Which party do you think receives the most money from the wall street types? If you answered the Democrat party, you are correct.
Shocking isn’t it?
With the rhetoric that the Liar in chief spouts about wall street, you would think he is their arch enemy. This couldn’t be further from the truth.
If this is not logical, keep reading and I will explain the reasons why for you.
Sure, Obama is a tax tax tax man which is absolutely bad policy for companies in general. There is no denying that whatsoever.
The trick here is that Obama has the ability to direct monies and policies towards his friendly wall street buddies, since he is the president.
For this reason, normal logical thinking citizens were outraged at the half a billion dollar loan that was given to the now defunct green energy company Solyndra. This was just the tip of the iceberg folks.
In an obvious effort to pay back his big donor’s the Obama white house approved several of these types of loans to his wall street buddies.
Why on earth would the government give someone a guaranteed loan in such a historically high amount when the technology isn’t even there yet to warrant that this will even be successful?
The reason is simple, it’s nothing more than quid pro quo. You donate money to me and I will take care of you, leaving the citizens of the country to foot the bill in the form of additional debt that has to eventually be paid back, with interest.
House Republicans investigating the collapse of Solyndra are now examining other green energy companies to determine if their government-backed loans were risky gambles that were granted because of political influence with the White House.
“When taxpayers lost over a half-billion dollars on Solyndra, the Obama administration said that it was just one bad apple and that the rest of the portfolio was strong,” said Rep. Jim Jordan (R-Ohio), chairman of the House Oversight and Government Reform subcommittee on regulatory affairs, stimulus oversight and government spending.
“It is becoming increasingly clear that Solyndra was just the tip of the iceberg in a sea of taxpayer risk,” Jordan said during a hearing last week.
The panel questioned top executives from Abound, First Solar, Nevada Geothermal, and BrightSource, which were awarded a combined $5 billion in loan guarantees from the Energy Department — one-third of the entire loan guarantee portfolio.
Any vote for this man in the upcoming election tells me one of a few things…you are either a bumbling idiot or you don’t care enough about your country to make a logical decision.