Backing Obama is good business/ bad if you dont

[TxRanger]

http://www.thedailybeast.com/newsweek/2011/11/13/how-obama-s-alternative-energy-programs-became-green-graft.html

 

After he was sworn in as president, he proclaimed that taxpayer money would assuredly not be doled out to political friends. “Decisions about how Recovery Act dollars are spent will be based on the merits,”

 

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.

 

Now that companies are established and heavily invested in by Obama, It came time to begin the war on coal. I assume everyone is familiar with the statement he made saying "So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that's being emitted."

 

 

 

[Golfboy]

I don't know if I agree. It seems like every company Obama endorses/backs, ends up going belly-up within a year.

 

[TxRanger]

I don't know if I agree. It seems like every company Obama endorses/backs, ends up going belly-up within a year.

 

I wasn't implying he was good at it.

 

i'll be looking for more examples.

 

 

Edit: by business I meant "getting money"