The $535 million of our money Obama laundered through the Solyndra debacle to pay off donor George Kaiser is only the tip of the iceberg. Another example of how Hopey Change (formerly known as Chicago-style corruption) is applied to energy policy:
Angus King, former governor of Maine, Obama supporter, and front-running independent Senate candidate, owned a wind company. Obama’s Department of Energy handed over a deeply questionable $102 million loan to that company. It appears that as that company was coming under investigation, King quickly divested himself of his interests, hoping he was doing so just in time to escape scrutiny, and as he was preparing to announce his candidacy for Senate.
But that’s not where the story ends. It seems that before he left the company, King helped apply for a Department of Energy grant worth some $33 million. Which means one of two things: either the company was thriving, in which case King was helping bilk taxpayers for an additional $33 million; or the company was having financial difficulties, in which case the $33 million grant was designed to help cover the cost of the loans, $23 million of which was coming due with a maturity date of April 27, 2012.
Either way, the situation doesn’t look good for King, or the Obama Administration. Either the two were working to ensure that King’s company got paid millions so that King could reap the benefits, or they were working to cover up a troubled company and highly questionable investment subsidized with federal tax money.
Why is Obama running for reelection instead of cooling his heels in an orange jumpsuit for the looting spree he calls an energy policy? Because the “mainstream” media will see to it that stories like this are swept under the rug, and Republicans are afraid to make an issue of them.
On a tip from J.