Top-ranking Obama Administration officials, including possibly President Barack Obama himself, pushed for the now-infamous Solyndra loan despite warnings about the company’s viability by administration analysts. The Washington Post reports:
White House staff discussed in e-mails that either President Obama or his former chief of staff Rahm Emanuel were eager to help spotlight a solar company in early 2009, despite numerous internal warnings that the company could be financially unstable, according to newly obtained e-mails…
“Ron said this morning that the POTUS definitely wants to do this (or Rahm definitely wants the POTUS to do this?),” one White House staffer told an Obama scheduler on Aug. 17, 2009, referring to Ron Klain, former chief of staff for Vice President Joe Biden.
And there’s more:
An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.
“How hard is this? What is he waiting for?” wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. “I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this.”…
The emails occurred less than two weeks after Spinner received a three-page ethics agreement in which he pledges he will “not participate in any discussion regarding any application involving [his wife's law firm] Wilson [Sonsini Goodrich & Rosati].”
The White House has thus far insisted Spinner had no input into the Solyndra loan. Guess again! Not only was Spinner in contact with the White House about the loan, but he was also in contact with Solyndra’s executive in charge of marketing. How long before he gets shoved under the bus?
By the way, the Department of Energy was explicitly warned by the Treasury Department that its pending refinancing of Solyndra’s loan was possibly improper. The agency was advised to seek approval from the Department of Justice. It never happened.
“In February, we requested in writing that DOE seek the Department of Justice’s approval of any proposed restructuring,” Mary Miller, assistant secretary wrote in a August 17, 2011 memo to OMB deputy chief Jeffrey Zients. “To our knowledge that never happened.”
President Solyndra.


by Stephan Tawney on October 7, 2011