TheGrunt Posted September 29, 2011 Share Posted September 29, 2011 Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve: SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada. The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California. On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives." Isn't this the definition of insanity? The end of the article drives home an interesting fact: "It's increasingly hard to tell the government's green jobs subsidies apart from the Democrats' friends and family rewards program." Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted September 29, 2011 Share Posted September 29, 2011 Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law Isn't this the definition of insanity? The end of the article drives home an interesting fact: "It's increasingly hard to tell the government's green jobs subsidies apart from the Democrats' friends and family rewards program." you are new to the political seen in the united states aren't you? Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted September 29, 2011 Share Posted September 29, 2011 Crooks. They're all crooks. Quote Link to comment Share on other sites More sharing options...
WaterMan Posted September 29, 2011 Share Posted September 29, 2011 What's wrong this President? Quote Link to comment Share on other sites More sharing options...
evil_gop_liars Posted September 29, 2011 Share Posted September 29, 2011 That is some hard hitting agenda driven journalism. Quote Link to comment Share on other sites More sharing options...
WaterMan Posted September 29, 2011 Share Posted September 29, 2011 I gotta ask though: Did Nancy's brother in law create jobs with that money or spend it all on girls and blow? Quote Link to comment Share on other sites More sharing options...
muck Posted September 29, 2011 Share Posted September 29, 2011 ...or spend it all on girls and blow? Arguably, those activities create jobs. Just not usually those with W2s... Quote Link to comment Share on other sites More sharing options...
yo mama Posted September 29, 2011 Share Posted September 29, 2011 (edited) Contrary to the title of this thread, no loan was made to Pelosi's brother in law. The loan was to SolarReserve LLC. Pelosi's BIL merely works for another company that's an investor. If you think that's wrong, so be it. But don't lie about the facts to make them sound more outrageous than they are. Edited September 29, 2011 by yo mama Quote Link to comment Share on other sites More sharing options...
bushwacked Posted September 29, 2011 Share Posted September 29, 2011 That is some hard hitting agenda driven journalism. The Grunt seems to be especially more receptive to that than your average ditto head here. Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 29, 2011 Author Share Posted September 29, 2011 What's wrong this President? Quote Link to comment Share on other sites More sharing options...
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