Powerful democrats help Chinese get “stimulus” money
Just in case you thought that the $814B “stimulus” was supposed to help the US economy and “save or create” (fund, lives touched, whatever) US jobs, here’s an article that might leave you scratching your head. While the content of the article is not terribly surprising (you know, sweetheart deals for companies and lobbyists who threw cash at congress and our dear leader), the source and negativity of it certainly are. It’s from MSNBC – a member in good standing of the regime’s Propaganda Ministry.
Top Democratic fundraisers and lobbyists with links to the White House are behind a proposed wind farm in Texas that stands to get $450 million in stimulus money, even though a Chinese company would operate the farm and its turbines would be built in China.The farm’s backers also have close ties with Senate Majority Leader Harry Reid, D-Nev., who, at the height of his hard-fought re-election bid this fall, helped blunt congressional criticism over stimulus dollars possibly going to create jobs in China by endorsing a proposal by the Chinese company to build a factory in his home state. Although his campaign received thousands of dollars in donations from the wind farm’s backers and Reid stood on stage with them at a campaign event they hosted, his office declined to answer any questions about the wind farm’s organizers or their plans for Nevada.
It is being planned by an unusual joint partnership between the U.S. Renewable Energy Group, a Dallas investment firm with strong ties to Washington and the Democratic Party, and A-Power Energy Generation Systems, an upstart Chinese supplier of wind turbines. Filings with the Securities and Exchange Commission indicate the Chinese are bringing financing and the turbines.
What the Americans are supplying is the local know-how and political clout in Washington, where decisions on how to distribute billions in loan guarantees, stimulus grants and financial incentives are made.
So the “stimulus” money for the US part of the deal is going to lobbyists, power brokers, Harry Reid and government apparatchiks. Yeah, that will certainly stimulate the economy.
The investment group’s public face is often Cappy McGarr, a wealthy Texas philanthropist, investor and longtime fixture in Democratic politics, who has given heavily to Democratic candidates across the country and was an early backer of President Barack Obama’s presidential campaign. Joining McGarr in Dallas is Ed Cunningham, a former executive for several large Western entertainment companies in China, a 2002 Democratic senatorial candidate and a former member of Obama’s national finance committee.
Two registered lobbyists with a long history of involvement in Democratic politics, G. John O’Hanlon and Moses Boyd, are the group’s anchors in Washington. O’Hanlon has been a party operative since the 1980s — a protégé of Democratic heavyweight Terry McAuliffe — and has given hundreds of thousands of dollars to Democratic causes. Boyd is a former senior Democratic Capitol Hill staffer turned lobbyist.
McGarr married into Democratic Party royalty — his wife’s uncle is legendary Democratic power broker Robert Strauss — and has made his own name as a big-time donor to the party and candidates across the country. McGarr and his wife, Janie Strauss McGarr, have given more than $375,000 to various Democratic candidates and political action committees since 2006, according to Federal Election Commission records. That doesn’t include the $50,000 he donated to Obama’s inauguration and $50,000 to $100,000 in donations from others that he “bundled” for the Obama campaign.
All told, these four and their spouses have given more than $1.8 million in campaign donations since 1990, with McGarr and his wife accounting for more than half of that.
“That would place them among the top 100 donors of hard money overall,” said Sheila Krumholz, executive director of the Center for Responsive Politics, an independent research group that tracks campaign finance and how it affects elections and public policy.
The important question, however, is not how much they have given, Krumholz said, but “What does this buy them with each individual target of their largesse?”
Indeed. And in this case, the power brokers, U.S. Renewable Energy Group, will pick up a $245M “developer fee” – from “stimulus” money, not the Chinese. They invest little or no money of their own, grease a few palms in Washington, call in a few chits, and voila – $245M. Sweeeeeeet!
Looks like the Chinese have figured out how to do business in America. Find the right people, spread a little wealth, and grab some taxpayer money to fund a “green” business on US soil.