• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Video: Obama Bundler George Kaiser Discusses Securing Stimulus Funds

    This morning Scribe wrote about the tendency of large government interventions in the economy to nudge private economic actors into the political sphere, where they can curry favor with the people controlling the (massive) purse strings.

    The video above, via KFAQ Radio in Tulsa, OK, shows billionaire oilman George Kaiser, a major Obama donor and key investor in bankrupt solar company Solyndra, discussing President Obama’s stimulus package as just what it was: a tremendous source of money available to the politically connected – to people like Kaiser.

    “There’s never been more money shoved out of the government’s door in world history, and probably never will be again, than in the last few months and in the next 18 months,” Kaiser tells the crowd.

    Kaiser is discussing securing money for his foundation for projects in the Tulsa area, but it’s clear that he realizes the potential of the stimulus as a financing mechanism generally.

    The video was taken on July 8, 2009, mere months after Kaiser made his four visits to the White House, which were followed shortly thereafter by Energy Secretary Steven Chu’s announcement that Solyndra had received a $535 million loan guarantee.

    In other words, by the time Kaiser gave the speech in this video, he had learned first-hand the benefits that could be reaped from the most massive disbursement of government money in world history.

    Posted in Ongoing Priorities, Scribe [slideshow_deploy]

    3 Responses to Video: Obama Bundler George Kaiser Discusses Securing Stimulus Funds

    1. Bobbie says:

      Mr. Kaiser forgot to include fraud and corruption with his "SELFISH"NESS! and who trusts a man that rubs his nose with his hands!!!!

    2. Del in Virginia says:

      Rotary should be ashamed of themselves for applauding this charlatan!

    3. David says:

      This kind of thinking is widespread and a major cause of our economic problems.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×