John Rossomando
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The Obama administration’s sweetheart deal that gave $535 billion in stimulus money to Solyndra, the recently shuttered solar panel manufacturer with ties to a major donor, could be the tip of the iceberg.
Florida Rep. Cliff Stearns, who chairs the Oversight and Investigations subcommittee in the House Energy and Commerce Committee, says more companies that received stimulus money to promote the administration’s “green jobs initiative.”
He wouldn’t discuss details, but he promises more investigations are coming.
The question remains as to whether Soyndra financier George Kaiser secured special treatment for the enterprise even though it was insolvent. Solyndra never turned a profit between 2005 when it was founded and last month when it put over 1,100 employees out of work.
According to The Daily Caller, Kaiser gave $53,500 to Obama’s 2008 presidential campaign, and Solyndra executives contributed a further $34,000.
Did this have anything to do with President Barack Obama, Vice President Joseph Biden and Energy Secretary Stephen Chu placing their necks on the line by personally showcasing Solyndra as the poster child of its “green jobs initiative”?
Internal e-mails seem to suggest someone high up in the Obama administration had a role in pushing Solyndra through despite warnings from the Office of Management and Budget that the deal “wasn’t ready for prime time.”
What I find even more astounding was Solyndra’s response when I first reported about the loan guarantee last winter when they denied having received any of the money.
The interesting to me about the whole Solyndra debacle is the media’s tardiness in reporting on considering I reported on everything that has come out in The Daily Caller last February. And The Wall Street Journal reported that funny business was underway in 2010.
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