Elections Matter–Ask The Executives At Solyndra

Ed Morrissey at Hot Air reported today that the executives at Solyndra were putting heavy pressure on the Bush White House in as late as January 2009 to approve a government loan for the company.

The article reports:

On Jan. 12, 2009, Solyndra CEO Chris Gronet sent an Energy Department official an email marked “urgent” expressing outrage that Bush officials had decided a few days earlier that while the loan application had “merit” it needed further study before officials could move forward with a taxpayer-financed loan.

“I was appalled to learn on Friday that our application is being delayed yet again,” Gronet wrote to Energy official Steve Isakowitz, writing there had been “countless communications” back and forth suggesting the application would be reviewed Jan. 15.

The delay was a decision by the Bush administration to wait for an independent market analysis on January 9, 2009, before giving aid to the company.

The article further reports:

The next day, Jan. 13, 2009, [Bush DoE official Lachlan] Seward sent his email to Energy Department colleagues saying it was time to stop engaging with Solyndra officials.

There were no outside influences in this decision, and when the Bush administration looked at the loan request, it simply did not look like a good investment of taxpayer money.

Enhanced by Zemanta

2 thoughts on “Elections Matter–Ask The Executives At Solyndra

  1. I just want to mention I am just all new to blogging and site-building and really savored you’re web site. More than likely I’m want to bookmark your site . You really have beneficial posts. Bless you for revealing your web page.

Comments are closed.