Earlier this month the Washington Post's Carol Leonnig reported that the former vice president's wealth is today estimated at $100 million, up from less than $2 million when he left government service on a salary of $181,400. How did he make this kind of money? It wasn't his share of the Nobel Peace Prize. Nor was it the book and movie proceeds from "An Inconvenient Truth."
Instead, as Ms. Leonnig reports, "Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama's historic push to seed a U.S. renewable-energy industry with public money."
That's nice work if you can get it—at least if you're on the investment-management end of the deal. But what if you're on the worker-bee end?
The Post story mentions one of the beneficiaries of Mr. Gore's investment acumen, Milwaukee-based Johnson Controls, which won a $299 million award from the federal government in 2009 to make electric-car batteries. Here's how that worked out:
"The company has dramatically scaled back, after executives concluded demand for electric cars was far lower than the administration forecast. The factory outfitted with stimulus funds is nearly idle, and plans to build a second plant have been postponed."
An Inconvenient Truth: Al Gore stole $100 million taxpayer dollars, for a massive failure.