How does Barack Obama’s administration get away with it?
How does it systematically redistribute billions in taxpayer money to sham companies, take political contributions from those companies, watch the government subsidies squandered, and pay no political price with voters?
The secret to their success is being involved in corruption that is audacious and beyond the imaginations of most Americans, who simply cannot believe anyone would or could attempt to get away with such schemes.
Here’s what I’m talking about:
- On Oct. 27, 2009, Vice President Joe Biden announced with great fanfare that Fisker Automotive would produce plug-in hybrid electric vehicles at a former General Motors plant in Wilmington, Del. Here’s what he said: “While some wanted to write off America’s auto industry, we said no. We knew that we needed to do something different – in Delaware and all across the nation. We understood a new chapter had to be written, a new chapter in which we strengthen American manufacturing by investing in innovation. Thanks to a real commitment by this administration, loans from the Department of Energy, the creativity of U.S. companies and the tenacity of great state partners like Delaware – we’re on our way to helping America’s auto industry reclaim its top position in the global market.” Since then, U.S. taxpayers have provided $529 million in federal loan guarantees. No vehicles were produced, but the staff was laid off last month. The company is going back to the Department of Energy for more federal help.
- On Jan. 26, 2011, Biden worked his magic again. He visited the Ener1 plant in Greenfield, Ind., championing the company’s plans to manufacture batteries for electric cars. Here’s what he said: “Well, ladies and gentlemen, here at Ener1, we’re going to harness electricity and bring it to the world like Edison did more than a century ago. We’re going to reshape the way Americans drive, the way Americans consume, the way Americans power their lives. And, in turn, we’re going to reshape America itself. We may not make battery power so cheap that only the rich can afford to drive their cars on imported oil, but – but – with Enron1 (sic) leading the way, we’re certainly going to come pretty close.” U.S. taxpayers were put on the hook for $118.5 million. No batteries were produced. In January, Ener1 filed for Chapter 11 bankruptcy protection.
- On March 11, March 2009, Biden visited St. Cloud, Minn., and the New Flyer bus company with the promise of more “stimulus” giveaways – designed to create jobs and clean energy. Here’s what he said: “The goal is basic. Getting the vast majority of people feeling enough confidence to say to their children, ‘Work hard, play by the rules, love your country and look out for others, and there’s nothing you can’t do. I’m absolutely positive we can restore that.” The company did manage to produce some buses, but buyers for them were hard to find. Last year hundreds of jobs were cut as was production of the magic buses.
Do I need to go on? Can I take a shortcut here and list the following similar stimulus, “green energy” scandals?
- Beacon Power
- Evergreen Solar
- Mountain Plaza
- Stirling Energy Systems
Some of the companies are still around. Some have actually produced something. But at least a dozen “green energy” stimulus projects have suffered layoffs, plant shutdowns or bankruptcies over the past two years.
Who pays? Taxpayers.
Who loses? Taxpayers and workers
Who benefits? The politically connected pseudo-entrepreneurs and Obama and other Democrats who benefited from the kickbacks to their campaigns.
Why aren’t Republican presidential candidates talking about this monumental scandal every day?
Why aren’t they making commercials of those appearances by Biden?
Why aren’t they running against what amounts to a criminal conspiracy?