Thursday, October 18, 2012

Government takes your cash, gives it to their buddies ... but they do it for the poor

Troubled battery maker won private meeting and phone call with Obama, a trade mission slot and $250 million in stimulus money before it went bankrupt

The Massachusetts firm dished out nearly $1 million to hire a powerhouse lobbying firm with close ties to President Barack Obama between 2007 and 2009, and two of its top executives made personal donations to several high-profile Democrats in Congress as it won federal funding for its efforts to build the next generation of lithium batteries for electric vehicles.

And its president and CEO, David Vieau, an early financial backer of President Barack Obama, scored five invitations to the White House in 2009 and 2010, including a meeting he attended with the president, White House logs show.  And when the company opened a new Michigan plant, Obama made a high-profile call to congratulate.

Senate lobbying records show A123 hired the powerhouse lobbying firm of Skadden Arps, paying it $380,000 in 2007, $480,000 in 2008 and $110,000 in 2009 to help it secure government backing. The firm has connections across the lobbying company, including four lawyers who served as fundraising bundlers for Obama's 2008 election.  Lobbyist Leslie Goldman - the Energy Assistant Secretary for International Affairs under President Jimmy Carter - handled A123's lobbying, disclosure records show. More here:

ROFL.  The government people are ROLLING in dough.  All they care about is using your money to buy votes and get elected. Why?  So they have the power to give your money to their friends, that's why.

And sure, these companies go bankrupt, but the owners and officers don't.  They keep your their money.  Often they sell their stock long before the company itself goes bankrupt ... and they KEEP your tax money for themselves ... you know why?  They deserve it, that's why.

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