Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan


Jim Hoft
Gateway Pundit
September 30, 2011

It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partnerwith SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.

Team Obama is spending $737 million to create 45 permanent jobs.
The Hill reported, via Free Republic:

The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.

The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

 

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