Obama’s campaign.
Peter Schweizer, president of the Government Accountability Institute, said President Barack Obama had a “recycling” program that used crony capitalism to reward its campaign contributors, who would then funnel money back to the Obama campaign.
Schweizer said crony capitalism was so rampant in the Obama administration that Obama campaign bundlers received more than $21,000 on average in government-backed loans and grants for every dollar they contributed to the Obama campaign.
According to this story there are instances where powerful Democrats just happened to invest in companies shortly before they received this green energy loans:
Weeks before Amyris received a $25 million grant from the Obama administration, Feinstein and her husband bought nearly a $1 million in equity in the company. Then, the initial investors, such as Gore, saw a $12 million investment balloon to more than $80 million after they took the company and cited the government grants as a reason the company would be successful
Was this just a coincidence or was there some type of insider trading of sorts going on? I think we all know the answer to that question. Of course this isn’t news at this point because many of us saw what was going on here almost from the beginning and were sounding the alarm horns, but I thought I would take the opportunity to remind the American people that elections have consequences and we are getting what we deserve for ignoring what was happening right under our noses.
The people decided this was acceptable when they voted for four more years of the same failed policies because with Barack Obama’s win has come renewed talks about global warming, cap and trade, and green energy and we all know what that means…..