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HomePatriot DispatchesSolyndra Is Not Just Another Company Going Out Of Business

Solyndra Is Not Just Another Company Going Out Of Business

They have been on top of the list of requested documents from the Congressional Republicans to the Office of Budget and Management and have been rebuffed by the same OMB and the White House What Does The White House Have To Hide

The collapse of Solyndra, the solar panel company to which the federal government extended more than half a billion in loan guarantees as part of the stimulus package, ought to be a national disgrace in and of itself.

February 17, 2011 – Committee Leaders submit a letter to Energy Secretary Chu seeking documents and information about the $535 million loan guarantee that the DOE Loan Guarantee Program awarded Solyndra, Inc. DOE complies with the request.

March 14, 2011 – Committee Leaders submit a letter to OMB requesting key documents and information concerning the review of the Solyndra loan guarantee. A two week deadline is set.

March 17, 2011 – Subcommittee on Oversight and Investigations holds a hearing on DOE Recovery Act Spending.March 28, 2011 – OMB fails to meet the Committee deadline.

June 7, 2011 – After weeks of back and forth, an in camera review takes place with Committee staff and OMB staff. OMB selected eight emails between OMB and DOE to make available to Committee staff, and refused to produce the rest of the emails or the agreed-upon internal OMB emails and documents.

June 23, 2011 – Oversight and Investigations Subcommittee Chairman Cliff Stearns responded in a letter to OMB after it refused to share requested documents by the Committee regarding the Solyndra loan guarantee investigation.

June 24, 2011 – The Subcommittee on Oversight and Investigations held a hearing regarding OMB’s Role in the DOE Loan Guarantee Process. Sole witness Jeffrey Zients, Deputy Director of the Office of Management and Budget was a no show.

July 11, 2011 – Committee staff conduct a second in camera review. Committee staff asked OMB about the production of the other categories of documents sought by this Committee, specifically, OMB’s internal communications and documents relating to Solyndra, and its communications with the White House. As the OMB had done for months, OMB staff refused to provide and answer about whether they would produce these materials, and instead maintained that the OMB-DOE communications sufficiently show whether or not OMB had has done its job with regard to Solyndra.

July 12, 2011 – Energy and Commerce Committee leaders announced the Subcommittee on Oversight and Investigations were to hold a business meeting on Thursday, July 14, 2011 to consider a motion authorizing the issuance of a subpoena for certain records of the Office and Management and Budget relating to the Department of Energy’s issuance of a loan guarantee to Solyndra, Inc. on September 2, 2009.

July 13, 2011 – Oversight and Investigations Subcommittee Chairman Cliff Stearns wrote a letter to the Director of the Office of Management and Budget (OMB) to provide a final opportunity to avoid the issuance of a subpoena. OMB refused.

July 14, 2011 – The Subcommittee on Oversight and Investigations held a business meeting to consider the issuance of the subpoena. The Subcommittee voted to issue the subpoena 14 to 8.

July 15, 2011 – The subpoena is issued to OMB, setting a July 22, 2011, deadline.

July 22, 2011 – OMB fails to meet the subpoena’s dealing. Oversight and Investigations Subcommittee Chairman Cliff Stearns informs OMB that they have failed to comply with the subpoena issued on July 15, 2011 regarding the Solyndra loan guarantee. Chairman Stearns requested that OMB produce the documents no later than 9:00 a.m. Monday, July 25, 2011.

July 25, 2011 – OMB fails to produce the documents by 9:00am deadline.

August 2011 – OMB agrees to produce all documents necessary to the Committee’s investigation, with appropriate safeguards relating to proprietary information. Production continues.

I suspect what they will find is that Solyndra was not really an actual company put together to help Americans get to work, so much as a political payoff to the fundraiser for Obama who made millions off of this venture Everything Obama Has Done Has Been Political Payback With American Tax Payer Dollars

A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.

Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of dollars.

Tulsa billionaire George Kaiser, a key Obama backer who raised between $50,000 and $100,000 for the president’s election campaign, is one of Solyndra’s primary investors. Kaiser himself donated $53,500 to Obama’s 2008 election campaign, split between the DSCC and Obama For America. Kaiser also made several visits to the White House and appeared at some White House events next to Obama officials.

Campaign finance records show Kaiser and Solyndra executives and board members donated $87,050 total to Obama’s election campaign.

And now, just two years after securing a half-billion-dollar federal loan, Solyndra has said that it will declare Chapter 11 bankruptcy.

We were going broke in 2008, we are definitely broke in 2011 because Barack Hussein Obama with his stimulus bill and in hindsight it stimulated all his FOAs (friends of Obama. Obama and Company have paid back way too many cronies to count and the dollar amounts are figures the Mob wished they could have dealt in.

JadedByPolitics
Whoever has his enemy at his mercy & does not destroy him is his own enemy

8 COMMENTS

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8 COMMENTS

  1. Nothing to see here.

    These are not the Totalitarians you are looking for.

    Move along.

    — — —

    I miss the good old days when ashtrays flew and people disappeared.

    Now, the abject b.s. flies and a nation disappears.

    Kenny Solomon
    Israel Survival Updates
    The American Survival Guide

    Typical bitterly clinging terrorist Hobbit hissing with feral cattiness.
    Reaganhu Akhbar !

  2. It’s sad that I’m not remotely surprised by this. I long since gave up having any hope that the Chicago Jesus was anything other than a dishonest thug.

    But I’ll never get over my disgust with the media for their willful blindness WRT the actions of this administration and the democrats in Congress in general. They have the freedom and the ability to inform the American people, to give our electorate the information they need to make decisions, and they cover for corruption so their partisan masters can still win. I am contemptuous of them.

    • Queen, it goes back much further than this, although the current corruption, Chicago-style is really in our face. Remember, Loral and MIRV tech sold to China and AlGore’s no controlling legal authority, the selling of the Lincoln bedroom? Even though the Bushies had a couple of wars to contend with, I can’t believe Clinton era appointees weren’t frog-marched away; the only guy who caught his breakfast back then was old Scooter “Scapegoat” Libby. When things turn over in 2013, I’d love to see real investigations of Barney Frank, Chris Dodd, and anyone with the title of czar under Obama, followed by orange jumpsuits. Charlie Rangel anyone?

  3. Why hasn’t every swinging Richard at the OMB been perp walked out of the office and their servers seized so an honest adult can sift through the emails? That’s exactly what would have happened to one of us that failed to comply with a gov’t issued subpoena.

  4. I happen to live near Solyndra, (just a mile or two from the closed NUMMI auto assembly plant).
    In both cases it’s this administration picking winners and losers. Unfortunately for our Country even the ‘winners’ he picks FAIL.

  1. Nothing to see here.

    These are not the Totalitarians you are looking for.

    Move along.

    — — —

    I miss the good old days when ashtrays flew and people disappeared.

    Now, the abject b.s. flies and a nation disappears.

    Kenny Solomon
    Israel Survival Updates
    The American Survival Guide

    Typical bitterly clinging terrorist Hobbit hissing with feral cattiness.
    Reaganhu Akhbar !

  2. It’s sad that I’m not remotely surprised by this. I long since gave up having any hope that the Chicago Jesus was anything other than a dishonest thug.

    But I’ll never get over my disgust with the media for their willful blindness WRT the actions of this administration and the democrats in Congress in general. They have the freedom and the ability to inform the American people, to give our electorate the information they need to make decisions, and they cover for corruption so their partisan masters can still win. I am contemptuous of them.

    • Queen, it goes back much further than this, although the current corruption, Chicago-style is really in our face. Remember, Loral and MIRV tech sold to China and AlGore’s no controlling legal authority, the selling of the Lincoln bedroom? Even though the Bushies had a couple of wars to contend with, I can’t believe Clinton era appointees weren’t frog-marched away; the only guy who caught his breakfast back then was old Scooter “Scapegoat” Libby. When things turn over in 2013, I’d love to see real investigations of Barney Frank, Chris Dodd, and anyone with the title of czar under Obama, followed by orange jumpsuits. Charlie Rangel anyone?

  3. Why hasn’t every swinging Richard at the OMB been perp walked out of the office and their servers seized so an honest adult can sift through the emails? That’s exactly what would have happened to one of us that failed to comply with a gov’t issued subpoena.

  4. I happen to live near Solyndra, (just a mile or two from the closed NUMMI auto assembly plant).
    In both cases it’s this administration picking winners and losers. Unfortunately for our Country even the ‘winners’ he picks FAIL.

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