Tuesday, the Washington Free Beacon broke this story:
“New disclosures show that one of President Obama’s bundlers is the wife of an executive at an energy company that received a more-than-$1.2 billion Department of Energy (DOE) loan guarantee for a solar power plant.”
This is hardly the first time Obama has played fast and loose with taxpayer money to the benefit of his supporters. Obama’s many insider deals through the Department of Energy are well documented. His administration has funneled billions of dollars to companies with ties to his top political donors. Some went bankrupt like Solyndra, which took over half a billion dollars and laid off over 1,000 employees. Others, like Fisker Automotive, took the money and created jobs overseas.
When government gets into the business of picking winners and losers, we all lose—especially when it’s done for Obama’s political purposes.
In 2008, then-Senator Obama declared, “We're going to have to change the culture in Washington so that lobbyists and special interests aren't driving the process.” Promise broken.
Sadly, Obama shows no sign of backing off these attacks on free enterprise, however misguided. So, what’s next? Rolling out the red carpet for the Castro regime?
Oh wait, he already did that.