Some of you may remember that in yesterday’s post on Solyndra, It mentioned that it was the Bush administration that began to look at the firm but nine days before Bush left office, the Energy Department’s credit committee made a unanimous decision not to offer a loan commitment to Solyndra. Those are the facts and facts are not very important to the Obama administration but it was still surprising that in the face of the public record, Obama’s energy officials testified to Congress today, that the Solyndra scandal was all Bush’s fault
After spending months touting the Obama administration’s decision to loan $535 million to the California solar energy upstart Solyndra, top officials took a new tack Wednesday while testifying before Congress about the company’s abrupt shut-down and bankruptcy: the loan, they said, was actually the Bush administration’s idea. The Energy Department’s top lending officer told Congress that the Solyndra loan application was not only filed during President Bush’s term, but it surged towards completion before Obama took office in January 2009.
“By the time the Obama administration took office in late January 2009, the loan programs’ staff had already established a goal of, and timeline for, issuing the company a conditional loan guarantee commitment in March 2009,” said Jonathan Silver, who heads the Energy loan program.
Blaming the failed loan on the Bush administration marked an abrupt turn for the Energy Department, which had championed the Solyndra loan as a model for its efforts to build a so-called “green energy” industry that creates jobs and safeguards the environment. The Solyndra loan was so central to this strategy that the administration initially planned to have Obama personally announce it, and later sent the president to the company’s solar panel manufacturing facility in Fremont, California to celebrate its work.
I guess it all goes to show you that according to the Obama administration a unanimous no vote on a loan is really a yes, well, either that or the administration is simply lying to the American people…again.