Would it really surprise you to find out that where there are government green energy subsidies, there's also rampant cronyism?
The most recent suspected case of green energy cronyism is Solyndra, the solar panel company which declared bankruptcy after receiving a half-billion dollar subsidy from the U.S. taxpayers. The company is coincidentally largely owned by Obama fundraiser George Kaiser, who coincidentally has visited the White House a reported 16 times since 2009.
The Washington Examiner's Tim Carney outlines a number of other examples of crooked government deals with green energy firms -- all from within the Obama administration:
- Al Gore acolyte Cathy Zoi was Obama's assistant secretary for energy efficiency and renewable energy while her husband was an executive at a company that received direct subsidies from the Obama administration and profited from the Cash-for-Caulkers bill Zoi's division implemented. Zoi has since left DOE to run a clean-tech hedge fund owned in large part by Democratic mega-donor George Soros.
- A group of Democratic operatives have formed an investment company called U.S. Renewable Energy Group, or US-REG, which seems to exist for the sake of buying green-tech companies, and then helping them get subsidies. In at least one case, US-REG appeared to be a U.S. beard for a Chinese company seeking U.S. dollars to make wind turbines in China.