Solyndra received a half billion of U.S. tax dollars, while Solyndra had little chance for success, and while Obama’s advisers were telling him not to invest in the company. George Kaiser, the wealthiest man in Oklahoma, owns 39% of Solyndra. George Kaiser also happens to be a major Obama fundraiser.
Kaiser inherited much of his original stash. He has a family foundation “dedicated to breaking the cycle of poverty through investments in early childhood education, community health, social services, and civic enhancement.”
George Kaiser was worth 2.4 billion in 2001 and now he’s worth 10 billion. I have an idea about how he makes some of this money.
According to John Hayward of Tulsa World, Kaiser, addressing the Tulsa Rotary Club in 2009, spoke about his foundation’s efforts to obtain “stimulus” funds, while acknowledging his approval of Obama’s Stimulus. He said, “There’s never been more money shoved out the government’s door in world history, and there probably never will be again.”
Can you just see him with his pails and shovels, ready to scoop up the taxpayer dollars? Maybe that’s what shovel ready means.
Kaiser is considered a top Obama donor. He raised between $50,000-$100,000 and personally gave Obama’s campaign $53,500 and his board members added roughly another $34,000.
Kaiser was able to access the White House 16 times since 2009. While he gained much of his fortune from oil and gas, he wants Americans to be independent of energy. He’s a big fan of a “freebate” which would take billions in new taxes from gas purchasers and redistribute the money to people who don’t buy a lot of gas.
Obama rushed the tax dollars into Solyndra before a photo op, against the advice of the professionals, after 16 visits by his big donor, Kaiser.
Obama made Kaiser a happy man, a grateful man. They were both grateful to each other, don’t you think? Read here: Kaiser and Solyndra