Kathianne
10-05-2011, 05:25 AM
Fast & Furious? Solyndra? Which will it be? Are there more? Likely.
http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003
E-Mails Show Obama Was Warned; Bitter OMB, DOE Divide Over Solyndra [/URL] (http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003#) [URL="http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003#"] (http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003#)
By Amy Harder (http://www.nationaljournal.com/reporters/bio/31)
Updated: October 4, 2011 |
New e-mails released Monday show the White House was warned about Solyndra's potential problems even before President Obama visited the company's Fremont, Calif., headquarters and used it as a backdrop for his push for renewable energy investment and green jobs.
“A number of us are concerned that the president is visiting Solyndra,” Steve Westly, managing partner of Westly Group, wrote in an e-mail to Obama senior adviser Valerie Jarrett on May 24, 2010, a day before the president's well publicized trip to Solyndra. “[T]here is an increasing concern about the company because their auditors, Coopers and Lybrand, have issued a ‘going concern’ letter … Many of us believe the company’s cost structure will make it difficult for them to survive long term.”
(RELATED: Who Else Benefited From Green Loans, Besides Solyndra? (http://www.nationaljournal.com/pictures-video/besides-solyndra-who-benefits-from-government-s-green-loan-program-pictures-20110928))
Westly went on to ask Jarrett if he could check with the Energy Department to make sure its officials were comfortable with Solyndra's finances.
From National Journal: http://cdn-media.nationaljournal.com/?controllerName=image&action=get&id=11918&format=homepage_thumb
Republican Supporters of the Environment (http://www.nationaljournal.com/pictures-video/republican-supporters-of-the-environment-pictures-20111001)
Poll: Most Americans Think Obama Will Lose (http://www.nationaljournal.com/2012-presidential-campaign/poll-majority-of-americans-expect-obama-to-lose-in-2012-20111003)
NASA Finds Unprecedented Ozone Loss (http://www.nationaljournal.com/tech/nasa-finds-unprecedented-ozone-loss-over-arctic-region-20111002)
Perry Camp Braces for Fallout (http://www.nationaljournal.com/perry-camp-braces-for-fallout-over-ranch-sign-20111002)
No Due Process in Awlaki's Killing? (http://www.nationaljournal.com/nationalsecurity/no-due-process-in-awlaki-s-killing-civil-libertarians-worry-20110930)
"I just want to help protect the president from anything that could result in negative or unfair press,” Westly wrote. “If it’s too late to change/postpone the meeting, the president should be careful about unrealistic/optimistic forecasts that could haunt him in the next 18 months if Solyndra hits the wall, files for bankruptcy, etc.”
Democratic staff on the House Energy and Commerce Committee (http://topics.nationaljournal.com/House+Energy+and+Commerce+Committee/) on Monday circulated the e-mails, which also show intense disagreement between two parts of the Obama administration throughout most of the time solar company Solyndra received taxpayer dollars.
The White House Office of Management and Budget needed to sign off on the risk assessment of a loan guarantee before the Energy Department approved a project’s loan under the program, which began in 2009 and expired last week.
E-mails show the two agencies were on the same page in September 2009, when the department approved Solyndra’s loan guarantee. But by 2010, OMB officials started having concerns about the solar manufacturer’s financial standing...
OMB’s concerns in 2010 were heightened by an independent audit that expressed doubt about the company’s finances.
“DOE ... has one loan guarantee to monitor and they seem completely oblivious to this issue,” one OMB analyst said to another in an April 2, 2010, email.
“What’s terrifying is that after looking at some of the ones that came next, this one [Solyndra] started to look better," another OMB e-mail exchange said of Solyndra. "Bad days are coming.” ...
http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003
E-Mails Show Obama Was Warned; Bitter OMB, DOE Divide Over Solyndra [/URL] (http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003#) [URL="http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003#"] (http://www.nationaljournal.com/energy/e-mails-show-obama-was-warned-bitter-omb-doe-divide-over-solyndra-20111003#)
By Amy Harder (http://www.nationaljournal.com/reporters/bio/31)
Updated: October 4, 2011 |
New e-mails released Monday show the White House was warned about Solyndra's potential problems even before President Obama visited the company's Fremont, Calif., headquarters and used it as a backdrop for his push for renewable energy investment and green jobs.
“A number of us are concerned that the president is visiting Solyndra,” Steve Westly, managing partner of Westly Group, wrote in an e-mail to Obama senior adviser Valerie Jarrett on May 24, 2010, a day before the president's well publicized trip to Solyndra. “[T]here is an increasing concern about the company because their auditors, Coopers and Lybrand, have issued a ‘going concern’ letter … Many of us believe the company’s cost structure will make it difficult for them to survive long term.”
(RELATED: Who Else Benefited From Green Loans, Besides Solyndra? (http://www.nationaljournal.com/pictures-video/besides-solyndra-who-benefits-from-government-s-green-loan-program-pictures-20110928))
Westly went on to ask Jarrett if he could check with the Energy Department to make sure its officials were comfortable with Solyndra's finances.
From National Journal: http://cdn-media.nationaljournal.com/?controllerName=image&action=get&id=11918&format=homepage_thumb
Republican Supporters of the Environment (http://www.nationaljournal.com/pictures-video/republican-supporters-of-the-environment-pictures-20111001)
Poll: Most Americans Think Obama Will Lose (http://www.nationaljournal.com/2012-presidential-campaign/poll-majority-of-americans-expect-obama-to-lose-in-2012-20111003)
NASA Finds Unprecedented Ozone Loss (http://www.nationaljournal.com/tech/nasa-finds-unprecedented-ozone-loss-over-arctic-region-20111002)
Perry Camp Braces for Fallout (http://www.nationaljournal.com/perry-camp-braces-for-fallout-over-ranch-sign-20111002)
No Due Process in Awlaki's Killing? (http://www.nationaljournal.com/nationalsecurity/no-due-process-in-awlaki-s-killing-civil-libertarians-worry-20110930)
"I just want to help protect the president from anything that could result in negative or unfair press,” Westly wrote. “If it’s too late to change/postpone the meeting, the president should be careful about unrealistic/optimistic forecasts that could haunt him in the next 18 months if Solyndra hits the wall, files for bankruptcy, etc.”
Democratic staff on the House Energy and Commerce Committee (http://topics.nationaljournal.com/House+Energy+and+Commerce+Committee/) on Monday circulated the e-mails, which also show intense disagreement between two parts of the Obama administration throughout most of the time solar company Solyndra received taxpayer dollars.
The White House Office of Management and Budget needed to sign off on the risk assessment of a loan guarantee before the Energy Department approved a project’s loan under the program, which began in 2009 and expired last week.
E-mails show the two agencies were on the same page in September 2009, when the department approved Solyndra’s loan guarantee. But by 2010, OMB officials started having concerns about the solar manufacturer’s financial standing...
OMB’s concerns in 2010 were heightened by an independent audit that expressed doubt about the company’s finances.
“DOE ... has one loan guarantee to monitor and they seem completely oblivious to this issue,” one OMB analyst said to another in an April 2, 2010, email.
“What’s terrifying is that after looking at some of the ones that came next, this one [Solyndra] started to look better," another OMB e-mail exchange said of Solyndra. "Bad days are coming.” ...