Obama DOE urged Solyndra to postpone layoff announcement until after Nov 2010 election

My colleague TWB just linked to a CBS News story that exposed a dozen risky loans made by the Department of Energy to ‘green energy’ companies.  Five of those companies including Solyndra, have now filed for bankruptcy protection.

This week’s Friday White House document dump also yielded more interesting information about the crony relationship between Solyndra, the Department of Energy, and the Obama White House.  Although the documents make no specific accusations, anyone who is willing to ‘question the timing’ of the events surrounding the Nov. 3, 2010 announcement of layoffs by Solyndra will discover an interesting chain of events:

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.

“DOE continues to be cooperative and have indicated that they will fund the November draw on our loan (app. $40 million) but have not committed to December yet,” a Solyndra investor adviser wrote Oct. 30. “They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3rd – oddly they didn’t give a reason for that date.”

Americans For Prosperity has capitalized on these developments in a new TV ad that will be heavily marketed in swing states:

Allahpundit notes that AFP has stretched a few details to fit their narrative (but hey it’s a political ad, right?) much the same way the Obama campaign has stretched the details about Mitt Romney and Bain Capital:

… [No], they didn’t necessarily “know” that Solyndra’s workers would all end up being laid off. They simply didn’t think much about it at all because they were too keen on impressing the left with their astounding generosity towards green companies, especially green companies whose big investors included top Obama bundlers. Much better, no? The pushback here from the White House, I take it, will be that not every investment succeeds and that they shouldn’t be judged solely by the turkeys on their balance sheet. To which Mitt Romney, alleged cold-hearted layoff specialist, replies: Exactly.

Heh.  And it will be fascinating to see what turns up in White House document dumps in the near future.

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  • http://www.pohdiaries.com/ TWB

    I wonder if when Obama said he had the fourth best Administration in history he actually meant the fourth most corrupt?

    I’m sure the corruption in the Obama Administration that we “don’t” know about would make our collective heads spin.

  • ackwired

    I see what you mean.  I wish they had concentrated on the corruption aspect instead of trying to link it to unemployment.  It doesn’t really work.  By the way, did you mean the Gingrich campaign when you said that the Obama campaign was stretching the truth about Romney and Bain?  I haven’t heard anything out of the Obama campaing about this yet.

    • lasveraneras

      From the WSJ the day before yesterday.  “A memo from deputy campaign manager Stephanie Cutter,
      titled “Romney’s Economic Record: Profit at Any Cost,” charges that the
      former Massachusetts governor’s “objective in business was never job
      creation.” Rather, Ms. Cutter writes, Mr. Romney’s primary goal was to
      make investors millions of dollars.”

      • ackwired

        Thanks.

        ________________________________
        From: Disqus
        To: ackwired@yahoo.com
        Sent: Sunday, January 15, 2012 12:01 PM
        Subject: [wizbang] Re: Obama DOE urged Solyndra to postpone layoff announcement until after Nov 2010 election
        Disqus generic email template

        lasveraneras wrote, in response to ackwired:
        From the WSJ the day before yesterday.  “A memo from deputy campaign manager Stephanie Cutter, titled “Romney’s Economic Record: Profit at Any Cost,” charges that the former Massachusetts governor’s “objective in business was never job creation.” Rather, Ms. Cutter writes, Mr. Romney’s primary goal was to make investors millions of dollars.”
        Link to comment

  • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

    I’m slowly wondering if Ron Paul wanting to take out the Department of Energy, Education, etc, is not such a crazy idea since they’re filled with corruption…

    • herddog505

      Try to keep this idea firmly in your mind from now on.

      Additionally, even if government agencies / workers are not “corrupt”, why do we need 2.8 MILLION federal workers (not counting uniformed military personnel)?  What can these people possibly do all day that’s worthwhile?  Are we even remotely getting our money’s worth?  Or have we reached a point where it’s OK to hire government workers because – HEY! – it’s a job for somebody?

  • http://pulse.yahoo.com/_DURQAIDKJNQEPHGHK6YNUU5TY4 wfw

    Want to thank all of you, for your Powerfull stand against Oboma & His Corrupted political partners.
    But there is so much more we can do. Being aggressive and focusing on the facts and truth is only the first
    step.
    We musT follow Up with more details standing by our convictions and dont back down.
    Oboma has NOT brought CHANGE, In fact ~! ~ THE ONLY real THING needing CHANGE !….Was Barack
    Hussein Obama II.
                       HIMSELF
    Barack Hussein Obama II ( Who hates American Values ) who is A ” SELF PROCLAIMED Enemy” ~of
    responsible, Morally Conscious HARD WORKING Americans.
    oBOMAS Irresponsible & DRUG MAFIA and reckless supporters KNOW~ that Barack Hussein Obama II,
    WILL FORCE YOU to paY THEM, out of your PockeT
     .{ FOR all of their UNCHECKED Vices and THRILLS/ { All on YOU | / At your COST & Sacrifice.
    …This UN~CHANGABLE fraud, has done His VERY BEST to Inspire VIOLENCE. THESE ARE OBAMAS OWN WORDS.. saying ………To his supporters.
    Saying “Get ready for hand-to-hand combat with your Fellow Americans”
     
    – Obama has ALSO DECLARED to his Supporters.
    “I want all Americans to get in each others faces!– Obama demands !
     “You bring a knife to a fight pal, we’ll bring a gun” –
    THESE ARE OBAMAS OWN WORDS..
    ANGER VIOLENCE and more taxes….. THIS IS OBAMAS Change for america
    /“Hit Back Twice As Hard”. He commands !
    *Obama on the private sector: ~~ “We talk to these folks…~ / so I know whose a*$ to KICK.“ OBOMA wants
    to KICK your a*$ /
    Shouting THAT Republican victory would mean ~ “hand to hand combat”
    HE IS EXPECTING people to be on Edge and BORDERLINE killing MODE, VIOLENT / and STAND up for their
    immoral CAUSES and THIS IS WHAT HE LIVES FOR ./ ./ ./
    THESE ARE OBAMAS OWN WORDS.. !
    * Obama Tells democrats: “ I’m itching for a fight.” !
    ….PLEASE…. go to reXes NEW WebsiTe ~ ! Oboma *( Just like Adolf Hitler~~
    oBOMA~~~ Demands ! — [ THE FINAL SOLUTION – for Un~Wanted Children
     Barak Obama is A MURDERER .~Torturing UNWANTED babys on DEATH ROE
    CLICK HERE   http://obomlnation.webstarts.com/index.html
     
    OBAMA TAKES a little NEW BORN innocent child. BORN. ALIVE sTabS it iN the head SUCKs ITS BRAINS
    OUT.

    • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

      Man, you sound like a guy I knew from the old NewsMax forums, before there were “blogs” and similar sites and message boards were where the discussions happened.  I think it was “Ronnie” but my brain may be failing . . . he was a Vietnam vet who posted conspiracy stuff and ignored the flaming he got, would from time to time talk about his service. 

      We thought he was just talking when he told us his CO had written a book about their tour of duty, but then he had a link to it, it looked legit.  Then he kept getting excited about rumors in his vet circle about a movie deal, saying Mel Gibson was interested.  We thought he was nuts. 

      Then “We Were Soldiers” came out, starring Mel Gibson, and we began to understand what Ronnie had been through, but just then Ruddy shut down the boards because too many whiners complained to his email.  Never heard from him again.

      Is that you, Ronnie? I was “Jethro Tull” on that board.

  • http://pulse.yahoo.com/_UG44B3BSUSA2IKDMLCB2AMJ4OM Porkulus Chopius

    This is an excellent example of how Shitcago and Illinois does it’s political business.

  • GarandFan

    Hey!  It’s ONLY taxpayer money.  According to Democrats, there’s a lot more where that came from.  Until they run out, like their much vaunted European betters did.

  • retired.military

    But But Stephen said that Obama’s green energy efforts were great and were one of the highlights of his job creation strategies.

    • http://pulse.yahoo.com/_R7FMXY3DZP7JF7SGSPIOSLLXNE Stephen

      Do you have a link to that?

      Oh, sorry – I forgot you’re an idiot who just spews bullshit.

  • 914

    green energy is so much cow shit! If i want it, i go out to the pasture and flip a pattie!

  • http://pulse.yahoo.com/_R7FMXY3DZP7JF7SGSPIOSLLXNE Stephen

    Really? You’re claiming that the White House is behind Newt’s efforts to exploit Mitt’s relationship and time with Bain?

    HAHAHAAAAAHAAHAHAHAAAHAHHAAAAHAAA

    This blog gets funnier every week. Next you’ll be teling us Obama’s birth certifcate is fake and he’s really a Muslim from Kenya.

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