2/17/2012

Obama made a lot of wealth Democrats a lot wealthier

Here is yet another example.

Jim Rogers, the co-chairman and lead fundraiser for the Democratic National Convention host-committee, is well versed in the art of political cronyism.

Rogers, the CEO of Duke Energy Corp., one of the largest utility corporations in the country, has given generously to Democratic politicians over the years. Along with his wife, Mary Anne, he has contributed more than $210,000 to Democratic candidates and committees since 2008, more than double what the couple has given to Republicans. Of that figure, more than $150,000 went to the Democratic National Committee (DNC); $19,200 went to President Obama.

Rogers is co-chairing the host committee with Charlotte Mayor Anthony Foxx (D), who was elected to a second term in November 2011. Rogers and his wife both contributed $8,000 to Foxx’s campaign, the maximum allowed under state law. . . .

Just as Rogers has helped fund Democratic politicians, they, in turn, have helped steer massive amounts of federal funding to Duke Energy. The 2009 stimulus package, for instance, was a boon for the company: Duke received federal grants totaling $230.4 million for a number of “green” energy projects including “smart grid” development and wind energy storage.

According to Recovery.gov, Duke created 196.6 jobs as a result of the grants. . . .

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