Thursday, November 01, 2012

Surprise! Obama approved bad loans to green energy companies help Harry Reid win 2010 election.

So, apparently, one way to pick only losers is to base the decision on things other than whether the business can actually turn a profit.

Imagine that.

Emails show Obama admin used DOE loan money to help Harry Reid’s 2010 campaign:

President Obama claims that political considerations did not influence the Energy Department’s green energy loan program, but newly-released internal emails show that his administration subsidized Nevada companies in order to help Senate Majority Leader Harry Reid, D-Nev., win his 2010 reelection campaign.

The House Oversight and Government Reform Committee released DOE emails today that compromise Obama’s position on two counts: one, the emails show that Obama himself was involved in approving loans; two, DOE officials were keenly aware of the political interests at stake, as they regarded the loans as a way for the White House to help Reid by giving him a way to brag about bringing federal money into Nevada.

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