ConservaDerrps
Rookie
- Banned
- #181
GE (paid no taxes and not a peep from the left....uh)
Solyndra (Green jobs boondogle)
Solyndra? Pfffffffffffffft. You mean that shit that Bush started with his friends and then Obama renewed?
What The Press Is Getting Wrong About Solyndra | Research | Media Matters for America
I know, Gramps. "Media Matters? LOLBERAL! LIBTARD!! KENYA!"
zzzzzzzzzzzzz.
The process they rejected, that Obama revived?
CLAIM: Email Saying Deal Was "NOT Ready For Prime Time" Was Warning About Financial Risk
ABC reported that internal emails "show the Obama administration was keenly monitoring the progress of the loan, even as analysts were voicing serious concerns about the risk involved. 'This deal is NOT ready for prime time,' one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan." [ABC News, 9/13/11]
CNN claimed "prime time" email showed "some White House budget analysts questioned early on how financially sound Solyndra was." [CNN, CNN Newsroom, 9/15/11, via Nexis]
Fox's Neil Cavuto: "Prime time" email was warning that "the loan could be very risky for taxpayers." [Fox News, Your World with Neil Cavuto, 9/14/11, via Nexis]
Wash. Examiner: "Prime time" email showed "some officials in the Obama Administration thought the loan was a lousy idea." [Washington Examiner, 9/14/11]
FACT: The Email Did Not Voice Any Concerns About Risk Of Loan
Email Concerned Timing Of Announcement, Not The Merit Of The Loan Guarantee. Republicans on the Energy and Commerce Committee released some of the context around this email, which was written by an analyst with the Office of Management and Budget, according to House Republicans. In response to an email about a potential announcement of the Solyndra loan during the President's visit to California on March 19, 2009, the analyst argued that the presidential announcement should not be made before the loan deal was completed. The email argued that "This deal is NOT ready for prime time" because there were more steps to be completed before the loan guarantee could be finalized -- namely, OMB had to review the credit rating and Solyndra needed to raise an additional $200 million in private capital. [House Energy and Commerce Republicans, 9/14/11]
Obama Did Not Announce A Deal During His March California Trip. On March 19, 2009, Obama visited California and held a town hall meeting in Los Angeles. He did not announce the Solyndra deal. The conditional commitment to Solyndra was issued on March 20 and announced by Energy Secretary Steven Chu in a press release. [Department of Energy, 3/20/09]
VP Announcement Came After Loan Guarantee Was Finalized In September. The Solyndra loan guarantee was formally issued by DOE on September 3, 2009. On September 4, Vice President Joe Biden announced the deal via satellite at the groundbreaking of the plant along with DOE's Chu and Arnold Schwarzenegger, who was the Governor of California at the time. [Department of Energy, 9/4/09; Contra Costa Times, 9/5/09]
OMB Reviews Credit Subsidy Cost; It Does Not Select Loan Guarantee Recipients. From the Congressional testimony of Jeffrey Zients of the Office of Management and Budget:
Psst. It's from the link.