Wednesday, September 22, 2021
HomePatriot DispatchesThe Golden Calf Or How Crony Capitalism Feeds At The Obama Trough

The Golden Calf Or How Crony Capitalism Feeds At The Obama Trough

The leftists who infest OccupyDC thought they were being funny yesterday with their Golden Calf delivery to Speaker John Boehner however, they showed their ignorance, because their Dear Leader Barack Obama is the guy doling out dollars to billionaire bundlers that would otherwise feed or house the poor. The biggest crony billionaire of all is George Kaiser, who hasn’t paid an income tax in over 10 years These People Rarely Pay An Income Tax, So To Raise Taxes Is To Force Small Businesses To Pay, Not Billionaires

Kaiser has built his fortune in part through shrewdly playing the Internal Revenue Code. In one six year period, during which he increased his net worth enough to land him on the Forbes list of the 400 wealthiest Americans, Kaiser reported taxable income to the Internal Revenue Service just once, totaling $11,699–equivalent to a full-time hourly wage of $5.62.

Solyndra’s bankruptcy has led to multiple investigations by the Federal Bureau of Investigation, Treasury’s Inspector General and a House subcommittee. Kaiser’s role as a fundraiser for Obama’s 2008 campaign–the Tulsa World reported that, in March 2007, the oilman hosted an event at his home for the candidate, where Obama raised about $250,000–has led to speculation that the administration intervened on behalf of the ill-fated Solyndra’s loan application to benefit a campaign supporter.

The 535M given directly to this crony for his “green” company could have fed and housed all the hungry and homeless for at least a year. So lets move on to another crony socialist (these people are not capitalists) T. Boone Pickens, another billionaire extraordinaire, who is so highly leveraged into this “green” energy that he is begging Speaker Boehner to pass legislation to not only save his investment but to make Nancy Pelosi even wealthier then she already is The Left Ignores The Truth, The Millionaires And Billionaires Are The People Who Pass Legislation And Reward Friends And Family

While she makes grand gestures toward banning congressional insider trading, San Fran Nan’s financial conflicts of interest are once again on display. This week, Reuters columnist Dan Indiviglio pointed to pending House legislation titled the “New Alternative Transportation to Give Americans Solutions Act of 2011,” which is stuffed with natural gas vehicle subsidies: $9 billion worth, to be precise.

These very subsidies are championed by Texas billionaire and failed wind farm evangelist T. Boone Pickens. He just happens to be a major stockholder in the company that would benefit from the bill: Clean Energy Fuels.

Question the timing? Indeed. As The Washington Examiner’s Tim Carney observes: “While Pickens, a longtime oil and gas man, has been lobbying for natural gas subsidies for decades, his cause has become particularly urgent this month. Pickens owns options to buy 15 million shares of Clean Energy Fuels at $10 per share, according to SEC filings. Those options expire Dec. 28. If Congress could pass the NATGAS Act this month, shares of Clean Energy would skyrocket.”

Pelosi just happens to be a stockholder in — you guessed it — Clean Energy Fuels. The then-Speaker bought between $50,000 and $100,000 of stock in Pickens’ CLNE Corp. in May 2007 on the day of the initial public offering. As I reported in a column three years ago, Pelosi’s 2007 financial disclosure form listed “assets and ‘unearned income’ of between $100,001-$250,000 from Clean Energy Fuels Corp. — Public Common Stock.” If the natural gas giveaway passes, Pelosi profits.

The Occupy Movement have disgraced any message they had hoped to convey because they ignore the problem, Washington, DC and crony “capitalism”. The TEA Party Movement has it right and we will continue to fight those who are working against We The People, hell we fire our own in primaries to end this practice of favoritism with our tax dollars. When history speaks on this time in America, it will be the TEA Party that will be shown to have changed the arc of history and the Occupods will be shown to be a bought and paid for offshoot of the Democrat Party.

Hey Occupy, have you no shame? Of course you don’t, you are bought and owned by Democrats, you don’t care about the poor, you don’t care about the homeless, you care about the power. We The People, the 42% who identify as conservative will fix what is broken and you shall be the joke when all is said and done!

JadedByPolitics
Whoever has his enemy at his mercy & does not destroy him is his own enemy

2 COMMENTS

Leave a Reply

2 COMMENTS

  1. Crony capitalism used to go under another name, Jaded. It is what separates fascists from communists. Why go to the bother of owning the means of production when you can own the owners of the means of production.

  1. Crony capitalism used to go under another name, Jaded. It is what separates fascists from communists. Why go to the bother of owning the means of production when you can own the owners of the means of production.

Must Read