The views expressed in any article published in this blog are the author's own and do not necessarily reflect the views of Joseph Foster or Bob Lupoli.

Tuesday, February 21, 2012

Obama's Loans to Donors

Joe:  see this article below. I’d like for the U.S. Government to get out of business. I don’t want government loans going to car companies, solar industry, or any other company. This is the legal graft that is plaguing this country and it is not only the democrats. And in business corporations do the same thing they hire friends, spend lavishily on salaries and expenses and it is all legal, honest, graft. It smells and rots from the head down. -Bob 

80% of ‘Green Energy’ Loans Went to Top Obama Donors

With Energy Secretary Steven Chu set to testify Thursday before the House Energy and Commerce Committee about the government’s $573 million loan to failed solar panel maker Solyndra, an explosive new list of energy loan amounts to President Obama’s top fundraisers, bundlers, and supporters has been released by Breitbart editor Peter Schweizer, author of Throw Them All Out.

As the list reveals, 80 percent of all $20.5 billion in Department of Energy loans went to President Obama’s top donors. Furthermore, some of those dwarf in size those given to Obama bundler George Kaiser, owner of the now defunct Solyndra.

The list—which features the likes of Google owners Larry Page and Sergey Brinn, Robert F. Kennedy Jr., Ted Turner, John Doerr, and Al Gore—raises new questions about the procedures used to administer the now-controversial DOE loans.

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