Cohocton, N.Y. These companies, according to Massa, "act as shell companies that deceptively operate on behalf of First Wind, which is currently under investigation by New York State Attorney General Cuomo for corruption charges in Cohocton and across the Northeast."
In fact, wrote Massa, "Constituents in our region see these projects as criminal actions … the award of $74.6 million to corrupt companies that have changed names time and again forming new LLCs and new Inc.s but maintaining their business model of lie, cheat and corrupt at the expense of taxpayers has stirred great unrest." Remember, this is a Democratic congressman.
First Wind is a green power company that produces windmills, the giant pieces of idiocy littering our landscapes. Its project in Cohocton, N.Y. -- the project Massa rips -- was so poorly done originally that residents reported that the turbines sounded like jet engines.
From March 31, 2007 to March 31, 2008, First Wind had revenue of $12 million and net losses of $73 million. Those losses forced First Wind to take out loans in the amount of $191 million. And up until October, the New York attorney general's office was investigating First Wind for its possible participation in bribery of public officials for land use purposes.
Broke and under investigation. Not exactly a great candidate for stimulus. But that didn't stop the Obama administration. Why? Because First Wind is supported principally by Madison Dearborn Partners and the D.E. Shaw Group.
Madison Dearborn Partners, not coincidentally, is Obama Chief of Staff Rahm Emanuel's "best source of funds," according to the Washington Examiner. During his congressional career, employees of Madison Dearborn gave Emanuel $93,600. And Emanuel is instrumental in oversight of the stimulus.
As for D.E. Shaw, White House economic adviser Lawrence Summers was paid $5.2 million in 2008 and 2007 by the company -- to work for one day a week, according to the New York Times. Also according to the Times, "Summers said in an interview that his experience at Shaw, however brief, gave him valuable insight into the practical realities of Wall Street, insight he is now putting to use in shaping economic policy in the White House."
The Obama administration is so dominated by obfuscatory aureate and magniloquent verbosity that it believes it can get away with literally anything. This administration creates dollars out of thin air to pay fictitious employees in figmental places. It's no wonder that so far, the Obama administration has stimulated precisely nothing in the real world.
First Wind is a green power company that produces windmills, the giant pieces of idiocy littering our landscapes. Its project in Cohocton, N.Y. -- the project Massa rips -- was so poorly done originally that residents reported that the turbines sounded like jet engines.
From March 31, 2007 to March 31, 2008, First Wind had revenue of $12 million and net losses of $73 million. Those losses forced First Wind to take out loans in the amount of $191 million. And up until October, the New York attorney general's office was investigating First Wind for its possible participation in bribery of public officials for land use purposes.
Broke and under investigation. Not exactly a great candidate for stimulus. But that didn't stop the Obama administration. Why? Because First Wind is supported principally by Madison Dearborn Partners and the D.E. Shaw Group.
Madison Dearborn Partners, not coincidentally, is Obama Chief of Staff Rahm Emanuel's "best source of funds," according to the Washington Examiner. During his congressional career, employees of Madison Dearborn gave Emanuel $93,600. And Emanuel is instrumental in oversight of the stimulus.
As for D.E. Shaw, White House economic adviser Lawrence Summers was paid $5.2 million in 2008 and 2007 by the company -- to work for one day a week, according to the New York Times. Also according to the Times, "Summers said in an interview that his experience at Shaw, however brief, gave him valuable insight into the practical realities of Wall Street, insight he is now putting to use in shaping economic policy in the White House."
The Obama administration is so dominated by obfuscatory aureate and magniloquent verbosity that it believes it can get away with literally anything. This administration creates dollars out of thin air to pay fictitious employees in figmental places. It's no wonder that so far, the Obama administration has stimulated precisely nothing in the real world. Ben Shapiro reporting. |