Solyndra asked to delay layoffs until after mid terms

What this proves is that the White House knew darn well that Solyndra would become a huge political issue if it went under, or showed signs of distress.

They were right:

CNN:

The memorandum released Tuesday by the investigating subcommittee of the House Energy and Commerce Committee said warning signs about the Solyndra loan guarantee emerged throughout the review process prior to its approval in 2009.

[...]

According to the memorandum, Solyndra faced financial troubles and was seeking more government help in 2010, after Obama had visited the company to tout its benefits.

It said Solyndra Chief Executive Officer Brian Harrison e-mailed the Department of Energy on October 25, 2010, that the company had received inquiries from the media and potential investors about rumors of financial problems.

Harrison stated he wanted to proceed with a planned internal announcement of layoffs on October 28, the memorandum said, adding that Harrison's e-mail was forwarded to Jonathan Silver, the executive director of the energy department's loan programs office, as well as Chu's chief of staff.

Silver, in turn, forwarded the e-mail to Carol Browner and Ron Klain, who were top advisers to Obama and Vice President Joe Biden, and another White House staff member in Browner's office, the memorandum said.

During discussions on October 30, 2010, between advisers for Argonaut Private Equity -- a major Solyndra investor founded by Obama fundraiser George Kaiser -- and the Department of Energy, department officials "did push very hard" for Solyndra to "hold our announcement of the consolidation to employees and vendors to November 3," the memorandum said.

Solyndra has bee a key that already has unlocked several other loan guarantees and grants to companies where Democratic contributors would benefit from government money being invested. One wonders how many more Solyndras are out there if they tried so ahrd to stave off the political fallout.



What this proves is that the White House knew darn well that Solyndra would become a huge political issue if it went under, or showed signs of distress.

They were right:

CNN:

The memorandum released Tuesday by the investigating subcommittee of the House Energy and Commerce Committee said warning signs about the Solyndra loan guarantee emerged throughout the review process prior to its approval in 2009.

[...]

According to the memorandum, Solyndra faced financial troubles and was seeking more government help in 2010, after Obama had visited the company to tout its benefits.

It said Solyndra Chief Executive Officer Brian Harrison e-mailed the Department of Energy on October 25, 2010, that the company had received inquiries from the media and potential investors about rumors of financial problems.

Harrison stated he wanted to proceed with a planned internal announcement of layoffs on October 28, the memorandum said, adding that Harrison's e-mail was forwarded to Jonathan Silver, the executive director of the energy department's loan programs office, as well as Chu's chief of staff.

Silver, in turn, forwarded the e-mail to Carol Browner and Ron Klain, who were top advisers to Obama and Vice President Joe Biden, and another White House staff member in Browner's office, the memorandum said.

During discussions on October 30, 2010, between advisers for Argonaut Private Equity -- a major Solyndra investor founded by Obama fundraiser George Kaiser -- and the Department of Energy, department officials "did push very hard" for Solyndra to "hold our announcement of the consolidation to employees and vendors to November 3," the memorandum said.

Solyndra has bee a key that already has unlocked several other loan guarantees and grants to companies where Democratic contributors would benefit from government money being invested. One wonders how many more Solyndras are out there if they tried so ahrd to stave off the political fallout.



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