We are weeks away from being fully immersed in the 2014 election cycle. Predictions abound, likening the 2014 cycle to 2010—when the House flipped from Democratic to Republican. Only this time, it is the Senate that has the potential to change. Twenty of the 33 seats up in 2014 are currently held by Democrats—more than half of whom are in trouble.
In 2010, Senate Majority Leader Harry Reid was up for reelection—for his fifth term—and he was facing “a ferocious challenge.” He was “in trouble.” Remember, 2010 was the year of Tea Party victory. In light of the mounting government debt, pork barrel spending was no longer vogue. But Senator Harry Reid, apparently, didn’t get the memo. “The 71-year-old one-time boxer touted his ability to bring federal money to his home state—no one could do more,” said the HuffPost coverage of his “surprise” win.
A May 2010 internal email addressing the need to expedite Department of Energy (DOE) green-energy loan approvals for projects in Reid’s district says: “Reid is constantly hit at home for not bringing in the federal dollars.” In the email, reported Obama bundler and former Clinton Administration staffer, Jonathan Silver, who was, at the time, the executive director of the Loan Programs Office, was to assure Reid that he anticipated “a good number of projects to be approved in the coming months.”
Reid saw the potential in green-energy dollars before anyone else. He laid the foundation to allow him to bring home the “federal dollars.”
The White House and DOE insiders helped Reid secure green-energy stimulus funds for his home state of Nevada—which he touted in his 2010 campaign. He is tied to more than $3 billion of taxpayer money—currency that created just over 200 permanent jobs.
The Washington Times reported: “Mr. Reid, a Nevada Democrat, who led passage of the $814 billion stimulus bill and worked to include the loan guarantee program to help finance clean-energy projects…” The 2009 stimulus package—the American Recovery and Reinvestment Act (ARRA)—was jammed-packed full of clean-energy provisions, about 10 percent (nearly $100 billion) of the monies were earmarked for renewable energy.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 24th, 2014 | John Ransom