White House 'Pressure' Got SolyndraA DOE Loan It 'Should Never Have'

"Political pressure" by a White House eager to tout its stimulus agenda was largely to blame for fast-tracking the ill-fated $535 million Solyndra loan guarantee, according to findings in a massive new congressional report released Thursday morning.

The report, by Republicans on the House Energy and Commerce Committee, caps a nearly yearlong investigation by the panel into why the government allegedly ignored red flags to approve the loan. Solyndra, a solar-panel firm, filed for bankruptcy last year.

"It is clear DOE should never have issued the loan guarantee to Solyndra," the report said, adding that a subsequent decision to restructure the terms "violated the plain language of the law."

From day one, Solyndra was a "Springtime for Hitler" operation - designed to grab a half billion dollars of taxpayer money handed over gladly by the Obama Administration. As planned, the show bombed, and the principles danced away rich.

All that money was not "lost" - it is exactly where Obama and these crooks want it to be.

And the Republicans tut-tut, while the NY Times tries to think of new "gaffes" they can pin on Romney.

GREEN SCAM: 80% Of Green Energy Loans Went To Obama Donors - 19 Companies Went Bust

For those who only hear about these failing companies one by one, the following is a list of all the clean energy companies supported by President Obama’s stimulus that are now failing or have filed for bankruptcy. The media hopes you’ve forgotten about all of them except Solyndra, but we haven’t.

Evergreen Solar SpectraWatt Solyndra (received $535 million) Beacon Power (received $43 million) AES’ subsidiary Eastern Energy Nevada Geothermal (received $98.5 million) SunPower (received $1.5 billion) First Solar (received $1.46 billion) Babcock & Brown (an Australian company which received $178 million) Ener1 (subsidiary EnerDel received $118.5 million) Amonix (received 5.9 million) The National Renewable Energy Lab Fisker Automotive Abound Solar (received $400 million) Chevy Volt (taxpayers basically own GM) Solar Trust of America A123 Systems (received $279 million) Willard & Kelsey Solar Group (received $6 million) Johnson Controls (received $299 million) Schneider Electric (received $86 million)

That’s 19 (that we know of so far).

http://www.thegatewaypundit.com/2012/06/green-scam-80-of-green-energy-loans-went-to-obama-donors-19-companies-went-bust-video/

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