I wait with baited breath at what the investors and executives at the disgraced Solyndra have to say in front of Congress, preferably under oath. The whole affair stinks to high heavens. Americans shouldn’t have to foot the bill for a company that never stood a chance in the first place. It was pure and simple crony capitalism which appears to be all that Barack Hussein Obama knows to do with his power as President. He has been picking winners and losers since the beginning and the winners appear to be bundlers for his campaign, the losers of course are We The People. Let The Chips Fall Where They May
Executives from solar panel manufacturer Solyndra, which received over a half a billion dollars in loan guarantees from the Obama administration before filing for bankruptcy last week, are in negotations with the House Energy and Commerce Committee to openly testify before Congress next week, according to Rep. Cliff Stearns, R-Fla., the chairman of the panel’s subcomittee on oversight and investigations.
The company’s president and chief executive, Brian Harrison, and W.G. Stover, Jr., its chief financial officer, were asked to testify as part of tomorrow’s committee hearing on the questionable loans, which have embroiled the Obama administration in what Stearns deemed a “full-blown scandal.” The company’s offices were raided by the FBI last week.
Stearns, speaking to bloggers at the Heritage Foundation, said the executives called the committee staff yesterday and asked whether they would be allowed to delay their testimony until next week. If they were granted the additional time, they said they’d agree not to exercise their Fifth Amendment right not to answer questions.
It would appear those executives are looking to save their skin and not the President’s, which is very smart on their parts.