SHOCK CLAIM: Energy Dept. Kickbacks Make Obama America’s Biggest Crony Capitalist… Ever
by Wynton HallAt least ten members of President Barack Obama’s 2008 campaign finance committee, plus more than a dozen of his campaign bundlers, benefited from sweetheart loans through the Department of Energy (DOE) that collectively dwarfed those given to Solyndra and Fisker.
Investigative journalist Peter Schweizer, who is also a Breitbart editor, reveals the full extent of the DOE scandal in his explosive new book, Throw Them All Out. The book is featured in this week’s Newsweek, and was the subject of 60 Minutes this past Sunday, Nov. 13.
Schweizer’s research reveals that of the $20.5 billion in the DOE’s 1705 Loan Guarantee Program, $16.4 billion in taxpayer money–roughly 80% of all loans in the program–went to green enterprises “either run by or heavily owned by Obama financial backers–individuals who were either bundlers, members of Obama’s national finance committee or large donors to the Democratic Party.”
In 2009, President Obama had promised that the allocation of all federal stimulus monies would be nonpartisan, ethical, and fair. “Let me repeat that: Decisions about how Recovery money will be spent will be based on the merits. They will not be made as a way of doing favors for lobbyists,” Obama said.
However, Schweizer alleges, the Obama administration may be guilty of “the greatest–and most expensive–example of crony capitalism in American history.” (more…)







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