Tag Archives: taxpayer dollars

Obama: At It Again

Have you ever heard of Joe McGavin? Have you ever heard of the “Illinois Hardest Hit” program? Well, they are connected, and guess how. That’s correct – President Barack Hussein “kill list” Obama.

Joe McGavin is a former official of Association of Community Organizations for Reform Now (ACORN). Now he is the director of “Illinois Hardest Hit” program, which is part of a $7.6 billion Treasury Department program, established in 2010, to help unemployed or substantially underemployed people make their mortgage payments. The Illinois program just received $445,603,557 from Treasury. So that means that a former ACORN official is now going to oversee almost half a billion dollars of taxpayer money Can anyone say “corruption?”

That is the same ACORN that was supposedly shut down after a series of exposés about its illegal activities, including fraudulent voter registration drives and involvement in the housing market meltdown. ACORN received taxpayer dollars to promote its various leftwing causes. Congress, in 2009, passed a law banning federal funding for ACORN. But did that stop Obama or his administration? As John Belushi said on SNL, Noooooooooooooooooooooooooo! Housing and Urban Development (HUD), in 2011, awarded Affordable Housing Centers of America (AHCOA), a division of ACORN, $79,819.

Further, federal investigators had previously exposed fraud by the same ACORN/AHCOA association. HUD’s inspector general found that the group “inappropriately” spent more than $3.2 million in grants that were supposed to be used to eliminate lead poisoning in its housing program in Florida.

And that is the same ACORN for whom Obama was a community organizer in the 1990s.

But that’s just my opinion.

Please visit RWNO, my personal web site.

Green Energy Company CEOs Gets Raises, Where Is Obama Outrage?

When President Barack Hussein Obama ran for president in 2008, he promised to create a minimum of five million new green related jobs. When elected, Obama pursued his green energy dream by having the Department of Energy (DOE) subsidize and/or provide loans and loan guarantees to green energy companies. Those subsidies and loans have totaled billions of taxpayer dollars. Yet the green energy companies, despite DOE assistance, continue to go bankrupt and/or cut back.

Facing financial challenges, we would expect the green energy companies to be reducing in every way possible, but that is not necessarily the case. It seems that some of the green energy companies are paying top executives higher salaries plus giving them bonuses.

ECOtality is one of those struggling green companies that took $141 million from the DOE. Even though they reported a 2011 loss of $22.5 million, they gave the CEO a 50% raise in pay.

First Solar has received around $1.5 billion in DOE stimulus backed loans. First Solar just announced a fourth-quarter loss of $413.1 million, that it closed plants in Germany and Malaysia, and is laying off 2,000 employees. Yet First Solar’s CEO, Mike Ahearn, earned $32 million in salary and bonuses.

A123 Systems, a battery manufacturer that supplied (among others) Fisker Automotive, announced that it will replace all the defective batteries it shipped at a cost of $55 million. A123 Systems got a $249 million grant from DOE. The top four A123 executives all received an average of a 20% increase in their base salary and several of them have seen additional increases in 2012.

Obama’s silence on the salary increases and bonuses of these green energy companies speaks loudly. He feigned outrage when he learned of AIG’s top executive bonuses, saying, “How do they justify this outrage to the taxpayers who are keeping the company afloat?” But when it comes to the green energy industry, we never hear any criticism from Obama. Can anyone say “double standard?”

Is it fair to say that these are examples of our tax dollars at work?

But that’s just my opinion.

Cross-posted at RWNO, my personal web site.