Money in Politics
Wednesday 22 May 2013 - Filed under Uncategorized
Gee. I was under the impression that the left hated the mingling of money and politics. The Nation:
The Center for American Progress, Washington’s leading liberal think tank, has been a big backer of the Energy Department’s $25 billion loan guarantee program for renewable energy projects. CAP has specifically praised First Solar, a firm that received $3.73 billion under the program, and its Antelope Valley project in California.
Last year, when First Solar was taking a beating from congressional Republicans and in the press over job layoffs and alleged political cronyism, CAP’s Richard Caperton praised Antelope Valley in his testimony to the House Committee on Energy and Commerce, saying it headed up his list of “innovative projects” receiving loan guarantees. Earlier, Caperton and Steve Spinner— a top Obama fundraiser who left his job at the Energy Department monitoring the issuance of loan guarantees and became a CAP senior fellow—had written an article cross-posted on CAP’s website and its Think Progress blog, stating that Antelope Valley represented “the cutting edge of the clean energy economy.”
Though the think tank didn’t disclose it, First Solar belonged to CAP’s Business Alliance, a secret group of corporate donors, according to internal lists obtained by The Nation. Meanwhile, José Villarreal—a consultant at the power- house law and lobbying firm Akin Gump, who “provides strategic counseling on a range of legal and policy issues” for corporations—was on First Solar’s board until April 2012 while also sitting on the board of CAP, where he remains a member, according to the group’s latest tax filing.
CAP is a strong proponent of alternative energy, so there’s no reason to doubt the sincerity of its advocacy. But the fact that CAP has received financial support from First Solar while touting its virtues to Washington policy-makers points to a conflict of interest that, critics argue, ought to be disclosed to the public. CAP’s promotion of the company’s interests has supplemented First Solar’s aggressive Washington lobbying efforts, on which it spent more than $800,000 during 2011 and 2012.
I guess cronyism is only bad when it’s groups and industries you don’t like being the beneficiaries. Whih makes them hypocrites.
2013-05-22 » madlibertarianguy