Obama Allies Cashed In On Access To His Top Advisor

But, Obama’s Investments Failed To Generate Returns For Average Americans...

VALERIE JARRETT’S CLEAN ENERGY SUMMIT’S ATTENDEES STRUCK GOLD, CASHING IN ON $5.3 BILLION IN TAXPAYER FUNDS FROM THE OBAMA ADMINISTRATION

On September 22, 2009, Valerie Jarrett’s Office Of Public Engagement Held A “Energy-Oriented Summit” At The White House. (“White House Visitor Records: UIN U40012,” Data.gov , Accessed 6/4/12)

• Greg Nelson, Then-Associate Director For Energy, Environment And Technology In Valerie Jarrett’s Office, Hosted The Summit. (“White House Visitor Records: UIN U40012,”Data.gov, Accessed 6/4/12; “Greg Nelson,” LinkedIn, Accessed 6/4/12)
• Nelson Is Currently Deputy Director Of The Office of Public Engagement. (“Greg Nelson,” LinkedIn, Accessed 6/4/12)

Collectively, Companies Tied To The Attendees At The Meeting Received Over $5.3 Billion In Stimulus Loans, Grants, Tax Credits And Contracts

• $2.5 BILLION – SANJAY WAGLE: Companies Tied To Sanjay Wagle (1366 Technologies, BrightSource, FloDesign, Genomatica, Serious Materials, Solazyme And Tesla Motors) Received Over $2.5 Billion Worth Of Stimulus Loan Guarantees, Contracts And Awards.(Carol Leonnig and Joe Stephens, “Federal Funds Flow To Clean-Energy Firms With Obama Administration Ties,” The Washington Post, 2/14/12; Recovery.gov, Accessed 6/4/12 )
• “Sanjay Wagle Was A Venture Capitalist And Barack Obama Fundraiser In 2008 … Shortly After Obama’s Election, He Left His California Firm To Join The Energy Department.” “Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008, rallying support through a group he headed known as Clean Tech for Obama. Shortly after Obama’s election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms.” (Carol Leonnig and Joe Stephens, “Federal Funds Flow To Clean-Energy Firms With Obama Administration Ties,” The Washington Post, 2/14/12)
• $1.2 BILLION – GENERAL ELECTRIC: General Electric Received Over $1.2 Billion Worth Of Stimulus Loan Guarantees, Awards, Contracts And Grants.(“Recipient Profile: General Electric,” Recovery.gov, Accessed 6/4/12)
• $535 MILLION – SOLYNDRA: Solyndra Received $535 Million In Stimulus Funding And Loan Guarantees. (“Recipient Profile: Solyndra,”Recovery.gov, Accessed 6/4/12)
• $440 MILLION – HORIZON WIND ENERGY: Horizon Wind Received Over $440 Million InSection 1603 Tax Credits For Their Wheat Field, Lost Lakes, Meadow Lake And Rail Splitter Wind Farms. (Department Of The Treasury, Accessed 6/4/12)
• $372 MILLION – FIRST WIND: First Wind Power And Its Subsidiaries Received Over $372 Million In Stimulus Funding And Tax Credits. (“Recipient Profile: First Wind,” Recovery.gov , Accessed 6/4/12; Department Of The Treasury, Accessed 6/4/12)
• $72 MILLION – GAMESA/MAPA GROUP: MAPA Group’s Client Gamesa Received $72 Million In Section 1603 Tax Credits For Their Barton Chapel Wind Farm. (Department Of The Treasury, Accessed 6/4/12)
• $51 MILLION – VESTAS: Subsidiaries Of Vestas North America Received Over $51 Million In Section 48C Advanced Energy Manufacturing Tax Credit. (Internal Revenue Service, Accessed 6/4/12)
• $18.2 Million – MEMC/SUNEDISON (SOLAICX): In 2010, MEMC Acquired Solaicx, The Recipients Of Over $18 Million In Advanced Manufacturing Tax Credits. (Internal Revenue Service, Accessed 6/4/12)
• $17.9 MILLION – AMERESCO, INC.: Ameresco Received Over $17.9 Million Worth Of Stimulus Awards And Contracts. (“Recipient Profile: Ameresco,” Recovery.gov, Accessed 6/4/12)
• $480,000 – CARDINAL FASTENER & SPECIALTY CO.: Cardinal Fastner Received A $480,000 Section 48C Advanced Energy Manufacturing Tax Credit. (Internal Revenue Service, Accessed 6/4/12)
• $29 MILLION – CATHY ZOI: Serious Materials and Landis+Gyr, Companies Tied To Cathy Zoi Received Over $39 Million Worth Of Stimulus Awards And Loan Guarantees. (Steven Thomma, “Obama Energy Official Has Ties To Firms That Stand To Benefit,” McClatchy Newspapers, 4/26/10) Cathy Zoi Was The Assistant Secretary Of Energy For Energy Efficiency And Renewable Energy, At That Time She Had “A Major Financial Interest” In Two Companies Set To Profit From The Stimulus..” (Steven Thomma, “Obama Energy Official Has Ties To Firms That Stand To Benefit,” McClatchy Newspapers, 4/26/10)