FRONT PAGE CONTRIBUTOR
Doing well by being a Congressman’s brother?
It’s amazing what they don’t mention in the news these days:
Wind Capital Group, led by President Tom Carnahan, said Monday it has closed on financing for Missouri’s largest wind energy development.
The lenders, led by Nord/LB, Bayern LB, Rabobank, Santander and Union Bank, are providing $240 million in debt facilities to support the construction and operation of the proposed Lost Creek Wind Project in DeKalb County, Mo. The debt facilities consist of a construction loan, term loan and letter of credit.
The project also is seeking $90 million in aid through the federal stimulus package.
Like, for example, that ‘seeking’ in this context effectively means ‘calling up your brother the Congressman’ (as Dana Loesch helpfully points out). Or that this project needs both stimulus money and a cap-and-trade bill to pass in order to survive (as 24thstate.com helpfully points out).
I’d ask why Russ Carnahan felt comfortable voting for legislation that would directly benefit his brother, except that I already know that Democratic legacy politicians typically don’t believe that they have to obey the rules that they expect the rest of us to follow. Given the incredible amounts of deference that the rest of their party gives them, they may unfortunately have a bit of a point.
PS: Ed Martin’s running in that district.
Crossposted to Moe Lane.