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Federal funds flow to clean-energy firms with Obama administration ties

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posted on Feb, 15 2012 @ 05:47 PM
Federal funds flow to clean-energy firms with Obama administration ties

A Washington Post apparently has done some kind of "analysis" that indicated that the Obama government has spent $3.9 billion either by grants (no return address) or loans (paid back if they stay in business) to 21 companies with ties to five Obama administration staffers and advisers.

The article is focusing on key players from Obama's 2008 campaign who have since taken government jobs that seem to be in control of just who gets the money (maybe, innocent until proven guilty).

Some damning e-mails have surfaced during Congressional hearing indicating the White House may be fibbing just a little about some details !!!

With many failed projects already under the shovel, the Energy Department is insisting that all awards were based on merit.

Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008, rallying support through a group he headed known as Clean Tech for Obama.

Shortly after Obama’s election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms.
sounds like a real likable guy, I wonder if the agenda was set up before Obama was even elected !

Following an enduring Washington tradition, Wagle shifted from the private sector, where his firm hoped to profit from federal investments, to an insider’s seat in the administration’s $80 billion clean-energy investment program.
yep, sounds like it was a plan alright !

White House officials stress that staffers and advisers with venture capital ties did not make funding decisions related to these companies. But e-mails released in a congressional probe of Obama’s clean-tech program show that staff and advisers with links to venture firms informally advocated for some of those companies.

looks like the clean energy project was a well "oiled" machine

Clean Energy = A Clean Getaway !

This is a good project for the new Truth Team !!

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