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Obama’s Green Robber Barons
Written By : Michelle Malkin

Had enough of fat cat Barack Obama, his jet-setting wife and his multi-millionaire Chicago consigliere/real-estate mogul Valerie Jarrett attacking the “rich”? Well, brace yourselves. You’ll be hearing much more from the White House about the “wealthy few” who aren’t paying their “fair share” as Obama’s re-election campaign doubles down on class-war demagoguery.

As usual, there’s always a set of immunity charms for the privileged friends and family of the ruling class. When it comes to all the Green Robber Barons who’ve reaped an obscenely unfair share of billions of tax dollars from the Obama administration, the envy trumpeteers will be quieter than a nest of mute church mice.

Obama’s State of the Union address defiantly pitched a new round of clean energy spending orgies to help the “middle class.” But how have the serial bankruptcies and near-bankruptcies of several federally subsidized solar companies — all under Obama’s watch — helped anyone but an upper-crust elite of eco-crats and their lobbyists and consultants?

Bankrupt Solyndra, billionaire George Kaiser. In the wake of the half-billion-dollar Solyndra stimulus bust, company officials revealed plans to hand out hefty bonuses totaling $500,000. Months before the politically connected solar energy manufacturer went belly up, it was doling out bonus payments of between $40,000 and $60,000 to several executives. Last week, a local CBS News crew caught employees at the Silicon Valley headquarters trashing solar panel glass tubes worth an estimated $10 million.

The now-abandoned Taj Mahal complex cost ordinary Americans more than $733 million. But billionaire Democratic donor and frequent White House guest George Kaiser, whose nonprofit foundation was Solyndra’s biggest investor, is still sitting pretty. He and the other private investors of Solyndra will recoup their losses ahead of taxpayers. And while they blast their GOP opponents, double-standard Democrats will remain AWOL on the glaring tax-avoidance strategies of the wealthy Kaiser Family Foundation.

Bankrupt Beacon Power, fat Democratic coffers. This green energy storage plant filed for bankruptcy last fall after a $43 million injection of Obama Department of Energy loan guarantees. Federal election record filings show that CEO William Capp contributed to the 2008 Obama campaign, as well as several left-wing New England Democratic candidates. Beacon Power lobbyist Steve Wolfe was a former aide to the late Sen. Ted Kennedy. Beacon sought bankruptcy shelter two days after the White House responded to fiscal watchdogs’ demands for a review of the DOE’s shoddy loan monitoring programs.

Bankrupt SpectraWatt, red-faced Goldman Sachs. A solar cell company based in New York, SpectraWatt went belly up last August despite a half-million-dollar federal stimulus boost and lucrative backing from politically connected Goldman Sachs — whose ties reach deep into the Obama Treasury Department, Commodity Futures Trading Commission, White House National Economic Council and 1600 Pennsylvania Ave. itself. The eco-failure was dumped in a fire sale for less than $5 million.

Teetering Nevada Geothermal, cheerleading Harry Reid. Despite $150 million in federal DOE and Treasury Department subsidies — not to mention personal lobbying by Senate Majority Leader Harry Reid — this alternative energy project is on the brink of failure. A Deloitte and Touche audit grimly concludes that the company “has incurred net losses over the past several years, has an accumulated deficit of $44.0 million and an anticipated inability to retire its long-term liabilities.” According to CBS News, the company’s latest SEC filings warn of multiple defaults.

My scouring of White House visitor logs shows nine visits from another Green Robber Baron, Illinois-based Exelon’s CEO John Rowe, who met with the president and former chief of staff Rahm Emanuel multiple times. As Forbes magazine reported: The clean energy company “has very deep ties to the Obama Administration. Frank M. Clark, who runs ComEd, helped advise Obama before he ran for president and is one of Obama’s largest fundraisers. Obama’s chief political strategist, David Axelrod, worked as a consultant to Exelon. Obama’s chief of staff, Rahm Emanuel, helped create Exelon” — where he raked in more than $16 million over two years.

Remember: “Fairness” is in the eye of the wealth redistributors.

Michelle Malkin is the author of “Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies” (Regnery 2010). Her e-mail address is malkinblog@gmail.com.

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  • Martin Hale

    It’s a good thing our ‘educators’ don’t teach much real history these days, otherwise the freetard segment of society might wise up to the fact that wealth redistribution has always been a front for putting the majority of power and money into the hands of those leading the charge to redistribute wealth. 

    • Anonymous

      Some how the wealth-distributors always end up with more wealth than they had before.  Usually more than the evil rich people they were replacing.

      The Czars were closer to their serfs than the Soviet Party was to their citizens. 

      • Right wing has wrong morals

        Such the experts on Soviet politics. Is that the subject that you studied for a semester in school before you dropped out?

        • Daytrip

          I think you’re at the wrong website, as anyone here would school you on any given issue. If you stick around, I see you being forced to call names, change the subject, or flat out sit in a corner with your fingers in your ears like most liberals who visit this site. You can throw out the ad hominem attacks all you like, but I promise you won’t address the issue raised in this tread, namely the hypocritical and corrupt practice of Obama giving millions of tax dollars to people who contributed to his campaign, while railing against “the rich”.

      • Right wing has wrong morals

        Such the experts on Soviet politics. Is that the subject that you studied for a semester in school before you dropped out?

        • Anonymous

          Typical liberal. You have no counterargument, so you resort to personal attacks.

        • Anonymous

          No need to study it specifically, I enjoy reading and live near a half-priced book store and a library.

          Yes, it is possible to teach yourself things.

          Try it.  

        • http://www.patriotpost.com bthewolf

          So tell us what precisely is wrong on his analysis. You know specifics?!?! Because until do that you’re just another liberal idiot troll(redundant I know.)

  • Anonymous

    For a tenth the cost of the stimulus bill we could have offered various generous tax breaks for individuals and businesses to “green” up their homes/buildings.

    New insulation, solar panels, rain cisterns, new heaters/ACs, double paned windows and the like.  Obviously there would need to be some limits and oversight but in the end that would mean a net reduction of energy usage and a drop in pollution without building a single windmill.  It would have employed thousands of middle class americans and would have provided years of benefits for home/business owners.

    Instead we got the various boondoggles in the stimulus and green energy kickbacks.

    I guess it only helps gaia when you give the money to be company owned by a big donor.  

    • Right wing has wrong morals

      Most of the stimulus was in the form of tax breaks anyway, so what are you going on about?

      • http://www.patriotpost.com bthewolf

        Don’t let the facts destroy your argument before you make it.

      • Anonymous

        If your goal is to save the environment, cut our dependence on oil and get money back to the poor/middle class which makes more sense: tax credits for economic activities that are proven to save money for the individual and cut our energy usage (as I outlined) or generic tax breaks with no specific purpose and giving billions to private companies that end up either going under or not living up to their claims?

        My proposal would have solved all three of those goals and would have made a lasting change.

        Instead we got the stimulus. 

        /not all tax cuts are the same, surely you realize this?  Otherwise we wouldn’t hear how Bush’s tax  cuts killed the economy whereas Obama’s saved it.  

      • Anonymous

        Oh really? Lets see a list of those “tax breaks”.

      • http://www.wordaroundthenet.com Christopher Taylor

        The “stimulus” package was 800 billion dollars and the temporary deduction increases added up to 244 billion dollars.  Your math is as bad as your logic.

    • http://www.wordaroundthenet.com Christopher Taylor

      Could have gotten a lot of infrastructure built up with a lot less money too.  But it wasn’t about that.  It was about repaying donors, leftist dream projects, and “green” energy even if it didn’t work.

      • Toastrider

        I was discussing this with an engineer friend. There was an article in Popular Science by an avowed green advocate who pointed out that large-scale projects — the kind that keep getting pushed — are doomed to fail.

        Green research and development would be better directed at small-scale, practical applications (better home insulation, for example).

        The fact that such ‘unsexy’ applications are not being pushed speaks volumes about the so-called ‘green’ groups.

  • Anonymous

    From the lunatic-left d-cRAT socialist dictionary:

    “economic fairness” = the BIG GOVERNMENT nanny/police state decides how much each person gets and anybody who has more than is allowed because of their hard word and success will have that amount taken from them and given to society’s slugs, slackers, deadbeats, losers, pot-heads and the lazy (i.e., the “core” of the d-cRAT socialist party). See also “communism”, “wealth re-distribution”, “failed socialist entitlement state”, “europe”, “destruction of the free enterprise system” and “leftist extremism”.

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