President Barack Obama, since taking officer, has showered his donors and allies with billions in federal dollars. A steady stream of grants and loans flows from the administration to Obama’s political cronies. And taxpayers foot the bill.
Energy investor Steve Westly is one such fundraiser who benefited royally. He bundled more than a half-million dollars for Obama’s 2008 campaign. Westly later won an appointment to the energy secretary’s advisory board. He chaired a board subcommittee on energy efficient building materials.
Conveniently, Westly’s investment firm invested heavily in firms that specialized in such products. Overall, Westly’s firms received more than $500 million from the Obama administration. That’s an awful lot of conflicts of interest for just one man.