Who Gets Rich In The Obama Economy

Today’s Daily Caller posted an article about President Obama’s speech in Las Vegas calling for a plan to boost the American use of natural gas. I’m sure it is only a coincidence that George Soros will benefit greatly if the plan is put into action.

The Daily Caller reports:

Westport Innovations, a recent purchase by Soros, would benefit from the windfall of policies that pursue the use of natural gas for transportation. The company, whose shares have been projected to explode if Congress were to approve the Natural Gas Act, makes natural gas engines for heavy-duty trucks.

“Soros’s investment funds have pumped about $122 million into WPST, and he’s added to his control as recently as December and March, when he picked up over a million shares, bringing his total to 5.5 million shares,” reported BigGovernment.

“If Westport reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros’s hedge fund holds.

There have been a lot of investments in ‘green energy’ by political leaders who felt that they could put policies in place that would reward them rather than be in the best interests of America. We need to remember that specific legislation was passed before Solyndra declared bankruptcy that put the American taxpayer on the hook for the loss rather than the investors in the company. We also need to remember that in the bankruptcy of Chrysler, the interests of the unions were protected over the interests of the Preferred Stockholders, which is against bankruptcy law.

Crony capitalism seems to be one of the strongest traits of the Obama Administration. When November comes, we need to end both crony capitalism and the Obama Administration.

 

 
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