• Crony Capitalism Again

      I’ve reported on a remarkable little window company, Serious Materials.

      Somehow, that little company got personal endorsements from both President Obama and Vice President Biden.  Biden appeared at the company and told them:

      You are making some of the most energy efficient windows in the world.  I would argue THE most energy efficient windows in the world.

      How did he know?  And of all the window companies in America, why does just that one get Presidential and Vice Presidential attention, plus a special tax credit? Maybe because Serious executives gave thousands of dollars to the Obama campaign?  Maybe because the energy department official who gives out government grants, Cathy Zoi, is the wife of the Vice President of Policy of Serious Windows?

      No.  Probably had nothing to do with it.

      A Serious spokeswoman called to say my story was full of lies, but wouldn't say what those lies were.

      Now Tim Carney reports:

      ...that “George Soros -- whom we're always told is not serving his own economic interests at all by promoting liberal politicians and big-government policies -- is launching a new investment fund that plans to profit off of the "green energy" boom…”

      The press release casually mentions whom Soros is hiring to run this new fund: Cathy Zoi.

      The very same Cathy Zoi whose husband’s company got all that help from the administration?   You bet.

      The Freedom Foundation of Minnesota put it this way:

      "Ms. Zoi is married to Robin Roy, a top executive at Serious Materials, a privately held manufacturer of 'sustainable green building materials' located in California. On the Executive Branch Personnel Public Financial Disclosure submitted by Ms. Zoi to the White House Ethics office as part of her confirmation, Ms. Zoi disclosed ownership with her spouse of 120,000 vested and unvested stock options in Serious Materials, a company her office regulates and that she may profit from."

      Oh yeah, Serious Materials pocketed federal stimulus money, too.

      Crony Capitalism
      Give Me a Break
      Green Energy