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Obama’s Green Energy Money-Go-Round

by Keith Koffler on February 16, 2012, 4:08 pm

Want to make sure you saw this piece in the Washington Post detailing how firms with connections to Obama staffers benefitted from all the money thrown at green energy projects.

From the piece: 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.

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 . . .

During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagle’s former firm, Vantage Point Venture Partners, had invested, a Washington Post analysis found.

Overall, the Post found that $3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers.

Obama was supposed to change the culture of Washington and end practices such as these. Instead, he changed the websites of Washington.

H/T to Ed Morrissey over at Hot Air, where I found this video.

{ 22 comments }

AFVET February 16, 2012 at 4:43 pm

Change Washington ?
Yeah he changed it alright, along with Pelosi and Reid and Frank and Dodd.
Yeah, they changed it into even more of an unbelievable cesspool of corruption that existed before they got their disgusting claws on it.
It is up to US to change Washington at the polls, if not sooner.
Congress should have enough information by now to bring impeachment charges up against Obama.
Sheriff Joe’s ‘Cold Case Posse’ should have results of their investigations soon.
At what point do we expect the congress to act on obvious information ?.

Mark Davis, MD February 16, 2012 at 4:57 pm

This is the point we made in Demons of Democracy that lawyers do not have the abilities nor the cerebral fortitude to master complex situations. President Obama and his flock of lawyers running the government have exemplified the premise in our book, lawyers are intellectually inept to manage departments in the government or anywhere else. The results you see unfurling before you.

AFVET February 16, 2012 at 5:02 pm

So,…in effect, you are saying that lawyers have no common sense.
I tend to agree with you.

Star February 16, 2012 at 5:34 pm

I would not put any faith in Sheriff Joe, either.

Knothead February 16, 2012 at 8:54 pm

Agreed, brainiacs tend to over analyze

Susan February 16, 2012 at 5:17 pm

Oh dear, does he really believe what he is saying because I sure don’t. This man is Boss Tweed and D.C. is Tammany Hall.

Mike C February 16, 2012 at 5:17 pm

the Chicago way

veritaseequitas February 16, 2012 at 5:29 pm

I believe its called the hokey pokey.

AZ Granny February 16, 2012 at 5:54 pm

What surprises me most about this story is that it’s being reported by the Washington Post. I hope there is an investigation into this.

Knothead February 16, 2012 at 9:29 pm

You left out the com in Washington comPost.

AZ Granny February 16, 2012 at 10:39 pm

Thanks, Knothead! I haven’t heard it called that before but the name certainly is accurate. LOL

QueenOfScott February 16, 2012 at 6:09 pm

OT – where is Michelle and the girls going for their three day weekend? Last year it was Vail or Aspen – can’t remember which.

Knothead February 16, 2012 at 9:34 pm

Sie stellt keine Fragen! Michelle ist die Königin der Welt.

Cooper February 16, 2012 at 10:54 pm

Der Fuhrer und die Fuhrerin, Sieg Heil!

Wigglesworth February 16, 2012 at 6:36 pm

They’re no longer venture capitalists when they work for the government and have no skin in the game. They are vulture socialists.

anneinarkansas February 16, 2012 at 7:26 pm

Criminal and Disgraceful.

Knothead February 16, 2012 at 9:01 pm

Somebody ask the President what kind of vehicle he has in his garage?
I bet it ain’t no Volt!

Star February 17, 2012 at 10:35 am

Did Rezko build him a garage?

Lanie February 16, 2012 at 9:18 pm

The beauty of being a “public servant” is that you enrich yourself and your friends and supporters in ways you would not be able to do otherwise.

You have power and perks and a nice pension and face time on television.

You get to hobnob with celebrities, the most important people on earth (besides yourself) and meet the most fascinating people on earth-despots, dictators, and mass murderers.

You spend other people’s money with abandon while your own wealth grows. (47% of the members of Congress are millionaires).

You can be a criminal, corrupt beyond comprehension and are above the law.

Who would not want to be a “public servant”?

Jennifer Masse February 16, 2012 at 10:04 pm

The clean green movement is the biggest scam and big govt. boon-doggle scheme I’ve ever seen. It must come a close second to Big Education. Didn’t Bobby Kennedy’s son RFK Jr.’s failing clean energy (solar I think?) get close to a $billion from the govt. I liked RFK and I’m sure he’s rolling in his grave. How can these people look themselves in the mirror and not throw up. Yet, I’ve heard zero, zilch, nadda, nothing from the MSM on this.

Justavet February 17, 2012 at 3:51 pm

Obama wants to change the tone. Pelosi said she would drain the swamp. Neither one of these two individuals are true leaders and that is why they failed. That, and they never had real intentions to do so in the first place or a goal that would define success or failure. Words, sometimes do not mean something, Mr. President. Mostly in the instances where you open your mouth and espouse your rhetoric with empty promises which you know are false.

Please make these two go away in November.

crystal April 22, 2012 at 4:30 pm

Need money to put up a windmill in Mich. Need a new well so want to go green. 252-757-1070