We are the 99%!

But not that 99%…we are in the 99% not running a federally funded “green company”.

Apparently being in the 1% means you have to work for one of Obama’s pet green energy companies. From ABC’s Brian Ross:

President Obama’s Department of Energy helped finance several green energy companies that later fell into bankruptcy — but not before the firms doled out six-figure bonuses and payouts to top executives, a Center for Public Integrity and ABC News investigation found.

Take, for instance, Beacon Power Corp., the second recipient of an Energy Department loan guarantee in 2009. In March 2010, the Massachusetts energy storage company paid cash bonuses of $259,285 to three executives in part due to progress made on the $43 million energy loan, Securities and Exchange Commission records show. Last October, Beacon Power filed for Chapter 11 bankruptcy.

EnerDel, maker of lithium-ion battery systems, landed a $118.5 million energy grant in August 2009. About one-and-a-half years later, Vice President Joe Biden toured a company plant in Indiana and heralded its taxpayer-supported expansion as one of the “100 Recovery Act Projects That Are Changing America.”

Two months after Biden’s visit, EnerDel corporate parent Ener1 paid $725,000 in bonuses to three executives — including $450,000 to then-CEO Charles Gassenheimer, who led Biden on the tour. This January, Ener1 filed for Chapter 11 bankruptcy protection.

At least two other firms that benefited from Energy Department funding — one a $500,000 grant, the other a $535 million loan guarantee — handed out hefty payouts to executives and later went bankrupt.

What is the Administration doing about it?

They are going to write them a strongly worded letter:

The Department of Energy, asked about the payments examined by the Center and ABC, said it is troubled by the practice and intends to convey that message to loan recipients.

Sort of like this:

Remember in 2009 when the Wall Street/AIG execs were proposed to be hanged?

President Barack Obama sought to claw back bonuses paid to employees of insurer AIG on Monday, expressing outrage that taxpayer money was used to reward executives at the bailed-out firm.

Though the insurance giant is being kept alive on a government bailout of up to $180 billion, it is now paying out $165 million in bonuses.

“This is a corporation that finds itself in financial distress due to recklessness and greed,” Obama said.

“Under these circumstances, it’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay,” he said at the White House.

“How do they justify this outrage to the taxpayers who are keeping the company afloat?”

Obama said he had ordered Treasury Secretary Timothy Geithner to pursue “every single legal avenue” to cancel the bonuses and a Treasury official said later it would modify a planned $30 billion capital infusion for American International Group to try to recoup the bonuses.

White House spokesman Robert Gibbs said the Treasury could impose rules on the $30 billion loan facility for AIG but declined to go into specifics or spell out ways the legal avenues available to the administration to block the payments.

Obama said Geithner was working on the problem.

So where is Obama’s “outrage” now?

That was then – this is now, I guess…

Go have a look at the ABC link – there are more examples of this financial malfeasance with your tax dollars. You may express shock that a mainstream outlet would be so critical of Obama but it is about spreading the meme – no other outlet will stoke the flames of what should be a major and political career ending scandal. Compare this to the Rush Limbaugh/Sandra “Slut” Fluke “scandal” – if this “green” mess got the same kind of coverage that Rush got, Obama would be facing impeachment.