Sunday, March 03, 2013

"Green energy" and crony capitalism

Cause of Action, a nonpartisan nonprofit group, investigated Obama's 'green energy' loan program found a 95% correlation with political contributions:
Cause of Action was able to determine, through publicly available data combined with a FOIA production[1], that for corporations[2] who have received a loan guarantee of any amount, the likelihood that it made campaign contributions increases significantly. Of the data available, 95% (.95) of DOE loan recipients with less than $1 billion in annual revenue documented political contributions by the organization or senior level staff. Comparatively, only 31% (.319489) of similarly sized organizations that did not receive loans made political contributions in one way or another.
Hat tip: Steven Hayward

PREVIOUSLY on "green energy" as a scam:
Mafia profits off of "green energy" scams
Environmentalists at war with environmentalists over green energy
Surprise: EU's carbon trading riddled with fraud
Obama declared that God has "commanded" us to fund green energy.

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