DOE ANNOUNCES $1 BILLION DOLLARS OF ADDITIONAL CLEANTECH FUNDS CASH, BUT WHERE IS THE FIX FOR THE OBAMA CORRUPTION?



DOE Finalizes $1B New Loan Guarantee Authority for Fossil Fuel, Renewables, and Energy Efficiency Projects

| Sonal Patel


The Department of Energy’s (DOE’s) authority to issue loan guarantees officially received a $1 billion boost, which will be split between its Advanced Fossil Energy Projects solicitation and Renewable Energy and Efficient Energy Projects solicitation. 

The agency has finalized the additional loan guarantee authority that President Obama announced in August. It means that more loan guarantees are available under the DOE’s Loan Programs Office (LPO) solicitations. The Advanced Fossil Energy Projects solicitation (which also includes distributed energy projects) now has an additional $500 million, making a total $8.5 billion available. It also adds $500 million to raise the total for the Renewable Energy and Efficient Energy Projects solicitation to $4.5 billion.

Supplemental guidances issued on Oct. 21 also add new rounds of Part I and Part II application deadlines that extend well into 2016.

DOE loan guarantee applications typically undergo a two-part review: Part I determines the initial eligibility of a project and whether it is ready to proceed, and Part II, for applications that clear Part I, includes the full application process. The LPO then grants a conditional commitment to selected applicants, who next undergo the complete underwriting process and negotiation of terms for the loan guarantee.

“We hope these announcements continue to encourage innovative energy projects to apply for Title XVII loan guaranteesand we look forward to doing more deals in the future,” said LPO Executive Director Mark McCall in a statement.

The LPO now has open solicitations in four areas: the $8.5 billion Advanced Fossil Energy Projects solicitation; the $4.5 billion Renewable Energy and Efficient Energy Projects solicitation; the $16 billion Advanced Technology Vehicle Manufacturing loan program; and the $12.5 billion Advanced Nuclear Energy Projects solicitation. The office had reportedly received $12 billion worth of proposals as of July 2015.

To date, the agency has disbursed $32.4 billion to 30 projects under Section 1703 ($8.33 billion of that to Southern Co.’s Vogtle reactors and $2 billion to AREVA’s Eagle Rock Enrichment Facility), Section 1705 (which expired in September 2011 and furnished mostly renewables, transmission, or biofuels projects with loan guarantees), and advanced technology vehicles manufacturing.



Tesla Motors and the Road To Corruption


By Amy Landin- Washington Digital Review


It began as an idea by a couple of guys (none of whom were Elon Musk) who wanted to stiff it to the petroleum industry. It ended with political crime, corruption and the theft of tens of billions of taxpayer's dollars.

Jason was a junior level accounting major at Georgetown University. He had been recruited by Lachlan Seward, the loan program coordinator for the United States Secretary of Energy: Steven Chu. Jason thought that his low pay would yield big resume points, because, on this late October evening, he was going over the use of funds for a twenty five billion dollar “special” government fund. It was “big ticket” project and he knew he would be able to impress Wall Street, when he went job hunting at the end of this internship.

There was one problem, though, as he poured over the papers spread across the conference table on the upper floor of 1000 Independence Avenue, in the U.S. capital.

As he looked at the figures in front of him, again, he had a shiver go up his spine.

It wasn't excitement, it wasn't anticipation, It wasn't the chill of the office. He was beginning to think that something was horribly, horribly wrong.

The problem was, he just realized he was being ordered to arrange the materials in order to hand the taxpayer money over to the least qualified applicant. Additionally, the least qualified applicant was best friends with, and helped nominate, Secretary of Energy Steven Chu.

The applicant was Tesla Motors.

Nearly a billion dollars of taxpayer money has been spent on media hype about Tesla Motors and Elon Musk. Almost the full extent of that media smoke-screen, and Internet search engine rigging obfuscation effort, has been dedicated to keeping the public from finding out the truth about Tesla Motors.

Tesla was started by a couple of tech nerds who really hated oil companies. It labored for a number of years with little to show. Elon Musk then showed up, to run a hostile take-over of Tesla, and threw the founders out, during some very nasty lawsuits in which Tesla founder: Martin, accused him in court papers, and blogs, of being a fraud and a weasel.

Musk, and his Silicon Valley Cartel, had figured out a way to monopolize lithium mining deals in Afghanistan, and other war-profiteered regions. He had hooked up with Senator's Feinstein and Reid, via some spectacularly crooked insider stock, real-estate and supplier contract kick-back schemes, in order to grease the skids for a business conglomerate based on government hand-outs.

The $25 billion dollars had come from the U.S. taxpayers under a law called the Section 136 law. It was no ordinary pig trough bill. It had restrictions which, if violated, would meet the legal requirements of a felony-grade crime. John Doerr, Eric Schmidt and Elon Musk had crafted the schemed up portion of the Section 136 Advanced Technology Vehicle Manufacturing fund. It It was rigged to put tens of billions of taxpayer dollars right in their pockets, via an elaborate smoke-and-mirrors scam.

What Jason was looking at showed, in a side by side shoot-out, with all 200+ applicants, that Tesla Motors, compared to all others, was not only the least qualified but was in violation of the very law that operated the fund. Additionally, Tesla's investors were campaign financiers, and they had been demanding that the applicants who competed with them, get “nixed”.

The documents and the Treasury, SEC and GAO reports seemed to indicate that something was wrong in Tesla-land.

The law said that the applicant must use existing factories: Tesla was applying to build new real estate in order to benefit Diane Feinsteins husband's realty holdings.

The law said that the applicant must not be on the verge of bankruptcy yet Elon Musk had told Energy Department executives that Tesla would go bankrupt without the cash. Musk later confessed to this in on-camera interviews.

The law said that Tesla must comply with NEPA non-toxicity rules yet the Tesla factories were known to emit cancer-causing materials and had killed thousands of workers in China. Additionally, a plan to build a Nevada Tesla battery factory was found to be so toxic that it could kill entire towns from the toxic run-off. Additionally, disposal of Tesla batteries creates a domestic toxic dump as bad as Three Mile Island.

The law said that the money must be used to create U.S. jobs, yet Tesla was planning on (and, in fact, did) hiring a large number of H-1B off-shore workers.

The law said that the awardee had to pay an awarding fee. Tesla never paid the fee and their staff even bragged about the waiver in a public presentation.

The law said that the awardee had to have a factory-ready design. During the entire time of Tesla's application; not only did they not have any design but they used the money they got from the taxpayers, to start from scratch and figure it out. Their submitted napkin design was $100,000.00 over-budget PER CAR, during the DOE application period time. Nothing in the DOE Tesla application technical design “rough idea” has any resemblance to the car that actually emerged from the “factory”.

Outside of the Section 136 law, federal criminal law says that you must not bribe politicians to get awarded federal money. Tesla has been shown to have bribed the very politicians that awarded the taxpayer cash.

The section 136 law said that the applicant must have a top-level “debt ratio”. A debt ratio is how much money has been dumped into a company vs. the likelihood of paying all of the investors back. Tesla had THE WORST DEBT RATIO of all 200+ applicants. In other words, based on Treasury investigators analysis: Tesla had burned up so much money, with so little potential, and so little volume demand, that the ability to survive was almost nil. Department of Energy staff, who were, exclusively, hand-holding Tesla through the DOE program, helped arranged for a Detroit car company to temporarily acquire some Tesla stock in order to help Tesla fudge their book-keeping, so that the debt-ratio would falsely appear to balance just long enough for the award of taxpayer cash to be issued. Most of Tesla's main sales were to it's own investors and political fan-boys, in order to inflate order reports.

Tesla's application promised to sell at least 200,000 cars by 2012. In fact Tesla, as of today, has barely sold a tiny fraction of that number, after missing every milestone in it's original application, and after wasting more money, per car, than any other car maker in manufacturing history.

These violations of the rules of the programs, the laws of the nation and the realms of morality went on and on. The list was long. Jason was now sweating.

Here was a company that appeared to be a total sham. It was a hyped up, internet-buzz calculated, stock market skim machine. It's supporters were the leaders in the use of “Flash Boy” stock market manipulation algorithms. Tesla shared the same plot of land with another company, which involved most of the same people. That other company was the soon-to-be-FBI-raided SOLYNDRA.

What was Jason going to tell his boss at The Department of Energy? He visualized his career swirling around the rim of a toilet bowl as he tried to form the words, in his mind, to tell his boss that the applicant, called Tesla Motors, was a stink bomb.

Jason never got to have that meeting with his boss. The next day the Department of Energy controller, who sat in between the boss and Jason, took the briefing from Jason. He complimented Jason on his excellent work but said that he would handle the revelation with the boss.

Not that many weeks later, Jason was shocked to see Steven Chu on CNN announcing the award of the vast sums of the taxpayer cash, via the $25 Billion dollar “special fund” to Elon Musk and Tesla Motors.

What had happened?, he wondered. What could have erased a volume of dark revelations from review? Having not yet heard of”Lois Lerner” or the “Hillary Email Caper” yet, he could not imagine what had gone sideways.

He made his way, with urgency, to the controller's office, where he had first disclosed his findings. The controller looked up as he walked in, gave a commiserating expression and simply said...” ...I know, how you must feel about now..”

There is nothing you can do except forget that this ever happened. We got a memo. This memo! (he held a piece of paper up, facing away from Jason). “I can't ever show it to you, but it is a game-changer.”

Jason saw the memo, lit from behind, as the controller held it, facing away from Jason, but back-lit by the setting sun. It had a very distinct blue circular logo, at the top, and a watermark that is like no other in the world.

The White House had ordered the wave-through of their campaign financier's company despite all of the known false-hoods, misdeeds and out-right lies that Tesla had engaged in.



http://lithium-ion.weebly.com


Automated mass internet manipulation attack “Troll Farm” Tactics used by Tesla to rig internet perceptions:


http://www.news.com.au/technology/online/columbia-chemical-hoax-tracked-to-troll-farm-dubbed-the-internet-research-agency/story-fnjwnhzf-1227383608441

http://www.freerepublic.com/focus/news/3297994/posts?page=17

http://okcupidtrolls.tumblr.com/

http://mightygirl.com/2015/06/02/russian-troll-farms/


VENTURE CAPITAL COLLUSION, MARKET RIGGING, VALUATION FIXING:


Silicon Valley cartel: Apple, Google, and others 

A group of 60,000 Silicon Valley workers got clearance today to move ahead with a lawsuit based on an explosive allegation that Apple, Google, Adobe, and …

slate.com/blogs/moneybox/2014/01/15/silicon_valley_…

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The Cartels of Silicon Valley – CounterPunch

Last week Mark Ames published an article that should forever destroy any connection between theSilicon Valley tech billionaires and libertarian worldviews.

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The Silicon Valley cartel | MetaFilter

Mark Ames on Silicon Valley’s conspiracy to drive down workers’ wages: In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs …

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Former NYC Regulator: Uber a ‘SiliconValley Cartel’ in ..

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Mexican Cartel Links to Silicon Valley | NBC Bay Area

Often, families living in Silicon Valley work for the cartel processing the drugs, sometimes out of their homes. “It is a business,” he said.

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Silicon Valley fends off cartel concerns | GlobalPost

Mexico’s Silicon Valley fends off cartel concerns. Tech geeks scramble to build the next Facebook in the drug war’s shadow. Tweet. Enlarge.

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Silicon Valley Anti-Poaching Cartel Went Beyond a Few Tech 

The gentleman’s agreement that several Silicon Valley firms are now widely known to have taken part in to minimize employee poaching within their own circles went …

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REVEALED: Court docs show role of Pixar and Dreamworks 

Just when the tech giants behind the Silicon Valley “Techtopus” wage fixing cartel thought the worst was behind them, US District Judge Lucy Koh has thrown a …

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The Techtopus The Silicon Valley Wage Suppression Cartel 

The Techtopus The Silicon Valley Wage Suppression Cartel W Mark Ames, TV Series Full Episodes English Subtitles

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Silicon Valley Drug Bust Shows Strong Ties To Mexican Cartels 

Patrick Vanier, Santa Clara County, Silicon Valley, … Silicon Valley Drug Bust Show Strong Ties To Mexican Cartel; KCBS’ Matt Bigler Reports

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Engineers Allege Hiring Collusion in SiliconValley – NYTimes.com

A class-action suit by Silicon Valley engineers against companies including Google, Apple and Intel has revealed details of an agreement among them not to …

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Elon Musk: Government’s $5 Billion Man – Investors.com

C apitalism 2015: In corporate finance today, the theme is “Go where the money is.” For Elon Musk, CEO of Tesla, SolarCity and SpaceX, the place to hunt for cash isn …

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Elon Musk | AgainstCronyCapitalism.org

Elon Musk, as likable a guy as he is and as cool as his cars are, is a big time crony capitalist. In fact, as the LA Times reports, crony capitalism is absolutely …

againstcronycapitalism.org/tag/elon-musk/

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Tesla Loving Care | The American 

But that doesn’t mean we won’t continue to be forced to “help” Elon Musk build these mobile … Tesla Loving Care. The charmed life of a crony corporatist …

spectator.org/articles/61877/tesla-loving-care

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Elon Musk’s growing empire is fueled by $4.9 billion in crony cash. Let’s crowd-fund Elon Musk’s trip to Mars and send him there as fast as possible ..

Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies … Musk/Tesla and company are very good about repaying Govt loans.

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Elon Musk’s growing empire is fueled by $4.9 billion in ..

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets …

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The Tesla Fraud – LewRockwell.com

But that doesn’t mean we won’t continue to be forced to “help” Elon Musk … monuments to crony … The argument is that each Tesla built with these kickback 

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Nevada, Taxes, Elon Musk, CronyCapitalism and Jobs – WSJ

Nevada, Taxes, Elon Musk, Crony Capitalism and Jobs I would advise Mr. Musk that politicians love you until you’ve given them what they want.

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Elon Musk: Objectivists’ Dream or Just Another Crony – Galt’s .

Elon Musk: Objectivists’ Dream or Just Another Crony – Galt’s Gulch

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Crony Capitalism Pays Big For Democratic Donor Elon Musk

The same could be said in our opinion for the rest of the subsidies in Elon Musk’s crony government-fed portfolio. Login or register to post comments;

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Elon Musk And His Apparent Regrets Over The 13th Amendment 

Elon Musk And His Apparent Regrets Over The 13th Amendment Crony Capitalism Goes Above The Law And Beneath Contempt In Oregon

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Top Obama crony capitalist deserts Zuckerberg immigration scam

Now Elon Musk, one of Obama’s big crony capitalist cronies, has decided to drop out. Elon Muskcashed in on Tesla, an electric car company, which got $465 million …

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Elon Musk——$4.9 Billion Crony Capitalist Mooch | David 

Crony Capitalist Culprits; History Page; Chart Gallery. Stockman’s Corner Stockman’s Corner Chinese Stock Market’s Wile E. Coyote Moment by Bloomberg Business …

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Elon Musk——$4.9 Billion Crony Capitalist Mooch — Elon Musk’s 

Elon Musk——$4.9 Billion Crony Capitalist Mooch — Elon Musk’s Growing Empire Is Fueled By $4.9 Billion In Government Subsidies

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Is Elon Musk taking taxpayers for a ride with 3 different ..

Is Elon Musk taking taxpayers for a ride with … crony capitalism cronyism DoE Elon Musk green money Musk Pay Pal … Carpetbagger Crony Capitalist Terry McAuliffe …

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Elon Musk Plays California for Tax Breaks, Then Moves SpaceX .

Elon Musk Plays California for Tax Breaks, Then Moves SpaceX Operations … Having played the Golden State for SpaceX crony capital “goodies,” Elon Musk seems to …

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Elon Musk | Stop Crony Capitalism

Stop crony capitalism! tw FB. Elon Musk. June 5, 2015. Stop Betting on the Come – Subsidies Not the Answer.

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Jason Mattera Exposes Crony Crapitalist, Tesla CEO Elon Musk 

Tesla CEO Elon Musk is a big, huge crony Crapitalist. And “if there’s a single, major criticism of ElonMusk,” writes Business Insider’s Matthew Debord, “it …

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Inside The Washington Termination ofElon Musk | TECHNOCRACY

Inside The Washington Termination of Elon Musk Today NASA … The White House promised ElonMusk and his crony … The Google Politics Kickback Process.

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Elon Musk Has Raided 150 People From Apple For Tesla

This is an interesting little story: Elon Musk has been deliberately and specifically hiring people away from Apple to go work with him at Tesla.

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Elon Musk Why do so many people from In-Q-Tel work for Elon Musk? 

Billionaire tech mogul and pop technologist Elon Musk says none of the taxpayer incentives his businesses receive are necessary, “but they are all helpful.”

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Elon Musk——$4.9 Billion Crony Capitalist Mooch

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Your guide to Venture Capital Mobsters…

Angelgate is a controversy surrounding allegations of price fixing and collusion among a group of ten angel investors in the San Francisco Bay Area.

en.wikipedia.org/wiki/Angelgate

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Collusion Charges Still Linger Over `AngelGate’ – CBS News

The latest Silicon Valley online guessing game: Was price-fixing on the menu when a group of high-profile tech investors met recently at a downtown San Francisco …

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Collusion – Quora

AngelGate: Is collusion between angel investors to gain an advantage in investing in startups illegal? Antone Johnson, Studied antitrust law at Columbia wit …

quora.com/Collusion?share=1

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AngelGate : Is collusion between investors to gain an 

This answer addresses the question of whether investor collusion is illegal, but not the specific behavior discussed on TechCrunch. Under the Williams Act which …

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AngelGate Is “100 Percent Accurate,” Says Michael Arrington

AngelGate Is “100 Percent Accurate,” Says Michael Arrington. … Arrington said he later learned, “collusion” and “price fixing” were on the menu. …

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Investors deny ‘Angelgate’ collusion – San Francisco Business …

TechCrunch editor Michael Arrington shocked readers Tuesday afternoon by accusing an unnamed group of “ten or so” prominent early stage technology investors — so …

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So A Blogger Walks Into A Bar… | TechCrunch

So A Blogger Walks Into A Bar … Collusion and price fixing, … Rage. AngelGate Is Far From Over; Ron Conway Drops A Nuclear Bomb On The Super Angels …

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Crooked Angels: Blogger Accuses Top Tech Investors of ..

If there are any collusion efforts among angel investors, then it would be a huge public service to expose the collusion and get it to stop.”

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Super Angel collusion | Pearltrees

Here’s Who Was At That Secret Valley Super-Angel Collusion Meeting. Hooray For Mike Arrington. …AngelGate Is “100 Percent Accurate,” Says Michael Arrington.

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Liminal states :: “Angelgate“: Collusion is so hot right now

There is an angel conspiracy. It dark, it is devious, and it is far-reaching. The conspirators number amongst them many of the top people in the Valley, including …

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Angelgate – Analysis & Opinion | Reuters

Angelgate. By Felix Salmon. September 22, 2010. … It is a market where the investors wish they could inject some collusion. But they can’t and they won …

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#AngelGate, Dave McClure and Re: Why I Stopped Reading Hacker …

#AngelGate (Read this for a … Dave McClure and Re: Why I Stopped Reading Hacker News. 25 September 2010 … I thought collusion mattered only if the people involved …

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AngelGate dispute among Valley investors cracks wide open .

Arrington alleged that he heard the meeting was about illegal collusion. … AngelGate dispute among Valley investors cracks wide open.

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#AngelGate Collusion In Europe? We’d Need Much More …

Here in Europe we’ve been fascinated by what has become known as AngelGate. But after talking all day to many contacts today across the tech scene in…

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Venture Capital Racketeering & “AngelGate” – THE NEWS

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ANGEL COLLUSION SCANDAL ROCKS SILICON VALLEY! [The Video ..

ANGEL COLLUSION SCANDAL ROCKS SILICON VALLEY! [The Video] Henry Blodget; Sep. 22, 2010, 3:34 PM; 7,257; 18; facebook; linkedin; twitter; email; print; Follow Business …

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Collusion | OoTheNigerian

#AngelGate, Dave McClure and Re: Why I Stopped Reading Hacker News. 25 September 2010 by Oo #AngelGate (Read this for a little background) Summary: A group of …

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AngelGate meeting scandal gives Bin 38 lots of free publicity 

AngelGate meeting scandal gives Bin 38 lots of free publicity, punchlines, and a Hitler parody. Bin 38 was the scene of an Angels meeting. Photo: Mark …

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What Entrepreneurs Should do about Price Fixing – CloudAve

I returned to my house, flipped on my Mac and see AngelGate, … As a funny coincidence I happend to have written about the topic of collusion 3 weeks prior to the …

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Showdown! Angels, Arrington to Go Mano a Mano | WIRED

That would be an illegal form of collusion in what should be a … It’s so perfectly timed one might even think that HeavensGate InvestiGate AngelGate* might be …

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Liminal states :: Fretting, asking, and begging isn’t a plan …

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How Michael Arrington’s School of Friendship Journalism Led .

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AngelGate: Ron Conway Rips ‘Despicable and Embarrassing 

Major tech investor Ron Conway has thrown a barrel of gasoline on the rapidly escalating scandal known as AngelGate, in which a group of investors are said …

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Fred Wilson on AngelGate and Where the Web Is Going ..

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AngelGate’ disrupts TechCrunch conference but no ‘Jerry Springer’..

In a colorful blog post, PayPal veteran and angel investor Dave McClure dismissed talk of collusionand “Angelgate” saturated social media — Twitter, Quora, Facebook (and spawned jokes and a Hitler…

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The Daily Start-Up: “AngelGate” Escalates – Venture Capital Dispatch…

And the “AngelGate” flap won’t die. Arrington blogged about it, alleging angel collusion. Now angel Ron Conway, who wasn’t at the meeting but whose SV Angel partner David Lee apparently was…

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Scripting News: Angelgate in a Nutshell

I was talking about Angelgate earlier today with an entepeneur (the new spelling) a bunch of angels and you’re wondering if the guys you’ve been meeting with were in the collusion meeting that Mike…

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How AngelGate Affects You…Yes, You, Racketeering In Silicon Valley still getting worse. Where is the FBI? –

How AngelGate Affects You…Yes, You. In an overcrowded world of mortal human beings, struggling Michael Arrington’s report of collusion among Silicon Valley Super Angels really is as epic a story as it…

readwrite.com/2010/09/24/how_angelgate_affects_youyes_you

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What Entrepreneurs Should do about Price Fixing – CloudAve

_ We all know about AngelGate by now. As a funny coincidence I happend to have written about the topic of collusion 3 weeks prior to the fateful dinner.

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The Real Lesson of AngelGate | Force of Good

The Real Lesson of AngelGate. Posted on September 23, 2010 · 11 Comments. He starts screamingcollusion in a quite successful attempt to draw page views.

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Founders Come First | True Ventures

First the “smackdown” news and chatter this week and now Angelgate. super angels and VCs, while Fred Wilson at Union Square says collusion has certainly happened where several VCs have been…

trueventures.com/founders-come-first/

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AngelGate: Symptom or Problem? | payne.org/blog

It seems clear this week’s meme is going to be “AngelGate“, after Michael Arrington crashed a private meeting of West coast “super” angels, accusing them of collusion and price fixing.

payne.org/blog/angelgate-symptom-or-problem/

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AngelGate” – Who Really Has the Power? – 3Q Digital

So today AngelGate may be a big deal, but in the long run it won’t amount to much – the power is shifting to the entrepreneur, and no amount of collusion from angels or VCs can stop that.

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The Daily Start-Up: “AngelGate” Escalates – RPI Engage | Forum

The Daily Start-Up: “AngelGate” Escalates. Posted by Remy Arteaga on September 24, 2010 at 10:55am in News. Arrington blogged about it, alleging angel collusion.

rpiengage.ning.com/forum/topics/the-daily-startup-angelgate

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PDF Angel Investing : How do angel investors gain traction?

AngelGate: Is collusion between angel investors to gain an advantage in investing in startups illegal? Angel Investing: Is it fair for someone who calls themselves a “seed” investor to require traction?

ventureengine.lk/pdf/How do angel investors gain traction…

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What Entrepreneurs Should do about Price Fixing

_ We all know about AngelGate by now. As a funny coincidence I happend to have written about the topic of collusion 3 weeks prior to the fateful dinner.

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angel meetup at Bin 38 with everyone but @Arrington  #angelgate..

Attend the secret super angel meetup at Bin 38 with everyone but @Arrington  #angelgate. ” i missed this meeting, can it turn into a monthly entrepreneur collusion meeting? “

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BoomTown Decodes Conway’s Super Angel Email to Fellow Investors..

Dave “Sue Sylvester” McClure uses his bullhorn blog to call foul about a not-naming-names-but-still-really-mad-as-hell story of collusion by that creepy kid from the school newspaper who wants to…

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Tagxedo, word cloud with styles

Michael Arlington of TechCrunch broke a very colorful story yesterday, now known as Angelgate, about a secret super-angel meeting that he crashed. In his blog, Arlington accused the angels ofcollusion

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Fire in The Valley, Fire in My Belly… and Yes, Mike, I Have Stopped…

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Why Crony Capitalism Gives the Free Market a Black Eye. Gary Shapiro. Nation’s Largest Nuclear Power Plant Operator Seeks State Subsidies …

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Elon Musk: Government’s $5 Billion Man

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The Techtopus: The Silicon Valley Wage Suppression Cartel (w 

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DOWNLOAD YOUR FREE COPY OF: "THE BOOK OF TESLA":

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HOW THE CRONY CAPITALISM OF THE CLEANTECH CRASH ALMOST DESTROYED AMERICA


See More at: http://thecleantechcrash.wordpress.com


Crony Capitalism - The Real Cause Of Society's Problems

Submitted by Tyler Durden

Submitted by Richard Ebeling via EpicTimes.com,

Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed.

These critics have insisted that it is unbridled capitalism, set loose on the world, which is the source of all of our personal and society misfortunes. We hear and read this not only in the popular news media and out of the mouths of the political pundits. We see it also in the election of a radical socialist to the leadership of the British Labor party, and a self-proclaimed “democratic socialist” riding high in the public opinion polls for the Democratic Party’s nomination to the U.S. presidency.

The first observation to make is that many if not most of the social and economic misfortunes that are most frequently talked about are not the product of a “failed” free enterprise. The reason for this is that a consistently practiced free enterprise system no longer exists in the United States.

The Heavy Hand of Regulation

What we live under is a heavily regulated, managed and controlled interventionist-welfare state. The over 80,000 pages of the Federal Register, the volume that specifies and enumerates all the Federal regulations that are imposed on and to which all American businesses are expected to comply, is just one manifestation of the extent to which government has weaved a spider’s web of commands over the business community.

The Small Business Administration has estimated that compliance costs imposed on American enterprise by this mountain of regulations maybe upwards of $2 trillion a year.

At the same time, the tangled web of corrupt government-private sector relationships is also reflected in the size and cost of special interest lobbying activities connected with the Federal government.

According to the non-partisan Center for Responsive Government, in 2014 there were almost 12,000 registered lobbyists working in Washington, D.C. Their job is to influence the writing of legislation that serve special interest groups attempting to obtain sectorial tax breaks, anti-competitive regulations or market restrictions, redistributions of wealth, or taxpayer funded subsidies and protections from the realities of free market competition and trade, or to advance various ideologically motived “causes.”

Spending Big Money to Plunder Others

The Center for Responsive Government, which tracks who lobbies and for what purposes and causes through the targeting of specific holders of or contenders for Federal elected office, including the Presidency and both Houses of the U.S. Congress, estimated that in 2014 lobbyists spent nearly $3.25 billion in the pursuit of privileges for some at the expense of others in society.

Just alone in 2013-2014, over $500 million dollars was spent on lobbying activity by the financial, insurance, and real estate sectors. Ideological and single-issue groups spent more than $352 million. Lawyers and lobbyists spent $151.5 million; health industry companies spent $142 million; and labor unions “invested” $140.6 million on lobbying.

Communications and electronic companies spent $116 million; energy and natural resource sector, $115 million; agribusiness, $77 million; construction companies, $67.7 million; transportation firms, $61 million, and defense companies, $25.4 million.

Based on the Senate Office of Public Records, the Center for Responsive Government calculates that lobbyists spent close to $41 billion on lobbying activities over the last 15 years, since the beginning of the twenty-first century.

These billions of special interest-serving dollars have influenced and affected the spending of trillions of dollars of Federal government expenditures over the same decade and a half. The lobbyists work with and use those who hold high political office so the special interest and ideological groups who employ them can plunder many others in American society; they can be viewed as among the most successful enterprisers in the country.

The Best Politicians Money Can Buy

But the symbiotic relationship between politicians and special interest groups of all types does not begin or end with the formal lobbying for legislative, regulatory and fiscal privileges and favors in the halls of Congress and the White House in Washington, D.C.

It goes on all year round all over the country in the form of campaign and electioneering contributions to get those elected or reelected who can be depended upon to direct the powers of government in ways that interest groups and ideological activists desire and from which they hope to benefit.

Again according to the Center for Responsive Politics, in 2013-2014, individuals and PACS donated over $1.6 billion to 1,671candidates of both major political parties running for office in the Senate and the House of Representatives. Democratic Party candidates received $736 million, while Republican Party candidates received $901.5 million.

While it may seem unseemly to suggest such a thing, these amounts for legislative lobbying and campaign funding, of course, do not include more millions of dollars that grease the palms of those in political power or who want to be in those lofty positions that represent funding that are outside the official channels in the form of “gifts,” travel junkets, off-the-books expense accounts, and out-and-out bribes of one type or another.

The real world of corrupted and corrupting crony capitalism includes more than lobbying expenditures and campaign contributions to have ringside seats in the halls of political plunderland.

The media has been in a frenzy with the revelations that the Volkswagen automobile company manipulated information about emission standards on its diesel vehicles to deceive environmental regulators in both the United States and Europe. This is being portrayed by many in the media as another example and “proof” of the consequences of unbridled capitalism, when left outside of sufficiently tight and demanding government regulation and intense oversight.

Government Partnerships and the Volkswagen Scandal

However, a closer look shows that this is, instead, another example of the result arising from government, business and labor union “partnerships.” In Germany, labor union representatives sit on the executive boards of large companies and corporations that work closely with various levels of the German government to attain political and “social” goals and objectives very different and separate from what a truly free market company does in pursuing peaceful and honest profits in the service of consumer demand on open, competitive markets.

On September 25, 2015, The New York Times quoted a former Volkswagen executive who said:

There’s no other company where the owners and the unions are working so closely together as Volkswagen. [Volkswagen] guarantees jobs for over half the supervisory board. What management, the government and the unions all want is full employment, and the more jobs, the better. Volkswagen is seen as having a national mission to provide employment to the German people. That’s behind the push to be No. 1 in the world. They’ll look the other way about anything.”

In such a politicized market economy, working for and serving “national” and “social” interests become the guiding principle of business decision-making. Not only does it lead to wasteful and inefficient economic business operations having less or sometimes nothing to do with cost-effective management and allocation of labor and resources to make better, newer and less expensive products, it also corrupts the individuals participating in these activities.

Breaking one or more regulatory standards imposed by government on these enterprises is merely one way of “doing business” to advance other political goals such as “jobs” and “full employment” that are expected as part of the “partnerships” with local and national-level politicians and labor union leaders.

The only thing expected from the business enterprises in these intricate political webs is: Don’t get caught. If you do, then your political partners become like Captain Renault, the prefect of police in the 1942 movie “Casablanca.” When Renault orders the closing of Rick’s Café, the owner asks him on what grounds. Renault declares that he is “shocked, shocked” to discover that there is gambling going on in the café. At which point the roulette coupé appears with a stack of franc banknotes in his hand and says to Renault, “Your winnings, Sir.”

Volkswagen got caught, and will pay handsomely in financial and other penalties that will, no doubt, be imposed by the U.S. and European governments. And all the time, Volkswagen’s political partners, especially in Germany, who fostered and worked with the company to play its part in the “game” of government interventionism that has nothing to do with market-oriented enterprise, will sanctimoniously condemn the greedy and “selfish” conduct of profit-hungry businessmen.

What all these examples and facts about lobbying activities, campaign funding and government-business partnerships highlight is the pervasive extent to which “capitalism” as it now exists in the United States or Europe – or in fact all other parts of the world – has nothing to do with free market, laissez-faire capitalism.