SOLYNDRAGATE UPDATE…
Newly released emails as part of a subpoena of all White House documents relating to Solyndra once again reveal that the White House was warned about what was called the ‘coming storm’ over Solyndra and other ‘inside Department of Energy deals.’
Solyndra is one of the biggest crony capitalist deals that Obama has conducted since becoming president. The cronyism started in the months prior to the approval of the Solyndra loan by the Department of Energy in March of 2009, when billionaire and Obama bundler, George Kaiser, held numerous meetings with the White House about the pending loan.
George Kaiser holds the biggest stake in the now defunct Solyndra.
White House logs revealed that Solyndra executives and investors held four separate visits the week before the company received its cut of your stimulus cash. Those meetings all took place while a White House budget analyst warned in an email that, “this deal is not ready for prime time.”
Obama was so impressed with the failed solar company that the administration wanted to give it another $469 million on top of the $535 million to make it an even billion dollars in taxpayer cash.
ABC News reported:
New internal White House emails reveal that a scathing critique of Energy Secretary Steven Chu by a former Obama political advisor led to an extensive internal discussion about failures of the president’s Energy Department at the highest levels of his administration.
The February 25, 2011 email 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. It was sent by Dan Carol, a former Obama campaign staffer and clean energy advocate who was described by Obama’s then-Chief of Staff Pete Rouse as someone whose views “reflect the President’s general philosophy on energy policy.”
Carol’s four-page proposal to restructure the Energy Department included the blunt recommendation that Chu be fired, and that his leadership team also be replaced, calling it time for “serious changes, even if they are uncomfortable to make.”
“I would respectfully suggest that the president be strongly encouraged to make major leadership changes as soon as possible,” Carol wrote.
Carol also predicted the political fallout that would result from what he saw as inevitable failures of the Energy Department’s now-embattled loan guarantee program. He made the dire predictions when advising that Obama replace Chu with someone who was not “too associated … with [the] Silicon Valley business elite.”
“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.”
The Carol email and the internal deliberations that it spawned became public late Friday along with 135 pages of other internal documents that the White House sent to Congress. The document dump was the latest attempt by the Obama administration to respond — on its own terms — to a subpoena for all records of the internal deliberations that led up to the $535 million Solyndra loan. It also comes less than a week before Chu is scheduled to testify before a House Energy and Commerce investigative subcommittee about the Solyndra loan.
White House officials said the emails received by Congress today further prove that politics never entered into the decision to loan money to Solyndra.
Related: Solyndra Email: “They About Had An Orgasm In Biden’s Office When We Mentioned Solyndra”
White House Ignores Solyndra Subpoena Deadline
Emails Prove White House Lied, Billionaire Obama Donor, Kaiser, Discussed Solyndra Deal With WH
Solyndra Rails In $6.2 Million From Asset Auction, Taxpayers Rail In Zip
WHITE HOUSE SUBPOENAED — All Solyndra Documents Must Be Turned Over
Obama Considered Bailout For Solyndra Before It Went Bankrupt
Solyndra Executives Cashed In Before Filing For Bankruptcy
Energy Secretary Steven Chu To Testify To Congress On November 17 About Solyndra
Solyndra-Connected Fundraiser Still Working For Obama Reelection Campaign
Solyndra To Auction Off Assets, U.S. Taxpayers Won’t See A Penny
CRONY CAPITALISM – IRS Gave Now Bankrupt Solyndra Special Tax Break
Obama Refuses To Turn Over Solyndra Documents
Obama Ignored Legal Warnings On Solyndra Loan Guarantee
Solyndra Emails Show Obama Was Poised To Approve Second Loan For $469 Million
Obama Warned Not To Visit Solyndra By Senior Officials, Didn’t Want To Embarrass Him Later
WTF – Obama Says He Doesn’t Regret Loan To Solyndra, Calls It a “Good Bet”
FBI Probing Solyndra For Possible Fraud
SOLARGATE UPDATE: Solyndra Said To Have Violated Terms Of Its U.S. Loan
Concerns About Solyndra Loan Progarm Were Raised Directly To Obama During White House Meetings
It Just Got Better… Solyndra Bankruptcy Docs List California Democratic Party As Creditor
Read my Washington Times Communities Column: Obama’s Solyndra Fiasco
For the latest on the Solyndra scandal, click here.
