Showing a pattern of millions of dollars in loan guarantees going to campaign supporters Beacon Power received $43 million in the same DOE loan for campaign cash program that backed Solyndra which also filed bankruptcy.

By Michael Whipple, Editor usACTIONnews.com 11-1-2011

Showing a pattern of millions of dollars in loan guarantees going to campaign supporters Beacon Power received $43 million in the same DOE loan for campaign cash program that backed Solyndra which also filed bankruptcy.

FoxNews.com reported that “The Massachusetts-based company also received $29 million in grants from the Energy Department and the state of Pennsylvania through separate programs for a plant in Hazle Township, Pa.”

Coming only two months after the half billion dollar Solyndra loan scandal with another Obama campaign contributor involved many are questioning the whole DOE loan process and real purpose. In the Solyndra deal Obama campaign bundler George Kaiser’s investment was also illegally protected by subordinating the taxpayers’ loan position to Kaiser’s.

Senator Jeff Sessions said these bankruptcies highlight Obama’s “reckless abuse of taxpayers’ dollars in pursuit of green jobs.” Actually we believe this is not really about green jobs at all. This is about campaign cash. This is how the Obama campaign expects to raise a billion dollars for the 2012 campaign. As Sen. Sessions noted “As with Solyndra, the head of Beacon Power appears to have been a supporter of President Obama’s,”.

This is theft. These people should go to jail. Oh for the days when political payoffs only cost a few million!

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