Monday, April 30, 2012

Solyndra Was Not The Only Failure

As we get into the campaign season (has Obama ever left it?) some recollections of what President Barack Hussein Obama said and has done (courtesy of Peter Schweizer and Ashe Schow) are both humorous and instructive. Humorous because you have to laugh at what Obama has said and done to keep from crying.  Instructive because this is what we can expect from Obama (and more) if he gets reelected.
Peter Schweizer, in his book Throw Them All Out, told us that Obama said that taxpayer money would not be doled out to political friends.  "Decisions about how Recovery Act dollars are spent will be based on the merit," Obama said, referring to the 2009 stimulus.  "Let me repeat that: decisions about how recovery money will be spent will be based on the merits.  They will not be made as a way of doing favors for lobbyists." 
I guess the word "lobbyists" provides him with an "out" since none of the CEOs of the green energy companies he backed are registered as lobbyists.  Just like the last Democrat president this country had, every word uttered must carefully be parsed.  But then, I don't know the meaning of the word "is."
Anyway, Obama was emphatic about how recovery money was to be spent.  But... as Schweizer says, the 1705 Loan Guarantee Program and the 1603 Grant Program funneled billions of dollars to alternative-fuel and green-power companies.  The loan guarantees and grants were earmarked for green energy projects, so it is not surprising to learn that these companies were run by liberals.  And guess what!  Eighty percent of the Department of Energy's (DOE) green loans, loan guarantees, and grants went to Obama backers. As Gomer Pyle used to say, "Surprise, surprise, surprise."

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