The Energy Loan Scandal as a Non-story
By Arnold Kling
as Hoover Institution scholar Peter Schweizer reported in his book, “Throw Them All Out,” fully 71 percent of the Obama Energy Department’s grants and loans went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” Collectively, these Obama cronies raised $457,834 for his campaign, and they were in turn approved for grants or loans of nearly $11.35 billion.
If our political digestive system were functioning properly, it would vomit out the energy loan program and the people responsible. There would be daily front-page headlines in the newspapers. Congressional hearings would feature harsh attacks by Democrats as well as Republicans and be carried live by all major news channels. Steven Chu would be as generally reviled as Bernie Madoff. There would be a special prosecutor operating and talk of impeachment.
Instead, this has produced among left-of-center politicians and pundits little concern, much less outrage. My fear is that what will emerge is a pattern in which Republican scandals are ignored by the right and Democratic scandals are ignored by the left. The result will be a spiral of ever-worsening corruption.