Wednesday, September 14, 2011

What a difference a day makes...

"Solyndra had been named one of the world's 50 most innovative companies and reported sales growth of 40% to $140 million last year. In 2006, the company applied for a federal loan guarantee. It underwent years of rigorous internal and external review before being approved--before the perfect storm of deteriorating market conditions."--Deputy Energy Secretary Daniel Poneman, op-ed piece, USA Today, Sept. 13

"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. . . . 'We have ended up with a situation of having to do rushed approvals on a couple of occasions (and we are worried about Solyndra at the end of the week),' one official wrote. That Aug. 31, 2009, message, written by a senior OMB staffer and sent to Terrell P. McSweeny, Biden's domestic policy adviser, concluded, 'We would prefer to have sufficient time to do our due diligence reviews.' "--news story, Washington Post, Sept. 14

(h/t: Wall Street Journal's "Best of the Web Today")

1 comment:

Cali Tatum said...

From King to Joker. All in a days work. Aside from declaring 9-11 National Grandparents Day.