Obama Nationalizes 4 Wind Farms By Executive Order

 

Didn't we get pissed when the likes of Hugo Chavez and other tin horn dictators do this to the United States?
From the White House:

REGARDING THE ACQUISITION OF FOUR U.S. WIND FARM PROJECT COMPANIES BY RALLS CORPORATION

By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 721 of the Defense Production Act of 1950, as amended (section 721), 50 U.S.C. App. 2170,
Section 1. Findings. I hereby make the following findings:
(a) There is credible evidence that leads me to believe that Ralls Corporation (Ralls), a corporation organized under the laws of Delaware, and its subsidiaries, and the Sany Group (which includes Sany Electric and Sany Heavy Industries), a Chinese company affiliated with Ralls (together, the Companies); and, Mr. Dawei Duan (Mr. Duan) and Mr. Jialing Wu (Mr. Wu), citizens of the People's Republic of China and senior executives of the Sany Group, who together own Ralls; through exercising control of Lower Ridge Windfarm, LLC, High Plateau Windfarm, LLC, Mule Hollow Windfarm, LLC, and Pine City Windfarm, LLC (collectively, the Project Companies), all limited liability companies organized under the laws of Oregon, might take action that threatens to impair the national security of the United States; and
(b) Provisions of law, other than section 721 and the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), do not, in my judgment, provide adequate and appropriate authority for me to protect the national security in this matter.
Sec. 2. Actions Ordered and Authorized. On the basis of the findings set forth in section 1 of this order, considering the factors described in subsection 721(f), as appropriate, and pursuant to my authority under applicable law, including section 721, I hereby order that:
(a) The transaction resulting in the acquisition of the Project Companies and their assets by the Companies or Mr. Wu or Mr. Duan is hereby prohibited, and ownership by the Companies or Mr. Wu or Mr. Duan of any interest in the Project Companies and their assets, whether directly or indirectly through owners, subsidiaries, or affiliates, is prohibited.  http://www.whitehouse.gov/the-press-office/2012/09/28/order-signed-president-regarding-acquisition-four-us-wind-farm-project-c
So, wind farms are now national security risks?
Now, the company is suing the U.S.: A small Chinese company sued President Barack Obama for squashing its wind farm projects that were close to a military training site, saying the president overstepped his bounds and the law, according to court documents made public on Tuesday.

Ralls Corp said when Obama ordered the company last week to divest its projects due to national security risks, he exceeded his power by dictating the terms of the sale, allowing the government to inspect all aspects of its operations and not treating the company equally as required under the law.   http://www.huffingtonpost.com/2012/10/02/ralls-corp-sues-obama_n_1932786.html
Obama is acting like a tin horn dictator by stealing this company's assets under the guise of national security.  What's next?  Taking over the Las Vegas Motor Speedway because it is across the street from Nellis AFB?
What a fricking jackass.