Soros, Obama and Crony Capitalism


George Soros, funder of all things progressive, is starting a “green energy” hedge fund that will profit from the policies enacted by his political beneficiaries. My, isn’t that convenient?

George Soros — whom we’re always told is not serving his own economic interests at all by promoting liberal politicians and big-government policies — is launching a new investment fund that plans to profit off of the “green energy” boom, which is entirely dependent on government subsidies supported by the groups Soros funds.

As the press release puts it, this fund will “leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications.” As Soros puts it in the same release: “Developing alternative sources of energy and achieving greater energy efficiency is both a significant global investment opportunity and an environmental imperative.” Cadie Thompson at CNBC’s NetNet flagged this.

So, yeah. The big-government policies advanced by the liberal outfits he funds — like Center for American Progress — will enrich the companies in which Soros is investing.

But this story gets better.

Oh yes, it does get better. Soros hired Cathy Zoi to run his new hedge fund, the same Cathy Zoi who worked for the Obama administration at the same time the President and Vice President were touting her husband’s company that they showered with taxpayer dollars. Now Zoi and Soros stand to profit from the policies she helped put into place.

Crony capitalism at its most grotesque.

Don’t expect any coverage from the MSM. When you turn on the TV in the morning you’ll probably hear about “tax breaks” for those evil oil companies. Most are non-union, so Obama doesn’t give a hoot if he kills off those jobs. He’s gotta keep his friends happy, dontcha know.

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Update: Linked by The Other McCain – thanks!

Linked by Paco Enterprises – thanks!

James Board linked – thanks!