An example of cronyism in government
Via Veronique de Rugy comes video of a May 16th hearing where Rep. Jim Jordan (R-OH) questions John Woolard of BrightSource Energy about a $1.6 billion loan his company received from the government.
Jordan directly asked Woolard whether the loan was based on the merits of the project his company was working on or some sort of political influence with the Obama Administration. Woolard, of course, says that it was the merit of the project. But in his questioning, Jordan shows an e-mail from Woolard to a Department of Energy official where he notes that there was indeed a direct conversation with President Barack Obama himself about the project.
There is more. Here is video:
The hearing was part of a push by House Republicans to look into the actions of the Obama Administration over green energy loans, many of which have went to politically connected companies, like Solyndra, which would later go bankrupt. Rep. Darrell Issa explained in a recent interview that there has to be some accountability in these loan programs, after all, this is taxpayer money that the Obama Administration has been handing out: