Obama is running an algae racket with tax dollars he has to print and/or borrow
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Michelle Malkin is the author of Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies (Regnery 2010).
Pond scum stinks. And so do the Obama administration's enormous, taxpayer-funded "investments" in politically connected biofuel companies.
While the president embarks on a green rehabilitation tour this week to quell growing public outrage about big green boondoggles, the White House continues to cultivate a cozy algae racket.
Obama's promotion of algae as a fuel source at a campaign speech in Miami last month caught the nation's attention. But algae companies have been banking on administration support from Day One. In December 2008, when the White House announced the nomination of Energy Secretary Steven Chu, the CEO of Florida-based biofuels startup Algenol, Paul Woods, exulted to Time magazine: "You see this smile on my face? It's not going away. Everyone is really excited by this."
The next year, Woods and Algenol -- dubbed "Obama's favorite algae company" by Forbes magazine -- racked up $25 million in federal stimulus grants from Chu. Say cheese.
Yet another algae-based biofuels developer, Sapphire Energy, has absorbed $105 million in stimulus funds and loan guarantees even as doubts about the practicality, efficiency and viability of pond-scum fuels multiply. Sapphire's CEO, Jason Pyle, has donated exclusively to Democratic campaigns, candidates and committees -- and his company's website reads like a satellite White House communications office:
Another prominent DOE recipient in the world of blue-green sludge? San Francisco-based Solazyme. The manufacturer of algae-based renewable fuels has scooped up more than $21 million in federal stimulus grants and contracts. Solazyme's ties to the White House and the Democratic establishment in Washington are myriad. As blogger J.E. Dyer at HotAir.com (which I founded in 2006 and sold in 2010) reported in December, Solazyme's "strategic advisers" include TJ Glauthier -- a member of the Obama presidential transition team who just happened to work "on the energy-sector portion of the 2009 stimulus bill."
Obama and his ilk have a psychotic-level hatred of fossil fuel in all forms: coal, oil, and gas.
If you would like to pay $10 a gallon for gasoline by 2016, vote for little Barry, the boondoggler, and his vast crew of stumblebums.
You'll get your wish!
That is, if the country holds together that long.
Dear President Obama, Click for Powerful Video From We the People ..
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|Jesus said: What you have said in the dark will be heard in the daylight, and what you have whispered in the ear in the inner rooms will be proclaimed from the roofs. Luke 12:3|
|If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land. 2 Chronicles 7:14 (NIV)|
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