OCT
21
2011

Obama Admin gave $500MM loan to GORE-CONNECTED electric car company to build cars… in Finland!

Between government-sponsored “Green-Energy” fraud-laden projects such as Solyndra, SolarReserve, and Fisker Automotive, the conflict-of-interest laden PORK-FEST continues… and when they fail, it’s called a “BET” gone BAD.  Nice to see that our government is in the business of gambling with taxpayer dollars by investing huge sums (that we already can’t afford) in entities that always seem to directly benefit a few politically well-connected folks, from Al Gore, to Nancy Pelosi’s brother-in-law Ronald Pelosi, among many others. Why don’t more people talk about hanging THOSE “rich” folks out to dry? Or how about all the “rich” bankers who continue to receive interest-free capital loans at the expense of little old ladies? And once their principal is wiped out on expenses, the banks can steal the rest by charging 30%+ APRs on credit card debt that costs them 0% to loan out courtesy of the Fed. Nice gig if you can get it.

And they wonder what the protesters at “Occupy Wall Street” are upset about…

“An electric car company that received more than a half-billion-dollar Obama administration-approved loan is reportedly now assembling its first line of cars in rural Finland, rather than in the United States. What’s more, the car company, Fisker Automotive, is funded by a venture capital firm whose partners include former Vice President Al Gore.” – Obama Admin Gave half-billion dollar loan to Gore-Connected electric car company to build cars in finland

“The SolarReserve project is backed by an energy investment fund where the Minority Leader’s brother-in-law Ronald Pelosi is second in command.” – Nancy Pelosi’s brother-in-law is given $737m of taxpayers’ money to build giant solar power plant in middle of the desert

“A group of Democratic operatives have formed an investment company called U.S. Renewable Energy Group, or US-REG, which seems to exist for the sake of buying green-tech companies, and then helping them get subsidies. In at least one case, US-REG appeared to be a U.S. beard for a Chinese company seeking U.S. dollars to make wind turbines in China.” – Green subsidies: A breeding ground for corruption

“A senior Energy Department official pushed hard for the government’s $535 million loan to the now-bankrupt California solar energy company Solyndra even after he had disclosed that his wife’s law firm represented the company and he had promised to recuse himself from matters related to the loan application, according to e-mails provided to Congressional investigators by the administration.” – E-Mail Shows Senior Energy Official Pushed Solyndra Loan

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