Tuesday, November 15, 2011

Green Politics: Solyndra was asked to delay layoffs until after 2010 Midterm Election

 On his August bus tour, Obama accused Republicans of playing politics with the economy.
"people are sick and tired of the nonsense of political gain"

Pot, meet kettle at the 1:30 mark of the video.

Washington (CNN) -- The Department of Energy last year urged struggling solar energy company Solyndra to delay announcing planned layoffs until after the November 2010 elections, according to a report made public Tuesday by Republican congressional investigators.

Solyndra, which had received $535 million in federal loan guarantees in 2009, later declared bankruptcy...

During discussions on October 30, 2010, between advisers for Argonaut Private Equity -- a major Solyndra investor founded by Obama fundraiser George Kaiser -- and the Department of Energy, department officials "did push very hard" for Solyndra to "hold our announcement of the consolidation to employees and vendors to November 3," the memorandum said.

"Oddly, they didn't give a reason for that date," the Argonaut advisers added, according to the memorandum. Keep on reading...

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