Top Obama Bundler Given Half a Billion in Stimulus Cash For His Green Energy Ventures
Posted by Jim Hoft on Friday, April 1, 2011, 11:46 PM
Is this the hope or the change?
(Politico)
A top Obama bundler Steve Westly was given half a billion dollars in stimulus cash to fund his green energy ventures. Westly raised over $500,000 for Obama during the election. Not a bad investment.
Mercury News reported:
Steve Westly’s career has long straddled the worlds of progressive politics and alternative energy.
Now Westly’s roles bankrolling green-energy-firms such as Tesla Motors (TSLA) and alternative energy-friendly politicians such as President Obama have drawn questions about whether the former eBay (EBAY) executive and Democratic state controller’s investments unduly benefitted from his political connections.
An investigative report this week by the nonprofit Center for Public Integrity in Washington, D.C., and ABC News suggested that after Westly raised $500,000 for Obama’s presidential bid, cleantech firms backed by his Menlo Park venture capital firm clinched more than a half-billion dollars in federal aid.
Both Westly and the White House denied any impropriety…
…The news report noted that since Westly raised the money for Obama four companies in portfolio of the The Westly Group, his venture capital firm, received $510 million in loans, grants and stimulus money from the U.S. Department of Energy. And, the report added, Secretary of Energy Steven Chu, on the White House’s recommendation, appointed Westly in August to the 12-member Secretary of Energy’s Advisory Board.
The report offered no evidence that Westly had steered federal money to green-tech companies backed by his venture capital firm. And it pointed out that the White House and Energy Department insist that federal aid was awarded based on applicants’ merit and not connections to campaign contributors.
The left can pretend there is nothing scandalous about this revelation. However, we all know that green energy companies cannot survive without government donations. Westly knew this, too.
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Published May 15, 2012 at 8:05 pm - 33 Comments
8 My Foot commented:
2012 can’t come soon enough.
Joe's Garage commented:
Someone call John Boehner and tell him it looks like we found where we can make another half a billion in cuts!
StrangernFiction commented:
A $787 billion stimulus/giveaway and they can’t cut $100 billion. Mind-boggling.
MrGoodWench commented:
Both Westly and the White House denied any impropriety…
+++++++
Sure…thats how it works, you give to Obama, you get from Obama 100 times over . He’s not going to give you someting for nothing .
Westley gave to Obama because it was good for Obama.
Obama gave to Westley because it was good Westley.
Its between the 2 of them……now shutup and pay your taxes
Its not like Halliburton
Harrison commented:
Who says it’s not easy being “green”?
MrGoodWench commented:
White House and Energy Department insist that federal aid was awarded based on applicants’ merit and not connections to campaign contributors.
+++++++++++++
Release the list of all the applicants.
Release the list of companies that lost and the reasons why .
Release the list of ALL their individual and corporate contributions to Obama.
We can decide
MrGoodWench commented:
However, we all know that green energy companies cannot survive without government donations. Westly knew this, too.
++++++++
Just like Solyndra
and the 2nd chakra-blob
Floyd Looney commented:
Patronage.
Other Peoples Money.
It’s all the rage.
Charlie commented:
I’m completely shocked that ABC didn’t bury the story.
Andreas K. commented:
And this worked so well in Spain. Yep, totally. It worked so well that, when the Spanish government realized that they have to stop spending like that, all those green energy company started to go under. Because without government support, those couldn’t fly, because nobody wanted to buy their stuff.
Muffin commented:
This is an outrage deserving jail time.
ProLifer commented:
“Off with their heads!”
gus commented:
There is no such thing as GREEN ENERGY. These mother fӣ$ing freaks are searching for the FOUNTAIN of YOUTH or PERPETUAL ENERGY machine with YOUR MONEY.
If ANY advances in energy production and sources exist, they would not nor WILL NOT require O’fuktarkds approval nor OUR MONEY to discover. CAPITALISM FINDS THESE THINGS on it’s own.
Robert De Witt commented:
WHAT?!?!?
ABC is reporting news?
My God, pigs are flying. I think I need to lie down.
OC Rick commented:
Ya’ll do know the Chicoms are spending about 300 Billion on Clean Energy?
I suggest we get in the game or get left behind.
or… is that the NeoCon plan for America?
We CAN’T do it…
Tom Smith commented:
Whats a NeoCon? I know what a bribe, payback, and kickback is.
LimoLibsStink commented:
0bama:
Ah crap! I’ve been busted again!
I clearly told Axelrod to cover the money trail. He did not! I want Axelrod and Barney Frank in my limousine immediately! Also get that greasy Eric Holder over here!
I want to make an example of both of them. Barney is going hump their rumps until they bleed. That’s what happens when one of my scams blows up. Also, call in the spin team from the NYT. This story has got to be squashed.
Rev up the Limousine. I don’t want the screaming in the back to be heard. I just want to see blood sore butts. Nobody screws with my reputation. Good day.
southernsue commented:
i am not shocked any longer, about the corruption of this administration. what i am shocked at is he is getting away with it. where are our check and balances against a corrupt white house? why hasn’t someone stopped this maniac and his ilk?
Sally commented:
Nor can they survive w/o the destruction of:
our offshore and any domestic oil industry
coal exploration
nuclear energy
Khan Krum commented:
Red, as one of the three primary colors, does not have a direct opposite counterpart. However, if you combine the other two non-red primary colors, blue and yellow, you get green, which does stand directly opposite to red.
http://www.kidzone.ws/science/colorwheel.htm
Satan is the Prince of Lies.
#1AMERICAN commented:
shut the government down….start axing all gov’t employees…hurry uo 2012
squeaky commented:
[China's expectation of growing future dependence on oil imports has brought it to acquire interests in exploration and production in places like Kazakhstan, Russia, Venezuela, Sudan, West Africa, Iran, Saudi Arabia and Canada. But despite its efforts to diversify its sources, China has become increasingly dependent on Middle East oil. Today, 58% of China's oil imports come from the region. By 2015, the share of Middle East oil will stand on 70%. Though historically China has had...] they might be leading the way in green energy but they’re also locking up that pesky prehistoric oil. they also have a lock on something called rare earth elements that are needed for hybrid batteries, etc that fall into the greenie domain.
http://www.iags.org/china.htm
a former democrat commented:
wow, just wow. 500K for 500 million.
I never would have found out such information without sites like GP. Thanks for informing us.
squeaky commented:
[Energy Efficiency and Reneweable Energy (EERE) Cathy Zoi may have had some serious influence in helping her husband’s window company get a tax credit not available to their competitors. What Stossel missed was that this is standard operating procedure for Mrs. Zoi and she has been more candid in the recent past....] so many things down the memory hole.
with human nature being what it is and if i were a betting personna my money would be on
people just moving on and inconvient truth type things being swept under the rug. so does insane hussain’s hope and change emporium and betting parlour. andhttp://ameristroika.wordpress.com/2010/03/29/the-300-million-woman-does-cathy-zoi/
squeaky commented:
http://ameristroika.wordpress.com/2010/03/29/the-300-million-woman-does-cathy-zoi/
Fuquay Steve commented:
Well slap my ass and call me charlie! In the words of gomer Pyle : “surrrrprise, surrrpise,surrprise”
navy commented:
why cain’t these so called green energy jobs crap make it on their own?
Mark1957 commented:
It is time for open rebellion in this country, our government is out of control. Every day we hear about some backroom deal like this one or billions of dollars for early retirement for the unions, or $600,000 statues of a toad with a fairy on it’s back for the new DOD building. Enough is enough, our so called leaders can’t agree on ways to cut spending while they piss away our grandchildren’s future.
http://www.usnews.com/news/blogs/washington-whispers/2011/03/31/pentagon-art-600000-gurgling-toad-sculpture
Big L commented:
The acorns falleth not far from the tree. Obama’s mother and Geithner’s father worked together.
His name was Peter Geithner. They wre working on an Indonesia so-called Micro-loan program. It was set up thru the UN to supposedly help women in poor areas like Indonesia. The money came from the Ford Foundation.
However the Inspector General’s office in its job of looking over some of these programs, was not thrilled with the results, shall we say.
In many ways these green scamsters have found their Little ol’ indonesian Ladies. Using the the cute little green (like Kermit-the-frog)tech to fund this and that. And after the check clears, here comes the moving van.
Check out that Solyndra Solar panel Operation…it was in Calif and then moved to N.C. Supposedto hire 1000. Ran thru 500 Million dollars. It is gone…and it happened to be another bundler for Obama.
I think the start should be 1/2 a Trillion Dollars in cuts.That is just the start. Entire Cabinet offices.
We never needed all this “protection and investigation” before. We are not peasants.Get lost,Fed Govt.
Roll it all back to Calvin Coolidge’s administration level.
RedBeard commented:
Nothing to see here. Move along. Return to your homes. Oceania has always been at war with Eastasia
Ginger commented:
Calling on Issac…… Audit the FED and all those so called companys as this one.
Militant Conservative commented:
#15 April 2, 2011 at 2:17 am
OC Rick commented:
prove it. Give us a Chineese.GOV source to verify this. Last I saw China was drilling for oil, making coal power plants ,and making hydroelectric dams. Prove me wrong, put up or go home.
powder is dry
Mark1957 commented:
I finished my taxes this week and paid the federal government just over $7000 this year. Some people pay more, many pay none, but when I hear stories like this one i get angry. I could have used that $7000 to feed my family, or put it away for my grandkid’s future. Instead it got redistributed to god knows where. I will be at a Tax Day Tea Party this year, I can’t take much more of this crap.
Ginger commented:
Does any one worry about all the chemtrails in the sky every day? They are NOT contrails! They are every where above my skys today.
truth teller commented:
Using solar energy and wind is ridiculous…the only clean energy source that could ever replace fossil fuels is nuclear fusion.
FGT commented:
Looks like little Tommy Carnahan should have donated more to obama.
RedBeard commented:
OC Rick’s big government spending “argument” is right on script, and right out of the leftie playbook. This is a carefully crafted phony scheme to convince ignorant middle-of-the-road voters to go ahead with more massive federal spending and unsustainable debt. The class idiot, Joe Biden, actually stated that we need to spend our way out of debt.
Florida’s new governor, Rick Scott, put the final nail in the coffin of the government boondoggle of “high speed rail to nowhere.” Voters already buried it once, but lefties ignored the will of the people, dug it up and continued pushing for federal tax dollars to waste on it. The lefties, led by such disingenuous clods as Joe Biden and Sen. Bill Nelson, immediately trotted out the same exact programmed and scripted crapola, warning of dire consequences if the Chinese boogeymen get ahead of us in high speed rail technology.
Whenever I hear this same phony warning applied to yet another massive federal tax-and-spend boondoggle, I hear General Buck Turgidson screaming, “We must not allow a mine shaft gap!”
Chippy commented:
Now we know what “green off-shoots” means. Green money thrown at green bs.
nelle commented:
OK, if the Chinese are so dependent on Middle Eastern oil, and we’re so obviously unwelcome there, why don’t we get out of there and let them handle things?
Guest commented:
OC rick: The Chicoms are spending 300 billion on clean energy, yet are the worlds biggest polluters? Sounds like you don’t understand the definition of “investment”?
Khan Krum commented:
Green = Red
Big L commented:
RE Florida Rapid Transit. We had a wonderful Talk-show host on the radio. He hadto retire due to illness. Anyay he was from So Florida, and the metro system was set up there. He said thatfor the few riders of the system that it would have been cheaper to buy each one an S-Class Mercedes Benz than to run a mostly empty system
Valerie commented:
“#15 April 2, 2011 at 2:17 am
OC Rick commented:
Ya’ll do know the Chicoms are spending about 300 Billion on Clean Energy?”
You mean their nuclear network?
Harry Schell commented:
Great return on investment…$500K turns into $510M. “…punish our enemies and reward our friends…” You’d think this place is Mexico…
Jack commented:
thanks for this…I’ve suggested several times on this site that someone show all the bundlers over $500K and show the appointments and emoluments that they have all received…..appointments to various commissions, ambassador appointments, jobs in the WH. I realize that this is the way politics is always done, but the list is quite interesting in terms of the Chicago, corporation and lawyer ties….
aprilnovember811 commented:
I want to cry. They’ve robbed us and our children blind. His skin color means this much? His skin color means a country with 300 million people should be robbed?
Dear God,
Please reach out of the heavens and make them pay for this. Please sucker punch them. This is what this so called “stimulus” was. it was blatant theft. Bank robbers go to jail. That is what they are. Bank robbers in suits and ties. He shut down drilling for his friends. I don’t believe the Gulf disaster was an accident. it was a purposeful act. The FBI and others can’t be trusted any longer.
THEY ARE ALL SATAN!
aprilnovember811 commented:
The Federal Government is a CRIME SYNDICATE! CUT THE EPA BOEHNER OR GET THE HELL OUT OF THE WAY.
I’M READY TO VOTE FOR DONALD TRUMP. HE MIGHT BE ONE OF THE FEW THAT WILL GET TO THE BOTTOM OF WHAT HAS BEEN GOING ON. I DON’T TRUST ANY CAREER POLITICIAN.
materialist commented:
Re Chinese commitment to “green energy”: These folks are not stupid. They know perfectly well that Obama and his buddies will buy whatever crap they can develop and make under the “green” label. For their own needs, they are building coal-fired plants and buying oil-in-the-ground from anyone who has it.
Just watch while they trade “green” products for oil leases in US fields.
Jackie commented:
I’m really surprised the Mercury/News printed this story. They usually will bury it way in the back.
Radegunda commented:
#49, you nailed it. Democrats don’t mind seeing the country suffer as long as they can pat themselves on the back for electing a somewhat black (but not TOO black, like Clarence Thomas) man to the presidency.
John commented:
First of all, We all need to vote Obama out of office in 2012 if we want a chance at taking our country back. Second, don’t kid yourselves into thinking that our tax dollars aren’t given out for deals like this or WORSE on the other side of the aisle… Politicians need term limits and pensions to match. They also need to vote for what’s right rather than voting for whatever their party tells them to. It’s like watching two fraternity houses battle it out for head of the greek councel! When the fathers of this great country created the democracy we built off of, the idea of being an elected official was a privilage to be of service to your country. After that you went back to your job and family. Career politicians are the real cancer that destroys our country.