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OBAMA'S CRONY SOCIALISM....
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AGAINST SOCIALISM
May 22, 2012, 8:04:18 PM5/22/12
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More Crony Socialism As Obama’s Bundler Gets Huge DOE Loan
May 22, 2012
By Sara Noble
Is Obama nationalizing the solar industry?
An Obama bundler, Arvia Few, received $1.2 billion in DOE loans for a
solar power plant (NRG).
Guess who owns a stake in another NRG project? You probably guessed it
– Warren Buffet.
This administration is awash with crony socialism. It’s who you know
and how much money you have. Obama, now known to be allowing lobbyists
to run amok through his administration, seems to think that cronyism
is an acceptable way of life. Corporations and D.C. have unsavory and
intimate relationships in this administration.
The rich are getting rich and the poor getting poorer but it’s Obama
doing it. He’s in charge. He’s the 1%er helping out all the other
1%ers.
You might be interested in the definition of crony socialism -
Crony capitalism is a term describing an economy in which success in
business depends on close relationships between business people and
government officials. It may be exhibited by favoritism in the
distribution of legal permits, government grants, special tax
breaks,and so forth. Free-market advocates refer to governmental
favoritism as “crony socialism,” ”venture socialism” or “corporatism,”
a modern form of “mercantilism” to emphasize that the only way to run
a profitable business in such systems is to have help from corrupt
government officials. In this view, high levels of interaction between
corporations and governments are considered socialist, which is taken
to its maximum in the form of nationalization of industries.
Free Beacon:..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.
Arvia Few is a bundler for the Obama re-election campaign who has
promised to raise between $50,000 and $100,000. She began bundling for
Obama in the first quarter of 2012. Her husband, Jason Few, is an
executive at a company that has benefited handsomely from the Obama
administration’s clean energy spending, records show.
The U.S. Department of Energy granted NRG Solar a $1.237-billion loan
in September 2011 to help build NRG’s California Valley Solar Ranch,
which is described as “a 250 MW alternating current PV solar
generating facility” by the U.S. Department of Energy.
Few became senior vice president of Houston-based Reliant Energy in
2008. He was named President of Reliant in May 2009 when NRG Energy
acquired Reliant for $287.5 million. He currently serves as executive
vice president and chief customer officer of NRG Energy.
“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.”
Other financial interests tied to the Obama administration have also
invested in NRG Solar.
Warren Buffett’s MidAmerican Energy holds a stake in another NRG
project that received a $967 million Department of Energy loan
guarantee 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.
Arvia Few is a bundler for the Obama re-election campaign who has
promised to raise between $50,000 and $100,000. She began bundling for
Obama in the first quarter of 2012. Her husband, Jason Few, is an
executive at a company that has benefited handsomely from the Obama
administration’s clean energy spending, records show.
The U.S. Department of Energy granted NRG Solar a $1.237-billion loan
in September 2011 to help build NRG’s California Valley Solar Ranch,
which is described as “a 250 MW alternating current PV solar
generating facility” by the U.S. Department of Energy.
Few became senior vice president of Houston-based Reliant Energy in
2008. He was named President of Reliant in May 2009 when NRG Energy
acquired Reliant for $287.5 million. He currently serves as executive
vice president and chief customer officer of NRG Energy.
“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.”
Other financial interests tied to the Obama administration have also
invested in NRG Solar.
Warren Buffett’s MidAmerican Energy holds a stake in another NRG
project that received a $967 million Department of Energy loan
guarantee.
DOE announced a $967 million loan guarantee to NRG in August 2011 for
its $1.8 billion Agua Caliente Solar Project. Agua Caliente will be
one of the largest photovoltaic plants in the world upon its
completion in 2014.
NRG acquired the Agua Caliente Solar Project from First Solar on
August 5, 2011, as DOE announced the loan.
Buffett’s MidAmerican Energy bought a 49 percent stake in NRG’s Agua
Caliente project in December 2011.
The multiple DOE loans did not stop NRG Energy from reporting a first-
quarter 2012 loss of $206 million.
Even so, NRG has recently expanded its operations.
Since acquiring Reliant in May 2009, NRG Energy has also acquired the
offshore wind development company Bluewater Wind, thermal energy
company Northwind Phoenix, Texas-based South Trent Wind Farm, Green
Mountain Energy Company, Texas-based Cottonwood Generating Station,
and Energy Plus Holdings.
In November 2011, NRG Solar further expanded by acquiring the San
Francisco-based developer Solar Power Partners.
“When you talk to a lot of people on the environmental left, there’s a
deep desire to believe that wind and solar power can help us replace
fossil fuels,” Green said. “It’s a naiveté that permeated the
administration.”
Jason Few was named to TheGrio’s 100 list honoring “history-makers in
the making” in February 2011 despite NRG’s multi-million dollar
losses. Few was “turning a profit by greening Texas,” theGrio wrote.
The article did not mention the Department of Energy loan program and
its relationship with NRG Energy.
Jason Few and NRG Energy did not return calls for comment.
http://www.truthandgrace.com/muslimobama.htm
May 22, 2012
By Sara Noble
Is Obama nationalizing the solar industry?
An Obama bundler, Arvia Few, received $1.2 billion in DOE loans for a
solar power plant (NRG).
Guess who owns a stake in another NRG project? You probably guessed it
– Warren Buffet.
This administration is awash with crony socialism. It’s who you know
and how much money you have. Obama, now known to be allowing lobbyists
to run amok through his administration, seems to think that cronyism
is an acceptable way of life. Corporations and D.C. have unsavory and
intimate relationships in this administration.
The rich are getting rich and the poor getting poorer but it’s Obama
doing it. He’s in charge. He’s the 1%er helping out all the other
1%ers.
You might be interested in the definition of crony socialism -
Crony capitalism is a term describing an economy in which success in
business depends on close relationships between business people and
government officials. It may be exhibited by favoritism in the
distribution of legal permits, government grants, special tax
breaks,and so forth. Free-market advocates refer to governmental
favoritism as “crony socialism,” ”venture socialism” or “corporatism,”
a modern form of “mercantilism” to emphasize that the only way to run
a profitable business in such systems is to have help from corrupt
government officials. In this view, high levels of interaction between
corporations and governments are considered socialist, which is taken
to its maximum in the form of nationalization of industries.
Free Beacon:..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.
Arvia Few is a bundler for the Obama re-election campaign who has
promised to raise between $50,000 and $100,000. She began bundling for
Obama in the first quarter of 2012. Her husband, Jason Few, is an
executive at a company that has benefited handsomely from the Obama
administration’s clean energy spending, records show.
The U.S. Department of Energy granted NRG Solar a $1.237-billion loan
in September 2011 to help build NRG’s California Valley Solar Ranch,
which is described as “a 250 MW alternating current PV solar
generating facility” by the U.S. Department of Energy.
Few became senior vice president of Houston-based Reliant Energy in
2008. He was named President of Reliant in May 2009 when NRG Energy
acquired Reliant for $287.5 million. He currently serves as executive
vice president and chief customer officer of NRG Energy.
“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.”
Other financial interests tied to the Obama administration have also
invested in NRG Solar.
Warren Buffett’s MidAmerican Energy holds a stake in another NRG
project that received a $967 million Department of Energy loan
guarantee 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.
Arvia Few is a bundler for the Obama re-election campaign who has
promised to raise between $50,000 and $100,000. She began bundling for
Obama in the first quarter of 2012. Her husband, Jason Few, is an
executive at a company that has benefited handsomely from the Obama
administration’s clean energy spending, records show.
The U.S. Department of Energy granted NRG Solar a $1.237-billion loan
in September 2011 to help build NRG’s California Valley Solar Ranch,
which is described as “a 250 MW alternating current PV solar
generating facility” by the U.S. Department of Energy.
Few became senior vice president of Houston-based Reliant Energy in
2008. He was named President of Reliant in May 2009 when NRG Energy
acquired Reliant for $287.5 million. He currently serves as executive
vice president and chief customer officer of NRG Energy.
“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.”
Other financial interests tied to the Obama administration have also
invested in NRG Solar.
Warren Buffett’s MidAmerican Energy holds a stake in another NRG
project that received a $967 million Department of Energy loan
guarantee.
DOE announced a $967 million loan guarantee to NRG in August 2011 for
its $1.8 billion Agua Caliente Solar Project. Agua Caliente will be
one of the largest photovoltaic plants in the world upon its
completion in 2014.
NRG acquired the Agua Caliente Solar Project from First Solar on
August 5, 2011, as DOE announced the loan.
Buffett’s MidAmerican Energy bought a 49 percent stake in NRG’s Agua
Caliente project in December 2011.
The multiple DOE loans did not stop NRG Energy from reporting a first-
quarter 2012 loss of $206 million.
Even so, NRG has recently expanded its operations.
Since acquiring Reliant in May 2009, NRG Energy has also acquired the
offshore wind development company Bluewater Wind, thermal energy
company Northwind Phoenix, Texas-based South Trent Wind Farm, Green
Mountain Energy Company, Texas-based Cottonwood Generating Station,
and Energy Plus Holdings.
In November 2011, NRG Solar further expanded by acquiring the San
Francisco-based developer Solar Power Partners.
“When you talk to a lot of people on the environmental left, there’s a
deep desire to believe that wind and solar power can help us replace
fossil fuels,” Green said. “It’s a naiveté that permeated the
administration.”
Jason Few was named to TheGrio’s 100 list honoring “history-makers in
the making” in February 2011 despite NRG’s multi-million dollar
losses. Few was “turning a profit by greening Texas,” theGrio wrote.
The article did not mention the Department of Energy loan program and
its relationship with NRG Energy.
Jason Few and NRG Energy did not return calls for comment.
http://www.truthandgrace.com/muslimobama.htm
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