Outside of higher taxes on everyone, we don’t know a lot about what President Obama’s second term agenda would look like. But we do know this: it would mean a lot more taxpayer investments in green energy companies. Campaigning in Florida earlier this year, Obama told supporters he would “double-down on a clean energy industry that’s never been more promising.” Never mind that almost 50 energy companies Obama has already wasted tax payer dollars on are either faltering or already bankrupt.
So if Obama’s energy investments aren’t producing any new viable green energy companies, then what are they doing? Electing Democrats for one. Emails released yesterday by the House Oversight and Government Reform Committee show that Obama was personally involved in approving two Department of Energy loans that went to Nevada companies in order to help Senate Majority Leader Harry Reid, D-Nev., win his 2010 reelection campaign.
“Reid may be desperate,” DOE Loan Program Office Senior Credit Advisor Jim McCrea wrote in 2010, “WH may want to help. Short term considerations may be more important than longer term considerations and what’s a billion anyhow?” Yes, what is a billion dollars in other people’s money anyhow?
And when Obama energy money isn’t trying to elect Democrats it is enriching liberal corporate insiders. A Washington Examiner analysis of SEC filings from the 15 publicly traded green energy companies that received federal stimulus subsidies shows that the officers and directors of these firms extracted $63.9 million in stock gains after Obama gave these companies more than $700 million in direct taxpayer grants. The stocks of these 15 publicly traded green energy companies have plummeted almost 80 percent since Obama invested in them and many of them are either in bankruptcy or on their way there.
If Obama wins reelection next Tuesday, there is nothing stopping him from using taxpayer dollars to elect Democrats and enrich his liberal allied for another four years.
From The Washington Examiner
Examiner Editorial: Insiders get rich on Obama’s green energy stimulus
Michael Barone: The Romney conference call
Tim Carney: Can Romney bring upscale suburbs back to the GOP?
Phil Klein: Drawing the wrong conclusions in advance
Joel Gehrke: Emails show Obama admin used DOE loan money to help Harry Reid’s 2010 campaign
Polls: Gallup has officially suspended their daily tracking poll because of Hurricane Sandy.
Wisconsin: A new Marquette Law School Poll shows Obama beating Romney 51 percent to 43 percent among likely voters.
Obama: Obama is now running a 30-second ad featuring his endorsement from Colin Powell in the battleground states of Colorado, Florida, Ohio, Iowa, New Hampshire, Nevada, North Carolina and Virginia.
Biden: Campaigning in Florida, Joe Biden told Obama voters, ” I’m not trying to talk you into voting for me, I just wanted to say hi to you. And after it’s all over, when your insurance rates go down, then you’ll vote for me in 2016.” Later in the day, Biden asked a man at a Florida restaurant, “Are you Indian?” “American!” the man responded.
In Other News
The Wall Street Journal, Wall Street Sputters Back to Life: Powered by generators, surrounded by flooding and staffed at partial strength, the Big Board cranked back to life yesterday, opening for the first time since a monster storm swept across the East Coast.
The Wall Street Journal, U.S. on Track to Hit Debt Limit by Year End: The U.S. is still on track to hit its legal borrowing limit by the end of this year, though emergency measures will allow it to keep borrowing into the first quarter of 2013, the Treasury Department said Wednesday.
The Washington Post, U.S. yanks support for Syrian opposition group, warns of extremist takeover of uprising: The Obama administration on Wednesday renounced the proclaimed leaders of the Syrian political opposition and said any group seeking to oust President Bashar al-Assad must reject attempts by extremists to “hijack” a legitimate revolution.
The New York Times, Wary of Future, Professionals Leave China in Record Numbers: In 2010, the last year for which complete statistics are available, 508,000 Chinese left for the 34 developed countries that make up the Organization for Economic Cooperation and Development. That is a 45 percent increase over 2000.
Dan McLaughlin on On Polling Models, Skewed & Unskewed
The Washington Post‘s Marc Thiessen asks, “What was Obama told at the September 10, 2012, NSC meeting on 9/11 threats?”
Karl Rove predicts Romney will carry 279 electoral college votes.
Real Clear Politics Sean Trende asks, “What’s Behind the State-National Poll Divergence?”
Jonathan Chait argues that Obama is the greatest president ever and that “Romney is a delusional one-percenter.”
Talking Points Memo‘s Brian Beutler says GOP agenda “dead” even in Romney wins.
The Washington Post‘s Dylan Matthews notes that while the Senate may not get more Democratic, it will be a lot more liberal.