Sep 15 2011
I have hesitated to pontificate too much on the gun runner fiasco that let thousands of guns out on the street to maim and kill. Trust me, the government bureaucracy is capable of immense mistakes caused by what normal people would call criminal negligence. Basically, stupidity at such a level it is a danger or threat to others, but is not accompanied with an intent to harm.
But the recent recent news about the Obama administration funneling hundreds of millions of $$$ in loans to a ‘green company’ that promptly blew the money and went bankrupt – for the taxpayer to bail out – is not just stupidity run amok. While stupid, it was also clearly premeditated:
The Obama White House tried to rush federal reviewers for a decision on a nearly half-billion-dollar loan to the solar-panel manufacturer Solyndra so Vice President Biden could announce the approval at a September 2009 groundbreaking for the company’s factory, newly obtained e-mails show.
The Silicon Valley company, a centerpiece in President Obama’s initiative to develop clean energy technologies, had been tentatively approved for the loan by the Energy Department but was awaiting a final financial review by the Office of Management and Budget.
The August 2009 e-mails, released exclusively to The Washington Post, show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to information provided by Republican congressional investigators.
Solyndra collapsed two weeks ago, leaving taxpayers liable for the $535 million loan.
One e-mail from an OMB official referred to “the time pressure we are under to sign-off on Solyndra.” Another complained, “There isn’t time to negotiate.”
Emphasis mine of course. Earlier this week I claimed the emails clearly showed White House pressure to make the decision based on a political photo op and not on due diligence, as is the responsibility of all government employees. By circumventing the legal process and pushing the decision to a major Obama contributor, the inexperienced ignoramuses in the White House forgot there are bright legal lines that cannot be crossed that insulate the functions of government from political malfeasance.
It is clearly illegal to bypass laws and override concerns when it comes to handing out taxpayer money. These are known as political pay offs and in this case there is little doubt it occurred. Just answer this question: would Solyndra have garnered the special loan and conditions of the White House stayed neutral? Clearly not, since the business case (making solar cells at many times the going price) is laughable.
This White House is now in serious, serious legal trouble. From now on it will have one and only one priority – protect itself. It’s political capital is now spent and it can only limp to a 2012 defeat. There will be no impeachment – the country has no will or taste for that at the moment. But America will count down the days to fire these buffoons and look to hire new management.