EPIC FAIL! Obama was Warned about Solyndra Laying off Workers

So Obama knew about the upcoming layoffs, yet he still gave hundreds of millions of dollars? and this is the guy saying he needs more power to ‘streamline investments’? Seriously?

(Bloomberg) The Obama administration knew before the 2010 election that Solyndra LLC, a solar-panel maker that received a $535 million U.S. loan guarantee, planned to fire workers, according to e-mails released today.

The messages don’t indicate that anyone from the White House directed Solyndra to delay announcing the layoffs until after the vote. Previously released e-mails, indicating the Energy Department urged Solyndra to postpone the cuts, have been cited by House Republicans who say politics influenced Solyndra’s award and last-ditch rescue bid that put taxpayers behind $75 million in private investment.

“Here’s the deal — Solyndra is going to announce they are laying off 200 of their 1200 workers,”Heather Zichal, a White House adviser, wrote to Carol Browner, then director of the office of Energy and Climate Change Policy, and other officials on Oct. 27, 2010. “No es bueno.”

The White House released the e-mails to the Republicans on the House Energy and Commerce Committee’s investigations panel, which has been investigating Solyndra’s loan guarantee since February.

Kathryn Ruemmler, counsel to President Barack Obama, said in a letter to Representatives Fred Upton, a Michigan Republican and chairman of the energy committee, and Cliff Stearns, a Florida Republican who heads the investigations panel, that congressional investigators have now received more than 186,000 pages of documents from the administration and 72,000 pages from Solyndra investors.

Read more at Bloomberg…

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  • Bill

    Isn’t this considered theft then? If you know the company you’re giving money to is about to fail, and you still do it with taxpayer dollars. Then its stealing.

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