Still think there’s no Solyndra scandal? The Washington Post blew that notion out of the water with a report that the Obama administration pushed the solar company it had subsidized and celebrated to wait until after the 2010 midterm elections to announce layoffs:
Solyndra’s chief executive warned the Energy Department on Oct. 25, 2010, that he intended to announce worker layoffs Oct. 28. He said he was spurred by numerous calls from reporters and potential investors about rumors the firm was in financial trouble and was planning to lay off workers and close one of its two plants.
But in an Oct. 30, 2010, e-mail, advisers to Solyndra’s primary investor, Argonaut Equity, explain that the Energy Department had strongly urged the company to put off the layoff announcement until Nov. 3. The midterm elections were held Nov. 2, and led to Republicans taking control of the U.S. House of Representatives.
“DOE continues to be cooperative and have indicated that they will fund the November draw on our loan (app. $40 million) but have not committed to December yet,” a Solyndra investor adviser wrote Oct. 30. “They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3rd — oddly they didn’t give a reason for that date.”
Oddly, indeed. Read the whole thing. The Solyndra/Obama administration coziness is just one more example of the kind of crony capitalism that all Americans — regardless of party, ideology or feelings about the particular issue of renewable energy sources — ought to be tired of hearing about.
– By Kyle Wingfield