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Republicans Map Obama's Alleged “Crony Capitalism”

The Republican National Committee jumped on this morning's Washington Post story detailing ties between venture capitalists benefitting from Department of Energy deals and President Barack Obama. Solyndra and other energy grants draw criticism from Republicans. posted

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Republicans Map Obama's Alleged "Crony...
Zeke Miller

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6 Responses So Far

  • insomniacagnostic thinks Republicans Map Obama's Alleged "... is Fail  about 3 months ago
  • benr11 thinks Republicans Map Obama's Alleged "... is Fail & LOL  about 3 months ago
  • As for increasing the deficit trillions of dollars, most of the budget shortfall is a result of prior tax policy and loss of tax revenue due to the recession. Debt from the wars and Bush tax cuts constitute about 3 times a bigger share of the deficit than the stimulus.

    Ego Scriptor
    3 months ago
  • Yes, you don't make massive macroeconomic policy decisions without affecting the economy and everyone involved with the economy, including major corporations. You don't operate a government that manages hundreds of billions of dollars in government contracts without affecting anyone who holds investments. Again, this has been true of every president ever. It's a trivial observation, and it's a consequence of operating within a market economy. Are Republicans planning on eliminating all government contracts (including defense contracts, contracts with coal/oil companies, etc.)? No. In fact, the GOP couldn't even pass the Congressional insider trading bill without gutting it. And honestly, compared to the billions that Bush gave to contractors to “construct” defective infrastructure in Iraq, Solyndra is nothing. And on that note, investment firms didn't enrich themselves by investing in failed companies. Rather, they “suffered a loss on their investment,” which is what happens when you give money to a company that fails… unless, like Romney's Bain Capital, you manage to secure government bailouts. As for “the media not holding Obama accountable,” please… the U.S. media narrative is driven heavily by “the controversy cycle” of Fox News and right-wing blogs like Drudge Report. They love scandal, scandal attracts viewers and higher ratings, higher ratings attract profit, and as such, they've pounced on every faint whiff of Obama scandal like a pack of wild dogs. Unfortunately for them, Obama has given them virtually nothing to gnaw on, and if there were something to gnaw on, we would be seeing nonstop investigations from the GOP House like we saw in the Clinton administration. Instead, all Issa and his ilk can muster is a bunch of blatantly hypocritical rhetoric like this ad.

    Ego Scriptor
    3 months ago
  • The media doesnt hold Obama accountable for anything, that doesn't make him ethical. F&F, DARPA, Green Energy to name a few… You don't increase the deficit trillions of dollars without some of that money going to friends and supporters.

    dwaynep
    3 months ago
  • dwaynep   Republicans Map Obama's Alleged "... and thinks it’s WTF, Trashy & Fail  about 3 months ago
  • Yeah dwayne, it's really not, especially when those “friends” aren't personal friends at all but just “professionals who offered advice on industries in which they've worked” and the vast majority of the companies in question have contracted with the DOE through several prior administrations. Are you really deluded enough to think Romney wouldn't appoint a single adviser to any board/commission/whatever who has a connection to a government contractor? You really think that? Well, here's some unfortunate news for you: His campaign advisers include government contractors! His national security advisers alone are connected to companies with $7.9b in government contracts in the last year alone. This is one of the weakest political attacks I've ever seen. It only underlines the fact that the Obama admin has had the best ethics record in a generation.

    Ego Scriptor
    3 months ago
  • Yeah, investing $7b taxpayer dollars in
    companies that enrich your friends is
    no big deal. At least most of the
    companies flourished and ushered a new
    era of renewable energy! Wait…

    dwaynep
    3 months ago
  • That's it? A couple of obscure, low-level advisers with vague connections to firms that invested in energy companies? In other words, their complaint is that the President appointed businessmen to advisory positions in their area of expertise like every other President ever? Honestly, I'm voting for the guy, and even I thought they could come up with something more damning. No shady real estate deals? No grant rigging by cabinet secretaries? No invading an oil-rich country to funnel billions in no-bid contracts to the company where the vice president had just served as CEO? This is basically an ad for Obama.

    Ego Scriptor
    3 months ago
  • justino3 thinks Republicans Map Obama's Alleged "... is Win  about 3 months ago

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