The Obamanation

[classicman]

‎Solyndra

"The DOE pushed the loans through. At the time, it was seen as a great use of stimulus funds. The funds would help build the factories, creating construction jobs, and would then lead to more jobs within the factory itself. It was a perfect photo opportunity.

Florida Congressman Cliff Stearns, Chairman of the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations, warned Solyndra had not been properly vetted. “For months, we have been investigating how and why nearly half a billion dollars in taxpayer money was committed to this financially troubled company” he said.

There has been some talk that the loan was related to President Obama’s relationship with philanthropist George Kaiser, who is also a major investor in Solyndra. Kaiser raised money for Obama’s election."

Link
Some video coverage from ABC here
This could be rather damaging to the "different than the last guy" or the "transparent" administration. The timing isn't so good either. I wonder if this is simply one bad deal of many or if there is a trend. It seems there are a couple other solar companies who received stimulus money which failed a well.
I applaud the administration for investing in renewable energies, but this instance looks more like a payback to a major campaign contributor.

[BigV]

Originally Posted by classicman

‎snip--
this instance looks more like a payback to a major campaign contributor.

Is this your smoking gun?

The primary investors in Solyndra were funds tied to a major Obama fundraising bundler, Tulsa oilman George Kaiser.

Pretty thin evidence so far for a claim of quid pro quo. Did you read about chain of events that have to happen for the government to realize a loss? It is not a foregone conclusion. Or, are you suggesting that Obama directs loan guarantees to campaign contributors, regardless of the success of those contributors' business successes or not? Payback, really?

[classicman]

Originally Posted by BigV

Is this your smoking gun?

no, again not looking for one. Just a search for the truth.

MSNBC report via CNBC

“Nearly eight months into our investigation, documents provided to the Committee last Friday confirm those closest to the President — top advisors like Valerie Jarrett, Larry Summers, and Ron Klain — had direct involvement in the Solyndra mess,” said Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-FL), explaining the expansion of the document request. “In addition to the cast of West Wing characters with access to the Oval Office, documents reveal a startlingly cozy relationship between wealthy donors and the President’s confidantes, especially in matters related to Solyndra.”

Official in charge of energy loans resigns

Solyndra officials plead the 5th...