Crony Capitalism, Obama Style…….

16 Apr

Under the  guise of “investing” in so-called green energy, the Obama   Administration is  perpetrating yet another massive scam on the American   people.  It has now been documented that Obama is  using your   hard-earned tax dollars to line the pockets of his biggest campaign    donors.

But don’t take our word for it…

According to research done by Hoover  Institution Fellow Peter   Schweitzer, the hundreds of millions of dollars in  taxpayer-backed   loans handed to Solyndra – the now bankrupt company that was  run by   Obama campaign bundler George Kaiser – is just the “tip of the    iceberg.”

In fact, a staggering 80% of the federal  grants and loan guarantees   made to green-tech firms by Obama’s DOE since 2009 were  made to   companies whose chief executive or chief investors were major    contributors and big money men to Obama’s 2008 presidential campaign.

TELL CONGRESS – STOP THE “GREEN ENERGY” SCAMS – SELECT HERE

Schweitzer’s research reveals a  devastating picture of corruption in   Washington, D.C.  Democrats, Republicans, Congressmen, Senators,    administration officials and bureaucrats – the corruption is   widespread.

Billions upon billions of dollars literally  have poured into the   coffers of Obama’s biggest campaign donors whose  quasi-green products,   like bankrupt Solyndra’s solar panels or the exploding  Finnish eco-car,   were not only questionable, but very clearly doomed to failure  from   the beginning.

Given the number of reports warning the Obama  Administration against   many of the “green” loans and government handouts, it is  now obvious   that the money transfers were  never meant to rescue the American economy or create jobs… Rather, the program from the very beginning was about nothing more than  lining the pockets of loyal Obama supporters.

TELL CONGRESS – STOP THE “GREEN ENERGY” SCAMS – SELECT HERE

Even the non-partisan Government  Accountability Office (GAO) has   chastised the Obama Administration for the  manner in which DOE loans   and handouts were granted.  According to GAO:

  • Many of the loans lacked adequate documentation and performance measures.
  • Obama’s DOE granted many loans based on favoritism while denying   or disadvantaging       other equally and often more qualified potential   borrowers.  

And DOE’s own inspector general, Gregory Friedman, has   testified that many  of the contracts have been steered to “friends and   family.”

Yet despite all this, Barack Obama wants to double down on  the   program.  In fact, Obama’s Department  of Energy has announced its   intention to issue even more “green energy” loans.   How many   major Obama 2012 donors do you think will be on the receiving  end of   those new loans and grants?

Let’s not wait to find out. It’s time to be proactive and  demand   that Congress – holder of the purse strings – immediately step in and    STOP ALL “GREEN ENERGY” LOANS and HANDOUTS NOW!   Furthermore, we must   demand a more complete and full investigation into  the Obama   Administration’s green scam.

We must act now, before yet another taxpayer dollar is  flushed down the green scam toilet.

TELL CONGRESS – STOP THE “GREEN ENERGY” SCAMS – SELECT HERE

Yours In Freedom, Jeff Mazzella President

Center for Individual Freedom 917-B King Street Alexandria, VA 22314 Phone: 703-535-5836 Fax: 703-535-5838

CFIF is a 501(c)(4) not-for-profit  constitutional advocacy organization with the mission to protect  and defend individual freedoms and individual rights. Contributions to CFIF are not deductible as charitable  contributions for federal income tax purposes.


2 Responses to “Crony Capitalism, Obama Style…….”

Trackbacks/Pingbacks

  1. Sorry Barry; Google & Facebook aren’t like Solyndra | Grumpy Opinions - April 17, 2012

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  2. Republicans complain taxpayers fund Obama political travel « CITIZEN.BLOGGER.1984+ GUNNY.G BLOG.EMAIL - April 26, 2012

    […] Crony Capitalism, Obama Style……. (icanbeatobama.com) […]

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