In his weekly message from the White House, President Obama echoed his call from Tuesday’s State of the Union Address decrying Congressional insider trading and demanded that Congress pass a law banning the practice.
Clearly, Obama’s team have read Breitbart editor Peter Schweizer’s blockbuster book “Throw Them All Out” as revealed by his reference of “campaign bundlers” and their practice of segueing from election-time bag-men to K Street lobbyists as smoothly as an FM disc jockey transitioning from an ABBA song to REO Speedwagon with just a quick mention of the local weather.
What’s most audacious about the president’s call for an end to lobbying by campaign bundlers is that the bulk of Schweizer’s book that deals with the campaign bundler situation focuses on the outrageous behavior of the White House handing out billions of dollars in stimulus funds to their campaign bundlers. When it comes to being lobbied by bundlers, the Obama White House is Albert Pujols and Congress is Wilson Betemit.
Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers … a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers–individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008. Their political largesse is probably the best investment they ever made in alternative energy. It brought them returns many times over.
It goes without saying that the President did not take time from his weekly address to also call for an end to the White House or cabinet agencies making decisions and granting funds to companies or industries who raised campaign funds for the president or his party. Why should he? He gets all the credit for railing against that corrupt Congress and their unholy practices all the while handing out billions in federal dollars to his cronies and campaign pimps like Solyndra and Ener1.
A Washington journalist once wrote a book about a Republican president entitled Hubris. Perhaps said journalist should consider a sequel focused on Obama’s constant practice of sanctimoniously decrying others for the corrupt practices he has perfected.