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Feds Give Nancy Pelosi’s Brother-in-Law $737 Million “Green Jobs” Loan

hvactec

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Solyndra was hardly the only corrupt “green jobs” loan to come out of the Obama Administration.

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 its website, SolarReserve lists PCG Clean Energy & Technology Fund (East) LLC. as one of its investment partners. The number two guy at PCG? Ronald Pelosi — a political insider in San Francisco and brother-in-law to Nancy Pelosi, House Minority Leader and former speaker.

But wait, there’s more! Because Barack Obama is about to hold a fundraiser at the home of Tom Carnahan, brother of Missouri Secretary of State (and fellow Democrat) Robin Carnahan. You’ll never guess who coincidentally got a major tax credit from the Obama Administration:

Carnahan, a member of the prominent Missouri Democratic family, has been tapped by the Obama campaign as its chief Missouri fundraiser. He is chairman of the board of Wind Capital Group, a wind energy company that makes it corporate headquarters in St. Louis. He formerly was president and CEO of the company.

Last year, Wind Capital’s Lost Creek Farm facility in northwest Missouri received a $107 million tax credit from the Treasury Department, among many such wind operations receiving support from from stimulus funds.

What a coincidence! All of these Democrats and their family members getting major, taxpayer-backed loans from the Obama Administration.

read more Feds Give Nancy Pelosi’s Brother-in-Law $737 Million “Green Jobs” Loan | The American Pundit
 

CrusaderFrank

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Obama runs the biggest money laundering operation on the planet
 

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