The firm is called Vantage Point Capital Partners. And Bobby, as he is known on the Ring of Fire talk radio show, is one of the ‘venture partners‘ in Vantage Point. Vantage Point not only creates jobs in China, they have an office in Beijing.
Now I know that you rich republicans out there are always looking for a quick way to make a buck. Did you miss this? I don’t know how I missed this one. BrightSource, a California solar panel company (that is creating jobs in China and Germany).
Check this for a smart investment. And imagine, God forbid, if taxpayer money were put into a company like this?
In 2010, BrightSource was in deep trouble. It was $1.8 billion in debt and was losing money hand over fist–a $71.6 million loss on a mere $13.5 million in revenue. A company destined to go down the drain, one would think. But no! The Obama administration bailed out BrightSource to the tune of a cool $1.4 billion in loan guarantees.
With as poor an investment picture as you could possibly imagine, can you imagine the excitement at Vantage Point when they learned that the Department Of Energy was going to give them a $1.4 Billion loan guarantee? A loan guarantee?
Taking a gamble that no investor would take, Obama’s energy department rolls the dice in a game that you would not play. What, $1.4 billion and no “thank you” from Bobby?
And for a real eye-opener from, or about, this most open and transparent administration, look how contributors become government employees or get their company bailed out, or both. You might be surprised to also see the presence of many of the Soros-backed organizations in the company and in the administration.
As the Church Lady would say, Isn’t that special?
Links: