Tag Archives: Kickback

Nancy Pelosi’s brother-in-law gets $737M of taxpayers’ money to build solar plant

From the UK Daily Mail.

Excerpt:

Nancy Pelosi is facing accusations of cronyism after a solar energy project, which her brother-in-law has a stake in, landed a $737 million loan guarantee from the Department of Energy, despite the growing Solyndra scandal.

The massive loan agreement is raising new concerns about the use of taxpayers’ money as vast sums are invested in technology similar to that of the doomed energy project.

The investment has intensified the debate over the effectiveness of solar energy as a major power source.

The SolarReserve project is backed by an energy investment fund where the Minority Leader’s brother-in-law Ronald Pelosi is second in command.

PCG Clean Energy & Technology Fund (East) LLC is listed as one of the investors in the project that has been given the staggering loan, which even dwarfs that given to failed company Solyndra.

Other investors include one of the major investors in Solyndra, which is run by one of the directors of Solyndra.

Steve Mitchell, who served on the board of directors at the bankrupt energy company, is also managing director of Argonaut Private Equity, which has invested in the latest project.

Since Solyndra has filed for bankruptcy has been asked to testify about the goings on at the firm by two members of the House and ‘asked to provide documents to Congress’.

[…]The project approval came as part of $1 billion in new loans to green energy companies yesterday.

Did they learn anything from Solyndra? No:

‘The administration’s flagship project Solyndra is bankrupt and being investigated by the FBI, the promised jobs never materialised, and now the Department of Energy is preparing to rush out nearly $5 billion in loans in the final 48 hours before stimulus funds expire — that’s nearly $105 million every hour that must be finalised until the deadline,’ said Florida representative Cliff Stearns, who is chairman of the investigations subcommittee of the House Committee on Energy and Commerce.

Since Nancy Pelosi took over federal spending in January 2007, the national debt has increased from $8.5 trillion to about $17.5 trillion. That’s NINE TRILLION dollars in new spending. And much of it just handed off to the people and groups who got the Democrats elected 2008 and 2012.

Obama violates his own stimulus law by refusing to release status reports

The Weekly Standard reports.

Excerpt:

Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately?  In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.  Even in Washington, that’s not considered good bang for the buck.

Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.

Alas, that was the last report we’ve seen.  Never mind that Section 1513 of the “stimulus” legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months.  It reads:

“In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.”

[…]By now, [the Obama administration] was supposed to have released fourteen such reports.  It has released only eight.  The last one covered the period ending in June 2011.  That’s right — 2011.

With only 58.6 percent of Americans currently employed — down 2.4 percent from the time of Obama’s first inauguration — it’s not surprising that the Obama administration doesn’t really want to fulfill it legal responsibilities and release subsequent reports on its failed “stimulus.”  However, it hardly seems fair — to use one of Obama’s favorite words — that the rich and (extremely) powerful think that they can choose whether or not to abide by the laws they spearhead and sign, while the rest of us are forced to obey them.

I’m not surprised by this, because we all know that Democrats are the biggest tax cheats ever. It’s not surprising to me that they pass laws that they have no intention of following themselves, because they are hypocrites. The laws are meant to stop others from succeeding, but Democrats themselves always seem to be exempt. Just like the waivers that the big labor unions got from Obamacare. Poverty for thee, but not for me.\

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Abortion provider Planned Parenthood receives record amount of taxpayer funding

Dad sent this disturbing article from Fox News.

Excerpt:

Planned Parenthood reported receiving a record $542 million in taxpayer support in fiscal 2012, marking a steady increase in government funding despite Republican-led efforts at the state and federal levels to cut off that stream.

The funding figures were included in the abortion provider’s annual report released Monday. The numbers showed roughly 45 percent of Planned Parenthood’s budget now comes from taxpayer dollars.

Pro-life groups quickly seized on the report to renew their calls for Congress to “defund” Planned Parenthood.

“Americans are sick and tired of underwriting the nation’s largest abortion business,” said Marjorie Dannenfelser, president of the Susan B. Anthony List.

Republican Tennessee Rep. Diane Black said the report “underscores the pressing need to cut off all federal funding for Planned Parenthood.”

The Republican-controlled House voted in the last session to strip federal funding for the organization But the measure did not advance.

Separate efforts at the state level to yank funding have been blocked by the courts. Mostly recently, a federal appeals court in October blocked Indiana from carrying out a law to cut Medicaid funding for Planned Parenthood.

My other favorite Congresswoman, Marsha Blackburn, has already introduced the first pro-life bill of the new session of Congress. It’s up to the Republicans to protect innocent unborn children from the ravages of selfish, irresponsible adults. The Democrats are profiting from the killing, because right after Planned Parenthood collects all that taxpayer money, they turn around and make massive donations to the Democrat party. It’s all about the money for the Democrats. My other favorite Congresswoman, Michele Bachmann recently introduced a bill to repeal Obamacare, which forces businesses to offer abortion drugs as part of their health care plans.

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