On May 26, 2011, the White House posted this video praising Solyndra as a Recovery Act success story.

Barack Obama’s gleaming example of green technology – Solyndra – filed for bankruptcy last week. The solar panel manufacturer squandered $535 million of stimulus money in a little over a year.

But, there’s more…
Top Obama bundler George Kaiser made multiple visits to the White House in the months before the company was granted a $535 million loan from the government. And top Solyndra officials also made numerous visits — 20 — to the White House, according to logs and reporting by The Daily Caller. Solyndra officials in the logs included chairman and founder Christian Gronet and board members Thomas Baruch and David Prend. The company secured the $535 million loan despite the fact that it was widely known Solyndra was in deep economic trouble and had negative cash flows since its inception.

Kaiser said he did not use political influence or talk to administration officials about a massive government loan to Solyndra.


(Solyndra)

It has now been confirmed that White House officials sat in on the Solyndra meetings this past year.
The Blotter reported:

Officials from the Department of Energy have for months been sitting in on board meetings as “observers” at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money.

Word of the Energy Department’s unusual arrangement came as federal agents on Thursday converged on the California headquarters of the failed solar company, focusing fresh attention on the first corporate beneficiary of President Obama’s stimulus program to create new clean energy jobs.

The company, which closed its doors last week and laid off 1,100 workers, has been a subject of an ongoing series of stories by the Center for Public Integrity’s iWatch News in collaboration with ABC News.

“The FBI is here this morning executing a search warrant,” Solyndra spokesman David Miller said Thursday. “We’ll cooperate with them and given them whatever they are looking for, but certainly it was a surprise,” Miller said. “I came to work this morning and they were here and I’ve been sorting it out.”

 

 

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  1. As Jamie Allman said this morning, “we’ll neveer see what the FBI confiscated” for at least another 2 years.

  2. This just proves that the Odumbo administration has no clue on how a business should be run. There must have been huge red flags during the meetings, and they just sat there like doofuses burning through 500 million of tax payers dollars. Jail sentences would be to good for some of the participants.

  3. WARNING! Toxic Dose of Irony. Obama’s “historic” speech lacked the word “energy”, while millions of Californians went without power last night during an “unprecedented” blackout and could not hear his speech.

  4. Why isn’t this being treated like the ENRON failure?

    Remember how the media basically put Ken Lay and George W. Bush in bed together and tried to lay the ENRON failure at the feet of Republicans?

    Is George Kaiser Obama’s Ken Lay? You bet he is.

  5. Barry promised he would change the way things are done in DC.

    How? By becoming the most corrupt and criminal administration in history?

    And still the MFM does its best to cover-up for the cesspool. Too bad Woodward and Bernstein are retired.

  6. Obama’s stim pac slush fund

  7. White house, Department of Energy ….

    WHY is there no mention of he Secratary of Energy, Stephen Chu, who happens to be from a place almost 10 miles from the HQ of Solyndra?

  8. check all their bank accounts and any new properties bought in the past year…then toss their A$$ES in jail

  9. OT – Do we need any more evidence that this administration has declared war on America?

    Gov Officials Turning Away Trained Firefighters in Texas

  10. “Kaiser said he did not use political influence or talk to administration officials about a massive government loan to Solyndra.”

    R-i-i-i-g-h-t…..

    Unfortunately, the justice dept. is utterly corrupt, and o is protected by the media.

    Nothing will ever be done.

  11. When does the FBI starts searching to find the rest of the money?

  12. This administration is just one big open sewer pit.

  13. OT – another skirmish in the War on America:

    Judge warns longshoremen union to halt illegal tactics

    In the last couple of days here in the Seattle area I have noticed a serious uptick in the number of cable TV ads and PSAs advocating hiring union members or promoting the cause of unionism. As with the increasing incidents of flash mobs robbing businesses, this union boosterism smells of some serious high-level coordination.

  14. White House officials sat in on the Solyndra meetings this past year.

    No wonder they went broke!

  15. It will never happen but a line by line transaction audit needs to be done and published…….”where in the heck is all the money??????????”

    Ugghhhh, everyday in everyway this fool for prez (who by the way looked so evil speaking last night) needs to go away!!

    I wish I was more eloquent as most of you on this blog – my emotions come right thru the keyboard!!!

  16. Can we impeach HIM yet???????????????????????????????????????????

  17. Miller said. “I came to work this morning and they were here and I’ve been sorting it out.”

    What work! YOU BANKRUPTED THE COMPANY!! WITH OUR TAX DOLLARS.

    Department of Energy as bunch of ….. screw ups. Forgive me if I laugh for a moment or two.

    But you’d think Obama, who has been anointed Mr. Intelligent would have a clue. But you got ta got ta keep those Political Contributions rolling in. DA!

    Something needs to stick the covers are big enough.

  18. My bet this Solyndra news will be silent forawhile until Nov 2012. FBI are carting away evidence in order not to embarrass the President and have a constitutional crisis.

  19. Who else is be covered up. Well, news is HOLDER….he is hiding. Fast and Furious would have done Republicans in. Now, this? Really who has faith in this administration after all the money Americans have given. Sooner or later with unemployment at actually 15% or higher, where will they find their money. Who can they depend on, we can’t depend on them.

    Blowing money and Police and citizens being killed and where will the Jobs act money come from. THEY WILL FIND IT? OMG, impeach Obama.



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