2011-09-14 Home Front: Politix
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Project Solyndra: In the Spotlight -- House Hearing on Wednesday
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On Fox Special Report tonight, Jonah Goldberg reminded us all of the Enron doings. He stated, "I could never find any connection of Bush with Enron, yet, he got tagged with the financial crisis."
Mod Note: Thanks Beavis for the correction for Enron
ME: Solyndra has Obama's name all over it."
Sorta like the pic I found at Ace...
Republicans hope to shed more light on the Solyndra loan scandal tomorrow, when the House Energy and Commerce Subcommittee on Oversight and Investigations will hear testimony from two White House officials involved in the now infamous $535 million loan guarantee to the now-defunct solar-panel manufacturer once hailed by President Obama as a "true engine of economic growth . . . leading the way toward a brighter more prosperous future."
In particular, the committee will seek to determine the extent to which Solyndra's financial ties to major Democratic fundraiser George Kaiser may have played a role in the company's receiving federally backed funds. According to a memo circulated by committee Republicans, the hearing will also examine the following questions:
Did the Department of Energy (DOE) and the Office of Management and Budget (OMB) conduct a proper review of the Solyndra application?
Should the DOE and the OMB have anticipated some of the financial problems that Solyndra experienced, which resulted in bankruptcy?
Did the DOE and the OMB take adequate steps to protect taxpayers when it negotiated the terms and conditions of the Solyndra guarantee and its restructuring?
Much more at site -- Click to follow this second Rantburg Project (ok so I'm taking some liberties here.... this one is gonna be hard to hide)
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Posted by Sherry 2011-09-14 00:56||
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