Anybody remember this?
And as the lazy, whining, and confused OWS nimrods march we get this news.
At least ten members of President Barack Obama’s 2008 campaign finance committee, plus more than a dozen of his campaign bundlers, benefited from sweetheart loans through the Department of Energy (DOE) that collectively dwarfed those given to Solyndra and Fisker.
Around 80% of all the money loaned out by the Department of Energy’s 1705 Loan Guarantee Program, over 16 BILLION dollars went to companies run by, or owned by, Obama cronies.
Shocked?
I think not.
After living with Obama for 3 years the details of the cronyism isn’t shocking either:
Instead of appointing a team of scientists or engineers to direct the DOE’s loan program office, Schweizer contends, the Obama administration placed some of the president’s biggest fundraisers in control. For example, Steve Spinner, who served on the Obama campaign’s National Finance Committee and was himself a top bundler, was tapped as the “chief strategic operations officer” for the DOE’s loan programs. Spinner was joined at DOE by another Obama fundraiser, Sanjay Wagle, and by Democrat donor Jonathan Silver, who would serve as executive director of the program.
With the scientists and engineers effectively out of the way, and the President’s top backers at the levers of the DOE’s loan program, the Obama administration was able to funnel billions of taxpayer dollars back to green energy companies associated with the President’s political and financial patrons.
For members of Obama’s national finance committee, the returns on investing in Obama’s 2008 campaign were incredibly lucrative, according to Schweizer. For every dollar committee members raised, they received $24,783 in return in the form of DOE sweetheart loans, on average.
…The Government Accountability Office red-flagged this apparent–and historic–pattern of crony capitalism in its March 2011 report, which found that the DOE’s loan and grant programs had doled out federal monies through a process that appeared “arbitrary,” lacked proper documentation, and that “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.”
Oh, btw….SEIU endorsed Obama, saying, among other things, that he is for the 99%!
So I’m guessing that 99% wants cronyism government managed rather than privately eh?
@MataHarley: He is on literally between campaign stops and it is the last 8 minutes of the show on 11/16.
anticsrocks, HI, I was reading more about the algorithms on BBC, CHECK IT UP, VERY INTERESTING PART TO READ from KEVIN SLAVIN AN EXPERT, AND THE LAST PART IS WHAT WAS THE ONE I ask you to check previously,
BYE
@ilovebeeswarzone: I lost that link, beezy. Could you re post the link?
anticsrocks
just ask for search on BBC NEWS, OR BBC BY ITSELF OR BBCNEWS ATTACH TOGETHER,
LET ME KNOW HOW YOU DID
BYE
How many of Obama’s buddies are doing this?
anticsrocks
I just type BBC on search and it came right on algorithms
anticsrocks
try BBC NEWS TECHNOLOGY
IF YOU HAVEN’T GOT IT YET
Thanks beezy. I was amazed at what Slavin had to say. The fact that the algorithms bid against one another on amazon.com and raised the price of a book to 2.6 million pounds.
Gives a whole new meaning to the term, “priceless.”
anticsrocks
I was impress to read that the WALLSTREET IS OWN BY THOSE CRITTERS,
THEY DEPEND ON IT.
BYE
THE DEPARTMENT OF ENERGY 1705 LOAN GUARANTEE PROGRAM,
AND THE OTHER PROGRAMS AND AGENCIES , SHOULD BE ALL CUT IN HALF,
THAT’S AN IDEA FOR THE SUPER COMITY TO FINISH WITH A REASONABLE CUT EXPANSE FOR THE GOVERNMENT AS A START TILL THE NEXT ELECTION, AND FOR THE NEXT ELECTION THE AMERICANS SHOULD GET RID OF ALL THE DEMOCRATS LEADER AND ALL, THAT WILL BE A SURPLUS FOR AMERICA INSTANTLY, AFTER THE NEW ELECTED GIVE THEIR OATH TO AMERICA WITH IT’S FLAG, AND IT’S CONSTITUTION.
THIS IS MY LATEST IDEA ON SOLVING THE PROBLEM OF THE SUPER COMMITEE, WHICH DON’T THINK THEY CAN FIND A SOLUTION AND ARE LOOKING FOR BRIGHT IDEAS
AND IT’S FREE,
YOU’RE ALL WELCOME
anticsrocks
hi,
you know, I was thinking why the algorithms bid against each other to raise the price of the book
THE FLYE at AMAZON
okay I got the answer, that is because they protect one of them critters, which the flye is also one of,
bye
@ilovebeeswarzone: #21
You reminded me of God creating man. He looked at what he had created, then said to himself, “I can do much better than that,” then he created woman.
I have wondered just how much Obama and his gang have been involved in OWS. It wouldn’t surprise me if this is part of their plan to transform this country away from a republic into something else.
SMORGASBORD
hi
yes I believe this is part of a plan, wich we must uncover before the next election.
bye
Remember March, 2011 when Obama made the first outrageous offshore oil loan guarantee decision for Brazil?
It added thousands of jobs to Brazil, but we lost hundreds of thousands of jobs at the same time.
Well…..Obama has done it again!
Obama knocked Kansas aircraft maker Hawker Beechcraft out of contention for a $1 billion project to make a fleet of lightweight counterinsurgency aircraft for the Air Force.
And, yes, Brazil plane maker Embraer is the winner!
We lose thousands of jobs AGAIN!
Brazil gains them.
But we will be getting the same planes Brazil sells to Iran…..our enemy.
Weird.
How do you win a dog fight with an enemy in the same plane BUT who has had years more experience flying it?
Just a question.
Nan G
I’m shock by theses actions, It’s not the first deal he made in BRAZIL.
WHAT’S UP IN THERE DRAWING HIM TO GIVE THEM WHILE TAKE AWAY FROM THE AMERICANS, DOES ANYONE CAN STOP HIM, THERE MUST BE A LAW TO CUT HIS EXPANSES AND DECISIONS
WHICH HURT AMERICA,
INCREDIBLE TO BE A USA PRESIDENT DOING SUCH ACTIONS ,DESTROYING THE JOBS OF AMERICANS RIGHT UNDER THEIR NOSE TO FAVOR ANOTHER COUNTRY BECAUSE HE LIKE THEM.
Obama can’t turn America socialist as long as Capitalism is till working. So he’s trying to use the “crisis” to his advantage, even if he has to make things worse, first.
@Hard Right: #65
Obama has to make the USA worse for us so he can make it better for himself.