◼ As it would turn out, Mrs. Arvia Few, an Obama bundler who is trying to raise $100k for the Obama campaign is married to Mr. Jason Few, Executive Vice President of NRG Solar that received $1.2 BILLION in loan guarantees from the DOE in September of last year. - The Right Scoop
This loan was for a solar ranch in California that would create only 15 permanent jobs after it was constructed (supposed construction jobs – 350).
But the web thickens even more as we find out that Warren Buffet has major investments (a 49% stake) in a separate NRG Solar project called Agua Caliente that received almost another BILLION in DOE loan guarantees to build a solar power plant in Yuma, AZ. This loan was granted in August of last year and is only supposed to create 10 permanent jobs after the plant is constructed (supposed construction jobs – 400).
And the best part? NRG Solar reported a first quarter loss of $206 million. And because the loans are guaranteed, they don’t have to pay back a dime of taxpayer money.
Talk about crony capitalism.
◼ New disclosures show that one of President Obama’s bundlers is the wife of an executive at an energy company that received a more-than-$1.2 billion Department of Energy (DOE) loan guarantee for a solar power plant. - Patrick Howley/Washington Free Beacon
“This investment and its outcome represent a pattern in which the Obama Department of Energy took promises of technological development with an undue amount of credence,” says energy expert Kenneth P. Green, a resident scholar at the American Enterprise Institute.
“On any given day, there are hucksters who say they can power the world. Unfortunately, there was also an administration that wanted to believe their claims,” Green said. “One has to assume that the administration was more likely to believe the people it knew.”
