Bad Jobs numbers, people entering the workforce can’t find employment…and hey, it looks like Obama’s Chief of Staff Bill Daley was briefed about Solyndra’s impending demise six months before it happened and before the White House approved the loan restructuring.
So the White House knew about the impending failure, and decided that the major PR hit they would take after making it the centerpiece of their Green Jobs economy was worth having DOE restructure the loan anyway, against the objections of the Office of Management and Budget. The end result was another 385 million in taxpayer money thrown into a hole in an effort to keep Obama and Biden from looking bad.
House Energy/Commerce
Bank of Washington
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Steve is a long-time New Hampshire resident, an award-winning blogger, and a member of the Board of Directors of The 603 Alliance and the National Heritage Center for Constitutional Studies. He is the owner of Grok Media LLC and the Managing Editor, Executive Editor, assistant editor, Editor, content curator, and more (yes, there's more) at GraniteGrok.com. Steve is also a former board member of the Republican Liberty Caucus of New Hampshire, the Republican Volunteer Coalition, and has worked for or with many state and local campaigns and grassroots groups, and is a past contributor to the Franklin Center for Public Policy.
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Bad Jobs numbers, people entering the workforce can’t find employment…and hey, it looks like Obama’s Chief of Staff Bill Daley was briefed about Solyndra’s impending demise six months before it happened and before the White House approved the loan restructuring.