Tuesday, October 23, 2012

Obama Administration One of the Most Corrupt in American History

The United States has been riddled with corrupt administrations.  And as far as I’m concerned, the Obama administration ranks up there with the worst offenders.  I don’t believe FDR’s alphabet soup agencies – notorious for their votes for patronage – can out slime the scum that seeps from today’s White House.  I believe you’d have to go all the way back to the Grant administration to find one comparable to the degrees of cronyism and outright disregard for the law.
The Heritage Foundation published the following list of green energy companies that went bankrupt, or are on the verge of bankruptcy.  By the way, many, if not all of them, had agents that were campaign bundlers for the Obama campaign.

  The complete list of faltering or bankrupt green-energy companies:
  1. Evergreen Solar ($25 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($43 million)*
  5. Nevada Geothermal ($98.5 million)
  6. SunPower ($1.2 billion)
  7. First Solar ($1.46 billion)
  8. Babcock and Brown ($178 million)
  9. EnerDel’s subsidiary Ener1 ($118.5 million)*
  10. Amonix ($5.9 million)
  11. Fisker Automotive ($529 million)
  12. Abound Solar ($400 million)*
  13. A123 Systems ($279 million)*
  14. Willard and Kelsey Solar Group ($700,981)*
  15. Johnson Controls ($299 million)
  16. Schneider Electric ($86 million)
  17. Brightsource ($1.6 billion)
  18. ECOtality ($126.2 million)
  19. Raser Technologies ($33 million)*
  20. Energy Conversion Devices ($13.3 million)*
  21. Mountain Plaza, Inc. ($2 million)*
  22. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  23. Range Fuels ($80 million)*
  24. Thompson River Power ($6.5 million)*
  25. Stirling Energy Systems ($7 million)*
  26. Azure Dynamics ($5.4 million)*
  27. GreenVolts ($500,000)
  28. Vestas ($50 million)
  29. LG Chem’s subsidiary Compact Power ($151 million)
  30. Nordic Windpower ($16 million)*
  31. Navistar ($39 million)
  32. Satcon ($3 million)*
  33. Konarka Technologies Inc. ($20 million)*
  34. Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy
Samuel J. Tilden, an 1876 presidential nominee, called out the Grant administration.  The following is an excerpt from one of his speeches:

What the country now needs is a revival of Jeffersonian democracy, with the principles of government and rules of administration, and…the high standards of official morality which were established by the political revolution of 1800….The demoralizations of war – a spirit of gambling adventure, engendered by false systems of public finance; a grasping centralization, absorbing all functions from the local authorities; and assuming to control the industries of individuals by largesses to favored classes from the public Treasury of money wrung the body of the people by taxation – were then, as now, characteristic of the period.  The party that swayed the Government, though embracing many elevated characters, was dominated as an organization by the ideas of its master spirit, Alexander Hamilton.  Himself personally pure, he nevertheless believed that our people must be governed, if not by force, at least by appeals to the selfish interests of classes, in all forms of corrupt influence….As a means to the reaction of 1800, Jefferson organized the Democratic Party.  He set up anew the broken foundations of governmental power.  He stayed the advancing centralization.  He restored the rights of the States and of the localities.  He repressed the meddling of Government in the concerns of private business….He refused to appoint relatives to office.  He declined all presents.  He refrained while in the public service from all enterprises to increase his private fortune….The reformatory work of Mr. Jefferson in 1800 must now be repeated.

 Mr. Tilden’s plea resounds to this day. 

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