A frequent visitor to the White House and larger contributor to the Obama campaign got his kickback this week. The CEO of TracPhone Fredrick J Pollak, along with several others, was just issued a contract to provide taxpayer paid phones to internet to job seekers. If the program meets expectations it may bring in $100 [...]
Tag: "crony capitalism"
General Motors Corporation recently laid claim to being the world’s largest automaker, as headlined in The Detroit News last month. “General Motors Co. says it sold more than 9 million cars and trucks worldwide last year — a 7.6 percent increase that allowed the company to reclaim the title of world’s largest automaker.” After GM posted it’s [...]
Clearly not satisfied with their sky high approval ratings, members of Congress seem to be doing everything they can to convince that final 12% of Americans who support them to reconsider. Last week, Peter Schweizer revealed in his new book that a lot of them have been using their offices to engage in insider trading. [...]
The Solyndra Scandal The Solyndra Scandal just won’t go away, much to President Obama’s chagrin. And new revelations are coming out almost daily. DOE’s Purpose From the Department of Energy (DOE) itself we get its loan programs purpose: “The Department of Energy’s Loan Programs enable DOE to work with private companies and lenders to mitigate [...]