You might have heard about some of the wonderful contracts, grants and loans to struggling unemployed people. Fox News reported:
Billionaire Democrat donors who received a lot of money from the Obama administration include: Solyndra owner George Kaiser; Tesla Motors owners Leon Musk, Larry Page and Sergey Brin; NRG Energy owners Warren Buffett, Steven Cohen, and Carl Icahn; Abound Solar Manufacturing’s Pat Stryker; and Siga Technologies’ Ronald Perelman. Among other wealthy Democrat winners were former Vice President Al Gore whose investment in Fisker Automotive was rewarded with a $529 million loan guarantee. All together about 75 percent of loans and grants have been given out to companies run by Obama supporters.
The graft, corruption and crony capitalism from this program has probably yet to be completely revealed. Health and Human Services Secretary – Kathleen Sebelius – testified in front of a congressional subcommittee that some grant recipients were illegally using stimulus grant money to lobby local governments in favor of Michelle Obama’s anti-obesity campaign. This illegal activity occurred with the Secretary’s full knowledge. Obama has vowed to prevent this sort of illegal activity in the future (Sounds like his promise to reform NSA spying which he was going to do even if Snowden hadn’t spilled the beans). If you still believe this guy, I have some sky hooks for sale.
As one digs deeper into the Recovery.gov website, we find that the largest category of spending under “contracts, grants and loans” is education, where $92 billion was spent. Transportation contracts, grants and loans (crumbling roads and bridges) only accounted for$38 billion (only $25 Billion of that for highways). Bottom line: $25 billion out of an $800 billion program spent on “crumbling bridges and roads.”
Obama is attempting to pull the wool over our eyes again. He’s a slick salesman. Don’t fall for it again.
Image: Halberstadt, Ernst, 1910-1987, Photographer (NARA record: 8464447); record creator: Environmental Protection Agency; National Archives and Records Administration, College Park; source: U.S. National Archives and Records Administration; public domain
