Solyndra is Now a Full-Blown Obama Scandal
Andrew Stiles has a post about it up at NRO, based on a new story from the Washington Post. Check this part out.
The Obama White House tried to rush federal reviewers for a decision on a nearly half-billion-dollar loan to the solar panel manufacturer Solyndra so Vice President Biden could announce the approval at a September 2009 groundbreaking for the company’s new factory, newly obtained e-mails show…
The August 2009 e-mails, released toThe Washington Post, show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to the e-mails, which were provided by Republican congressional investigators...
The Obama White House was so concerned about a press event that it pushed OMB to approve the money for Solyndra. As Stiles says, that just epitomizes this administration -- appearance ahead of sound policy by a mile. Is TOTUS setting the president's schedule now?
The US taxpayers lost half a billion on this deal, which will be the subject of House hearings tomorrow. But don't worry -- the Obama White House is pushing yet another pile of your cash toward yet another "green" company.