Bryan Preston
Tatler
PJ Media
11/16/2011
While in Hawaii this week, President Obama said this amid his confusion over thinking that he was actually in Asia. Asia, middle of the Pacific, whatever:
When I meet with world leaders, what’s striking, whether it’s in Europe or here in Asia, uh….the kind of fundamental reforms and changes, uh…both on the revenue side and, the….public pension side, that other countries are having to make are so much more significant than what we need to do in order to get our books in order. This doesn’t require radical changes to America or its way of life. It just means that we spread out…the sacrifice across every…uh…across every sector. So that it’s fair. So that people don’t feel as if, once again, people who are well connected, people who have lobbyists…special interests…get off easy and the burden is placed on middle class families that are already struggling.
Would you describe Robert F. Kennedy Jr. as “connected.” I would, and not just because of his family’s connection to Hugo Chavez. He’s a Kennedy, scion of the family the media describes as “American royalty” even though they’re minus one against the Bush family for producing the most presidents. RFK Jr. is as connected as they come.
Obama’s administration handed Kennedy’s company, BrightSource, $1.4 billion in loans. That’s almost three times the amount loaned to Solyndra…
Read the rest at PJ Media.
Update: Another Obama Scandal in the Making
Peter Schweizer disclosed this “green” boondoggle in his new book, Throw Them All Out. Big Government has the story.
It has to do with a “green energy” company called BrightSource Energy Inc., which develops solar energy products (or intends to someday, anyway). In 2010, BrightSource was in deep trouble. It was $1.8 billion in debt and was losing money hand over fist–a $71.6 million loss on a mere $13.5 million in revenue. A company destined to go down the drain, one would think. But no! The Obama administration bailed out BrightSource to the tune of a cool $1.4 billion in loan guarantees.
How could that possibly have happened? Well, start with the fact that the principal investor in BrightSource is VantagePoint Partners. Robert F. Kennedy, Jr. is a Venture Partner in VantagePoint. But BrightSource had an even more valuable contact than that:
Sanjay Wagle…was one of the principals in Kennedy’s firm who raised money for Barack Obama’s 2008 presidential campaign. When Obama won the White House, Wagle was installed at the Department of Energy (DOE), advising on energy grants...
Read the whole thing…
