Green energy failures under President Barack Obama’s Department of Energy are nothing new. However, it is becoming apparent that the cronyism behind these loans could lead all the way to the White House.
The most infamous of green energy failures was, of course, Solyndra. It was discovered that George Kaiser, the man who secured $535 million in government loan guarantees for Solyndra also gave money to Obama and causes close to administration officials. As you may know, Michelle Obama used to work at the University of Chicago Medical Center, as did several of Obama’s advisors. Kaiser donated to the First Lady’s pet project at that organization, the Urban Health Initiative.
Next, let’s take a look at BrightSource Energy, a power-tower solar thermal system company in Nevada. Not only did Harry Reid receive campaign donations from BrighSource executives, the CEO John Woolard also held a fundraiser for him in 2010. Woolard also donated to the Obama Campaign and has visited the White House numerous times since Obama took office. Other Obama donors include Sanjay Wagle, an executive with one of BrightSource’s major stakeholders. Wagle was also an advisor at the DOE at the time the loan was approved, which should have raised eyebrows. BrightSource Chairman John Bryson became Obama’s Secretary of Commerce. It certainly causes one to suspect cronyism in their $737 million loan.
Read More at freedomworks.org . By Amelia Hamilton.