You have to use a scorecard to keep up with all of the theft, bribery, money laundering, stock swindling and payoffs this administration has done. Not only is it criminal, it is so obviously criminal that anyone else would be wearing silver bracelets and doing the perp walk.
Anybody who has followed the “green jobs” push from the beginning caught on to the sham a long time ago, but details continue to emerge as to how our tax dollars are enriching Obama cronies and even sitting members of Congress:
Peter Schweizer, president of the Government Accountability Institute, said President Barack Obama had a “recycling” program that used crony capitalism to reward its campaign contributors, who would then funnel money back to the Obama campaign.
Appearing on Fox News’s one-hour special on Thursday about the “District of Corruption” movie, Schweizer said crony capitalism was so rampant in the Obama administration that Obama campaign bundlers received more than $21,000 on average in government-backed loans and grants for every dollar they contributed to the Obama campaign.
Schweizer said the Obama administration treated taxpayer dollars as “gift bags” to give to its top donors, which he called “the Obama recycling program.”
In many instances, Schweizer said top Obama administration bundlers and influential Democrats — like California Senator Dianne Feinstein and former Vice President Al Gore– invested in companies before those companies received government-backed loans and grants, and then saw their investments flourish.
One such company was Amyris biotechnologies in Berkeley, California. Weeks before Amyris received a $25 million grant from the Obama administration, Feinstein and her husband bought nearly a $1 million in equity in the company. Then, the initial investors, such as Gore, saw a $12 million investment balloon to more than $80 million after they took the company and cited the government grants as a reason the company would be successful. As Schweizer noted, the IPO was only possible because of taxpayer dollars.
Anyone else in the market doing this would go to jail. Hell, they’ve GONE to jail, and because Feinstein is a sitting senator should not an excuse her for this. There is no way she didn’t know that the grant was coming. That is a variation of insider trading. It is illegal. Yet, they made money, scads of it apparently, and she’ll make more.
This was one reason I wanted Romney to win. The guy is a fair guy who believes in the rules. Something like this could have ended up over at DOJ under his administration and an investigation would have been started.
But no, we’ll have to suffer story after story after story. And then we’ll suffer nothing but silence from the voices on the Left because it is their guys. Remember this when we get back into the White House and somebody goes after the next generation Scotter Libby or Gonzales. We should just laugh and ignore them. What use is the rule of law if the people at the top scoff at it?