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Real News From The Blaze': Campaign Fundraising and Crony Capitalism


ABC News reports that several key players in the Solyndra scandal appeared at a $35,800-a-head fundraiser in Northern California Monday night where President Obama rubbed elbows with 60 of his wealthiest supporters. According to ABC, Matt Rogers; a former senior adviser at the Department of Energy that played a key role in approving Solyndra’s loan as part of the stimulus plan, was at the event along with Steve Westly, a Silicon Valley venture capitalist and top Democratic supporter who was one of the first to raise red flags about the administration's support for the company. Westly was reportedly seen "juggling lemons, entertaining kids at the party."

Republicans have jumped on the news of the president hobnobbing with individuals associated with the failed $500 million investment in the now bankrupt solar panel company.

“The Obama Administration betrayed American taxpayers when it dumped hundreds of millions of public dollars into Solyndra while ignoring clear warnings about the company’s dire financial situation,” Romney campaign spokesman Ryan Williams reiterated in a statement.

“President Obama’s first term worked out well for his donors who got special access and taxpayer money for their failed ventures,” Williams said. “It hasn’t worked as well for the 23 million Americans struggling for work in the worst economic recovery our country has ever had.”

This isn't the first time that the president has been connected through fundraising to individuals that link back to Republican claims of "crony capitalism."

Former New Jersey Governor and embattled MF Global head Jon Corzine was found towards the top of the list of the Obama campaign's largest bundlers a few months after his brokerage firm filed for bankruptcy and was accused of taking clients' funds before collapsing. While mention of Corzine, who President Obama once hailed an "honorable man;" may make Democrats cringe, Mitt Romney is only willing to report bundlers who are lobbyists.

On "Real News" Tuesday the panel discussed allegations of "crony capitalism" and whether candidates should be held accountable for those who fundraise for them?


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