Did You Know...


Taxpayers Were Almost on the Hook for an Additional $469 Million When Solyndra Went Under

By Doug Powers  •  October 6, 2011 09:06 AM

**Written by Doug Powers


The Obama administration was preparing to toss another very expensive life preserver, but Solyndra had already forever slipped beneath the rolling, green waves.

From the Washington Post:

The Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.

The Energy Department was actively pushing to provide the second loan guarantee to the troubled solar-panel manufacturer in April and May 2010, when Solyndra’s auditors warned the company was in danger of closing due to its rapidly mounting debts and expenses, according to complete e-mails just released by a House committee investigating the original loan.

That would of course have been on top of the original $535 million loan.

Emails the WaPo cites show that at least one OMB analyist joked about the situation:

“Possible to close and default on one before closing on a second??? Could be a new record.”

I can’t help but wonder what the existing record is. But it doesn’t matter, because in Washington these days, hindsight is 20/20. Foresight is nonexistent.

**Written by Doug Powers

Twitter @ThePowersThatBe

Marie Harf: Hey, Trump couldn’t be defeating ISIS without Obama doing so little about it

December 28, 2017 05:07 PM by Doug Powers

The Obama admin preferred to blame climate change

Confirmed: Obama & his flacks need some self-awareness for Christmas

December 24, 2017 08:37 AM by Doug Powers


Anybody surprised? Susan Rice slams Trump’s ‘America First’ approach

December 21, 2017 08:16 PM by Doug Powers

She’s more comfortable with “America Fiftieth” or so.

How can MSM prove they’re making ‘honest mistakes’ about Trump? Simple

December 10, 2017 09:13 AM by Doug Powers


Categories: Barack Obama, Donald Trump, Media, Media Bias