E-mails show administration ignored warnings, pushed huge loan to energy company.
When you see that trading is done, not by consent, but by compulsion – when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed. – Ayn Rand
‘Solargate’ Didn’t Happen By Accident,” headlines this article on Fox News.
“After Stimulus I was passed in 2009 the White House wanted to champion so-called “green jobs,” writes journalist Bradley Blakeman. “So, they set out to find an energy company to become the “poster-child” for their efforts — a company that they could offer loan guarantees to as proof of their investment and commitment to “clean” energy.
Here are a few excerpts from that article.
“Enter George Kaiser, a well-known fundraiser for Obama’s 2008 campaign. Kaiser’s also happened to be the largest shareholder of Solyndra, (a California-based solar energy company). He launched a campaign to persuade the Obama administration through officials in the White House, the Departments of Energy and Treasury and the Office of Management and Budget to receive a $535 million dollar stimulus loan guarantee in 2009 for Solyndra.
“So, in 2009 the White House went to work to help Solydra. There is indisputable evidence that officials from Solydra visited the White House at least 20 times during their loan guarantee process, the CEO met personally with President Obama and officials from the U.S. Energy Department sat in on Solydra board meetings.
“In March of 2009, Mr. Kaiser met with Austan Goolsbee, Obama’s chief economic adviser, Pete Rouse, counselor to the President and Jason Furman, Deputy Director of the President’s Counsel of Economic Advisers.
“It is also evident that the White House had an interest in Solyndra’s government loan guarantee and rushed through their approval to please a contributor, policy allies and environmentalists. (See Ayn Rand quote above.)
“The White House was so smitten with their “great” work in helping Solyndra secure an over $500 million loan guarantee that it wanted President Obama to visit Solyndra’s headquarters.
“In 2010 President Obama did in fact visit Solyndra’s California headquarters and in his remarks said this touting Solyndra: “the engine of economic growth will always be companies like Solyndra.”
“Then the roof fell in. In August 2011, Solydra declared bankruptcy and layed off over 1,000 workers.
“Either the White House did not research and vet Solyndra prior to the company receiving over a half a billion dollar government loan guarantee and a presidential visit and endorsement as well as a vice presidential endorsement or they did and they were incompetent and/or willfully ignored the warning signs that they should have uncovered that revealed that Solyndra should not be entitled to receive government funds or presidential attention.
Of course there were red flags prior to the company’s bankruptcy filing in August. For example, on March 10, 2009, nine days before the White House announced the loan to Solyndra, a White House Budget analyst wrote, “this deal is not ready for prime time.”
“Now that the house of cards has fallen on Solyndra — like most White House scandals — here comes the cover-up. The White House is stonewalling on Solyndra, hoping against hope that this at most is just a 3-day or one week story and will pass.
“Instead of “green jobs” the American people got half a billion in red ink. It’s time to give the American people some answers.”
Bradley A. Blakeman served under President George W. Bush from 2001-2004 as Deputy Assistant to the President for Appointments and Scheduling, Vetting and Research and Correspondence. As such he is intimately familiar with the process and management of the ‘optics’ of the Presidential endorsement and embrace of Solyndra.
Still confused? Here are five cartoons that explain it…