A California venture capitalist whose affiliated companies have received more than $100 million in tax credits from the government has given a rare glimpse into how Washington distributed money to green energy firms.
In a video recently posted to YouTube from 2009, investor Paul Holland described — in an off-color anecdote — the reaction when a Department of Energy official attended a meeting with other investors to announce he was dispersing billions in federal funds. In doing so, he pulled back the curtain ever so slightly on the first steps the Obama administration took to distribute the money.
Holland said: “He came in to do his talk and opened his talk with, ‘I’m Matt Rogers I’m the special assistant to the Secretary of Energy and I have $134 billion I have to disperse between now and the end of December.’
“So upon hearing that I sent an email to my partners that said Matt Rogers is about to get treated like a hooker dropped into a prison exercise yard.”
Rogers prefaced the remark by saying it’s a “little bit off color.” The crowd laughed anyway.
But the Republican National Committee, which posted the video to YouTube, didn’t think it was so funny.
“As we learn more about the Obama administration’s penchant for rewarding campaign donors with millions in taxpayer dollars meant to stimulate the economy and create jobs, it’s clear Obama doesn’t value our tax dollars,” RNC spokeswoman Kirsten Kukowski told FoxNews.com.
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