President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.
Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4.
His energy development firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri.
Republicans argue that it’s inappropriate for the Obama campaign to raise money from a donor who has benefited directly from the Recovery Act.
Missouri Republican Party executive director Lloyd Smith compared the situation to the Solyndra affair, in which the Obama administration reportedly rushed federal support to a green-energy firm that subsequently collapsed.
“At a time when Barack Obama is under fire for steering hundreds of millions of dollars in stimulus funds to a failed company linked to a major campaign donor, it is stunning that he would come to Missouri and raise money with another recipient of stimulus cash,” Smith said in a statement to POLITICO. “Sadly, Missourians have come to expect this kind of pay-to-play from the Obama administration. November 2012 can’t come soon enough.”
The Obama campaign did not respond to a request for comment.
Read more about the Solyndra affair here:
- Obama administration knew $535 million Solyndra loan was too risky
- Obama administration reworked Solyndra loan to favor private donors
- Solyndra CEO and CFO will refuse to answer questions in Congressional hearing
Do you know how to stop this? I’ll tell you. Put money in the hands of individual workers and businessmen who have to work to earn their money and are more careful with how it gets spent. When you raise taxes on individuals and businesses, big-spending liberal politicians use that to get elected, and to get re-elected. Democrats are also the party of taxpayer-subsidized voter fraud.