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Old 09-29-2011, 04:24 PM
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These programs of which you speak sometimes have nothing to do with value. It's can be all about payoffs and windfalls to the politically connected.

A bigger loan of $737 Million was given to a "green" company working on renewable energy known as SolarReserve. It just happens to be a company connected to an investment group named PCG Clean Energy & Technology Fund. PCG's number 2 is none other than Ronald Pelosi, the brother-in-law of Nancy Pelosi, the minority leader of the House of Representatives.

SolarReserves has another investor called Argonaut Private Equity. Steve Mitchell of Solyndra's Board of Directors also serves as managing director of Argonaut. This should enable both to recoup some of their losses.

President Obama is set to make a fundraising speech at the home of Tom Carnahan, who's family is prominent in Missouri Democrat circles, and he has been secured by the Obama campaign as its chief Missouri fundraiser. He is also the former president and now CEO of Wind Capital Group, a wind energy company that makes it corporate headquarters in St. Louis.

Last year, Wind Capital's Lost Creek Farm facility in northwest Missouri received a $107 million tax credit from the Treasury Department.

Tom Carnahan is the son of former Missouri governor Mel Carnahan and former U.S. senator Jean Carnahan. He's also the brother of current Missouri secretary of state, Robin Carnahan.

Is this a green jobs program or a "Democrats' friends and family rewards program".

http://www.weeklystandard.com/blogs/...aw_594593.html