Missouri stimulus beneficiary hosting a $25,000-a-head fundraiser for Obama

posted at 12:30 pm on September 24, 2011 by Tina Korbe

Against the backdrop of the Solyndra bankruptcy, what might have seemed innocuous a few months ago seems more than a little sketchy now.

Tom Carnahan is at the helm of Wind Capital Group, an investment firm that received a $107 million federal tax credit to develop a wind power facility in his home state of Missouri. In October, he’s scheduled to host a $25,000-per-person fundraiser to aid Obama’s reelection effort.

Politico, with more:

Republicans argue that it’s inappropriate for the Obama campaign to raise money from a donor who has benefited directly from the Recovery Act.

Missouri Republican Party executive director Lloyd Smith compared the situation to the Solyndra affair, in which the Obama administration reportedly rushed federal support to a green-energy firm that subsequently collapsed.

“At a time when Barack Obama is under fire for steering hundreds of millions of dollars in stimulus funds to a failed company linked to a major campaign donor, it is stunning that he would come to Missouri and raise money with another recipient of stimulus cash,” Smith said in a statement to POLITICO. “Sadly, Missourians have come to expect this kind of pay-to-play from the Obama administration. November 2012 can’t come soon enough.”

Which came first — Carnahan’s support for Obama or his receipt of a substantial federal subsidy? Either way, it doesn’t really matter. It’s inevitable, with how much money Obama’s administration dispenses through swollen government programs, that some of it will go to former donors — or that it will convert some would-be apathetics into enthusiastic Obama supporters. But, while donors shell out their own cash to help the Obama campaign, he’s able to return the favor only with taxpayer dollars. In other words, they play; we pay.

It’s to be expected that voters will support the candidate whose policies most benefit them — and maybe Carnahan supports Obama because, to him, the stimulus worked. But we’re talking about direct infusions of cash in both directions here. As Smith implied, it just smacks of the crony capitalism we’ve seen on a grander scale with Solyndra and LightSquared. And “crony capitalism” — like class warfare — makes for poor economics. Put simply, picking winners and losers doesn’t work — except politically.


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Crony capitalism and “pay to play” is unethical and dishonest whether it’s Barack Obama or Rick Perry doing it.

bw222 on September 24, 2011 at 12:35 PM

A lot of “pleading the 5th” in the coming year.

VegasRick on September 24, 2011 at 12:37 PM

Show-me-the-money State?

Inkblots on September 24, 2011 at 12:37 PM

Taxpayer earns a dollar–>pays dollar to government—>government awards “stimulus” dollars to cronies (like Solyndra)—>cronies hold expensive fundraisers dinner for Democrats

sounds like laundering to me.

ted c on September 24, 2011 at 12:38 PM

Show-me-the-money State?

Inkblots on September 24, 2011 at 12:37 PM

More like “Give-me-the-money-shake”

VegasRick on September 24, 2011 at 12:39 PM

Not to thread hijack, but I like Palin’s focus on “crony capitalism”. To me it’s the necessary compassion of all this government spending. So they have to be addressed together. One is the grease, the other is the large gears of the machinery of government.

Paul-Cincy on September 24, 2011 at 12:39 PM

oops. compassion = companion.

Paul-Cincy on September 24, 2011 at 12:40 PM

“Friends of Anthony” is starting to look like childs play apparently bo,joe and timmy opened up the treasury to their friends.

tim c on September 24, 2011 at 12:41 PM

Roy Blunt scored a lot of points on that farm when running against Robin Carnahan. Ed Martin came within a whisker of taking Russ Carnahan’s seat, which includes a big part of south St. Louis, which would have been unprecedented.

The Carnahan’s are basically the Kennedy’s of Missouri. At the time of the stimulus, I guess Obama thought he was so wildly popular that he didn’t even have to try to hide the cronyism, but the landscape changed in hurry. Especially in Missouri.

Wonder how Claire McCaskill feels about throwing her early support behind Obama now?

stldave on September 24, 2011 at 12:41 PM

Paul-Cincy on September 24, 2011 at 12:39 PM

Did you see Ramirezs’ “We call it crony socialism” – white house cartoon today?

VegasRick on September 24, 2011 at 12:41 PM

“When it comes to the Barack Obama’s $814 billion boondoggle known as the ‘stimulus,’ it’s all in the family for the Carnahans,” Lloyd Smith, executive director of the Missouri GOP, said in a statement. “Robin Carnahan supported it, Russ Carnahan voted for it, and now Tom Carnahan is profiting from it.”

Read more: http://www.stltoday.com/news/local/govt-and-politics/political-fix/article_edf58fec-c4cc-11df-9a95-0017a4a78c22.html#ixzz1YtBTrLOq

Paul-Cincy on September 24, 2011 at 12:43 PM

Carnahan will claim he’s gay and then it will all go away.

VegasRick on September 24, 2011 at 12:44 PM

Can someone please explain to me why the media coupled George Bush with Enron at every opportunity but cannot connect the dots when it comes to Obama bundlers and taxpayer rip offs?

Cindy Munford on September 24, 2011 at 12:44 PM

Tom Carnahan is at the helm of Wind Capital Group, an investment firm that received a $107 million federal tax credit to develop a wind power facility

http://www.windcapitalgroup.com/Home.aspx – site states they are going to produce 350mW of power.

$107 million/350 mW = ~$31 million / megawatt

350 mW is enough to power a city of 300,000.

is this a deal?

ted c on September 24, 2011 at 12:44 PM

Wind Capital Group site states they are going to produce 350mW of power.

California alone needs about 55,000 megawatts of electricity on a sunny, hot summer day. And the cost of producing that much electricity would be about four times more expensive than a regular natural gas-fired power plant.

ted c on September 24, 2011 at 12:46 PM

It matters not that the word is out about what is going on with the green-jobs, clean energy, democrat- supporting fraud. Reid, obviously with Obama’s blessing, is willing to bring on another funding “crisis” to ensure the green money-river flood does not recede even an inch; the Obama’s administration works fast and furiously to get all green energy money out the door by next Friday, to ensure that there is plenty of money floating around to fund his billion dollar reelection campaign. Everybody knows.

GaltBlvnAtty on September 24, 2011 at 12:49 PM

Quid pro quo.

Dandapani on September 24, 2011 at 12:50 PM

is this a deal?

ted c on September 24, 2011 at 12:44 PM

Why are you asking unimportant questions? Don’t you notice the clean air? Try not to step in those dead birds.

Cindy Munford on September 24, 2011 at 12:50 PM

who is paying 25K a plate?

would it be those evil rich people obama wants us to hate?

clement on September 24, 2011 at 12:50 PM

Tom Carnahan is the brother of Russ Carnahan.

Russ Carnahan voted in favor of cap n’ trade legislation and really irritated this bakery in his district. It was a significant event in the area and was part of the generation of the local Tea Party there IIRC. I remember Dana Loesch working this angle a bit.

ted c on September 24, 2011 at 12:50 PM

Did you see Ramirezs’ “We call it crony socialism” – white house cartoon today?

VegasRick on September 24, 2011 at 12:41 PM

A linky (or the correct date) would have been nice.

pain train on September 24, 2011 at 12:50 PM

A linky (or the correct date) would have been nice.

pain train on September 24, 2011 at 12:50 PM

Oh, so sorry pain
It was published TODAY in my LVRJ/Sun.

VegasRick on September 24, 2011 at 12:54 PM

Take a little trip in the way back machine. When you talk about Tom Carnahan, Russ must be mentioned.

http://dailycaller.com/2010/09/30/rank-and-file-democratic-congressmans-brother-dependent-on-government-grants-for-companys-success/

ted c on September 24, 2011 at 12:54 PM

Obama and friends, creating even more racists at light speed.

fogw on September 24, 2011 at 12:55 PM

Simply infuriating.

Ted Torgerson on September 24, 2011 at 12:57 PM

But Tom’s history associated with the war against fossil fuels and the world of renewable energy is a short one, beginning in 2005 — the same year his brother entered Congress — when he quit his law practice to start Wind Capital Group LLC to develop wind energy in Missouri. At first, business wasn’t so great, and the Lost Creek project was put on hold. That is, until the American Recovery and Reinvestment Act was passed, and along with it, the establishment of the Department of Energy’s loan guarantee program.

That loan guarantee program, it turns out, has since buttered Tom Carnahan’s bread very nicely.

He even admitted as much in a 2009 interview when he said, “We never really liked to say it out loud…A few months ago, the banks were closed…The stimulus changed everything.”

Read more: http://dailycaller.com/2010/09/30/rank-and-file-democratic-congressmans-brother-dependent-on-government-grants-for-companys-success/#ixzz1YtEW6nwc

thus, the Carnahan’s are just offering Obama some buttered bread of their own. That bread just won’t come from MaCarthur’s Bakery in S. St. Louis.

ted c on September 24, 2011 at 12:57 PM

$1 trillion phony dumbocrat stimulust:

Solyndra $535 million
Wind Capital $107 million

wow, a million here, a million there. next thing you know it adds up to real money. I can see November 2012 from my backyard.

skanter on September 24, 2011 at 12:59 PM

This is just the tip of the top.

The Obama-azzcrawling press is too busy to expose the thousands more.

Schadenfreude on September 24, 2011 at 1:00 PM

it is stunning that he would come to Missouri and raise money with another recipient of stimulus cash

NO! Call it what it is! It’s freaking Chicago Style Politics! As for the use of the word “stunning”, won’t that not imply that the person committing the act would show some SHAME?

You’ve got the wrong man, if you expect President EGO to show any SHAME as he panders to his base for MORE MONEY.

Of course SHAME would presuppose the person actually had some ETHICS. But with Barry it’s spelled “Ethic$”.

GarandFan on September 24, 2011 at 1:00 PM

Randy McArthur, the son that has since taken over the bakery, is my neighbor. Really proud of the stand they took on that issue. That’s the kind of thing local businesses need to do more often. It raises awareness – people tend to think about things like that in the abstract, but the McArthur’s really made that issue hit home here in St. Louis.

stldave on September 24, 2011 at 1:00 PM

There’s a sizable minority that wants to push alternative energy at any cost. Even Solyndra making solar panels for $6 and selling them for $3. They are a strong political force. Even though today alternative energy like wind and solar is wimpy and not nearly cost-effective. Not to mention ugly. It’s the feel-good technology of our time. And they want to feel better so we’re going to get more and more of it! I wish they could feel better without pushing this losing technology.

Paul-Cincy on September 24, 2011 at 1:01 PM

I can see November 2012 from my backyard.

skanter on September 24, 2011 at 12:59 PM

Don’t rejoice. The righties are too busy eating each others’ livers, live, on TV.

Obama is teflon and lucky in his adversaries who are mostly wimpy fools.

Schadenfreude on September 24, 2011 at 1:02 PM

Randy McArthur, the son that has since taken over the bakery, is my neighbor. Really proud of the stand they took on that issue. That’s the kind of thing local businesses need to do more often. It raises awareness – people tend to think about things like that in the abstract, but the McArthur’s really made that issue hit home here in St. Louis.

stldave on September 24, 2011 at 1:00 PM

Likewise. It is sad to see some congressman’s brother’s company benefitting from congressman’s vote that subsequently threatens an iconic family business that provides goods that people want. It has been written that man cannot live on bread wind alone./

ted c on September 24, 2011 at 1:04 PM

Looks like the typical soul-less ginger.

Not surprised.

spinach.chin on September 24, 2011 at 1:09 PM

As Smith implied, it just smacks of the crony capitalism we’ve seen on a grander scale with Solyndra and LightSquared.

Nope, same scale. $107 million is quite grand, at least by my standards. So is $25K for a plate of food.

ted c on September 24, 2011 at 1:11 PM

While searching today, I found this. Didn’t know it was on C-Span.
In case anyone may be interested.

Found a couple of flip-flops on Romney, but will post elsewhere.

http://www.c-span.org/Campaign2012/

bluefox on September 24, 2011 at 1:16 PM

So.. Can we call this Solwindra, or Windlyndra?

LegendHasIt on September 24, 2011 at 1:16 PM

The Dems and GOP both do this kind of stuff. The Dems just do it out in the open more (because there is no opposition party).

Between this and paying dead retirees and all the other “waste” in the Federal budget ya think it’s time to adopt the…..

…..THE PAPPY PLAN.

1. Seal the border.
Saves entitlements, reduces crime, saves state budgets by the score.

2. 10% across the board spending CUTS.
I mean cut, not cut the growth, I mean you have a budget of $1 billion this year, next year you have a budget of $900 billion. The year after that you have a budget of $810 billion, and so on.

On #1, haven’t we really been seeing a “NUDGE” of the U.S.A. into the New World Order that Bush 41 espoused since 1988 GOP Convention?

See they talk Reagan into Amnesty in 1986 and then they leave the borders open, prop up the corrupt Mexican government with the mighty U.S. dollar being sent back to Mexico by illegals in the U.S. and then the strain on the U.S. budgets start to drag down the U.S. economy and FORCE the U.S. into accepting a greater global governance.

nnnnnnah…..nevermind, never happen.

PappyD61 on September 24, 2011 at 1:20 PM

The culture of corruption runs very deep with the Democrats. They are despicable people.

crosspatch on September 24, 2011 at 1:23 PM

Obama is still sending our hard earned money to buy votes for himself . . . Despicable dolt.

rplat on September 24, 2011 at 1:23 PM

A linky (or the correct date) would have been nice.

pain train on September 24, 2011 at 12:50 PM

Ramirez could go all the way on those WH ones and have obama’s ears stickin’ outta something.

Lanceman on September 24, 2011 at 1:26 PM

I’m taking the Fifth, lest I shall be banned.

Knucklehead on September 24, 2011 at 1:32 PM

Don’t know much about Missouri politics, but I do know if I’m reading a story about something stinking there, a “Carnahan” is involved.

Marcus on September 24, 2011 at 1:34 PM

Time to cut the cord between political contributions and government hand-outs. Think reverse McCain-Feingold: Don’t limit contributions, but limit the contributors’ eligibility on the receiving end, using the securities laws’ concept of a “control person” to diqualify “indirect” donors.

Barnestormer on September 24, 2011 at 1:41 PM

No.

Obama is the man of the people. The democrats are the party for the people. The people stand for change. The people stand for just us… The democrats are for the little guy, the minorities, the downtrodden, the destitute. The democrats would NEVER, ever axe somebody to pay fifteen thousand dollars for some franks and beans dinner… The democrats are for the

Oh, wait.

Key West Reader on September 24, 2011 at 1:46 PM

This isn’t “cronyism”, it’s “graft”.

C’mon, people – stop dancing around it – these people are breaking the f-ing law and stealing our money.

Midas on September 24, 2011 at 1:56 PM

Don’t know much about Missouri politics, but I do know if I’m reading a story about something stinking there, a “Carnahan” is involved.

Marcus on September 24, 2011 at 1:34 PM

Glad I’m not the only one that recognized the name…

Midas on September 24, 2011 at 1:57 PM

Odds of this turning into yet another government greendoggle?

37% and rising.

trigon on September 24, 2011 at 1:59 PM

This isn’t “cronyism”, it’s “graft”.

C’mon, people – stop dancing around it – these people are breaking the f-ing law and stealing our money.

Midas on September 24, 2011 at 1:56 PM

New White House NSFW.

Key West Reader on September 24, 2011 at 2:16 PM

Wasn’t it Russ Carnahan’s Town Hall meeting where Ken Gladney was assaulted?

(Then the prosecutor stalled around and finally assigned the case to a kid who had never tried a case before, to go up against the high-powered big buck lawyers hired by the union to defend.)

Coincidence or connection to Tom Carnahan?

novaculus on September 24, 2011 at 2:16 PM

Along with aforementioned Democratic politician siblings, Tom is also the son of the late Mel Carnahan(D) — governor of Missouri from 1993-2000.

eforhan on September 24, 2011 at 2:27 PM

Wasn’t it Russ Carnahan’s Town Hall meeting where Ken Gladney was assaulted?

(Then the prosecutor stalled around and finally assigned the case to a kid who had never tried a case before, to go up against the high-powered big buck lawyers hired by the union to defend.)

Coincidence or connection to Tom Carnahan?

novaculus on September 24, 2011 at 2:16 PM

Yep, the union thugs were also given the wink and nod to do what they needed to a day or 2 prior on a conference call with union leaders, if I recall correctly.

Before that, his July 2009 town hall meeting was one of the first that got some national attention. Partly for his stupidity but mostly for the reactions of his audience.

Link

stldave on September 24, 2011 at 2:38 PM

the 350MW number, as in all wind power, is the nameplate capacity. As with everything else, the left always lies. Generally the average output of a windfarm is at most 20 percent of capacity because the wind speed is too slow, or too fast. Or X are down because of some failure.

I was watching a small piece of cspan last night and there was a bozo from a solar lobbying group on. One of the calls was from a guy really into solar (he may have been a dealer). The host asked what happens when it is rainy like it was in DC today. The liar of course didn’t answer that question, instead said said that solar panels are very good even with a foot of snow in New England. Well, that is only if you shovel the snow off the panels (without damaging the solar cells)

Wind and solar are largely a scam. In an earlier, non-leftist age, these people would have been run out of town. Boondoogle is too mild a word for it. Corrupt Central Planning comes closer. If leftist central planning worked the USSR would be a world power today.

r keller on September 24, 2011 at 3:00 PM

The perennially political Carnahan family is much entrenched in Missouri politics and has a big bad machine to back ‘em up.

This lil ditty about their wind farm windfall is from 2009.

locomotivebreath1901 on September 24, 2011 at 3:19 PM

Mel Carnahan goes down in a plane and the rest of the clan think they are the Ozark Kennedy’s for the love a mike.

May they ALL settle to the level they deserve.

golfmann on September 24, 2011 at 4:05 PM

The Wind Capital Group spokesman is Tony Wyche.  Tony is married to Sara Howard, who is no Russ Carnahan’s communications director for this election campaign.   Tony was Robin Carnahan’s spokesman for her Secretary of State reelection run, in addition to his duties for Tom.

Sometimes I wonder if there are only like five Democrats in Missouri, but they all belong to 30 coalitions and have 40 jobs apiece.  The same names keep popping up – and they’re always getting government money for something.

That’s what is most offensive.  The Carnahan’s may not be shaking down investors in backrooms individually, but the policies they support are that mix of public/private investing that always seems to make the family of politicians rich.

All for your own good, of course. 

http://www.24thstate.com/2009/12/carnahan-family-gets-big-windfall.html

golfmann on September 24, 2011 at 4:13 PM

Most ethical administration evah! Thank gawd Pelosi drained the swamp!

sgtstogie on September 24, 2011 at 4:14 PM

Incompetent crooks.

Basilsbest on September 24, 2011 at 7:48 PM

Now there’s some loopholes I’d like to see closed.

lynncgb on September 24, 2011 at 8:28 PM

If producers are taxed by rulers to support cronies and classes who use some of their receipts to fund the election of more such rulers, by what means can the cycle be broken? If one had worms, one would take a drug to remove them, for they have no legal protection, as yet. The case of political parasitism seems different inasmuch as, in general, the taxes are held to be lawful, the transfers to supporters are held to be lawful, the supporters’ acceptance of and dependency on the transfers are held to be lawful, their campaign contributions are held to be lawful, the elections are held to be lawful, and the resulting new laws are held to be lawful. Are you not obligated by the laws to lie there and be consumed?

Marsili.us on September 24, 2011 at 11:27 PM

We’ve been having this problem for a long time. At LEAST sine FDR times & further back.
Let’s be honest with ourselves.
The GOP & Dems are all crony capitalists.
I like real capitalism.
Where the weak are weeded out naturally & not though big business’s partnership with the Federal Govt that weeds out its competition for it without them really working for that themselves.
Not all big biz deserves to fail.
But I would wager a high % of them do right now.

Badger40 on September 25, 2011 at 8:55 AM

It will produce 350mwh over what time span?

preallocated on September 25, 2011 at 4:56 PM

The fact that someone with the last name Carnahan in Missouri is getting this kind of federal money should be an eyebrow raiser all by itself.

Conservative in NOVA on September 26, 2011 at 10:42 AM

This is the root of the problem in California politics – but its public employee unions are enormously powerful. They get folks elected who give them sweetheart deals, even as the rest of the state is tanking. It’s one of the reasons Gray Davis was ousted years back. Ahnold did little to quell it; he turned out to be little more that a narcissistic girly-man. Jerry Brown is shamelessly in bed with them.

As beautiful as it is, I swear, if we could do it, my wife and I would be gone from this suicidal state tomorrow. The libs here keep electing the same buffoons and wonder why it’s all falling apart.

Venril on September 26, 2011 at 3:51 PM