Please disable your Ad Blocker in order to interact with the site.

Adding fuel to the Solyndra scandal an in-depth analysis of  the released documents, show that Solyndra was not about green energy or jobs, it was about politics. And the news comes from one of the voice-pieces of progressiveness, the Washington Post:

… Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal ­e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials.

The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra.

…..They show that as Solyndra tottered, officials discussed the political fallout from its troubles, the “optics” in Washington and the impact that the company’s failure could have on the president’s prospects for a second term. Rarely, if ever, was there discussion of the impact that Solyndra’s collapse would have on laid-off workers or on the development of clean-
energy technology.

The documents show that while Solyndra was collapsing the Obama administration was fiddling with politics

“What’s so troubling is that politics seems to be the dominant factor,” said Ryan Alexander, president of Taxpayers for Common Sense, a nonpartisan watchdog group. “They’re not talking about what the taxpayers are losing; they’re not talking about the failure of the technology, whether we bet on the wrong horse. What they are talking about is ‘How are we going to manage this politically?’ ”

The administration, which excluded lobbyists from policymaking positions, gave easy access to venture capitalists with stakes in some of the companies backed by the administration, the records show. Many of those investors had given to Obama’s 2008 campaign. Some took jobs in the administration and helped manage the clean-
energy program.

Once the upcoming collapse became apparent Solyndra’s lobbying firm sprung into action

Solyndra executives and investors were attuned to the value of playing politics. Memos from Solyndra’s lobbying firm, McBee Strategic Consulting, stressed the need to “socialize” with leaders in Washington and to mobilize a lobbying effort described variously as quiet, surgical and aggressive. 

But in the end even the the Solyndra board members knew what it was all about:

In late 2010, Solyndra board member Steve Mitchell told his associates that Energy Department officials had conceded that additional financing was necessary yet said in private meetings that they lacked the political muscle to deliver it. “The DOE really thinks politically before it thinks economically,” Mitchell concluded.

Its was about crony-capitalism and putting Barack Obama’s reelection before the needs of the country–that is what the Solyndra disaster was all about–in many cases that is what the Obama administration is all about

Read the full WAPO piece here:

Enhanced by Zemanta

Become a Lid Insider

Sign up for our free email newsletter, and we'll make sure to keep you in the loop.

Thanks for sharing!

We invite you to become a Lid insider. Sign up for our free email newsletter, and we'll make sure to keep you in the loop.

Send this to friend