Campaign contributions, Solyndra disaster and President Obama

Campaign contributions, Solyndra disaster and President Obama

Washington : DC : USA | Oct 15, 2011 at 1:20 PM PDT
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Solyndra and Obama:what did he know?

Every time I here the name Solyndra, I remember a bad George Clooney movie but I digress. This Solyndra is far from fictional but I bet the Obama administration now wish it was.

Solyndra was a whimsical name synonymous with change:change for a new and brighter tomorrow for America. One of President Obama's shining beacon that was going to blaze a trail to our greener alternative energy future.

Fast forward to today and it has turned into a nightmare that just keeps on scaring and I know the White House wants it gone. So how did it all go wrong?

Solyndra was a Freemont California solar company held up as an example of alternative 'green energy' at its best. It was held in such high regard that a whopping $535 million in federal loans was given to the company. President Obama even toured the facilities with glowing confidence on May 26, 2010, saying the factory was. "a testament to American ingenuity and dynamism...."

Now Solyndra has gone belly-up, filed for chapter 11 bankruptcy, with over 1,100 workers pushed into the already long unemployment line. The company has gone from beacon of 'green light' to a huge embarrassment for the White House.

Just when you thought the Solyndra disaster couldn't get any worse, it did. Now there is rumble of campaign contributions for the President coming from that same energy adviser who pushed for the half a billion dollars in federal loans for the now bankrupt company, especially when he wasn't suppose to be involved in the transactions.

According to Politics Wires, Steve Spinner, the energy adviser, has allegedly raise $500,000 (almost the same amount he got from the federal coffers pumped into Solyndra) for President Obama's re-election campaign.

Spinner himself is under a cloud of suspicion for emails now allegedly show that he was involved in securing the federal loan for Solyndra when he was supposed to recuse himself from the deal because of conflict of interest. His wife reportedly worked for the law firm that represented the company.

It's appears to be getting stickier and stickier for the President and now Congress has requested the White House reveal all documents pertaining to Solyndra. The President's camp has released over 5000 pages of documents and say they will not release anymore. Congress is asking for more--they want all of it.

The plot thickens and some in the media have already dubbed the scandal "Solargate." Many critics are accusing the Obama administration of rushing the loan through for political gains and ignoring several red flags. According to Business Insider, after the 2009 completion of Solyndra's review, key shortfalls in the company's capital were found and ignored.

Stay tuned for more for it is sure to get much more interesting before it is over.

Read more by clicking links below:

SOLARGATE: 8 Red Flags The Government Totally Ignored In The ...


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President Obama and Solyndra disaster
Campaign contributions, President Obama and the Solyndra disaster
VeronicaS is based in New York City, New York, United States of America, and is an Anchor on Allvoices.
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News Stories

  • Solyndra loan figure raises $500K for Obama

      Miami Herald
    A former Energy Department adviser who pushed for a California solar company to receive a half-billion federal loan has raised more than $500,000 for President Barack Obama's reelection campaign. New campaign finance records show that Steve Spinner,...
  • Source: White House Will Not Turn Over All Solyndra Documents

    A government source provided a letter that White House Counsel Kathryn Ruemmler sent to House Energy and Commerce chair Rep. Fred Upton and subcommittee chair Rep. Cliff Stearns Friday afternoon responding to their request for internal White House...
  • Solyndra: Debacle defines Obama policy

      Courier & Press
    The Solyndra case that has stuck U.S. taxpayers with a half a billion-dollar bad debt, with little prospect of getting any back, isn't going away soon nor should it. It isn't just the amount spent on this solar panel fiasco that matters the most,...
  • Sun still shines on some solar projects

      United Press International
    Solar power advocates say the failure of California solar panel company Solyndra was an anomaly, despite its heavy press coverage. Solyndra declared bankruptcy with a $500 million federal loan guarantee, which means taxpayers will be footing much of...
  • MSNBC's Matthews, O'Donnell, Schultz and Sharpton Have Totally Ignored ...

    Wednesday marked the six week anniversary of solar company Solyndra declaring bankruptcy. Chris Matthews, Lawrence O'Donnell, Ed Schultz, and Al Sharpton have yet to report one single word about this growing scandal on their respective prime time...
  • U.S. losing clean-energy race? Solar maker Solyndra bankrupt

      Charlotte Observer Online
    California solar manufacturer Solyndra announced Wednesday that it was shutting down a factory built with the help of a $535 million federal loan guarantee and would file for bankruptcy. It's the latest blow to U.S. efforts to regain a top spot in...



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