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. Youll be hearing much more from the White House about the wealthy few who arent paying their fair share as Obamas re-election campaign doubles down on class-war demagoguery.
As usual theres 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 whove 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.
Obamas 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 Obamas 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 $500000. Months before the politically connected solar energy manufacturer went belly up it was doling out bonus payments of between $40000 and $60000 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 Solyndras 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 DOEs 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 companys latest SEC filings warn of multiple defaults.
My scouring of White House visitor logs shows nine visits from another Green Robber Baron Illinois-based Exelons 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 Obamas largest fundraisers. Obamas chief political strategist David Axelrod worked as a consultant to Exelon. Obamas 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.
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. Youll be hearing much more from the White House about the wealthy few who arent paying their fair share as Obamas re-election campaign doubles down on class-war demagoguery.
As usual theres 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 whove 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.
Obamas 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 Obamas 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 $500000. Months before the politically connected solar energy manufacturer went belly up it was doling out bonus payments of between $40000 and $60000 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 Solyndras 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 DOEs 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 companys latest SEC filings warn of multiple defaults.
My scouring of White House visitor logs shows nine visits from another Green Robber Baron Illinois-based Exelons 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 Obamas largest fundraisers. Obamas chief political strategist David Axelrod worked as a consultant to Exelon. Obamas 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.
