Judging by the unhinged and frankly moronic envirofascist nonsense that blasts from Robert Kennedy Jr.’s mouth like diarrhea from a fat man dying of cholera, it’s tempting to dismiss him as crazy and stupid. But he’s not too psychiatrically or cognitively challenged to elbow his way onto the green energy gravy train and with the help of the appallingly corrupt Obama Regime swindle taxpayers out of $1.6 BILLION with a phony shell company called Brightsource Energy. Peter Schweizer, who lifted the rock on this sanctimonious crook, swats away RFK Jr.’s pathetic attempts to justify his participation in the Moonbat Messiah’s ongoing looting spree:
Kennedy never disputes that Brightsource got the money, nor that a former Principal at his firm, Sanjay Wagle, was a fundraiser for Obama and went to work in the Department of Energy’s alternative energy grant program after the 2008 election. Nor does he dispute that Brightsource admitted in filings with the Securities and Exchange Commission (SEC) that the Ivanpah project is highly risky, or that Brightsource is in financial trouble. (The company is $1.8 billion in debt, had total revenue of just $13.5 million in 2010 and ran an operating loss of $71 million.) The company openly admits that its technology may not perform as planned and that it faces technological challenges. It’s also curious to note on the SEC filing (on page 42 linked above) that Brightsource is spending almost six times as much on “marketing, general and administrative” costs than research and development. And more than twice in those areas than it is spending on project development. Does this sound like a company that could survive without taxpayer money?
Mr. Kennedy also tries to downplay the role that his firm plays in the project by noting that Google and others are partners in the venture. I mention all of that in my book. But the Department of Energy is clear on who our money is going to. Note the announcement on Recovery.gov: “DOE Finalizes $1.6 billion loan guarantee for Brightsource Energy, Inc. “ What is not clear here?
Kennedy says that these facts are “inventions.” Really? Which ones? Those mentioned in the Brightsource SEC report? He never says. He assumes that because he says so, they must be inventions. Kennedy’s only real factual challenge is to my statement that the “green employment” created by the Ivanpah project will cost $1 million per job. He calls this a “canard.” Really? I got the information from Department of Energy’s announcement of the project on the federal government’s recovery.gov website. The project is said to create 1,000 jobs, thanks to $1.4 billion in taxpayer money. Do the math. Mr. Kennedy, my “canard” comes from the Obama Administration. Take it up with them.
Just because RFK Jr. is raking in staggeringly massive 10-figure piles of our money doesn’t mean he isn’t flaky enough to believe his own enviromalarkey. Schweizer makes an apt metaphor:
[W]hen there was a push years ago to outlaw alcohol consumption in the American South there was an odd coalition that campaigned in favor of prohibition. Baptists favored it on moral grounds, and bootleggers who saw it was a way to boost their profits. As I point out in the book [Throw Them All Out], there are plenty of wealthy investors who today are both Baptists and bootleggers. They shape public policy because they believe in it but also because they see it as a way of making themselves even richer.
When it comes to green energy, it’s time to recognize that advocates like Mr. Kennedy are not just Baptists, they are also bootleggers. They are looking to enrich themselves through their advocacy. And they are doing it with our money.
Where did the disgraced Kennedy clan originally acquire the fortune that allowed them to buy the power to acquire still greater fortunes through Big Government liberalism and green crony capitalism? Many believe in part through bootlegging.
On a tip from Just TheTip.