By ALEXANDER BURNS | Politico
President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.
Tom Carnahan, a scion of Missouriâ€™s most prominent Democratic political family, is listed on Obamaâ€™s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4.
His energy development firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri.
Republicans argue that itâ€™s inappropriate for the Obama campaign to raise money from a donor who has benefited directly from the Recovery Act.
Missouri Republican Party executive director Lloyd Smith compared the situation to the Solyndra affair, in which the Obama administration reportedly rushed federal support to a green-energy firm that subsequently collapsed.
â€œAt a time when Barack Obama is under fire for steering hundreds of millions of dollars in stimulus funds to a failed company linked to a major campaign donor, it is stunning that he would come to Missouri and raise money with another recipient of stimulus cash,â€ Smith said in a statement to POLITICO. â€œSadly, Missourians have come to expect this kind of pay-to-play from the Obama administration. November 2012 can’t come soon enough.â€
To read more, visit: Â http://www.politico.com/news/stories/0911/64276.html
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