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‘Independent’ reviewer of green loans program an Obama donor

By Doug Powers  •  August 23, 2012 01:43 PM

**Written by Doug Powers


Over ten years ago when my wife and I were in the process of buying a house, we had to have the place inspected as part of the loan process. The inspector noticed a couple of relatively minor things that needed repair in order to satisfy the bank. I asked him if he would fix the problems, and he replied “I don’t do work on any house I inspect.” The reason became immediately obvious, but those kinds of interminglings can happen in politics and we’re expected to believe everything’s on the up and up just because they say so:

A veteran Wall Street executive who performed an independent review that exonerated the Obama administration’s program of loans to energy companies contributed $52,500 to re-elect President Barack Obama in the months since completing his work, according to an Associated Press review of campaign records. The executive defended the integrity of his conclusions and said he decided to donate to Obama after his work was finished.

The campaign contributions to Obama started just weeks after Herbert M. Allison Jr., in congressional testimony in March, minimized concerns that the Energy Department was at high risk in more than $23 billion in federal loans awarded to green energy firms. Two weeks later, Allison began giving to the Obama campaign. His contributions to Obama and the Democratic National Committee totaled $52,500 by last month. Allison previously was the former head of the government’s mass purchase of toxic Wall Street assets.

Also, Allison curiously decided not to include the dynamic taxpayer-funded bankruptcy duo of Solyndra and Beacon Power in his review, which concluded that the DoE’s loan program wasn’t a waste of taxpayer dollars. That’s like commissioning a study of the effects of oil spills on US coastlines without factoring in the Exxon Valdez and BP disasters.

I guess we should cue Drebin on this:


Any chance of getting an independent review of the independent review? I see a guy over there in a “Forward” shirt who looks fairly objective. This matches up nicely with the “independent” study of Obama’s tax plan that was co-written by a former Obama staffer. Five out of five independent reviewers agree: Obama’s awesome!

But no worries — there weren’t any preconceived notions. It wasn’t until the conclusion of his independent review that Allison suddenly realized Obama’s goals were worth pursuing:

Allison defended the integrity of his review in an interview with The Associated Press. He said that he did not make the decision to back a presidential candidate until after he had finished his work and that his selection was approved by Energy Department lawyers before he began his review last October to “ensure there was no hint of bias or conflict of interest.”

Allison said he made his decision to support Obama after he saw “his administration in action and decided that I believe broadly in the things he’s trying to accomplish.”

How much more independent can you get? It happens all the time. Rumor has it that Ken Starr bought Monica Lewinsky a new dress two weeks after releasing the Starr Report, but that doesn’t mean his independence was compromised during the investigation. (Previous sentence sponsored by SarcMark™)

Here are the dates of a few of Allison’s recent donations:


Naturally the Obama campaign will insist the money be returned to avoid any appearance of impropriety (pause for laughter).

Allison has also given money to Republicans in the past, though in much lower amounts than he recently gave Obama and the Democrats after his clean energy loan awakening:

Watch the latest video at video.foxnews.com

**Written by Doug Powers

Twitter @ThePowersThatBe

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