Saturday, September 17, 2011

I Have a Question

Since President #Compromise was allegedly warned that the green company Solyndra was in dire straits and not a good bet, yet he and Biden publicly made a big deal out of giving them bailout money, did they actually intend to give environmentally focused companies a black eye, knowing that the eventual inevitable failure of Solyndra would be GOP anti-environment fodder, or is he just an unlucky gambler?

The Obama administration was worried about the financial health of a troubled solar energy company -- and the political fallout it could bring -- even as officials publicly declared the company in good shape, newly released e-mails show.

An e-mail from a White House budget official to a co-worker discussed the likely effect of a default by Solyndra on President Barack Obama'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 e-mail to a senior OMB official. "The timing will likely coincide with the 2012 campaign season heating up."

Detroit Free Press

Must be an unlucky gambler. Surely he didn’t intend to have his campaign sullied.

The e-mail was released by the House Energy and Commerce Committee as part of its investigation into a half-billion-dollar federal loan to the company.


"Questions will be asked as to why the administration made a bad investment, not just once (which could hopefully be explained as part of the challenge of supporting innovative technologies), but twice (which could easily be portrayed as bad judgment, or worse)," the e-mail says.


The e-mail says the budget official wanted White House budget director Jacob Lew to warn Energy Secretary Steven Chu about the risk posed by Solyndra, which was once the poster child for the Obama administration's clean energy program. It has since laid off 1,100 people and filed for bankruptcy.

Kind of the nation in miniature, eh?

The Silicon Valley company was the first renewable-energy company to receive a loan guarantee under the stimulus law, and the Obama administration frequently touted Solyndra as a model for its clean energy program. President Barack Obama visited its headquarters last year.

Even as Obama declared that "the future is here" during a May 2010 visit to Solyndra, warning signs were being sent from within the government and from outside analysts who questioned the company's viability.

A truly unfortunate pick. But he was right about it representing the future. Bankrupt.

Maybe nobody ever told #Compromise the truth in the first place. That might be his best defense.

....but hey, do what you will anyway.

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