It’s always the same liberal playbook. News media just discovered bankrupt green energy companies funded by taxpayers, or as they prefer, government, have been awarding huge executive bonuses prior to locking the front doors. They are reporting old news for facetime favor. The next breaking element is, surprise, the executives pass through donations to the Obama campaign like unwanted presents at a birthday or Christmas.
ABC: “Take, for instance, Beacon Power Corp., the second recipient of an Energy Department loan guarantee in 2009. In March 2010, the Massachusetts energy storage company paid cash bonuses of $259,285 to three executives in part due to progress made on the $43 million energy loan, Securities and Exchange Commission records show. Last October, Beacon Power filed for Chapter 11 bankruptcy.
EnerDel, maker of lithium-ion battery systems, landed a $118.5 million energy grant in August 2009. About one-and-a-half years later, Vice President Joe Biden toured a company plant in Indiana and heralded its taxpayer-supported expansion as one of the ’100 Recovery Act Projects That Are Changing America’.” It lists 5 pages of companies.
Reading through the entire story we located nothing which referenced the unions, the dues paid to leaders, and ensuing kickbacks to the Obama campaign.
We have explored the unfair balance in taxation on oil companies yet there is no mention of those funds contributing to the support of green energy whose bonuses ultimately fund the Obama campaign.