Saturday, September 08, 2012

"How Much Did Obozo Cost YOU?"

A fairly serious commenter asked 'how much did Obozo cost you', while trying to evade reality.

Here's a start:

It would take an entire book to analyze every single grant and government-backed loan doled out since Barack Obama became president. But an examination of grants and guaranteed loans offered by just one stimulus program run by the Department of Energy, for alternative-energy projects, is stunning. The so-called 1705 Loan Guarantee Program and the 1603 Grant Program channeled billions of dollars to all sorts of energy companies. The grants were earmarked for alternative-fuel and green-power projects, so it would not be a surprise to learn that those industries were led by liberals. Furthermore, these were highly competitive grant and loan programs—not usually a hallmark of cronyism. Often fewer than 10 percent of applicants were deemed worthy.
Nevertheless, a large proportion of the winners were companies with Obama-campaign connections. Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers ... a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.

Maybe--just maybe--one or two of those "investments" of tax money will pay off.  We already know that several have not; that they became "Oooooopsies".

Am I able to calculate exactly what those "Oooooopsies" cost me, personally?


But that's the red herring of the (D)/Obozo apologists.  They cannot allow discussion of the real issue:  Gummint crony-capitalism, corruption, and fraud.  

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