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Posts tagged Solyndra

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Obama was personally briefed on Solyndra…!

President Obama’s staff arranged for him to be personally briefed last summer on a loan program to help clean-energy companies, two months before the program was thrust into headlines by the collapse of its flagship, the solar company Solyndra, records show.

http://www.washingtonpost.com/politics/energy-dept-e-mails-on-solyndra-provide-new-details-on-white-house-involvement/2012/08/08/668dc042-e162-11e1-a25e-15067bb31849_story.html

Filed under Obama personally briefed Solyndra

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The Harry Reid Solyndra…

Nevada Sen. Harry Reid, U.S. Rep. Shelley Berkley, D-Nev., and Gov. Brian Sandoval were among the political leaders who lauded the company when it announced it would start making solar panels in the Golden Triangle Industrial Park. Reid in particular has pushed for solar energy research and development in Nevada, drawing parallels between the value of Nevada sunshine and Saudi Arabian oil.

http://www.lvrj.com/business/amonix-closes-north-las-vegas-solar-plant-after-14-months-heavy-federal-subsidies-162901626.html

Filed under Harry Reid another Amonix Solyndra belly up $20 million in federal tax credits

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Probe to be “thorough” and “rigorous

Right…!

Just like ‘Fast and Furious’ or Solyndra

…wake me when it’s over

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

He said he expects the probe to be “thorough” and “rigorous” — and that if the allegations turn out to be true, “then of course I’ll be angry.” 

Read more: http://www.foxnews.com/politics/2012/04/15/congress-to-probe-secret-service-prostitution-scandal/#ixzz1sA8anyPR

Filed under thorough and rigorous 'Fast and Furious' Solyndra

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“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
…Joseph Goebbels
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President Obama Monday said he does not regret a half-billion dollar government loan to the now-bankrupt solar energy company Solyndra and vigorously defended his administration’s policy of providing assistance to similar entities.
“No I don’t,” the president said when asked directly if he regretted the $535 million federal loan guarantee in 2009. “Because if you look at the overall portfolio of loan guarantees that had been provided, overall it’s doing well. And what we always understood is that not every single business is going to succeed in clean energy.”
The comments came in an interview with ABC and Yahoo News.
Obama specifically touted Solyndra in a visit to its California headquarters in 2010 but the company closed shop just over a year later, putting more than 1,000 people out of work and leaving the government unlikely to get back all the money it loaned.Meanwhile, e-mails revealed by a House Energy and Commerce Committee investigation indicate at least some members of the administration expressed trepidation over the firm’s financial health before the loan was approved.
Obama brushed aside those contentions in the interview Monday, saying that “hindsight is always 20-20.”
Meanwhile, top Solyndra executives refused to testify before the House Energy and Commerce Committee last month, leading the Justice Department to seek additional oversight in the bankruptcy proceeding
more…
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
Joseph Goebbels
————————————————————————————————————-

President Obama Monday said he does not regret a half-billion dollar government loan to the now-bankrupt solar energy company Solyndra and vigorously defended his administration’s policy of providing assistance to similar entities.

“No I don’t,” the president said when asked directly if he regretted the $535 million federal loan guarantee in 2009. “Because if you look at the overall portfolio of loan guarantees that had been provided, overall it’s doing well. And what we always understood is that not every single business is going to succeed in clean energy.”

The comments came in an interview with ABC and Yahoo News.

Obama specifically touted Solyndra in a visit to its California headquarters in 2010 but the company closed shop just over a year later, putting more than 1,000 people out of work and leaving the government unlikely to get back all the money it loaned.

Meanwhile, e-mails revealed by a House Energy and Commerce Committee investigation indicate at least some members of the administration expressed trepidation over the firm’s financial health before the loan was approved.

Obama brushed aside those contentions in the interview Monday, saying that “hindsight is always 20-20.”

Meanwhile, top Solyndra executives refused to testify before the House Energy and Commerce Committee last month, leading the Justice Department to seek additional oversight in the bankruptcy proceeding

more…

Filed under Solyndra $535 million federal loan expressed trepidation before the loan refused testify

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White House Email: ‘Coming Storm’ Over Solyndra 
and Other Inside DOE Deals’

New internal White House emails reveal that a scathing critique of Energy Secretary Steven Chu by a former Obama political advisor was widely circulated at the highest levels of the administration. 

 The Feb. 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.”

White House Email: ‘Coming Storm’ Over Solyndra

and Other Inside DOE Deals’

New internal White House emails reveal that a scathing critique of Energy Secretary Steven Chu by a former Obama political advisor was widely circulated at the highest levels of the administration. 

 The Feb. 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.”

Filed under Coming Storm Solyndra Other Inside DOE Deals Energy Department Dan Carol Pete Rouse Secretary Steven Chu be fired

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