After First Wind hired lobbyist Larry Rasky, the press secretary for then Sen. Joe Biden’s 1988 presidential campaign and a bundler who pledged to raise over $500,000 for Obama’s 2012 presidential campaign, the company secured over $500 million in government energy loans and grants. For his services, First Wind paid $405,000 between the first quarter 2009 and the third quarter 2011 to Rasky Baerlain Strategic Communications, the lobbying/public relations firm with offices in Boston and Washington.
SunEdison’s bankruptcy should call national attention to the economic reality that the underperforming renewable energy sector is collapsing under a mountain of debt, including hundreds of billions in federal government loan guarantees issued under various Obama stimulus programs. Moreover, it should reveal to the American taxpayer a massive network of green energy corruption that touches both Barack Obama and Hillary Clinton, as well as many of their political campaign donors, including several Wall Street investment funds and related hedge fund investors, as well as close Democratic Party-affiliated political associates. The wide net of green energy corruption also threatens to involve Republicans Ted and Heidi Cruz through their close association with Goldman Sachs, one of the prime Wall Street investment firms bankrolling the green energy revolution.