By now were all pretty much familiar with the Solyndra scandal. If not you can go here and here and read these posts by the Sound Off Sister Plus I have included a video on the Solyndra investigation below. But all you really need to know is that this solar panel company, pretty much owned by Barack Obama supporter went belly up and took more than $500 million of your tax money with it. Now it turns out, Solyndra is not the only green jobs company with ties to Obama.
In a report this morning in the Washington Examiner, Tim Carney points out all of the green company handouts that went to friends of Barack Obama.
- Al Gore acolyte Cathy Zoi was Obama’s assistant secretary for energy efficiency and renewable energy while her husband was an executive at a company that received direct subsidies from the Obama administration and profited from the Cash-for-Caulkers bill Zoi’s division implemented. Zoi has since left DOE to run a clean-tech hedge fund owned in large part by Democratic mega-donor George Soros.
- A group of Democratic operatives have formed an investment company called U.S. Renewable Energy Group, or US-REG, which seems to exist for the sake of buying green-tech companies, and then helping them get subsidies. In at least one case, US-REG appeared to be a U.S. beard for a Chinese company seeking U.S. dollars to make wind turbines in China.
- Treasury Department chief of staff Mark Patterson was a Goldman Sachs lobbyist advocating susbidies for cellulosic ethanol while Goldman was buying up a cellulosic ethanol company. Patterson never received a waiver from the administration’s restrictions on former lobbyists, but the adminstration has never explained how a Goldman lobbyist could work at Treasury without working on issues affecting tax law, finance, banking, or Goldman.
- A Soperton, Ga., ethanol plant — founded by major Democratic donor Vinod Khosla — sucked up more than $162 in federal and state subsidies before shutting down without ever producing a drop of ethanol.
Carney has more. Go read it all. But the long and short of it is the green jobs scam is just another way for the political elite to take your money.