Friday, February 17, 2012

Dem convention co-chair's company got $230 million in federal loans for 'green' projects

Jim Rogers, the co-chairman and lead fundraiser for the Democratic National Convention host-committee, is well versed in the art of political cronyism

Just as Rogers has helped fund Democratic politicians, they, in turn, have helped steer massive amounts of federal funding to Duke Energy. The 2009 stimulus package, for instance, was a boon for the company: Duke received federal grants totaling $230.4 million for a number of “green” energy projects including “smart grid” development and wind energy storage.