....beyond the timing of political announcements, the Solyndra investigation has churned up questions about the White House's overall strategy of doling out taxpayer money.
The rolls of green energy subsidies show that beyond a few headline-grabbing cases, several well-connected Democrats obtained taxpayer assistance for environmentally friendly projects.
Among the recipients are:
-- Solyndra, which received $535 million in loan guarantees and whose chief investor was Obama campaign bundler, George Kaiser;
-- Brightsource Energy, which received $1.6 billion and whose senior adviser is Robert Kennedy, Jr., an early Obama backer;
-- Solar Reserve, which got a $737 million loan, and whose major investor, Michael Froman, was a deputy assistant to the president. Froman bundled up to $500,000 for the president's 2008 campaign;
-- Granite Reliable Wind Generation, which received a $168.9 million loan. The company's majority owner is Nancy Ann DeParle, a White House deputy chief of staff and former head of the president's health care communications team during the reform debate; and
-- Abound Solar, which received $400 million in grants. A key investor is billionaire heiress Pat Stryker, who gave $87,000 to Obama's inauguration committee, and hundreds of thousands more to Democratic causes.
Peter Schweizer, author of the book, "Throw Them All Out," wrote that at least 10 members of Obama's finance committee and more than a dozen of his campaign bundlers took money from administration loan programs.
Schweizer told Fox News that he believes that many of those who were chosen to receive loan guarantees, were picked almost solely for their success in raising money for the Obama campaign.
Obama used the alternative energy program as an opportunity to make his campaign contributors "even more wealthy than they are," he said.
"This is a payoff to people who are your political backers and supporters. And this is really a wealth transfer from middle class taxpayers to billionaires," Schweizer said, adding that about 75 percent of the loans and grants doled out by the federal government has gone to "Obama-connected companies" even though the acceptance rate in the program is less than 10 percent.........
Read more: http://www.foxnews.com/politics/201...inistration-loans-obama-allies/#ixzz1dttM2EOC
The rolls of green energy subsidies show that beyond a few headline-grabbing cases, several well-connected Democrats obtained taxpayer assistance for environmentally friendly projects.
Among the recipients are:
-- Solyndra, which received $535 million in loan guarantees and whose chief investor was Obama campaign bundler, George Kaiser;
-- Brightsource Energy, which received $1.6 billion and whose senior adviser is Robert Kennedy, Jr., an early Obama backer;
-- Solar Reserve, which got a $737 million loan, and whose major investor, Michael Froman, was a deputy assistant to the president. Froman bundled up to $500,000 for the president's 2008 campaign;
-- Granite Reliable Wind Generation, which received a $168.9 million loan. The company's majority owner is Nancy Ann DeParle, a White House deputy chief of staff and former head of the president's health care communications team during the reform debate; and
-- Abound Solar, which received $400 million in grants. A key investor is billionaire heiress Pat Stryker, who gave $87,000 to Obama's inauguration committee, and hundreds of thousands more to Democratic causes.
Peter Schweizer, author of the book, "Throw Them All Out," wrote that at least 10 members of Obama's finance committee and more than a dozen of his campaign bundlers took money from administration loan programs.
Schweizer told Fox News that he believes that many of those who were chosen to receive loan guarantees, were picked almost solely for their success in raising money for the Obama campaign.
Obama used the alternative energy program as an opportunity to make his campaign contributors "even more wealthy than they are," he said.
"This is a payoff to people who are your political backers and supporters. And this is really a wealth transfer from middle class taxpayers to billionaires," Schweizer said, adding that about 75 percent of the loans and grants doled out by the federal government has gone to "Obama-connected companies" even though the acceptance rate in the program is less than 10 percent.........
Read more: http://www.foxnews.com/politics/201...inistration-loans-obama-allies/#ixzz1dttM2EOC
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