Obama Donors Got $21,000 in Government Money for Every $1 They Gave

Who says that there are no great investments anymore? Sure the Stock Market might be uneven, but while free enterprise might be going to the dogs, there’s still one solid investment. Obama (OBM) whose shares just keep rising until the bubble bursts and he runs out of Chinese money to buy off his donors with.

Peter Schweizer, president of the Government Accountability Institute, said President Barack Obama had a “recycling” program that used crony capitalism to reward its campaign contributors, who would then funnel money back to the Obama campaign.

Appearing on Fox News’s one-hour special on Thursday about the “District of Corruption” movie, Schweizer said crony capitalism was so rampant in the Obama administration that Obama campaign bundlers received more than $21,000 on average in government-backed loans and grants for every dollar they contributed to the Obama campaign.

Schweizer said the Obama administration treated taxpayer dollars as “gift bags” to give to its top donors, which he called “the Obama recycling program.”

One such company was Amyris biotechnologies in Berkeley, California. Weeks before Amyris received a $25 million grant from the Obama administration, Feinstein and her husband bought nearly a $1 million in equity in the company. Then, the initial investors, such as Gore, saw a $12 million investment balloon to more than $80 million after they took the company and cited the government grants as a reason the company would be successful.  As Schweizer noted, the IPO was only possible because of taxpayer dollars.

Now there’s a classic example of people who didn’t build that.

  • Mary Sue

    Perhaps this is how Obama sees corporations as actually gaining their wealth in a legitimate fashion.

  • Deerknocker

    Folks love to talk about Chicago's corrupt politics, and they do have a point, but it looks like Washington DC corruption makes Chicago corruption look like small potatoes. Obama must have thought he died and went to heaven when he moved from small change Chicago graft to big dollar Washington corruption. Politicians may come to Washington poor, but they seldom return home that way. What I wouldn't give for a watchdog media, a vociferous political opposition, or an independent Justice Department. It seems there is just no one watching the store..

    • Mary Sue

      The irony being that Obama portrayed himself as above all the corruption. But it's like COME ON. He was "from" CHIGAGO!

      • Western Canadian

        It would be more accurate to say he IS Chicago… In the worst possible sense of the word.

        • Mary Sue

          Yeah he absorbed the spirit of Chicago in all its unholy glory. Yech.

  • http://twitter.com/Kenrick66 @Kenrick66

    If there's to be a "second" American Revolution, a crucial amendment to the Constitution would be one that would go, "Congress shall pass no law regulating or obstructing trade….." Such an amendment would shut the door on lobbyists seeking government favors and on corrupt, maleficent congressmen from either House from benefiting from such largess. Tax dollars would go to running a very limited government with no power to interfere with or regulate trade between free men. Congressmen could filibuster all they wished to, but the amendment would scotch any attempt by a lobbyist or politician from feeding at the public trough.

  • Cindy

    So feinstein was just acting when she claimed to be "investigating" Benghazi. We get it now.

    • Mary Sue

      she was too busy trying to figure out how to ban guns.

  • Penny

    THANK YOU, DANIEL GREENFIELD, for your continued stellar reporting of innumerable topics the quack MSM folk won't touch!

  • Steve Somers

    When I read this nonsense it makes me think of Bush 1.6 BILLION dollars to Romney so he could be a hero and save the Olympics. Many cronies walked away with millions and Romney claims he did it by himself, with no help from the federal government.

    • Keith Anderson

      WOW! Bush gave $1.6 Billion to Romney and Romney gave millions to his cronies. The Main Stream Media should have loved to expose that. Where were they?

      • bigdick

        shut up Keith you Idiot

  • D.C

    Correct me if I'm wrong but is this insider trading if it is shouldn't they be changed with the
    Crime like any body else in put in prison

  • bigdick

    Forget Al Capone as Chicagos biggest Gangster its now Barry Obama

  • warbler1

    corruption prevails at all levels of government the bigger they get, simple as that…