Obama Department of Energy grants loans based on careful technology review and campaign contributions, but mostly campaign contributions

Watchdog group Cause of Action offers the following illustration that perfectly depicts the corruption laced throughout the Obama administration:

Cause of Action was able to determine, through publicly available data combined with a FOIA production, that for corporations who have received a loan guarantee of any amount, the likelihood that it made campaign contributions increases significantly. Of the data available, 95% (.95) of DOE loan recipients with less than $1 billion in annual revenue documented political contributions by the organization or senior level staff. Comparatively, only 31% (.319489) of similarly sized organizations that did not receive loans made political contributions in one way or another...

...The program itself, while touting its ability to create jobs, has proven riddled with pitfalls and failures and may in fact be taking away jobs from other areas of industry—ones that may prove more valuable to the citizens who fund DOE LGPs with their tax dollars.

As if to highlight this abuse of the public trust, Obama's failed electric car company Fisker is essentially closing its doors, having burned a fifth of a billion dollars. $200 million of your money.

Once again, the American public lost when the Obama administration attempted to pick “winners and losers” in the free market. Today the electric car company Fisker Automotive, which received nearly $200 million in taxpayer money, is laying off three-fourths of its U.S. workers.

The Anaheim, CA-based start up has failed at pretty much every level – especially when it comes to the company’s ultra expensive luxury electric hybrid, the Karma (what a name!), which is assembled in Finland and received a green-energy loan to transition the assembly to the U.S., something that never happened.

This losing tax-subsidized venture joins other past losers like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a “brick” when the battery completely discharges and then costs $40,000 to repair.

This is really just the latest manifestation of the administration’s crony capitalism as their green energy buddies benefit from this atrocious waste of taxpayer money. Americans really need to get outraged by these wasteful ventures. As we’ve seen time and time again, We the People are always stuck subsidizing the left’s “losers.”

So what’s the solution and where do Americans go with our outrage? Stand up against the crony capitalism and elect only those who understand and will let America’s marketplace dictate economic successes, instead of letting politicians (some who have never run any business nor even worked in the private sector) choose free enterprises’ winners and losers. Take a stand, friends. Nothing will change unless you do.

- Sarah Palin

When the complete history of the Obama administration is written, it will make Nixon's years in office look squeaky clean by comparison. I kid you not.


Hat tip: Seth.