Friday, October 25, 2013

Creative ways the Democratic Party raises money for campaigns.

A few years ago it was revealed that several so-called "green energy" companies (see list below) that had received millions of dollars from the Obama administration, had also been big contributors to the Democratic Party before the companies went bankrupt. None of the taxpayer's money was ever recovered. This appears to be a very neat way for the Democrats to enrich their coffers with our money. Hand out loans, bailouts and huge contracts only to those companies that reciprocate with large political contributions. Now we read today about a Canadian company, CGI Group Inc. parent company of CGI Federal who was paid an estimated 800-million dollars to create the ObamaCare web site and the question comes up again. Did any corporate officers make contributions to Barack Hussein Obama, the Democratic National Committee or any other Democratic Party candidates?
UPDATE: 10-26-2013
Patrick Howley, writing today on the Daily Caller, says:
"George Schindler, the president for U.S. and Canada of the Canadian-based CGI Group, CGI Federal’s parent company, became an Obama 2012 campaign donor after his company gained the Obamacare website contract."
So now the information is beginning to leak out. Will there be more?
UPDATE #2: 10-26-2013
Rusty Weiss, writing on FreedomWorks, has another report about CGI Federal, which appears to be the Obama administration's favorite go-to company when big money is involved. CGI Federal was handed a non-competitive contract to dispense $1.7 Billion dollars to the victims of Hurricane Sandy out of a total of $60 Billion dollars allotted by the U.S. Department of Housing and Urban Development (HUD). Of course, most of the money never got delivered.  Wonder where it went?

"In the previous agenda topic, item four, CGI Federal is named "without competitive procedures" as the company that will implement the Disaster Housing Assistance Program."

"The company was also awarded the contract without competitive procedures. The company was granted these contracts in overseeing Sandy relief aid based on their ability "to rapidly deploy the program." "

As  Allison Coyle wrote on the Daily Caller on the same subject:
"CGI Federal Inc., the mastermind behind, is assisting the U.S. Department of Housing and Urban Development (HUD) in the distribution of $1.7 billion in relief for Hurricane Sandy."

"In a memo obtained by FreedomWorks titled, “Minutes of the 295th meeting of the members of the Housing Trust Fund Corporation held on May 9, 2013, at 8:30 a.m.,” CGI Federal is tasked with implementing the Disaster Housing Assistance Program. Additionally, they are asked to aid in the implementation of the Community Development Block Grant Disaster Recovery Program, an assistance program that had recently obtained $1.7 billion."

The Associated Press revealed Tuesday that a mere $700 million of the $60 billion federal aid package – 1.2 percent of the total funds – has been given to victims of super storm Sandy.

Nearly a year after the devastating storm, a majority of the 24,000 families that have requested monetary assistance have yet to receive a penny from the federal aid package.
Obama's Administration invested taxpayer money in:
· Solyndra - Bankrupt
· Ener 1- Bankrupt
· Beacon Power - Bankrupt
· Abound Solar - Bankrupt
· Amonix Solar - Bankrupt
· Spectra Watt - Bankrupt
· Eastern Energy – Bankrupt

All of these bankrupt companies were also Obama Campaign contributors. Stupidity and corruption.

Here is a list of companies that the Obama administration has given money to:

1). Raser Technologies in 2010. Raser had only ten employees, yet they received $33 million to build a power plant. According to the Wall Street Journal the company FILED FOR BANKRUPTCY HEARING this year.

2). ECOtality in 2009 was given 126.2 million for installing 14,000 car charging stations in 5 states. The company has since incurred more than $45 million in losses, and the company is under investigation for insider trading.

4). First Solar was given $3 billion dollars for power plants in Arizona and California, and Business Week reported their stocks fell to a record low after reporting $401 million restructuring costs, and fired 30 percent of its workforce.

5). Abound Solar was given $ 400 million to build photo-voltaic panel factories. Forbes reported in February the company halted production and laid off 180 employees. In June of 2012, Abound went BANKRUPT.

6). Beacon Power was given $43 million even though Standard and Poor's had given the company a dismal outlook. Last fall the company received a de-listing from NASDAQ and has FILED FOR BANKRUPTCY!

7). SUNPOWER was given $1.2 billion and as of January owed more than it was worth.

8). BRIGHT SOURCE was given $1.6 billion and then posted a string of net losses totaling $177 million.

9). SOLYNDRA, a solar panel manufacture, was given $535 million and since then has gone BANKRUPT.

HERE IS WHAT IS MOST INTERESTING IN THIS ARTICLE BY THE LINCOLN JOURNAL STAR: "Of all these grants and loans 71 percent of the money went to "individuals who were bundlers", members of Obama's NATION FINANCE COMMITTEE, or large donors to the democratic Party".

TONOPAH SOLAR got $737 million ( larger amount than Solyndra got)
TONOPAH SOLAR is run by Nancy Pelosi's brother-in-law. This is what I meant when I said the tyrants were looting our Treasury. This bunch of Democrats in Washington have proven themselves to be the most corrupt gang of thieves  in American history.

No comments:

Post a Comment

No foreign language comments allowed. English only. If you cannot access the comments window send me an email at