Obama Donor Conducted Review of Obama’s Energy Loans

Thursday, August 23rd, 2012 and is filed under News

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Talk about the fox guarding the hen house!  Remember that audit which supposedly showed Obama’s DOE loan programs to be fiscally sound?  It was conducted by a man who donated $52,000 to Obama, according to the AP:

WASHINGTON (AP) — A veteran Wall Street executive who performed an independent review that exonerated the Obama administration’s program of loans to energy companies contributed $52,500 to re-elect President Barack Obama in the months since completing his work, according to an Associated Press review of campaign records. The executive defended the integrity of his conclusions and said he decided to donate to Obama after his work was finished.

The campaign contributions to Obama started just weeks after Herbert M. Allison Jr., in congressional testimony in March, minimized concerns that the Energy Department was at high risk in more than $23 billion in federal loans awarded to green energy firms. Two weeks later, Allison began giving to the Obama campaign. His contributions to Obama and the Democratic National Committee totaled $52,500 by last month. Allison previously was the former head of the government’s mass purchase of toxic Wall Street assets.