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Siemens, an Obama ally, dragged down by green investments

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Don’t go chasing subsidies, I always say. It’s not a good business model. Siemens, the German corporation that’s very close to Barack Obama, seems to be the latest case in point. How close were Obama and Siemens? Obama subsidized a Siemens plant in North Carolina in the run-up to the 2012 convention. Siemens hired David McIntosh from Obama’s EPA to be the company’s VP for Federal Lobbying, and...

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