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    Teapot Solyndra, Part 2

    Teapot Solyndra, Part 2

    When I dubbed the nascent Solyndra scandal “Teapot Solyndra” in memory of the Teapot Dome Scandal, I worried that I might be getting ahead of myself.

    But with this administration, it’s hard to get ahead of oneself.  Fearing the worst usually is the safest bet.

    And that worst fear seems to becoming true, as the coordination by the administration at high levels to push a massive loan through for political purposes is becoming the scandal which may be for the Obama administration what oil leases and bribes were to the Harding administration.

    As reported by Bloomberg (and many other places):

    President Barack Obama’s aides pressured White House budget officials to complete a review of a $535 million U.S. loan guarantee to Solyndra LLC, a solar-panel maker that has filed for bankruptcy protection, according to a House committee report based on e-mails and other documents.

    Republicans on the House Energy and Commerce Committee released the findings of a seven-month investigation into U.S. support for Fremont, California-based Solyndra before a scheduled hearing today with two witnesses from the administration. The Department of Energy and the Office of Management and Budget “did not take adequate steps to protect taxpayer dollars,” according to the report.

    Solyndra was a focal point of Obama’s energy and political plans, and his administration did everything it could to get the deal done so Obama and Joe Biden could run around the country trumpeting the deal as a keystone of economic and job growth.

    As pointed out at NRO, which has a good history of the deal, the loan was from Obama’s Stimulus Plan funds, so the scandal goes to the core failure of one of Obama’s claimed achievements.

    This was a rotten deal done for political purposes.  We don’t know if money changed hands, but we do know that money was traded for political sound bites and photo ops, which is worth more than money to Obama’s campaign.

    Update:  Obama administration officials are trying to blame Bush, but that doesn’t hold up because the Bush administration rejected the loan as premature.  Some interesting background on the Teapot Dome Scandal and the appointment of special prosecutors is here.

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    Comments


    […] Boob are below 50% in California but still at a relatively strong 49%. But wait a few more months. Wait till Solyndra and other corruptions take their toll on the Obama favorability ratings. Wait until more White House emails emerge about the $500 million rip-off of taxpayer […]


     
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    rangerjagc | September 14, 2011 at 6:08 pm

    The most ironic part of this scandal is that VP Biden was supposed to be the “watchdog,” making sure all the stimulus dollars were well spent and making sure there was no waste, fraud or abuse. Now it looks like he and his office were primarily instrumental in pushing this loan guarantee through when it should not have been approved under normal circumstances.


     
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    Victor Erimita | September 14, 2011 at 7:37 pm

    I may be getting too far ahead here, but many MSM outlets are picking up this scandal story now, including ABC News, Washington Post and more. This coincides with a sudden surge in negative stories in the MSM about Obama, including many in the Democrat leadership openly criticizing him, negatives comments by Andy Stern, Richard Cohen saying Obama has “lost the Hamptons” and so on. The Left is clearly alarmed at Obama’s plummeting numbers.

    So, given that since Journolist we know for certain the MSM actively cooperates to create the “news” narrative, and given that the scandal aspects of the Solyndra story are recently breaking in numerous MSM outlets, is it possible they intend to use the Solyndra scandal to torpedo Obama? They can’t use Obamacare, crushing regulation, the “stimulus” or any of the Dem policy failures without discrediting the entire party, but the Solyndra thing can be pinned on Obama’s people alone.

    Just asking.


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