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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.

Moe Lane

PS: Ed Martin’s running in that district.

Crossposted to Moe Lane.

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COMMENTS

  • http://www.nighttwister.com NightTwister
  • larryp

    The path of the power generated bythe windmills?
    This caller on a radio show in So Calif (Dennis Prager Show) had an intere sting comment. I recall he was from Washington State and said that the utility was mandated to buy the power from these projects. He also stated that the utility, in this area hydro-electric- had to throttle back the water power. Then they had to burn off the power from hydro in order to make room for the other power generating systems such as the wind-blades.
    Prager askedfor the URL on it and moved on. But has anyone heard that these alt power sources can only be used if regular power is scotched?

  • RedBeard

    Profiteering from the Chicken Little Environmental Model, aided by interest-conflicted politicians?

    Nah. Can’t be.