AUGUST 23, 2012
The banking executive who led the “independent” probe that absolved the Obama Administration for blowing billions of taxpayer dollars on failed green-energy ventures has donated big bucks to the president’s reelection campaign.
This certainly raises doubts about the integrity of the investigation, which centered on nearly $3 billion in loans that the Obama Department of Energy (DOE) doled out for experimental alternative energy projects. Among them was a fly-by-night California company (Solyndra)—bankrolled by Obama fundraiser George Kaiser—that swallowed more than half a billion dollars before going bankrupt.
Earlier this year a federal audit confirmed that “serious concerns” expressed by U.S. Treasury officials involving the risky $535 million Solyndra infusion were ignored as the deal was fast-tracked by top White House officials. Judicial Watch has sued the DOE to obtain records regarding the Solyndra loan because the administration has blown off a public records request that dates back to early September, 2011.
Incredibly, the in-depth investigation that we now know was conducted by Obama’s donor found no wrongdoing on the part of the administration. The donor/watchdog scandal was uncovered this week by a mainstream media outlet, which in and of itself is incredible considering the love fest that exists between the MSM and the commander-in-chief. Puff pieces dominate coverage of the administration—in major newspapers as well as television networks—so this is a rare treat.
It turns out that the veteran Wall Street executive (Herbert Allison) handpicked by the administration to investigate its disastrous green energy loan losses contributed $52,000 to re-elect Obama in the months after he completed the in-depth probe. It’s all documented in federal campaign records reviewed by the national wire service that broke the story. The cash started pouring in just two weeks after Allison testified before Congress about his report, which exonerated the administration and was heavily touted by the White House.
It started with a $2,500 donation to the Obama campaign in late March, the story reveals. In May he plopped down another $15,000 for the Obama Victory Fund, a joint group that supports the president’s reelection and the Democratic National Committee. In the following two months, Allison generously deposited another $40,000 into the coffers of the Obama/DNC account. In the news story he defends the integrity of his probe and assures he did not make the decision to back a presidential candidate until after his work was finished.
Sign Up for Updates!