As usual, there's always a set of immunity charms for the privileged friends and family of the ruling class. When it comes to all the Green Robber Barons who've reaped an obscenely unfair share of billions of tax dollars from the Obama administration, the envy trumpeteers will be quieter than a nest of mute church mice.
Obama's State of the Union address defiantly pitched a new round of clean energy spending orgies to help the "middle class." But how have the serial bankruptcies and near-bankruptcies of several federally subsidized solar companies -- all under Obama's watch -- helped anyone but an upper-crust elite of eco-crats and their lobbyists and consultants?
Bankrupt Solyndra, billionaire George Kaiser. In the wake of the half-billion-dollar Solyndra stimulus bust, company officials revealed plans to hand out hefty bonuses totaling $500,000. Months before the politically connected solar energy manufacturer went belly up, it was doling out bonus payments of between $40,000 and $60,000 to several executives. Last week, a local CBS News crew caught employees at the Silicon Valley headquarters trashing solar panel glass tubes worth an estimated $10 million.
The now-abandoned Taj Mahal complex cost ordinary Americans more than $733 million. But billionaire Democratic donor and frequent White House guest George Kaiser, whose nonprofit foundation was Solyndra's biggest investor, is still sitting pretty. He and the other private investors of Solyndra will recoup their losses ahead of taxpayers. And while they blast their GOP opponents, double-standard Democrats will remain AWOL on the glaring tax-avoidance strategies of the wealthy Kaiser Family Foundation.
Bankrupt Beacon Power, fat Democratic coffers. This green energy storage plant filed for bankruptcy last fall after a $43 million injection of Obama Department of Energy loan guarantees. Federal election record filings show that CEO William Capp contributed to the 2008 Obama campaign, as well as several left-wing New England Democratic candidates. Beacon Power lobbyist Steve Wolfe was a former aide to the late Sen. Ted Kennedy. Beacon sought bankruptcy shelter two days after the White House responded to fiscal watchdogs' demands for a review of the DOE's shoddy loan monitoring programs.
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