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Solyndra's woes worried White House, emails show (It didn't stop Obama from stealing $528 million)
cbs ^ | 9/16/2011 | ap

Posted on 09/16/2011 3:27:15 AM PDT by tobyhill

White House officials discussed the political ramifications of a possible default by a troubled solar energy company that received more than $500 million in federal loans, newly released emails show.

Emails released Thursday night show the Obama administration privately worried about the effect of a default by Solyndra Inc. on the president's re-election campaign.

"The optics of a Solyndra default will be bad," an official from the Office of Management and Budget wrote in a Jan. 31 email to a senior OMB official. "The timing will likely coincide with the 2012 campaign season heating up."

That message has turned out to be a fairly accurate prophecy of Solyndra's failure haunting President Obama's 2012 campaign, even before the end of 2011.

In remarks on the Senate floor Thursday, Senate Minority Leader Mitch McConnell, R-Ky., argued that Solyndra's bankruptcy this month was just another reason to fight against the president's jobs plan, reports CBSNews.com's Lucy Madison.

"This place was supposed to be the poster child of how the original stimulus would create jobs. Now it's bankrupt and most of its 1,100 employees are out of work," McConnell said.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: solyndra; solyndragate
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1 posted on 09/16/2011 3:27:19 AM PDT by tobyhill
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To: tobyhill

Impeachment!!


2 posted on 09/16/2011 3:32:54 AM PDT by TNCMAXQ
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To: tobyhill
"The optics of a Solyndra default will be bad," an official from the Office of Management and Budget wrote in a Jan. 31 email to a senior OMB official. "The timing will likely coincide with the 2012 campaign season heating up."

The OMB? Is that the "bi-partisan" or "non-partisan", supposedly, watchdog over taxpayer money?

3 posted on 09/16/2011 3:33:10 AM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: tobyhill

they’re not that worried. Only the media are worried for obama. They’re ready to spend another $500 billion


4 posted on 09/16/2011 3:33:38 AM PDT by 4rcane
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To: tobyhill
"We will only close the deals that are ready to close on Sept. 30," he said.

End of the fiscal year. Frantically use what money is left or back to the Treasury it goes (so it can be wasted elsewhere).

5 posted on 09/16/2011 3:35:04 AM PDT by Virginia Ridgerunner (Sarah Palin has crossed the Rubicon!)
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To: tobyhill
In O’s defense, not sure how we can be upset. He was elected as an incompetent and integrity challenged president. Where is the surprise?
6 posted on 09/16/2011 3:43:20 AM PDT by JIM O
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To: tobyhill; golux; tubebender; Fractal Trader; Genesis defender; 4horses+amule; Carlucci; ...
 


Beam me to Planet Gore !

7 posted on 09/16/2011 3:43:47 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: Virginia Ridgerunner

What is a Ridgerunner? I have often wondered that when I’ve seen your name. Is it like a Roadrunner with legs.


8 posted on 09/16/2011 3:46:46 AM PDT by Sarah-bot
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To: JIM O
.......and the incompetent always surround themselves with people that are dumber than they are.
9 posted on 09/16/2011 3:48:29 AM PDT by Recon Dad ("Don't forget, incoming fire has the right of way..")
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To: tobyhill

Did we just agree to bail out Europe again? If so, the Solyndra scam looks like pretty small beer in comparison....


10 posted on 09/16/2011 3:48:29 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Sarah-bot

Nah, it’s a local slang term for “mountain boy.” I’m originally from Southwest Virginia, the heart of Appalachia and coal country, and so that’s the root of my screen name.


11 posted on 09/16/2011 3:51:28 AM PDT by Virginia Ridgerunner (Sarah Palin has crossed the Rubicon!)
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To: tobyhill
This act reminds me of the movie "The Producers".
What better way to launder money than through a failed investment?

12 posted on 09/16/2011 3:57:33 AM PDT by Falcon4.0
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To: tobyhill

“There’s no evidence that the White House was involved in the loan,”...In other words they have destroyed everything they could find about this scam.


13 posted on 09/16/2011 3:59:41 AM PDT by Safetgiver (I'd rather die under a free American sky than live under a Socialist regime.)
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To: Sarah-bot; Virginia Ridgerunner

From Urban Dictionary:

In rural areas, the rough and rugged men, women and families from the backwoods, mountains and hills that produced and distributed alcohol products during the prohibition era. The men typically wore full beards and overalls. The women usually wore modest, full length dresses with hair up in a bun style. They usually spoke with a strong southern drawl. Loosely, the equivalent of hillbilly. Also called moonshiner.


14 posted on 09/16/2011 4:06:15 AM PDT by savedbygrace (But God.)
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To: tobyhill

So they loaned out money when they knew the borrower would not be able to pay it back.

Who was in charge of the loan-—Barney Frank?


15 posted on 09/16/2011 4:07:33 AM PDT by Venturer
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To: mewzilla

That’s right.

By now, Americans are punch drunk with the endless recitation of this administration’s laundry list of blunders, crimes, lies, etc...

We are all about paralyzed with shock and distrust of what has been happening and WHAT the f^%$ is around the next corner.

I feel like everyone who supported this clown ought to be taken away in a giggle jacket.


16 posted on 09/16/2011 4:11:10 AM PDT by SMARTY ("When you blame others, you give up your power to change. " Robert Anthony)
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To: tobyhill
One really wonders if Solyndra was nothing but a scam to funnel American Recovery and Reinvestment Act of 2009 funds directly to the Obama 2012 re-election campaign or to an allied 501(c)(3) political organization. If that is the case, we ARE talking a scandal that could make both Watergate and scandal that brought down William Magear "Boss" Tweed in 1871 combined look like minor events in comparison. Not only could it bring down both the President and Vice President, but several powerful Democratic members of Congress could be brought down, too.
17 posted on 09/16/2011 4:11:36 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88
One really wonders if Solyndra was nothing but a scam to funnel American Recovery and Reinvestment Act of 2009 funds directly to the Obama 2012 re-election campaign or to an allied 501(c)(3) political organization.

If Watergate was a second rate burglary than Solyndra ranks as a first rate money laundering scheme. Solyndragate.

18 posted on 09/16/2011 4:21:59 AM PDT by 6SJ7 (atlasShruggedInd = TRUE)
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To: SMARTY
chains my FRiend...they should all be led away in chains....starting at 1600 Penn. Ave.
19 posted on 09/16/2011 4:24:12 AM PDT by rightwingextremist1776
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To: tobyhill

How does this sound to you?

President Joe Biden?

Or the Biden/Palin debate?


20 posted on 09/16/2011 4:41:23 AM PDT by NavyCanDo
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