Listening
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- Aug 27, 2011
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Unreal: Solyndra CEO Called Obama White House the "Bank of Washington" - Guy Benson
So, the company received a $535 million taxpayer loan via President Obama's stimulus program in 2009, only to file for bankruptcy and lay off all of its employees in 2011, just after the 2010 elections -- which we later learned was no accident. Obama's political team was so obsessed with making the company the "poster child" of its failed "green jobs" push, they ignored repeated warnings about the soundness of Solyndra's business model. The loan application had been rejected under the Bush adminstration, and several Obama officials strongly opposed its approval. The deal was green-lit anyway, much to the delight of one of the company's principal investors -- a man named George Kaiser, who also happens to be a major Obama fundraiser. Despite the administration's claims to the contary, records show that Kaiser visited the White House frequently in the lead-up to the loan guarantee decision. Again rejecting admonitions, Obama scheduled a presidential photo-op at Solyndra to highlight the "success" of his stimulus program. That factory is now shuttered. With a huge green mess on his hands, President Obama has attempted to suggest that Solyndra wasn't even his program, "per se." This was, and is, a lie. Flash forward to today's two new Solyndra developments. First, we have the aforementioned email, in which Solyndra's chief executive excitedly touts Obama's taxpayer loans. He refers to the White House as the "Bank of Washington:"
Ah yes, the old money tree in the back of the WH.
Another one of those successes that seems to be forgotten on a regular basis.
So, the company received a $535 million taxpayer loan via President Obama's stimulus program in 2009, only to file for bankruptcy and lay off all of its employees in 2011, just after the 2010 elections -- which we later learned was no accident. Obama's political team was so obsessed with making the company the "poster child" of its failed "green jobs" push, they ignored repeated warnings about the soundness of Solyndra's business model. The loan application had been rejected under the Bush adminstration, and several Obama officials strongly opposed its approval. The deal was green-lit anyway, much to the delight of one of the company's principal investors -- a man named George Kaiser, who also happens to be a major Obama fundraiser. Despite the administration's claims to the contary, records show that Kaiser visited the White House frequently in the lead-up to the loan guarantee decision. Again rejecting admonitions, Obama scheduled a presidential photo-op at Solyndra to highlight the "success" of his stimulus program. That factory is now shuttered. With a huge green mess on his hands, President Obama has attempted to suggest that Solyndra wasn't even his program, "per se." This was, and is, a lie. Flash forward to today's two new Solyndra developments. First, we have the aforementioned email, in which Solyndra's chief executive excitedly touts Obama's taxpayer loans. He refers to the White House as the "Bank of Washington:"
Ah yes, the old money tree in the back of the WH.
Another one of those successes that seems to be forgotten on a regular basis.
