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 this month. 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)

There’s more…
It has now been confirmed that White House officials sat in on the Solyndra meetings this past year before the company went under. The White House monitored the huge loans. And before the loan guarantees were granted officials knew the company would fail.

The White House said yesterday admitted yesterday that they pressured
CNBC reported:

White House spokesman Jay Carney said the White House did not influence the Solyndra loan, which he said was made on “a merit-based process” by DOE.

“There’s no evidence that the White House was involved in the loan,” Carney said Thursday. Emails that show White House officials pressuring the administration’s budget office about the loan were about scheduling, he said.

“The White House was involved in trying to find out when a decision would be made, so … staff here could make a decision about the vice president’s having an event” at Solyndra headquarters in September 2009, Carney said.

The FBI recently raided Solyndra’s headquarters, shortly after Solyndra filed for bankruptcy and laid off 1,100 workers.

A U.S. official, who spoke on condition of anonymity because the case under seal, said the search was related to a fraud investigation into whether Solyndra filed inaccurate documents with the government.

Meanwhile, the Treasury Department’s inspector general said Thursday it has opened an investigation into the Solyndra loan

But, if it was widely known that Solyndra was a poor investment then why did they receive the $528 million loan? Someone in the Obama Administration is not being honest. And shame on Congress if they let them get away with it.

 

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  1. #1 September 16, 2011 at 7:50 am

    Joel commented:

    garbage in and hopefully, gargabe out … soon as in impeach Obama!!!

  2. #2 September 16, 2011 at 7:53 am

    Hobbitually conservative commented:

    Correction: No one in the obama white house is being honest, nor have they ever been.

  3. #3 September 16, 2011 at 7:54 am

    BurmaShave commented:

    Let’s bear in mind that when the Democrats control the Senate, the House, and the White House they do not have to read the bills. That may sound sarcastic, but history shows that that was factually true. So of course, the appropriation was approved by Congress without the slightest oversight.

  4. #4 September 16, 2011 at 7:54 am

    bigkahuna commented:

    Never seems to fail with liberals… Punish successful people and companies… reward the failures lazy and stupid. Perfect example of how all of liberalism is a failure

  5. #5 September 16, 2011 at 7:57 am

    #1AMERICAN commented:

    “Someone in the Obama Administration is not being honest”.

    say it aint so Joe

  6. #6 September 16, 2011 at 8:01 am

    Wheeze commented:

    I wonder what goes through Barry s head sometimes…… besides wind….

  7. #7 September 16, 2011 at 8:03 am

    Finncrisp commented:

    I hope these administration lies are being reported to attack watch. The American public is under attack by these filthy Marxists. I will now turn myself in…

  8. #8 September 16, 2011 at 8:17 am

    mg4us commented:

    IMPEACH Obama!

    President Zero!

    Incompetent, Inept, Inexperienced. . and a radical thief too!

  9. #9 September 16, 2011 at 8:18 am

    greg commented:

    I will bet there were more independent certifications and documents filed for a middle class house mortgage than for the half billion dollar loan. Surely there was a bank assisting the transfer and draw down of the monies. But they were probably robo signing those documents also.

    Everyone who has had a mortgage in the last ten years should be totally pe – od by this action and mortgage holders having been threatened jail time for inaccurate representation should expect jail time for all parties associated with Solynda

  10. #10 September 16, 2011 at 8:24 am

    mg4us commented:

    This con is just the first of many by this administration and their followers. . .

    Keep an eye out for tomorrow, Sept 17! The left call it a Day of Rage and plan protests across the country!

    http://www.wnd.com/index.php?fa=PAGE.view&pageId=345321

    here is a link to the Day of Rage website
    http://www.usdayofrage.org/

  11. #11 September 16, 2011 at 8:26 am

    Reaganite Republican commented:

    The whole green energy scam is crashing in on itself not only due to bad science, but also the corruption inherent in allowing unprincipled, technically ignorant pols to channel massive funds to companies of their choosing… sorry GE, you deserve to lose out BIG ha ha

    It’s just like back in Chicago, one of Blago’s stunts was taking kickbacks to award construction contracts for bike lanes and other “green” initiatives built with money jacked from Illinois taxpayers- I’m sure he could have cared less if there were bike lanes or not, all that ever perked his interest was the skim.

    But the solution is simple enough: ONLY the market should be deciding what companies survive, not Barack Obama- then we don’t have these kind of problems!

  12. #12 September 16, 2011 at 8:40 am

    RKflorida commented:

    Great clip of Jon Stewart blasting Obama for the Solyndra scandal.

    http://www.mediaite.com/tv/jon-stewart-blasts-obama-administration-for-solyndra-scandal/

  13. #13 September 16, 2011 at 8:47 am

    JKB commented:

    Well, there was a consensus among the experts and the model predictions were spot on, bankruptcy in September 2011.

    But the Obama people were deniers who went ahead with a massive redistribution of other people’s money in order to advance their agenda and provide payback to a political supporter.

  14. #14 September 16, 2011 at 8:53 am

    Larkin commented:

    “There’s no evidence that the White House was involved in the loan,” Carney said…

    Isn’t this what criminals ALWAYS say?

  15. #15 September 16, 2011 at 9:06 am

    myohmy commented:

    Wow. Now you know these politicians does not work for us. Everyone is in cahoots to fleece America. In their mind, “who cares about these faceless little people.” They really think they deserve to enrich themselves. To add more insult to injury, politicians and their crony friends think they are in upper echelon of the society because they must be f**cking genius.

    Time for indictment for looting the treasury.

  16. #16 September 16, 2011 at 9:31 am

    lucy commented:

    The democrats want to raise 1 billion dollars for the 2012 election, ok here’s half of it.

  17. #17 September 16, 2011 at 10:44 am

    StrangernFiction commented:

    Great clip of Jon Stewart blasting Obama for the Solyndra scandal spewing more statist propaganda.

    FIFY

  18. #18 September 16, 2011 at 11:18 am

    Redwine commented:

    I believe that this was a money laundering operation. The FBI carted away evidence to protect the WH.

  19. #19 September 16, 2011 at 12:59 pm

    Cornhusker commented:

    Furthermore…via Drudge

    http://www.zerohedge.com/news/another-popular-name-emerges-solyndra-scandal

    Goldman (freaking) Saks!! OMG!

  20. #20 September 16, 2011 at 4:57 pm

    mcc commented:

    Uh, oh. Is it really OVER a BILLION? AceofSpades finds out more and wonders:

    September 16, 2011
    Did Solyndra Actually Get a Second Loan of $469 Million, Bringing the Full Loan Package To Over A Billion? —Ace

    This is unclear.

    The great @williamamos highlighted the fact that Solyndra did indeed apply for a second big loan guarantee, noting this blog, LA Observed, scooping everyone on the story.

    Here’s the thing: No one seems to be able to say with confidence whether the government did in fact extend that loan guarantee to them.

    I’m assuming, provisionally, that means this is being covered up.

    Because why would the Obama Administration, if it had in fact denied the loan guarantee, not rush out with proof they’d declined the second application? That would be helpful to them, wouldn’t it?[...]

    Very interesting that the government does not seem eager to tell us what became of this $469 million request.

    http://minx.cc/?post=321495

  21. #21 September 16, 2011 at 5:59 pm

    Valerie commented:

    #17

    Huh? Did you watch the clip? Here it is, from another source.

    http://hotair.com/archives/2011/09/16/video-solyndra-now-a-punchline-on-the-daily-show/

    The commentary and added links are worthwhile, too.

  22. #22 September 16, 2011 at 7:16 pm

    kato commented:

    It’s going to be Whack-a-Mole time at the Subprime Corral. There are going to be more companies in the months ahead.

    It’s enough to bring back memories of the stench that surrounded the Clinton administration.

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