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Unbelievably, the administration maintains that this has nothing at all to do with Mr. Obama’s campaign. Gil Goldberg, who runs the SBA’s Cleveland district office, acknowledged that his agency made the White House aware of the loan to the dairy owner, but said that “politics did not enter into it all.” Sure.

Politics has permeated every policy action undertaken in the Obama White House since his very first day in office, especially in the hundreds of billions of dollars it doles out each year to special interests, often with political ties to his administration.

This is especially true of clean-energy programs whose direct grants, federally guaranteed loans and tax credits went into green energy deals written and pushed by business cronies who were among Mr. Obama’s biggest campaign fundraisers.

In an exhaustive investigative report on these deals, The Post, which endorsed Mr. Obama in 2008 and likely will do so again, concluded that his green-energy programs were “infused with politics” at every level of the decision-making process.

Mr. Obama’s scandal-ridden, $40 billion job stimulus, clean-energy investment program is awash with bankruptcies marked by thousands of lost jobs and hundreds of millions of dollars in debts that the taxpayers will have to pay off.

Campaign surveys show that Mr. Obama’s record-breaking budget deficits and the government’s mounting debts are near the top of the voters’ chief concerns, just below jobs and the economy. It’s one of the issues that voters say Mitt Romney is better able to handle than the president.

Economists and budget analysts tell me that it’s worse than the public realizes.

“The economy is in the weakest recovery since the Great Depression, unemployment remains unacceptably high, and middle-class prosperity is rapidly vanishing. Federal finances are headed for a Greek-style train wreck by the end of the decade,” says University of Maryland economist Peter Morici.

Meantime, Mr. Obama is spending whatever it takes to keep himself in office for another four, big-spending years.

Donald Lambro is a syndicated columnist and former chief political correspondent for The Washington Times.