The Democrat Party has been very good to millionaires and billionaires, provided they line up ideologically with the hard left’s platform of “fundamental transformation.” What does that mean, exactly? It means selective accountability, crony corporatism, and endless perks redistributed from American serfs to those loyal to the party above all, including the country and its Constitution.
Green energy scamufacturer Tesla Motors is the latest case-in-point. The recipient of a $465 million subsidized loan, the predictably bankrupt company’s CEO just bought himself a $17 million mansion — living large, Obama-style.
Wynton Hall at Breitbart.com gives the overview:
Taxpayers footed the bill for a $465 million loan to troubled electric carmaker Tesla as part of President Barack Obama’s “green energy” stimulus. But Tesla’s CEO Elon Musk is now riding high with the purchase of his new $17 million mansion.
Just like Solyndra, Abound Solar, and other green energy grifters, left-friendly corporations like Google know that they can keep tax loopholes in place and get taxpayer-subsidized loans in exchange for contributions to the Democrat Party. Bailed out banks, huge, clunky corporations like General Motors, and disastrous government-sponsored enterprises (GSEs) can count on the government to force taxpayers to pay the cost for their business failures.
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