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Posted at 12:01 PM ET, 07/24/2012

Solyndra cash in Obama’s pocket

I have no idea why the Obama team isn’t more circumspect in its donor events. The Republican National Committee is going to town, sending out reports of an Obama fundraiser . . . with Solyndra execs present. No, seriously. ABC News reports:

At an exclusive re-election fundraiser tonight, President Obama hobnobbed with 60 of his wealthiest supporters, including two figures at the center of the Solyndra loan controversy.
Steve Westly, a Silicon Valley venture capitalist, was one of the first to raise red flags about the administration’s support for a $500 million loan to Solyndra, the solar energy start-up that later went bankrupt. He wrote directly to senior Obama adviser Valerie Jarrett in 2010 to raise concerns about the company’s viability ahead of the president’s high-profile visit that year.
Matt Rogers, a former senior adviser at the Department of Energy, played a key role in approving Solyndra’s loan as part of the stimulus plan.

So you, the taxpayer, have feathered the nests of Westly and Rogers, who got rich in a business the taxpayers built and were stiffed on when the company went bankrupt. But the prime recipients have enough left over to turn around and give $35,800 a head to put Obama back in office, where I’m sure he would give away more taxpayer money to promote more “green” companies with your money. If there is a worse example of crony capitalism I haven’t found it.

It’s also interesting that Obama accuses private entrepreneurs who didn’t get seed money from political connections of being ungrateful recipients of a beneficent government. I think his experience might be limited to those crony capitalists who really are incapable of creating viable business without vast help from the taxpayers (and harassment of their energy competitors by the Environmental Protection Agency and other anti-coal, anti-oil bureaucracies). Maybe if Obama’s idea of “job growth” didn’t consist of giving wads of cash to his donors for them to fritter away, he’d have greater appreciation for the political unconnected business owner who doesn’t owe his success to government and sure doesn’t have $35,800 to send back to his patron in the White House.

By  |  12:01 PM ET, 07/24/2012

 
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