Solyndragate cash for contributors program started two weeks after Obama’s election

September 15, 2011 09:56


two weeks before President George W. Bush left office, the Energy Department’s credit committee voted against a loan commitment for Solyndra. – IBD

Investor’s Business Daily


EXCERPTS:

The emails show these statements to be false and that the White House knew Solyndra, whose major investor was Tulsa billionaire and Obama fundraiser George Kaiser, was at risk of going under.

Rep. Fred Upton, R-Mich., chairman of the House Energy and Commerce Committee, and Rep. Cliff Stearns, R-Fla., chairman of the panel’s oversight and investigations subcommittee, said last week that an FBI raid of a Solyndra factory confirmed their belief that the White House’s green energy centerpiece was a “bad bet” from the start.

Yet the results of the congressional probe to date shared with ABC News show that on Jan. 9, 2009, two weeks before President George W. Bush left office, the Energy Department’s credit committee voted against a loan commitment for Solyndra.

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