Posted on 09/13/2011 6:11:45 PM PDT by MissesBush
Newly uncovered emails show the White House closely monitored the Energy Department's deliberations over a $535 million government loan to Solyndra, the politically-connected solar energy firm that recently went bankrupt and is now the subject of a criminal investigation.
The company's solar panel factory was heralded as a centerpiece of the president's green energy plan -- billed as a way to jump start a promising new industry. And internal emails uncovered by investigators for the House Energy and Commerce Committee that were shared exclusively with ABC News show the Obama administration was keenly monitoring the progress of the loan, even as analysts were voicing serious concerns about the risk involved. "This deal is NOT ready for prime time," one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan.
"If you guys think this is a bad idea, I need to unwind the W[est] W[ing] QUICKLY," wrote Ronald A. Klain, who was chief of staff to Vice President Joe Biden, in another email sent March 7, 2009. The "West Wing" is the portion of the White House complex that holds the offices of the president and his top staffers. Klain declined comment to ABC News.
Beginning in March, ABC News, in partnership with the Center for Public Integrity's iWatch News, was first to report on simmering questions about the role political influence may have played in Solyndra's selection as the Obama administration's first loan guarantee recipient. Federal auditors had flagged the loan, saying some applicants had benefitted from special treatment.
The emails were uncovered by investigators for the House Energy and Commerce Committee, which will hold hearings on the Solyndra loan Wednesday.
(Excerpt) Read more at abcnews.go.com ...
...Means, "I dinit do nuttin"!!!
Actually, I think it means, "Oh yeah? And whatcha gon' do 'bout it?"
But, the key is WHO was second guessing the loan. They mention Biden's COS basically saying They will try to talk the WEST WING (IE OBAMA) out of it.
They are insulating Biden from the scandal and making it Obama's. Ask yourself why would they be doing that? Why not throw Biden or a lower staffer under the bus instead of pointing the laser at Obama?
THis smacks of bring down Obama and let Biden keep the chair warm while Hillary runs.....
I posted that on another Solyndra thread. No Dem would run against the first Black president in a primary. But if they can get him to do an LBJ step-down, that would work. When Dems start saying this needs to be “looked into”, it’s over.
MasterGate
http://nation.foxnews.com/solyndra/2011/09/14/bush-admin-voted-against-solyndra-loan
The White House noted to ABC News that the Bush administration was the first to consider Solyndra’s application and that some executives at the company have a history of donating to Republicans.
The results of the Congressional probe shared Tuesday with ABC News show that less than two weeks before President Bush left office, on January 9, 2009, the Energy Department’s credit committee had voted against offering a loan commitment to Solyndra.
Even after Obama took office on Jan. 20, 2009, analysts in the Energy Department and in the Office of Management and Budget were repeatedly questioning the wisdom of the loan. In one exchange, an Energy official wrote of “a major outstanding issue” — namely, that Solyndra’s numbers showed it would run out of cash in September 2011.
There was also concern about the high-risk nature of the project. Internally, the Office of Management and Budget wrote that “the risk rating for the project sponsor [Solyndra] … seems high.” Outside analysts had warned for months that the company might not be a sound investment.
Peter Lynch, a New York-based solar energy analyst, told ABC News it took only a cursory glance through Solyndra’s prospectus to see there was a problem with their numbers.
“It’s very difficult to perceive a company with a model that says, well, I can build something for six dollars and sell it for three dollars,” Lynch said. “Those numbers don’t generally work. You don’t want to lose three dollars for every unit you make.”
Biden is being set up to take the fall on this, he will resign and Hillary is going to step in and save Obama. The Dems will unite under the new Obama/Clinton ticket in 12.
There needs to be a big push to lay this squarely on the lap of Obama not Biden..... Republicans would be wise to get behind that idea NOW....not later...
“the Center for Public Integrity’s”
This conglomerate was started by marxists and funded by Soros and other marxists. It’s now global and works with other marxists in Europe, such as, the BBC et al...
http://mediachecker.wordpress.com/2011/04/19/25/
Why they’re doing this story is a mystery to me unless they want to nail Obama.
I just went to attackwatch.com and reported the White House lol.
http://nation.foxnews.com/solyndra/2011/09/14/bush-admin-voted-against-solyndra-loan
White House lied, companies died!
Spread some butter on Obama because he is toast..heehee
Much bigger mess than the Plame affair, for just one example. Think of all the ink and air spewed over that.
But that was BCE. Bush-Cheney Era.
Please, don’t get caught up in race. You sound like a media pawn. Anyone can run against him - but doubtful they could get the funds. He claimed all the ‘rat money.
Speaking of corrupt... Al Gore is calling on folks to make September 14th a day of climate action through a series of propaganda videos he will be broadcasting worldwide. Does anyone keep him informed - the global warming crapola is over! Imagine all the money he lost or thought he’d gain.
I was repeating what I had heard discussed on a radio program this morning. One of the participants made the observation, which I think is valid.
*
Crony capitalism! I would love to nail every single politicans who gets money from corporations or wealth individauls like Soros and then funnels money back to them in policy and leglislation. It’s called conflict of interest and we need to make them shake in their boots when they want to pay back their money bunnies with the US Treasury.
AMEN!!!!!!!!!!!!!!!!!!!!!! It’s not a conflict of interest. It’s a crime and it should be investigated and prosecuted like any other crime.
I have an idea ..let’s hire 1,000’s of volunteers to go through the WH and Obama’s emails and then report back what we find ...with the WHOLE world!!
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