Washington Post: Solyndra Loan Was "Infused" With Politics

By:  Brian Koenig
12/28/2011
       
Washington Post: Solyndra Loan Was "Infused" With Politics

Even the left-leaning Washington Post has acquired a sour taste over the Obama administration’s deplorable investment in Solyndra, the defunct solar-panel maker that reaped more than $500 million in taxpayer-backed loan guarantees. The administration’s fervor for the so-called "green" energy program, the newspaper noted in a recent article, was "infused" with political motives that spawned reckless policymaking and resulted in millions of wasted taxpayer dollars.

"Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal e-mails," the article reads. "Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and officials at the White House."

"The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra."

Even the left-leaning Washington Post has acquired a sour taste over the Obama administration’s deplorable investment in Solyndra (left), the defunct solar-panel maker that reaped more than $500 million in taxpayer-backed loan guarantees. The administration’s fervor for the so-called "green" energy program, the newspaper noted in a recent article, was "infused" with political motives that spawned reckless policymaking and resulted in millions of wasted taxpayer dollars.

"Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal e-mails," the article reads. "Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and officials at the White House."

"The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra."

Click here to read the entire article.

Photo: An auction sign is shown at bankrupt Solyndra headquarters in Fremont, Calif., Monday, Oct. 31, 2011: AP Images

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