OPINION: Another fat “green” loan to an Obama connected company
Despite high profile failures such as Solyndra, Fisker and Abound Solar, the Department of Energy has restarted its fuel efficient vehicle and green energy loan program with a $259 million award to Alcoa, reports HotAir.com. Although Alcoa does not appear to need taxpayer-funded subsidies due to its $24 billion in revenue, some observers suggest campaign donations to the Obama campaign by the corporation’s top management may have played a role.
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