Thursday, September 15, 2011

Solyndra Employee: You Wonder Where All the Money Went

New Emails Show Obama Officials Knew Solyndra Was In Financial Trouble, Worried It Could Hurt His Reelection Campaign…

WASHINGTON (AP) — ◼ White House officials discussed the political ramifications of a possible default by a troubled solar energy company that received more than $500 million in federal loans.

That’s according to newly released emails.

The emails show the Obama administration privately worried about the effect of a default by Solyndra Inc. on the president’s re-election campaign.

One of the emails from an administration official said the timing will likely coincide with the 2012 campaign season heating up.

The email, released by the House Energy and Commerce Committee as part of its investigation into the Solyndra loan, showed Obama administration officials were concerned about Solyndra’s financial health even as they publicly declared the solar panel maker in good shape.