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Solyndra Investor, Obama Bundler George Kaiser in 2009: It’s Time to Cash in on the Mother of All Government Handouts

Morgen on September 20, 2011 at 6:22 am

Billionaire Obama fundraiser George Kaiser visited the White House 16 times over the past 3 years, and is caught in the middle of the Solyndra scandal as the company’s chief investor and prime beneficiary of the debt restructuring approved by the Obama Administration earlier this year. This has lead to the obvious question of whether Kaiser leveraged his political connections to obtain federal stimulus funding, and preferential treatment, but surely there might be a less nefarious explanation for Kaiser’s White House visits, right? Nah…

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Now, obviously in this presentation he was talking about his Family Foundation‘s efforts to obtain stimulus funding primarily for community-based initiatives, but he clearly wasn’t shy about leveraging his White House connections in order to do so, and remember that his investment in Solyndra was also made through his Foundation.

Frankly I can think of no better condemnation of the corruption and utter futility of the Obama stimulus then the fact that here you have one of the wealthiest philanthropists in America, a man with nearly $10 billion in personal assets, openly stating his intention to grab as much stimulus money as he possibly could, like every other pig at the trough. Is this the proper role of government, to take hard-earned dollars from tax payers (and their children and grandchildren) to fund the vanity projects of multi-billionaires, well-intentioned or not, who just so happen to have the right political connections? The $500 million to Solyndra is only the tip of the iceberg, I’d bet. How many other stimulus deals were greased by Kaiser and others like him?

I’m not the first to notice, but Obama is a bit of a fraud. Not exactly sure how he reconciles his tax the rich rhetoric with his Administration’s track record of deals like this. If you really believe the rich aren’t paying their fair share you might start by not forking over taxpayer dollars to your billionaire donors.

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