Crony Capitalism

The Barry is sagging under the weight of two crony capitalism disclosures -- Solyndra Corp. (see: Reuters Article) and LightSquared (see: LightSquared).  Now we hear that Jeff Immelt, the CEO of General Electric and a clear Obama crony, has just been thrown a $230 million bone from OGX, the Brazilian oil company, to supply them with off-shore drilling technology (see: Surprise GE Contract).  Now, clearly coincidentally, when Obama was in Brazil earlier this year, he announced a $2 billion U.S. loan to help Brazil develop its huge off-shore oil discovery (see: Forbes Take on the Loan ) ... despite the fact that he has effectively stopped oil exploration off our own shores.  He punctuated this largess by another of his arm-waving grand gestures ... saying that the United States is looking forward to importing this new Brazilian oil (see: Drill Brazil Drill).

Is anyone surprised that Obama will raise $1 billion to fund his re-election campaign?

Long afterthought:  Here is another link to a listing of Green Energy pork: Michelle Malkin

Sauce for the Goose

Three Japanese nuclear reactors built by GE seem to be in the process of radioactive meltdowns. Should Jeffery Immelt, the CEO of GE be summoned to Japan to be humiliated and asked to explain these failures to the Japanese people … and exactly what his company is doing to remedy things? Should he be asked by the Prime Minister of Japan, Naoto Kan, to set up a multi-multi-billion dollar slush fund to compensate the victims of this tragedy? You decide.

(For those who don't get the subtle parallel reference of this blog entry ... think of the BP company as  the gander that was sauced.)