"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Wednesday, September 14, 2011

Still More on Solyndra

This timeline is damning:

March 2010 : PricewaterhouseCoopers issues a report that raises serious doubts about Solyndra's future. From the audit: “The Company has suffered recurring losses from operations, negative cash flows since inception and has a net stockholders’ deficit that, among other factors, raise substantial doubt about its ability to continue as a going concern.”

May 2010 : President Obama visits Solyndra, touting the company as a symbol of progress to cheers from workers and California leaders. “The true engine of economic growth will always be companies like Solyndra,” he said.
So the White House -- which, believe you me, vetts every speech and every appearance by the President (and, really, any President), knew that there was this PWC report out there questioning the viability of Solyndra.   But the President went there anyway.

What did Obama know?   When did he know it?


Also, according to Politico, "one OMB reviewer pointed out that a credit-rating agency predicted that the project would run out of cash in September 2011."

As a
blogger on Ace of Spades notes today, "it sounds an awful lot like the risks were known. Did the Obama White House disagree with the risk assessment or just not care?"

What did Obama know?   When did he know it?   Ask the damn question!

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