Skip to comments.AP on Solyndra: WH ignored at least three watchdog reports criticizing Energy Departmentís loan
Posted on 09/15/2011 7:26:16 PM PDT by Nachum
Thats not all they ignored, either. According to e-mails obtained by the AP, one White House official who helped plan Obamas big photo op at the plant earlier this year dismissed a news story about Solyndras financial troubles with, Seems B.S. A few months earlier, the same chump ignored the alarm bells being rung by accounting firms and instead accepted at face value Solyndras assurances that they were doing well, writing, Fantastic to hear that business is doing well keep up the good work! Were cheering for you.
Everyone knew the company was toast. Except the people in charge of your money.
A 2009 report by the Energy Departments inspector general warned that the DOE lacked the necessary quality control for the loan guarantee program, which was created in 2005 to support clean-energy projects that could not obtain conventional bank loans due to high risks.
In July 2010, the Government Accountability Office said the Energy Department had bypassed required steps for funding awards to five of 10 applicants that received conditional loan guarantees.
(Excerpt) Read more at hotair.com ...
The Solyndra scandal will blow up if a direct nexus between Solyndra and Obama can be established. If that happens, no media outlet will be able to ignore it.
Interestingly, with some talk of the establishment dems wanting to get rid of Obama from the ticket (I don’t buy a syllable of it), a scandal like this could get rid of Obama for them.
Hah! Pick one. Any one. There's a baker's dozen to choose from.
I think so too, and not to give the MSM too much credit, I’ve been surprised to see how they’ve given this story legs. It’s almost as if the memo went out “Solyndra is it, bring him down”.
Now why does this seem like deja-vu all over again?
I’m thinking of repeated warnings given to Congress regarding the soundness of Fannie Mae/Freddie Mac, and the flip dismissals those warnings were given (see Barney Frank, Maxine Waters, etc.)
Off with their heads!
I care more about the gun running...People got killed!!
Solyndra is only the tip of the iceberg. They have rushed out many other questionable loans to green companies that couldn’t get conventional loans because they were not economically viable entities. It’s just a matter of time to see if they blow up before the election.
AP, ABC, NYT. They’re all hitting this story hard now, and they are all the favorite dumping grounds of Democrats who want to get damaging info out there, put their own spin on it, and keep people distracted from other important issues.
This may be a story that has legs, but use of the standard MO perfected by the Clinton war room needs to be considered. If this doesn’t go anywhere, then by the 2012 election, it can be termed “old news”.
Well, if it's a choice between holding on to their power or standing pat with Obama, then Obama's gotta go. It's just a matter of figuring out how to do it. I think we'll see more and more "hints" and "signals" to him. As he chooses to ignore them - well, it should get interesting.
Exactly. Like they couldn’t investigate the BC issue, or the Gun Walker case etc...or just simply VET they guy. No, he had to be vetted on talk radio and youtube for crying out loud.
Now all of a sudden...why don’t they just NOT report this story? They’ve been getting away with NOT reporting anything like this before?
Hmmmm....seems Sarah loaded that “bullet” in her speech awhile back....She sure is dumb!..../s
The MSM won't even acknowledge this one.
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