The money shot...

That’s just the tip of the iceberg when it comes to the “Sputnik” investments President Obama made with taxpayer dollars. Four other solar companies that received stimulus money also went bankrupt this year. There is also Brightsource,a failing solar energy company connected to Obama donor Robert Kennedy Jr, who received more than a billion dollars in taxpayer guaranteed loans. In late September, President Obama’s Department of Energy extended more green energy loans to companies like Exelon and General Electric whose leadership and employees were also big donors to his campaign.Most recently, President Obama has invested hundreds of millions of dollars in the company Solazyme to fuel a Navy ship with algae based biofuels. Solazyme’s strategic adviser&nb sp;is non other than T.J.Glauthier who was part of President Obama’s transition team and who worked on the energy part of the 2009 stimulus bill. Solazyme is receiving $16 a gallon for this fuel-- 4 times the average price for such a fuel.  Pretty good payback from a friend, huh?

President Obama’s promised to invest in more than just clean energy, though, and that he did investing in both information technology and medicine. Take for example the companies Lightsquared and Siga Technologies.  Lightsquared, which received hundreds of millions of taxpayer dollars for a broadband project and has ties to both the infamous George Soros and Phillip Falcone (another Obama donor) is another company which has been part of President Obama’s “Sputnik Year”. President Obama indeed also invested in “information technology” as he promised in his State of the Union address, but such an investment did not help ” strengthen our security”. In fact, testing showed that Lightsquared internet signals interfered with military GPS signals. In essence, President Obama is willing to compromise the military’s technological abilities in order to fill the wallets of his cronies.  President Obama also has extended a hundreds of millions of dollars no bid contract to Siga technologies  a company who manufacture small pox treatments. This company had ties to former SEIU leader and Obama friend, Andy Stern, and to mainly Democratic donor Ronald Perleman.

President Obama indeed chose to invest in those areas that he sees will pave the way for what he sees as America’s Sputnik moment, but he has done so at the expense of the American taxpayer and at the cost of our financial future. There’s nothing like repaying your campaign donors and cronies with taxpayer money to truly “win the future”. Yet again, Governor Palin was right. It was just another “WTF” moment turned into a “WTF” year for our President.

A Time for Choosing