It’s Friday on a three day weekend so, guess what, it’s time for a Solyndra document dump. Lots of crony socialism!
The White House released thousands of pages of Solyndra documents which apparently show the White House was intimately engaged in the Solyndra deal from the beginning despite the fact that they said they weren’t. The records also show that all the WH staff seemed to care about was damage control. The wasted tax dollars, the money to Obama donors, and the general incompetence didn’t seem to be an issue.
ABC: “The Feb. 25, 2011 e-mail that sparked the deliberations landed on West Wing desks just as the solar energy firm Solyndra was starting to show outward signs of financial trouble,” reports ABC News. “It was sent by Dan Carol, a former Obama campaign staffer and clean-energy advocate. Carol’s four-page proposal to restructure the Energy Department included the blunt recommendation that (Energy Sec) Chu be fired, and that his leadership team also be replaced.”
“Not because they aren’t talented,” Carol writes, “but because that appointment will be caught up in the wave of GOP attacks that are surely coming over Solyndra and other inside DOE deals that have gone to Obama donors and have underperformed. No reason to fuel that coming storm, and believe me it will come.”
Apparently, steamy sex was involved as well. Orgasmic Biden employees is not an image I expected to have while reading about the Solyndra emails. Despite the WH protestations to the contrary, they sure enough were knee-deep in this thing from the beginning.
Fox News: Emails among George Kaiser, head of the George Kaiser Family Foundation; Ken Levit, the executive director of the Foundation; and Steve Mitchell, who manages Argonaut Private Equity and was a member of Solyndra’s board; show that Vice President Joe Biden’s office were very gung-ho.
“They about had an orgasm in Biden’s office when we mentioned Solyndra,” reads a Feb. 27, 2010, email from Levit to Mitchell. A follow-up email from Mitchell to Levit later that day responds with: “That’s awesome! Get us a (Department of Energy) loan.”
According to exchanges obtained by Fox News, in an email from Mitchell to Kaiser on March 5, 2010, Mitchell writes that “it appears things are headed in the right direction and (Energy Secretary) Steven Chu is apparently staying involved in Solyndra’s application and continues to talk up the company as a success story.”
In a Feb. 27, 2010, message from Levit to a party whose name has been redacted, Levit writes that there was a meeting with a group of people in “Biden’s office — they seemed to love our Brady Project — also all big fans of Solyndra.”
In an email from Mitchell to Kaiser on March 5, 2010, Mitchell writes that “it appears things are headed in the right direction and Chu is apparently staying involved in Solyndra’s application and continues to talk up the company as a success story.”
How could the WH have NOT been big fans of Solyndra. It was a solar company with investors who were big Obama donors. What more could they want? Crony Socialism at its best.
The WH also knew the company required an infusion of cash and the company was already showing signs of failing, having problems meeting its debt obligations. The Stimulus cash used was supposed to create jobs but instead it went to pay off Solyndra loans.
Obama (in a statement in conflict with the reality of the situation) said yesterday at a fundraiser,
WH Gov: Now, we knew from the start that the loan guarantee program was going to entail some risk, by definition. If it was a risk-free proposition, then we wouldn’t have to worry about it. But the overall portfolio has been successful. It has allowed us to help companies, for example, start advanced battery manufacturing here in the United States. It’s helped create jobs. There were going to be some companies that did not work out; Solyndra was one of them. But the process by which the decision was made was on the merits. It was straightforward. And of course there were going to be debates internally when you’re dealing with something as complicated as this.
But I have confidence that the decisions were made based on what would be good for the American economy and the American people and putting people back to work.
Obama used a lot of the Stimulus money that went to Solyndra to pay off Solyndra debt. Stimulus money was meant to create jobs.
To make it worse, an Obama fundraiser who became a Department of Energy Official, pushed for the deal that his wife’s law firm profited from.
Ace of Spades HQ: An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.
“How hard is this? What is he waiting for?” wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. “I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this.”
Many of the emails were written just days after Spinner accepted a three-page ethics agreement in which he pledged he would “not participate in any discussion regarding any application involving [his wife's law firm] Wilson [Sonsini Goodrich & Rosati].”
Recovery Act records show Allison Spinner’s law firm, Wilson Sonsini, received $2.4 million in federal funds for legal fees related to the $535 million Energy Department loan guarantee to Solyndra. That ethics agreement said his wife would forgo pay “earned as a result of its representation of applicants in programs within your official duties.”
I guess Obama means that the people he was putting back to work (actually they were already employed) were his fundraisers.