The Obama administration urged officers of the struggling solar company Solyndra to postpone announcing planned layoffs until after the November 2010 midterm elections, newly released e-mails show.Oh that's going to be a fun testimony to watch on Thursday. How will Chu squirm out of answering questions the House committee will have, because there's a bunch that need to be asked.
Solyndra, the now-shuttered California company, had been a poster child of President Obama’s initiative to invest in clean energies and received the administration’s first energy loan of $535 million. But a year ago, in October 2010, the solar panel manufacturer was quickly running out of money and had warned the Energy Department it would need emergency cash to avoid having to shut down.
The new e-mails about the layoff announcement were released Tuesday morning as part of a House Energy and Commerce committee memo, provided in advance of Energy Secretary Steven Chu’s scheduled testimony before the investigative committee Thursday.
$500 million taxpayer money, flushed down the toilet by Solyndra.
1 comment:
And Obama can do no right in yours.
Find someone to introduce a bill to stop the political cronyism, or to end all energy subsidies for private companies and I'll support it. What I will call out are these rediculous hit pieces that revolve around actions that republicans have been doing more, better, and for decades.... But are suddenly now a problem. I wonder why that is?
Sometimes the political machines manage to do the right thing, even if it's for the wrong reasons and they arrived there entirely by circumstance. They still don't get a pass for being malicious and duplicitous asshats who will line their pockets at every opportunity because the other side got a little taste.
Are you going to try and claim that there weren't no bid contracts being doled out left and right from 2003-2008 or so? And that the recipients of those contracts didn't donate a portion of the proceeds almost exclusively to Republican candidates? Or are you going to just try and marginalize me as a kook because...
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