Wednesday, September 14, 2011

ABC News Obtains Explosive White House E-Mails on Solyndra Loan

Later on the White House, after Obama previously traveling to Solyndra and taking credit for it, blamed it on Bush, saying his administration was about to fast track the loan. Here is the Republican response: "Republicans pushed back hard against this version of events, unearthing internal Energy Department emails that indicate the panel evaluating the loans had made the unanimous decision to shelve Solyndra's application two weeks before Obama took office."

Obama at his Saul Alinsky best, lying at its best to obfuscate.

Newly uncovered emails show the White House closely monitored the Energy Department's deliberations over a $535 million government loan to Solyndra, the politically-connected solar energy firm that recently went bankrupt and is now the subject of a criminal investigation.

The company's solar panel factory was heralded as a centerpiece of the president's green energy plan -- billed as a way to jump start a promising new industry. And internal emails uncovered by investigators for the House Energy and Commerce Committee that were shared exclusively with ABC News show the Obama administration was keenly monitoring the progress of the loan, even as analysts were voicing serious concerns about the risk involved.

"This deal is NOT ready for prime time," one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan.

"If you guys think this is a bad idea, I need to unwind the W[est] W[ing] QUICKLY," wrote Ronald A. Klain, who was chief of staff to Vice President Joe Biden, in another email sent March 7, 2009. The "West Wing" is the portion of the White House complex that holds the offices of the president and his top staffers. Klain declined comment to ABC News.


White House ON THE RECORD reaction to ABC News' WH Emails on Solyndra Loan

In reaction to the ABC story, White House spokesman Eric Schultz told FBN:

"This loan guarantee was pursued by both the Bush and Obama Administrations. Private sector investors - who put more than $1 billion of their own money on the line - also saw great potential in the company. As the Department of Energy has made clear, they have always recognized that not every one of the innovative companies helped would succeed, but we can't stop investing in game-changing technologies that are key to America's leadership in the global economy. While we are disappointed by this particular outcome, we continue to believe the clean energy jobs race is one that America can, must and will win. The question we, as a country, have to ask ourselves is: are the jobs of the future going to be created here in the United States are elsewhere?"

Read full FOX Nation report here.

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