Liberal writers Jonathan Cohn and Mike Grunwald posit that there is no cronyism in the stimulus. Their proof? “[B]y the end of 2011, independent investigators had documented only $7.2 million in fraud, about 0.001%,” Grunwald writes in Time.
But “fraud” is not the same thing as cronyism. What if companies used political connections to increase their odds of winning a loan or a loan guarantee. For instance, watch this video of Congressman Jim Jordan questioning Jim Woolard, CEO of solar company BrightSource, whose former board member John Bryson became Obama’s Commerce Secretary. You’ll learn about emails communicating White House support to DOE officials.
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