Serious Materials is little
window company that's "booming," says Fortune. "On a roll," according
to Inc. magazine, which put Serious' CEO on its cover, with a story
titled: "How to Build a Great Company". Wow, great story of the little engine what could, wot?
Not quite sash breath.
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Vice
President Joe Biden appeared at the opening of one of its plants. CEO
Kevin Surace thanked him for his "unwavering support." "Without you and
the recovery ("stimulus") act, this would not have been possible,"
Surace said.
Biden returned the compliment: "You are not just churning out windows;
you are making some of the most energy-efficient windows in the world.
I would argue the most energy-efficient windows in the world."
Gee, other window-makers say their windows are just as energy efficient, but the vice president didn't visit them.
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When the CEO said that opening his factory wouldn't have been
possible without the Obama administration, he may have known something
we didn't. Last month, Obama announced a new set of tax credits for
so-called green companies. One window company was on the list: Serious
Materials. This must be one very special company.
But wait, it gets even more interesting, says John Stossel in his Real Clear Politics report. |
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On my Fox Business Network show on "crony capitalism",
I displayed a picture of administration officials and so-called "energy
leaders" taken at the U.S. Department of Energy. Standing front and
center was Cathy Zoi, who oversees $16.8 billion in
stimulus funds,
much of it for weatherization programs that benefit Serious.
The interesting twist is that Zoi happens to be the wife of Robin
Roy, who happens to be vice president of "policy" at Serious Windows.
Of all the window companies in America, maybe it's a coincidence
that the one which gets presidential and vice presidential attention
and a special tax credit is one whose company executives give thousands
of dollars to the Obama campaign and where the policy officer spends
nights at home with the Energy Department's weatherization boss.
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