Posted on 09/29/2011 3:35:38 PM PDT by Oldeconomybuyer
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, iWatch News and ABC News have learned.
One of them was Steven J. Spinner, a high-tech consultant and investor in energy companies who raised at least $500,000 for Obama. He became one of Energy Secretary Steven Chu’s key loan programs advisors while his wife’s law firm represented a number of the companies that had applied for loans.
Recovery Act records show Allison Spinner’s law firm, Wilson Sonsini Goodrich & Rosati , received $2.4 million in federal funds for legal fees related to the $535 million Energy Department loan guarantee to Solyndra, a solar company whose financial meltdown has prompted multiple investigations. She pledged to take no portion of the money and did not work on the loan applications.
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, has 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.
(Excerpt) Read more at iwatchnews.org ...
I’m not sure when “Bundler” entered the wordsmithing in Washington arena, but isn’t a bundler a smithy way of describing a “Bagman”?
Most of us knew where MUCH of the “stimulus” money would go. Re-election efforts. And where is the system of checks-and-balances that is supposed to protect the American citizen gone? Investigation? Prosecution? Impeachment?
Where has it all gone?
Time to fire-up the relevant House committees. TV loves a show-trial. And there are some people in this administration that are going to be doing some heavy federal time.
Crony Socialism
The Secret Government Bank That's Financing More Solyndras
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