This Frank Drebin picture is going to get quite a workout in the coming months, so get used to it:
We’ve known previously that “clean energy” projects involving Obama’s campaign donors and even Nancy Pelosi’s brother in law have received huge government loans to start companies that even many in the administration knew would do little except take the money, go under, and stick taxpayers with the bill.
That list of names is growing:
Several of Barack Obama’s top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, ABC News and iWatch News have learned.
One of them was Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate. He became one of Energy Secretary Steven Chu’s key loan program advisors while his wife’s law firm represented a number of companies that had applied for loans.
Spinner was not the only Obama political supporter to play a role at the Energy Department. California venture capitalist Steve Westly, who raised more than $500,000 for Obama, had Secretary Chu’s ear on green energy issues as a member of a high-level volunteer advisory panel. Mackey Dykes, who was a finance manager for the Obama campaign, was hired to be the liaison between the Energy Department and White House. Each declined interview requests.
Obama’s political supporters were also investors in companies that had applied for loans. Westly has held stakes in at least five companies that have won DOE support. Oklahoma billionaire George Kaiser, another Obama bundler, was the biggest private backer of Solyndra. Westly, Spinner and the CEO of Allison Spinner’s law firm, John V. Roos, (now Obama’s ambassador to Japan), each raised more than $500,000 for Obama’s 2008 campaign.
This whole thing smells so fishy that every cat in the country is chasing the story around.
That said, nobody actually believes that people give all that money to politicians because they don’t expect anything in return, do they? It’s just that this time the return is so, well, transparent. And transparent is what Obama pledged to be. He’s sure followed through on that promise.