Bob Owens

The saddest truth in politics is that people get the leaders they deserve

Obama Energy Dept pushed Solyndra to conceal layoffs until after 2010 midterms

Written By: Bob - Nov• 15•11

Something crooked this way comes.

The Obama administration urged officers of the struggling solar company Solyndra to postpone announcing planned layoffs until after the November 2010 midterm elections, newly released e-mails show.

Solyndra, the now-shuttered California company, had been a poster child of President Obama’s initiative to invest in clean energies and received the administration’s first energy loan of $535 million. But a year ago, in October 2010, the solar panel manufacturer was quickly running out of money and had warned the Energy Department it would need emergency cash to avoid having to shut down.

The new e-mails about the layoff announcement were released Tuesday morning as part of a House Energy and Commerce committee memo, provided in advance of Energy Secretary Steven Chu’s scheduled testimony before the investigative committee Thursday.

Solyndra’s chief executive warned the Energy Department on Oct. 25, 2010, that he intended to announce worker layoffs Oct. 28. He said he was spurred by numerous calls from reporters and potential investors about rumors the firm was in financial trouble and was planning to lay off workers and close one of its two plants.

But in an Oct. 30, 2010, e-mail, advisers to Solyndra’s primary investor, Argonaut Equity, explain that the Energy Department had strongly urged the company to put off the layoff announcement until Nov. 3. The midterm elections were held Nov. 2, and led to Republicans taking control of the U.S. House of Representatives.

The Obama Administration sure seems intent on putting the “crony” in “crony capitalism” for as long as they can before the economy collapses from their handiwork.  It will be amazing if this government isn’t impeached and indicted before the 2012 elections.

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One Comment

  1. louielouie says:

    It will be amazing if this government isn’t impeached and indicted before the 2012 elections.

    i disagree 100%. hussein could walk into a convenience store in downtown deecee, take a secret service agents weapon, shoot the clerk dead, return the weapon to the agent, all in full view of witnesses, and congress won’t do a damn thing about it. think about if for just a little longer than a second. think of the make up of the senate. look at the polling numbers. a little over 45% of america is just fine with where we are today.
    may i make an OT observation you may have already posted on, and i missed?
    just thinking out loud here. but why is hussein so anti-second amendment, yet doesn’t have a problem with the iranians having a nuke? just curious.