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Obama, Clinton Foundation Donors Sold ‘Green’ Fuel to Military for $149 per Gallon

San Francisco’s Solazyme also received millions in stimulus funds from DOE

by Ali Meyer     •     Washington Free Beacon

Strains of algae are shown in the strain room of Solazyme in South San Francisco, Calif. / AP

The CEO and Board of Directors of Solazyme, a company the military paid $149 per gallon for “alternative” fuel, have donated more than $300,000 to Democratic candidates and committees, according to a Washington Free Beacon analysis.

Recipients of significant donations included the Obama Victory Fund and the Democratic National Committee. Additionally, Solazyme donated between $100,000 and $250,000 to the Bill, Hillary, and Chelsea Clinton Foundation.

A Congressional Research Service (CRS) report found that the Department of Defense (DOD) paid Solazyme $149 per gallon for fuel made of algal oil, costing taxpayers a total of $223,500 in 2009. The group also received a $21 million stimulus grant from Department of Energy in 2009.

“Based in South San Francisco, Solazyme’s mission is to improve our lives and our planet by producing sustainable, high-performance oils and ingredients derived from microalgae,” the company states. Solazyme claims that their process serves as a better alternative to limited resources such as petroleum, vegetable oils, and animal fats. Continue reading


There Is No Santa Claus and Bill Clinton Was Not an Economic Savior

“In Washington it is common to tout the budget surpluses of the Clinton years as some momentous achievement, as though the point of economic policy is to run budget surpluses. Of course the point of economic policy is to produce an economy that improves the lives of the people in a sustainable way. Clinton badly flunked this test.”

bubble-burstby Dean Baker

The truth is often painful but nonetheless it is important that we live in the real world. Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that President Clinton’s policies sent the economy seriously off course.

In Washington it is common to tout the budget surpluses of the Clinton years as some momentous achievement, as though the point of economic policy is to run budget surpluses. Of course the point of economic policy is to produce an economy that improves the lives of the people in a sustainable way. Clinton badly flunked this test.

The Clinton economy was driven by a stock bubble. This is not a debatable point. The ratio of market-wide stock prices to corporate earnings was well over 30 to 1 at the peak of the bubble in 2000. This is more than twice the historic average. Continue reading