Friday, September 23, 2011

Stimulus: Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state

Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4. - Politico

His investment firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri.

Republicans argue that it’s inappropriate for the Obama campaign to raise money from a donor who has benefited directly from the Recovery Act.


Obama to raise money at Tom Carnahan's St. Louis home - stltoday

Missouri Republicans today seized on the report of the president's visit, noting the recent criticism of an Energy Deparment loan to Solyndra Inc., the bankrupt California energy company.

Lloyd Smith, executive director of the Missouri Republican Party, said in a statement: "At a time when Barack Obama is under fire for steering hundreds of millions of dollars in stimulus funds to a failed company linked to a major campaign donor, it is stunning that he would come to Missouri and raise money with another recipient of stimulus cash."