No, REALLY?

Lawsuit against Obama DOE alleges cronyism and theft of intellectual property.

"A lawsuit recently filed in the United States Court of Claims may shed further light on the corruption of the Obama administration’s “green energy” programs. The lawsuit was filed on behalf of XP Vehicles, Inc. and Limnia, Inc., companies that competed for Department of Energy loans under a Congressionally-authorized program. The owners of XP eventually realized that there was no real competition, and that the whole Department of Energy program was a scam intended to funnel money to Obama and Democratic Party campaign contributors and political allies. They allege in addition that DOE misappropriated proprietary technology that they submitted in connection with their loan applications, and gave that technology to Obama administration cronies."

H/t Insty

More on the Obummer Administration's Cronyism

"Their supposed signature achievement is General Motors, whose government takeover — never envisioned by George W. Bush, who nonetheless created the hijacking opportunity — Obama believes could become a kind of model for general application (“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry”). 

Really? GM received at least $50 billion in government aid and thus far has saddled taxpayers with a $25 billion loss. Thanks to a special break approved by the Obama Treasury Department, it is escaping and will continue to escape paying tens of billions in income taxes on its post-bankruptcy income by carrying forward its pre-bankruptcy losses, something other firms emerging from insolvency cannot do. At least $70 billion in these and other subsidies, tax benefits, and assorted favors — an amount which is probably greater than the cronyism losses seen during any other single presidential term before the turn of the century – has been expended in the name of protecting roughly 70,000 jobs (that’s $1 million per job) and keeping the United Auto Workers Union alive. Despite all of Uncle Sam’s help, GM has seen its U.S. market share shrink to 18%. According to some experts, it is mismanaging its way to a still distant but distinctly possible return to bankruptcy."

And the Administration wonders why we don't trust the government.  It's when you craft sweetheart deals that cost us the taxpayers money, both in the original loan and the loss of future tax revenue.  and yet you ask us to pay more in taxes for our "Fair Share"

H/t Insty

Cronies and roaches scurrying from the light

and both are found in one place.

"What happened when ABC trained their cameras on Spinner?  He scurried out of the spotlight:

The Obama campaign rolled out the red carpet this week for a former top Energy Department official who was at the center of the ill-fated government loan to Solyndra, a California solar panel firm that wound up in bankruptcy.
Steven J. Spinner joined other top fundraisers for a VIP tour of the Democratic National Convention floor in Charlotte Monday evening, posing and waving for a photographer while standing behind the podium. When he saw ABC News cameras, however, he ran for the exit."

You really need to click the above and go RTWT

h/t Insty

Well isn't that special.....

"A new report from the conservative Government Accountability Institute (GAI) finds that President Barack Obama’s and Attorney General Eric Holder’s failure to criminally charge any top Wall Street bankers is likely a result of cronyism inside the Department of Justice and political donations made to Obama’s campaign."

But if you or I don't pay our taxes, we get prosecuted to the max. Unlike certain political staffers and appointees.