Abound Solar is a "green energy" company that, like Solyndra (backed by Obama bundler, Tulsa billionaire George Kaiser), received millions in tax payers' money, then promptly went bankrupt. Unlike Solyndra, Abound Solar is is now under criminal investigation for misleading investors. That's private investors, not tax payers. But that's old news. Onto the current story.
Recent remarks by President Obama to a Denver-based TV anchor stand in stark contrast to new emails obtained by CompleteColorado.com.
This past Friday, President Obama told KUSA's Kyle Clark, in response to a question on the federally-backed but failed Colorado company Abound Solar, "And these are decisions, by the way, that are made by the Department of Energy (DOE), they have nothing to do with politics."
Of course they have nothing to do with politics. Specifically, they have nothing to do with the fact that...
Abound Solar... counts major Obama bundler Pat Stryker among its early backers
But never mind that. Let's go to the emails. Here's the key sentence.
What? I thought that "these... decisions... are made by the Department of Energy", not the White House! Say it ain't so!You better let him know the WH wants to move Abound forward.
Next time a politician rails against those eeeeeevil venture capitalists, then touts the need for government to "invest" some corporation or industry, keep three things in mind.
- Venture capitalists use their own money, or investors' money, to invest in companies they believe will turn a profit. Either way, the investors provide the money voluntarily.
- Governments that "invest" in companies force tax payers to give their money to those companies, whether the tax payers think it's a good investment or not.
- Politicians always make decisions based on political considerations.
- Politicians don't pick winners and losers. They pick losers. Because the winners don't need government to force people to give them money.
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