Tuesday, February 09, 2010

Wall-to-wall corruption

 How many companies get endorsed
by the president of the United States?

 Add "Teapot Dome" to the list of scandals the Obama Administration has parallels with.

Boned Jello

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.
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.

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.  

Boned Jello

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.




OregonGuy said...

Imagine the savings one can achieve when one isn't encumbered by time and distance. Got a policy question? Just roll over in bed.


I'm sure this synergy will produce great benefits for our nation.

cmblake6 said...

Sittin' here scratchin' mah head boss. Cain't figger out what you could possibly mean! </sarc

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